Harmonizing Europe’s payment systems: an uphill battle?

Gottfried Leibbrandt
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Gottfried Leibbrandt: MERIT

No 20, Research Memorandum from Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT)

Abstract: A model is introduced to analyze the effect of network effects and transactions patterns on the decision by banks (not) to standardize payment systems both domestically and across borders. If only a small share of all transactions is cross-border, banks have strong incentives to maintain incompatible standards across countries. The model is applied to the case of harmonizing Europe’s payment networks.

Keywords: economics of technology (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:unm:umamer:2004020

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