Approaches to Regulating Interchange Fees in Payment Systems

@inproceedings{Gans2003ApproachesTR,
  title={Approaches to Regulating Interchange Fees in Payment Systems},
  author={Joshua S. Gans},
  year={2003}
}
Significant attention worldwide has been paid to the regulation of credit card interchange fees. In part, this attention has followed concerns expressed about the level of these fees in Europe, the U.S. and Australia. The Reserve Bank of Australia recently conducted an extensive inquiry into the interchange fees associated with credit cards and has moved to regulate those fees. At the same time, research economists have considered determinants of the socially optimal interchange fee. In this… CONTINUE READING

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