Research Reports

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Proper understanding and monitoring of household saving are necessary to conduct appropriate macroeconomic policies aiming at a balanced economic recovery in the EU-15.

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Author(s): 
Maria Chiara Malaguti, Alessandra Guerrieri

Two-sided payment card markets generate costs that have to be distributed among the participating actors. For this purpose, payment card networks set an interchange fee, which is the fee paid by the merchant’s bank to the cardholder’s bank per transaction.

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Author(s): 
Ales Chmelar

The fall in economic output all over Europe since 2008 has had important consequences for household liabilities. Major growth in demand and supply for household credit products has generated an increase in household debt, which contributed to growth rates during the pre-crisis period but – in some countries – became household-debt overhangs and helped inflate asset bubbles.

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Author(s): 
Marc Rothemund, Maria Gerhardt

Credit referencing occurs in many countries of the world with a primary purpose of collecting and providing information to help lenders make better decisions.

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Author(s): 
Nicola Jentzsch, Christian Wey

This report brings together in a single volume the excellent contributions presented at the high-level conference on “The Future of Retail Banking in Europe: Competition and Regulatory Challenges” held at CEPS on the 10th of June 2009.

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Author(s): 
Caterina Giannetti, Nicola Jentzsch, Giancarlo Spagnolo

Information asymmetries can severely limit the cross-border border expansion of banks, if entering banks can only obtain incomplete information about potential new clients. Such asymmetries are reduced by credit registers, which distribute financial data on bank clients.

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Author(s): 
Jürgen Bott

When it was originally proposed, the Single Euro Payments Area (SEPA) was hailed for its potential to contribute significantly to making Europe the most competitive and dynamic knowledge-driven economy by 2010.

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Author(s): 
Maria Chiara Malaguti

The Payment Services Directive (PSD) was published in late 2007, constituting the legal basis for the Single Euro Payments Area (SEPA). The industry initiative launched on 28 January 2008 aims at replacing fragmented national markets for payment services with one integrated system.

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Author(s): 
Daniel Kaltofen, Stephan Paul, Stefan Stein

The key concept underlying the Basel II framework for risk measurement and corresponding equity capital standards is that the existing regulations pertaining to credit risk will be individualised through reference to the internal ratings of banks.

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