The use of cheques in the European Union: a cross-country analysis

Esmeralda de Jesus Ratinho Lopes Arranhado Ramalho () and Carlos Vieira
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Esmeralda de Jesus Ratinho Lopes Arranhado Ramalho: Department of Economics and CEFAGE-UÉ, Universidade de Évora

CEFAGE-UE Working Papers from University of Evora, CEFAGE-UE (Portugal)

Abstract: Some European Union (EU) countries have implemented policies to discourage the use of cheques due to its considerable social costs and risks. This paper provides a cross-country analysis for the period 2000-2012 of the determinants of cheque usage, measured both as per capita number and share of payments. Special attention is given to the effects of the application of fees in a framework where unfunded cheques are considered as an autonomous type of crime in some EU countries. Our results suggest that the existence of fees influences negatively cheque usage, even when there are legal elements that increase its security.

JEL-codes: E41 E42 F36 G21 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2016
New Economics Papers: this item is included in nep-mac and nep-pay
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Related works:
Journal Article: The Use of Cheques in the European Union: A Cross-Country Analysis (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:cfe:wpcefa:2016_03

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