Competition and regulation in European retail payment systems

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dc.contributor Suomen Pankki Kemppainen, Kari 2014-09-22T07:59:23Z 2014-09-22T07:59:23Z 2003
dc.identifier.isbn 952-462-065-0
dc.identifier.issn 0785-3572
dc.description.abstract 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. Key words: Competition policy, payment systems, retail payments, network economics JEL classification numbers: D49, G28, L98
dc.format.extent 69 s.
dc.language.iso eng
dc.subject maksujärjestelmät
dc.subject sääntely
dc.subject kilpailu
dc.subject yhteistyö
dc.subject Eurooppa
dc.subject euroalue
dc.subject SP
dc.title Competition and regulation in European retail payment systems
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-20140807186
dc.subject.jel D49
dc.subject.jel G28
dc.subject.jel L98 Suomen Pankin keskustelualoitteita
dc.series.year 2003
dc.series.number 16/2003
dc.series.sortingnumber 16 9.6.2003

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