文章基本信息

标题：The Laws and Economics of Payment Systems
本地全文：下载
作者：Hiromi Yamaoka ; Akihiko Watanabe ; Chiharu Takeuchi 等
期刊名称：Bank of Japan Review
出版年度：2016
卷号：2016
出版社：Bank of Japan
摘要：The analytical framework of laws and economics cannot be all-encompassing since the purpose of laws and regulations is not always limited to efficiency and welfare maximization, which are suitable for traditional economic analyses, but also extends to justice, fairness, and equality. Nonetheless, in payment activities the interests of economic entities lie mainly in transferring funds safely and efficiently. Namely, the entities want to send or receive funds faster and with lower costs and risks. Since these purposes of payment activities can be illustrated in economic terms as efficiency and risks, laws and economics may offer useful analytical tools in designing payment systems