Harmonizing Europe’s payment systems: an uphill battle?
AbstractA model is introduced to analyze the effect of network effects and transactions patterns on the decision by banks (not) to standardize payment systems both domestically and across borders. If only a small share of all transactions is cross-border, banks have strong incentives to maintain incompatible standards across countries. The model is applied to the case of harmonizing Europe’s payment networks.
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Bibliographic InfoPaper provided by Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology in its series Research Memoranda with number 020.
Date of creation: 2004
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economics of technology ;
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