Source: The Federal Reserve Bank of Kansas City
To what extent do existing models of interchange fees match up with actual interchange fee practices in various countries, ask Fumiko Hayaski and Stuart E. Weiner of the Federal Reserve Bank of Kansas City.
The document examines the differential market impact of interchange fees in Australia, the UK and US.
The results suggest that a theory applicable in one country may not be applicable in another and that similar interchange fee arrangements and regulations may well have different implications in different countries.
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