Retail payments and the real economy

Research, Preprint English OPEN
Schmiedel, Heiko; Hasan, Iftekhar; De Renzis, Tania;
  • Publisher: Frankfurt a. M.: European Central Bank (ECB)
  • Subject: G20 | Financial Development | financial development, real economy, retail payments | G21 | Real economy | Retail payments
    • ddc: ddc:330
    acm: TheoryofComputation_GENERAL | ComputingMilieux_GENERAL

This paper examines the fundamental relationship between retail payments and the real economy. Using data from across 27 European markets over the period 1995-2009, the results confirm that migration to efficient electronic retail payments stimulates the overall economy... View more
  • References (1)

    1 For further details on the model refer to Humphrey D., B., Kim M. and Vesala J., 2001, “Realizing the Gains from Electronic Payments: Costs, Pricing, and Payment Choice”, Journal of Money, Credit, and Banking, 33 (2) 216-34.

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