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El nacimiento de la tarjeta de credito bancaria an Mexico y Espana, 1966-1975
[The emergence of the bank credit card in Mexico and Spain, 1966-1975]

Author

Listed:
  • Batiz-lazo, Bernardo
  • del Angel, Gustavo

Abstract

In this paper we discuss the emergence of the credit card in Mexico (1968) and Spain (1970) to document the importance of the institutional framework for the adoption and takeoff of this innovation in the system of payments. Our research compares the dissemination of a relatively homogeneous product in totally different environments and explains how this innovation was transformed from a technology with a closed system to a global network. With this we also seek to show some lessons in financial history to better understand contemporary phenomena, such as the adoption of innovations that are expected to be disruptive in the retail financial markets.

Suggested Citation

  • Batiz-lazo, Bernardo & del Angel, Gustavo, 2016. "El nacimiento de la tarjeta de credito bancaria an Mexico y Espana, 1966-1975 [The emergence of the bank credit card in Mexico and Spain, 1966-1975]," MPRA Paper 78004, University Library of Munich, Germany, revised 05 Aug 2016.
    • Handle: RePEc:pra:mprapa:78004
    as

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    File URL: https://mpra.ub.uni-muenchen.de/78004/1/MPRA_paper_78004.pdf
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    References listed on IDEAS

    as
    1. Demirgüç-Kunt, A. & Beck, T.H.L. & Honohan, P., 2008. "Finance for all? : Policies and pitfalls in expanding access," Other publications TiSEM aec73d3a-d6eb-457f-9182-3, Tilburg University, School of Economics and Management.
    2. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
    3. Bátiz-Lazo, Bernardo & Haigh, Thomas & Stearns, David L., 2014. "How the Future Shaped the Past: The Case of the Cashless Society," Enterprise & Society, Cambridge University Press, vol. 15(1), pages 103-131, March.
    4. Daniels, Kenneth N & Murphy, Neil B, 1994. "The Impact of Technological Change on the Currency Behavior of Households: An Empirical Cross-Section Study," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(4), pages 867-874, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    credit card; means of payment; banks; Mexico; Spain;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • N0 - Economic History - - General
    • N2 - Economic History - - Financial Markets and Institutions

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