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The use of cheques in the European Union: a cross-country analysis

Author

Listed:
  • Vania Silva

    () (CEFAGE, Universidade de Évora, Portugal)

  • Esmeralda Ramalho

    () (Department of Economics and CEFAGE-UE, Universidade de Évora)

  • Carlos Vieira

    () (Department of Economics and CEFAGE-UE, Universidade de Évora)

Abstract

Some European Union (EU) countries have implemented policies to discourage the use of cheques due to its considerable social costs and risks. This paper provides a cross-country analysis for the period 2000-2012 of the determinants of cheque usage, measured both as per capita number and share of payments. Special attention is given to the effects of the application of fees in a framework where unfunded cheques are considered as an autonomous type of crime in some EU countries. Our results suggest that the existence of fees influences negatively cheque usage, even when there are legal elements that increase its security.

Suggested Citation

  • Vania Silva & Esmeralda Ramalho & Carlos Vieira, 2016. "The use of cheques in the European Union: a cross-country analysis," CEFAGE-UE Working Papers 2016_03, University of Evora, CEFAGE-UE (Portugal).
  • Handle: RePEc:cfe:wpcefa:2016_03
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    References listed on IDEAS

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    More about this item

    Keywords

    European Union; Retail Payments; Cheques; Panel Data.;

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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