Impact of the single euro payment area on performance of banking sector

Todorović, Violeta; Sedlarević, Lazar; Tomić, Nenad

doi:10.5937/industrija45-12571

Cited by 2 publications

(1 citation statement)

References 6 publications

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“…Regarding the rules on charges for cross-border payments in euro, the principle of equal charges applies for: credit transfers, direct debits, withdrawals at cash dispensers (ATMs), payments by debit and credit cards, and money remittance. The most popular and most used payment instruments are credit transfers, direct debits, and credit cards [15][16][17][18][19].…”

Section: Cross-border Paymentsmentioning

confidence: 99%

Approaching Monetary Integration in the Context of the Imperative to Ensure the Sustainable Growth in the EU

2020

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Sustainable economic growth is an essential objective at the European Union level. The purpose of this paper is to investigate the impact of monetary integration on economic growth, assuming that the introduction of the euro significantly stimulated the process of European financial integration. We used a fixed-effects methodology for panel data for the EU 28 countries for the period 2004–2018. We find that the main factors through which monetary integration contributessignificantly and positively to economic growth areeconomic growth Single Euro Payments Area (SEPA)cards, trade, monetary freedom, convergence of interest rates, convergence of exchange rates and cross-border holdings of short-term debt, with significant differences between Eurozone and non-euro countries, which confirms the hypothesis that the introduction of the euro had a significant impact on economic and financial integration.

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Section: Cross-border Paymentsmentioning

confidence: 99%