Payment instruments, finance and development
نویسندگان
چکیده
منابع مشابه
Incentives, Communication, and Payment Instruments
Alternative payment instruments are studied in an economy with private information, delayed communication, and limited commitment. Attention is restricted to checks and bank drafts, which differ in resource cost and communication characteristics. Checks are less costly but settlement delays create a limited commitment constraint. We Þnd that drafts dominate at low wealths and checks at higher w...
متن کاملStandardizing Retail Payment Instruments
The business of payments and the provision of payment instruments have a rich history, which can be drawn upon in a discussion of standardization. In the middle-ages, for example, the mere existence of a wide variety of foreign and local coins led to a flourishing business of money exchange offices and cashiers in the Netherlands. Malpractices of some of these firms, mostly in the form of physi...
متن کاملThe Demand for Stored Value Payment Instruments
Due to their functionality, stored value purses based on smart card technology are prominent candidates for being the dominant medium of exchange for micropayments. However, the overall prospects of these payment systems are yet ambiguous, both from the perspective of practice and monetary theory, because their potential to substitute for cash is still largely unknown. As a contribution to the ...
متن کاملExplaining Adoption and Use of Payment Instruments by U.S. Consumers
The way that consumers make payments is changing rapidly and attracts important current policy interest. This paper develops and estimates a structural model of adoption and use of payment instruments by U.S. consumers. We utilize a cross-section from the Survey of Consumer Payment Choice, a new survey of consumer behavior. We evaluate substitution and income effects. Our simulations shed light...
متن کاملFinance and Development
1. Introduction The benefits to developing economies of their comparatively recent integration to international capital markets are clearly substantial: access to international savings allowing the rate of investment (and thus industrial progress and income growth) to be raised; the ability to dampen exogenous shocks by borrowing abroad; and efficiency gains from the transfers of competitive te...
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ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 2018
ISSN: 0304-3878
DOI: 10.1016/j.jdeveco.2018.01.005