Competition and regulation in the Finnish ATM industry

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dc.contributor Bank of Finland
dc.contributor.author Markkula, Tuomas
dc.contributor.author Takalo, Tuomas
dc.date.accessioned 2021-10-14T12:38:51Z
dc.date.available 2021-10-14T12:38:51Z
dc.date.issued 2021
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/18170
dc.description.abstract Declining ATM numbers pose a challenge for competition policy and financial regulatory authorities. In this report we review the Finnish experience of regulating the competition in the ATM industry. To analyze the Finnish developments we extend the model of Kopsakangas-Savolainen and Takalo (2014), and draw on the existing literature and benchmarks from the selected other countries. We document how changes in the ATM market regulation and market structure has decoupled the ATM network size from the declining cash use in Finland. The Finnish regulation has almost exclusively focused on foreign fees, while in general it would be better to regulate interchange fees. If the optimal fee regulation is not feasible, the authorities could also consider quantity regulation.
dc.format.extent 61
dc.language.iso ENG
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject Suomi
dc.subject käteinen
dc.subject.other ATM industry
dc.subject.other cash
dc.subject.other competition policy
dc.subject.other optimal regulation
dc.subject.other retail payments
dc.title Competition and regulation in the Finnish ATM industry
dc.type Paper
dc.identifier.urn URN:NBN:fi:bof-202110142058
dc.series.name BoF Economics Review
dc.series.year 2021
dc.series.number 8/2021
dc.series.sortingnumber 0008
dc.date.publication 14.10.2021
dc.subject.yso pankkiautomaatit
dc.subject.yso käteisraha
dc.subject.yso maksut
dc.subject.yso sääntely
dc.subject.yso kilpailu
dc.subject.yso kilpailupolitiikka
dc.subject.yso pankit
bof-internal.includedInCRIS 1
dc.type.okm D4

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