Retail payments and the real economy
De Renzis, Tania
- Publisher: Frankfurt a. M.: European Central Bank (ECB)
G20 | Financial Development | G21 | financial development, real economy, retail payments | Real economy | Retail payments
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...