TY - JOUR A1 - Krüger, Malte T1 - Multilateral interchange fees: Don’t throw the baby out with the bathwater JF - Journal of Payments Strategy & Systems N2 - When it comes to multilateral interchange fees (MIFs), the regulatory authorities are demonstrably inconsistent. At the same time as (erroneously) treating them like conventional cartel prices, they have also mandated an upper ceiling for them — effectively legitimising the concept. As this paper demonstrates, classifying MIFs with standard cartel pricing is a categorical error. A capped MIF is simply one ingredient of a well-functioning card payment system. Indeed, without MIFs, payments markets suffer free-rider problems and high transaction costs. To illustrate how MIFs curtail the tendency of prices to move upward, the paper examines the German ATM system before 2011. Finally, the paper argues that the current regulatory approach may lead to the demise of those European card schemes that are currently under pressure from MasterCard and Visa. KW - multilateral interchange fees, card payment systems, competition policy, European card scheme, two-sided markets, interchange fee regulation KW - Kreditkartengeschäft Y1 - 2019 VL - 13 IS - 2 SP - 138 EP - 150 ER - TY - CHAP A1 - Krüger, Malte A1 - Leibold, Kay ED - Seese, Detlef ED - Weinhardt, Christof ED - Schlottmann, Frank T1 - Internet Payments in Germany T2 - Handbook on Information Technology in Finance KW - Elektronischer Zahlungsverkehr Y1 - 2008 SP - 239 EP - 256 PB - Springer ER - TY - CHAP A1 - Krüger, Malte ED - Pringle, Robert ED - Robinson, Matthew T1 - E-money regulation in the EU T2 - E-Money and Payment Systems Review KW - Elektronischer Zahlungsverkehr Y1 - 2002 SP - 239 EP - 251 PB - Centralbanking CY - London ER - TY - JOUR A1 - Krüger, Malte ED - Fox, Mark A. T1 - Offshore e-money issuers and monetary policy JF - First Monday, Special Issue #3: Internet banking, e-money, and Internet gift economies KW - Elektronischer Zahlungsverkehr Y1 - 2005 N1 - Wiederabdruck mit neuer Einleitung VL - 2005 IS - 3 SP - 1 EP - 1 ER - TY - CHAP A1 - Dluhosch, Barbara A1 - Krüger, Malte ED - Leube, Kurt R. T1 - The Marshall Plan as a development push : a cautionary tale from Germany T2 - Vordenker einer neuen Wirtschaftspolitik : Wirtschaftsordnung, Marktwirtschaft und Ideengeschichte ; Festschrift für Christian Watrin T2 - The international library of Austrian economics, Band 5 KW - Marshall-Plan Y1 - 2000 SP - 55 EP - 69 PB - FAZ-Book CY - Frankfurt/Main ER - TY - CHAP A1 - Krüger, Malte ED - Ketterer, Karl-Heinz ED - Stroborn, Karsten T1 - Die Bedeutung mobiler Zahlungsformen BT - Zahlungsverkehr im Internet: Systeme, Trends und Perspektiven T2 - Handbuch e-Payments KW - Elektronischer Zahlungsverkehr Y1 - 2001 SP - 363 EP - 373 PB - Deutscher Wirtschaftsdienst CY - Köln ER - TY - CHAP A1 - van Baal, Sebastian A1 - Krüger, Malte A1 - Hinrichs, Jens-Werner ED - van Baal, Sebastian ED - Hudetz, Kai T1 - Bedeutung, Rahmenbedingungen und Instrumente des Risikomanagements im E-Commerce T2 - Risikomanagement im E-Commerce KW - Electronic Commerce KW - Risikomanagement Y1 - 2008 SP - 15 EP - 49 PB - Deutscher Betriebswirte-Verlag CY - Berlin ER - TY - CHAP A1 - Krüger, Malte