Arbeitspapier
Competition and regulation in European retail payment systems
In this study, the interaction between the competition-cooperation nexus and regulation in retail payment systems is analysed by applying the main lessons from the theory of network industries. This is justifiable on the grounds that the payment systems industry inherently has many characteristics in common with network industries.On the other hand, since the provision of payment services also has many special characteristics, the regulatory tools commonly used in many other network industries cannot be applied directly.In general, the main role of payment system regulators is to provide a level playing field for different service providers.To secure dynamic efficiency, the regulators also need to ensure adequate incentives for innovation and investment.In this respect, it is important that they do not take too restrictive an attitude towards cooperation among payment service providers.In addition to general policy analysis, the study also analyses developments in the European retail payment system field and the roles and aims of market participants.
- ISBN
-
952-462-065-0
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Finland Discussion Papers ; No. 16/2003
- Klassifikation
-
Wirtschaft
Market Structure and Pricing: Other
Financial Institutions and Services: Government Policy and Regulation
Industry Studies: Utilities and Transportation: Government Policy
- Thema
-
Competition policy
payment systems
retail payments
network economics
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kemppainen, Kari
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland
- (wo)
-
Helsinki
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kemppainen, Kari
- Bank of Finland
Entstanden
- 2003
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