Payment transactions, instruments, and systems: A survey |
| |
Authors: | Diana Hancock David B Humphrey |
| |
Abstract: | The payments literature ranges from theoretical general equilibrium models to practical payment issues related to the day-to-day operation of various national networks for the transfer of money. It is an area where economic theory and institutional structure are often closely intertwined and it is currently undergoing significant change, shifting from costly paper-based systems to technologically advanced electronic payments. The extant literature is surveyed here with the aim of integrating the various strands of payment research which have been largely pursued separately. In addition, we present newly available data to illustrate and investigate a number of underdeveloped areas in this literature. |
| |
Keywords: | Cash Checks Giro Settlement Risk |
本文献已被 ScienceDirect 等数据库收录! |