IDEAS home Printed from https://ideas.repec.org/p/eps/ecriwp/1693.html
   My bibliography  Save this paper

The Single Euro Payments Area: New Alliances Required to Tip the Market

Author

Listed:
  • J�rgen Bott

Abstract

When it was originally proposed, the Single Euro Payments Area (SEPA) was hailed for its potential to contribute significantly to making Europe the most competitive and dynamic knowledge-driven economy by 2010. All national payments standards were supposed to disappear and be replaced by new SEPA standards, which would allow additional economies of scale and scope. After six years of intensive work on developing SEPA, however, and roughly 18 months before SEPA was due to have been completed (end of 2010), this ECRI Research Report finds that the SEPA process is in a crisis. The banks and their customers are reluctant to migrate to the new SEPA standards and some banks and banking associations are not persuaded that the benefits attributed by the European Commission to SEPA will materialise. The author, Professor Dr J�rgen Bott of the University of Applied Sciences of Kaiserslautern, argues that incentives are necessary to motivate service providers and users to change their current behaviour and to migrate to new service standards.

Suggested Citation

  • J�rgen Bott, 2009. "The Single Euro Payments Area: New Alliances Required to Tip the Market," ECRI Papers 1693, Centre for European Policy Studies.
    • Handle: RePEc:eps:ecriwp:1693
    as

    Download full text from publisher

    File URL: http://www.ceps.eu/system/files/book/1871.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. James McAndrews & Ed Nosal & Guillaume Rocheteau, 2011. "Payment Systems," Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 259-287, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Otakar Schlossberger, 2016. "Impact of the Implementation of the SEPA Project on SMEs," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 109-119.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hanes, Christopher & Rhode, Paul W., 2013. "Harvests and Financial Crises in Gold Standard America," The Journal of Economic History, Cambridge University Press, vol. 73(1), pages 201-246, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eps:ecriwp:1693. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Margarita Minkova (email available below). General contact details of provider: https://edirc.repec.org/data/cepssbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.