Automated Teller Machine network market structure and cash usage
AbstractThis study discusses the effects of the Automated Teller Machine (ATM) network market structure on the availability of cash withdrawal ATM services and cash usage. The aim and novelty of the study is to construct the ATM equation. The study also contributes to the earlier discussion on the effects of ATMs on cash usage. The monopolisation of ATM network market structure and its effects on the number of ATMs and on cash in circulation are analysed both theoretically and empirically. The unique annual data set on 20 countries used in the estimations has been combined from various data sources. The observation period is 1988–2003, but the data on some countries are available only for a shorter period. Based on our theoretical discussion, as well as the estimation results, monopolisation of the ATM network market structure is associated with a smaller number of ATMs. Furthermore, the influence of the number of ATMs on cash in circulation is ambiguous.
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Bibliographic InfoPaper provided by Bank of Finland in its series Scientific Monographs with number E:38/2006.
Length: 110 pages
Date of creation: 28 Jul 2006
Date of revision:
ATM; ATM network; monopolisation; demand for cash;
Find related papers by JEL classification:
- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
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- Ferrari, S. & Verboven, F.L. & Degryse, H.A., 2008.
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- Snellman , Heli & Virén , Matti, 2006. "ATM networks and cash usage," Research Discussion Papers 21/2006, Bank of Finland.
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