A1 - Leibold, Kay ED - Lammer, Thomas T1 - Internet-Zahlungen aus der Sicht der Verbraucher T2 - Handbuch E-Money, E-Payment & M-Payment KW - Elektronischer Zahlungsverkehr Y1 - 2005 SP - 307 EP - 324 PB - Physica-Verlag CY - Heidelberg ER - TY - CHAP A1 - Krüger, Malte ED - Beer, Christian ED - Gnan, Ernest ED - Birchler, Urs W. T1 - Pros and cons of cash: the state of the debate T2 - Cash on Trial, SUERF Conference Proceedings 2016/1 KW - Bargeld Y1 - 2016 SN - 978-3-902109-79-8 SP - 45 EP - 67 ER - TY - CHAP A1 - Krüger, Malte ED - Górka, Jakub T1 - Mobile payments: the second wave T2 - Transforming payment systems in Europe : Palgrave Macmillan studies in banking and financial institutions KW - Elektronischer Zahlungsverkehr Y1 - 2016 SP - 214 EP - 235 ER - TY - CHAP A1 - Krüger, Malte ED - Crowley, Patrick M. T1 - Some Canadian Lessons for EMU T2 - Before and Beyond EMU : historical lessons and future prospects KW - Geldpolitik Y1 - 2002 SP - 146 EP - 156 PB - Routledge CY - London, New York ER - TY - BOOK A1 - Anyu, Li A1 - Krüger, Malte A1 - Micklitz, Hans-Wolfgang A1 - Mingke, He A1 - Musi, Ala A1 - Purnhagen, Kai A1 - Spindler, Gerald A1 - Thorun, Christian ED - Deutsche Gesellschaft für Internationale Zusammenarbeit, ED - Department of Market Regulation, State Administration for Industry and Commerce of the People's Republic of China (SAIC), ED - China Society of Administration for Industry & Commerce (CSAIC), T1 - E-Commerce in China and Germany : a Sino-German comparative analysis KW - Electronic Commerce KW - China KW - Deutschland Y1 - 2012 SN - 978-3-406-63016-3 PB - Beck CY - München ER - TY - CHAP A1 - Krüger, Malte A1 - Seitz, Franz ED - Deutsche Bundesbank, T1 - The Blessing of Cash T2 - War on Cash: Is there a Future for Cash?, International Cash Conference 25 - 27 April 2017, Island of Mainau, Germany KW - Bargeldloser Zahlungsverkehr Y1 - 2017 SP - 742 EP - 789 ER - TY - CHAP A1 - Watrin, Christian A1 - Krüger, Malte ED - Hax, Herbert T1 - The shift from a net capital exporter to a net capital importer - the case of Germany T2 - Economic transformation in Eastern Europe and East Asia : a challenge for Japan and Germany KW - Kapitalmarkt KW - Auslandskapital Y1 - 1995 SP - 35 EP - 43 PB - Springer CY - Berlin, Heidelberg, New York ER - TY - CHAP A1 - Krüger, Malte ED - Michler, Albrecht F. ED - Assenmacher-Wesche, Katrin T1 - Geldnachfragedefekte und die Second Economy BT - Analyse und Vergleich geldpolitischer Strategien T2 - Systeme monetärer Steuerung KW - Geldpolitik KW - Bargeld Y1 - 2007 SP - 117 EP - 138 PB - De Gruyter CY - Berlin ER - TY - CHAP A1 - Krüger, Malte T1 - Convergence between banking and telecommunications sectors BT - report to the European Parliament, Committee on Industry, External Trade, Research and Energy (ITRE) T2 - Future bottlenecks in the information society KW - Kreditwesen KW - Telekommunikationsmarkt Y1 - 2001 VL - 2001 ER - TY - CHAP A1 - Freytag, Andreas A1 - Krüger, Malte ED - Cramer, Jörg E. ED - Thießen, Friedrich T1 - Currency Boards T2 - Knapps Enzyklopädisches Lexikon des Geld-, Bank- und Börsenwesens KW - Geldpolitik KW - Wechselkurspolitik Y1 - 1999 SP - 340 EP - 343 PB - Knapp CY - Frankfurt am Main ER -