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The Implications Of Single Euro Payments Area (Sepa) On Banking Efficiency


  • Mihaita-Cosmin POPOVICI

    () (Alexandru Ioan Cuza University of Iasi, Romania, Doctoral School of Economics And Business Administration)


With the creation of the euro by the Maastricht Treaty in 1992, European integration has deepened. Even with this step done the financial market is fragmented. In order to eliminate this disadvantage, the European Union has taken a number of measures. The first step is the Financial Services Action Plan in 2000, through the Lisbon Strategy. Second is the European Commission Regulation 2560/2001 to harmonise fees for cross border and domestic euro transactions. Third is the first pan-European Automated Clearing House in 2003. Last great step made is the Single Euro Payments Area (SEPA) in 2008. In this paper, we want to research the degree of implementation of SEPA by using quantitative indicators: credit transfers, direct debits and payment cards, and the effects of this system on bank efficiency.

Suggested Citation

  • Mihaita-Cosmin POPOVICI, 2014. "The Implications Of Single Euro Payments Area (Sepa) On Banking Efficiency," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6(3), pages 68-75, September.
  • Handle: RePEc:jes:wpaper:y:2014:v:6:i:3:p:68-75

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    References listed on IDEAS

    1. Horwitz, Steven, 2011. "Do we need a distinct monetary constitution?," Journal of Economic Behavior & Organization, Elsevier, vol. 80(2), pages 331-338.
    2. Brunner, Karl & Meltzer, Allan H, 1971. "The Uses of Money: Money in the Theory of an Exchange Economy," American Economic Review, American Economic Association, vol. 61(5), pages 784-805, December.
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    More about this item


    SEPA; banking; efficiency;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other


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