Template-type: ReDif-Paper 1.0
Author-Name: Leibbrandt, Gottfried
Author-workplace-name: MERIT
Title: Harmonizing Europe’s payment systems: an uphill battle?
Abstract: A model is introduced to analyze the effect of network effects and transactions patterns on the decision by banks (not) to standardize payment systems both domestically and across borders. If only a small share of all transactions is cross-border, banks have strong incentives to maintain incompatible standards across countries. The model is applied to the case of harmonizing Europe’s payment networks.
Keywords: economics of technology ; 
Series: Research Memoranda
Creation-Date: 2004
Number: 020
File-URL: https://unu-merit.nl/publications/rmpdf/2004/rm2004-020.pdf
File-Format: application/pdf
File-Size: 272058
Handle: RePEc:unm:umamer:2004020