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Transformation of payment systems: The case of European Union enlargement

Francisco José Callado Muñoz (), Jana Hromcová and Natalia Utrero González ()
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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
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Published by Ivie

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http://www.ivie.es/downloads/docs/wpasad/wpasad-2011-23.pdf Fisrt version / Primera version, 2011 (application/pdf)

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Journal Article: Transformation of payment systems: the case of European Union enlargement (2012) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2011-23

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