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Conference Paper
Some economics of horizontal integration in the payments industry
Conference Paper
Nonbanks in the payments system: innovation, competition, and risk: an international payments policy conference
Nonbanks are becoming increasingly prominent in payments systems around the world. What are the implications of this heightened presence for innovation, competition, and risk? This international conference brought together three principal audiences - industry participants, academics, and public authorities - for an exchange of views and thoughts. The following issues were addressed: What activities do banks and nonbanks perform in payments? How has rising nonbank participation affected product innovation and market competition in the payments industry? Do banks and nonbanks compete on a level ...
Conference Paper
The economics of interchange fees and their regulation : an overview