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The impact of policy effects on the Hungarian payments card market
As a major electronic alternative to cash, central banks and state administrations often support the development of card payments with regulatory and public policy steps. Hungary was extremely active in this field by executing POS-terminal installation programmes or setting limits to interchange fee...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Palgrave Macmillan UK
2021
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7993446/ http://dx.doi.org/10.1057/s41261-021-00152-6 |
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author | Kajdi, László Kiss, Milán |
author_facet | Kajdi, László Kiss, Milán |
author_sort | Kajdi, László |
collection | PubMed |
description | As a major electronic alternative to cash, central banks and state administrations often support the development of card payments with regulatory and public policy steps. Hungary was extremely active in this field by executing POS-terminal installation programmes or setting limits to interchange fees a year before the European regulation. Within this study we investigate, how these measures contributed to the recent evolution of Hungary’s payment card market. Using the comprehensive dataset of the Central Bank of Hungary, we provide empirical evidence using time-series analysis methods, that both policy steps had a significant positive effect on the domestic card payments scene. |
format | Online Article Text |
id | pubmed-7993446 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2021 |
publisher | Palgrave Macmillan UK |
record_format | MEDLINE/PubMed |
spelling | pubmed-79934462021-03-26 The impact of policy effects on the Hungarian payments card market Kajdi, László Kiss, Milán J Bank Regul Original Article As a major electronic alternative to cash, central banks and state administrations often support the development of card payments with regulatory and public policy steps. Hungary was extremely active in this field by executing POS-terminal installation programmes or setting limits to interchange fees a year before the European regulation. Within this study we investigate, how these measures contributed to the recent evolution of Hungary’s payment card market. Using the comprehensive dataset of the Central Bank of Hungary, we provide empirical evidence using time-series analysis methods, that both policy steps had a significant positive effect on the domestic card payments scene. Palgrave Macmillan UK 2021-03-25 2022 /pmc/articles/PMC7993446/ http://dx.doi.org/10.1057/s41261-021-00152-6 Text en © The Author(s), under exclusive licence to Springer Nature Limited 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic. |
spellingShingle | Original Article Kajdi, László Kiss, Milán The impact of policy effects on the Hungarian payments card market |
title | The impact of policy effects on the Hungarian payments card market |
title_full | The impact of policy effects on the Hungarian payments card market |
title_fullStr | The impact of policy effects on the Hungarian payments card market |
title_full_unstemmed | The impact of policy effects on the Hungarian payments card market |
title_short | The impact of policy effects on the Hungarian payments card market |
title_sort | impact of policy effects on the hungarian payments card market |
topic | Original Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7993446/ http://dx.doi.org/10.1057/s41261-021-00152-6 |
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