haku: @author Hancock, D. / yhteensä: 7
viite: 5 / 7
| Tekijä: | Berger, A. Hancock, D. Marquardt, J. |
| Otsikko: | A framework for analyzing efficiency, risks, costs, and innovations in the payments system |
| Lehti: | Journal of Money, Credit and Banking
1996 : NOV, VOL. 28:4, p. 696-732 |
| Asiasana: | MONEY BANKING CREDIT |
| Kieli: | eng |
| Tiivistelmä: | The market for payment instruments, such as cash, checks, and electronic funds transfers, is one of the largest, most important, and economically interesting markets in the economic system. Virtually every economic transaction requires the use of a payment instrument. Therefore, on a value basis, the demand for payment instruments equals the demand for all other goods, services, assets, and other financial instruments traded in the economy combined. In a monetary economy, the buyers and sellers of any commodity must not only agree on the price and quantity to be exchanged, but also must concur on the payment method that will be employed in the exchange. |
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