Economics at your fingertips  

Transformation of payment systems: The case of European Union enlargement

Francisco José Callado Muñoz (), Jana Hromcová and Natalia Utrero González ()
Additional contact information
Francisco José Callado Muñoz: Dpt. Economia
Natalia Utrero González: Dpt. Economia

Authors registered in the RePEc Author Service: Francisco José Callado-Muñoz and Natalia Utrero-González

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: In this paper we present a general equilibrium model on payment choice at retail level. We analyze how the accession to an economic and monetary union, and the influence of new institutions may shape the evolution of consumers’ payments in newly acceded countries. The model suggests that accessing countries approach accepting group attitudes towards payment choices as a consequence of institutional pressure and technology development. We apply the results of the model to 2004 European Union enlargement process. Results confirm the relevance of institutional environment and technology development in retail payment system decisions of newly acceded countries.

Keywords: cash; payments; European Union enlargement. (search for similar items in EconPapers)
JEL-codes: E42 E51 G21 O52 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2011-10
New Economics Papers: this item is included in nep-eec and nep-tra
References: View references in EconPapers View complete reference list from CitEc

Published by Ivie

Downloads: (external link) Fisrt version / Primera version, 2011 (application/pdf)

Related works:
Journal Article: Transformation of payment systems: the case of European Union enlargement (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) Contact information at EDIRC.
Bibliographic data for series maintained by Departamento de Edición ().

Page updated 2024-07-06
Handle: RePEc:ivi:wpasad:2011-23