Competition and Efficiency in Payment and Security Settlement Systems (1627)

13/10/2005 - 14/10/2005, Helsinki

Payments and securities settlement systems are currently undergoing a rapid transformation, partly because of technological change (electronization), partly because of consolidation, especially in Europe where the aim is to replace the current fragmented payment and settlement systems with a more unified structure. These developments promise great efficiency gains but may also pose serious regulatory challenges. Recent developments in the economics of networks and two-sided markets have provided new and promising tools for the study of problems in this field. The objective of this conference is to provide a forum for new theoretical and empirical research on the economics of payment and settlement systems, especially from the efficiency and regulatory points of view.