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Payment instruments - calculating costs and benefits (Instrumenty platnicze - wycena kosztow i korzysci)

Author

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  • Jakub Gorka

    (Zaklad Bankowosci i Rynkow Pienieznych, Katedra Systemow Finansowych Gospodarki, Wydzial Zarzadzania Uniwersytetu Warszawskiego)

Abstract

In the article the author introduced his own classification and a measurement method for costs and benefits of payment instruments from the perspective of four main parties in the payment chain - the central bank, commercial banks, merchants and consumers. The proposed theoretical framework of the research could be applied to the analysis of payment instruments in Poland. Attempts have already been made by the author alone and together with the research team. However, due to the wide range of research, its high cost and the reluctance of institutions to disclose sensitive data, a comprehensive analysis failed to be accomplished. On the other hand, the author successfully completed studies on a more narrow scale, which facilitated better understanding of issues related to payment instruments in Poland (including costs).

Suggested Citation

  • Jakub Gorka, 2011. "Payment instruments - calculating costs and benefits (Instrumenty platnicze - wycena kosztow i korzysci)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 9(34), pages 165-182.
    • Handle: RePEc:sgm:pzwzuw:v:9:i:34:y:2011:p:165-182
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    File URL: http://pz.wz.uw.edu.pl/sites/default/files/artykuly/pz_4_2011-2_gorka.pdf
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    References listed on IDEAS

    as
    1. Humphrey, David B & Kim, Moshe & Vale, Bent, 2001. "Realizing the Gains from Electronic Payments: Costs, Pricing, and Payment Choice," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(2), pages 216-234, May.
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    3. Hans Brits & Carlo Winder, 2005. "Payments are no free lunch," DNB Occasional Studies 302, Netherlands Central Bank, Research Department.
    4. Anikó Turján & Éva Divéki & Éva Keszy-Harmath & Gergely Kóczán & Kristóf Takács, 2011. "Nothing is free: a survey of the social cost of the main payment instruments in Hungary," MNB Occasional Papers 2011/93, Magyar Nemzeti Bank (Central Bank of Hungary).
    5. Göran Bergendahl & Ted Lindblom, 2007. "Pricing of Payment Services: A Comparative Analysis of Paper-based Banking and Electronic Banking," The Service Industries Journal, Taylor & Francis Journals, vol. 27(6), pages 687-707, September.
    6. Berger, Allen N & Hancock, Diana & Marquardt, Jeffrey C, 1996. "A Framework for Analyzing Efficiency, Risks, Costs, and Innovations in the Payments System," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(4), pages 696-732, November.
    7. repec:zbw:bofrdp:2008_011 is not listed on IDEAS
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