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The Use of Cheques in the European Union: A Cross-Country Analysis

Vânia G. Silva (), Esmeralda A. Ramalho () and Carlos Vieira ()
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Vânia G. Silva: Universidade de Évora
Esmeralda A. Ramalho: Universidade de Évora

Open Economies Review, 2017, vol. 28, issue 3, No 8, 602 pages

Abstract: Abstract The use of cheques has been declining in the European Union (EU), along increased integration in the payments field. This trend is not uniform across the EU, and some 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.

Keywords: European Union; Retail payments; Cheques; Panel data (search for similar items in EconPapers)
JEL-codes: F36 G21 E41 E42 (search for similar items in EconPapers)
Date: 2017
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Working Paper: The use of cheques in the European Union: a cross-country analysis (2016) Downloads
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DOI: 10.1007/s11079-016-9412-1

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