Towards economic and monetary union: changing trends in payment systems for new European members

Francisco José Callado Muñoz () and Natalia Utrero González ()
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Francisco José Callado Muñoz: Departament d'Economia (Department of Economics) Facultat de Ciències Econòmiques i Empresarials (Faculty of Economics and Management) Universitat de Girona, Postal: Campus Montilivi s/n, 17071, Girona, Spain, http://www.udg.edu/depec/
Natalia Utrero González: Departament d'Economia (Department of Economics) Facultat de Ciències Econòmiques i Empresarials (Faculty of Economics and Management) Universitat de Girona, Postal: Campus Montilivi s/n, 17071, Girona, Spain, http://www.udg.edu/depec/
Authors registered in the RePEc Author Service: Natalia Utrero-González and Francisco José Callado-Muñoz

Journal of Financial Transformation, 2007, vol. 20, 168-174

Abstract: This paper makes a study of payment systems in the countries of the enlargement of the European Union for the period 1996-2003 and its comparison with the members of the European and Monetary Union. The general tendency is of a movement from cash to alternative instruments of payment. However, electronic means are not used very much and the importance of cash payments continues to be very high. The comparison with the EU15 presents significant differences that will mean an important effort for the new members in reforming and adapting their systems to the actual uses and future payment developments of the EU15. This process will be crucial both for their euro integration and the design and implementation of the single monetary policy.

Keywords: Payment Systems; European Union; Monetary Union; Enlargement. (search for similar items in EconPapers)
JEL-codes: E50 F36 G20 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:0927

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