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Czasopismo
2016 | 12 | nr 2 | 60--73
Tytuł artykułu

The Development of Payment Services as an Example of Disintermediation in the Financial System

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The reasons for disintermediation in the financial systems can be found on both sides of supply and demand. This progressing phenomenon is a result of numerous changes in the post-crisis financial sector landscape. In this article, the authors analyse the underlying causes of the shift away from formal financial institutions in the area of financial services as well as present the Polish payment services market as an example of banks' receding role in the traditional intermediation between market players. (original abstract)
Czasopismo
Rocznik
Tom
12
Numer
Strony
60--73
Opis fizyczny
Twórcy
  • Warsaw School of Economics, Poland
  • Warsaw School of Economics, Poland
Bibliografia
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  • Degryse, H., Van Cayseele, P. (2000). Relationship Lending within a Bank-Based System: Evidence from European Small Business Data. Journal of Financial Intermediation, Volume 9, Issue 1, January.
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  • Euromonitor (2015). Report on the Internet Retailing in Poland. Retrieved from: http://www.euromonitor.com/internet-retailing-in-poland/report.
  • European Commission (2000). Directive 2000/46/EC of the European Parliament and of the Council of 18 September 2000 on the taking up, pursuit of and prudential supervision of the business of electronic money institutions. Retrieved from: http://eur- lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:32000L0046:EN:HTML.
  • European Commission (2007). Directive 2007/64/EC of the European Parliament and of the Council of 13 November 2007 on payment services in the internal market. Retrieved from: http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/? uri=CELEX:32007L0064&from=EN.
  • European Parliament (2012). Regulation (EU) No 260/2012 of the European Parliament and of the Council of 14 March 2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009. Retrieved from: http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:0 94:0022:0037:en:PD.
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  • Schmidt, R.H., Hackethal, A., Tyrell, M. (1999). Disintermediation and the Role of Banks in Europe: An International Comparison. Journal of Financial Intermediation, January, Vol.8(1-2).
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  • Szilagyi, P.G., Batten, J.A, Fetherston, T.A. (2003). Disintermediaton and the Development of Bond Markets in Emerging Europe. International Journal of the Economics of Business, Vol. 10(1).
  • The Polish Bank Associaton (2015). Bankowość internetowa i płatności bezgotówkowe II kwartał 2015 r., Report of The Polish Bank Associaton, Warsaw.
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  • Werner, M., Cheng, H., Qiu, W. (2013). Disintermediaton of the Banks: Reshaping China's. Economy & Monetary Policy, Bernstein Black Book.
  • Zhao, L. (2011). On Applicaton of Financial Disintermediaton in CRM of our Commercial Banks. Paper presented at the 2nd International Conference on Artificial Intelligence, Management Science and Electronic Commerce.^
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171472854

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