دانلود مقاله ISI انگلیسی شماره 49366
ترجمه فارسی عنوان مقاله

سیستم های پرداخت، پول داخلی و واسطه گری مالی

عنوان انگلیسی
Payment systems, inside money and financial intermediation
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
49366 2012 24 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Financial Intermediation, Volume 21, Issue 3, July 2012, Pages 359–382

ترجمه کلمات کلیدی
سیستم های پرداخت؛ تقاضای پول - تامین اعتبار
کلمات کلیدی انگلیسی
Payment systems; Money demand; Credit supply
پیش نمایش مقاله
پیش نمایش مقاله  سیستم های پرداخت، پول داخلی و واسطه گری مالی

چکیده انگلیسی

This paper assesses the impact of introducing an efficient payment system on the amount of credit provided by the banking system. Using payment system reforms in Eastern European countries over the 1995–2005 period as a natural experiment, we find evidence that payments reforms were an important precondition for the credit boom observed in our sample countries. We also find that payment system reforms led to a shift away from cash (outside money) and towards demand deposits (inside money) as a medium of exchange and that this in turn enabled an expansion of credit in the sample countries. These findings have important implications for our understanding of financial intermediation, highlighting the nexus between banks’ role as providers of payment services and as providers of credit.