While payment card usage has increased dramatically, the stock of outstanding currency
has not declined as rapidly. We analyze changes in cash demand for 13 advanced …

During the last decade, debit card transactions grew rapidly in most advanced countries.
While check usage declined and has almost disappeared in some countries, the stock of …

Although the development of the card payment system allows for lowering the costs of
money circulation and thereby leads to significant economic gains, relatively small amount …

We develop a Nash game on the adoption of a new EFTPOS (Electronic Fund Transfer at
Point of Sale) card payment media given cash is dispensed by a competitive ATM …

En Colombia, como en muchos países que han optado por un régimen de inflación objetivo,
se continúa monitoreando el comportamiento de algunas variables monetarias, dentro de …

This work investigates the relationships between the retail payment system, monetary
aggregates and economic activity in Spain from a long-run perspective. This approach is …

Modern paper currency contributes little to productive investment. This shortcoming is not
inherent to paper money. It stems from the fact that currency today is monopolistically …

The purpose of this study is to analyse the evolution of payment behaviours by emphasizing
the role of the regulation and the financial opening. We test whether the convergence …

The aim of the article is to identify the existence of a relationship between payment inclusion
and the demand for cash and the impact of the behavioural factor, which is the uncertainty …

In a recent article in European Competition Law Review, David Balto analysed the issue of
interchange fees in payment card systems. 1 These are fees that banks pay one another for …