WorldCat Identities

Schmiedel, Heiko

Overview
Works: 40 works in 97 publications in 1 language and 256 library holdings
Roles: Author
Publication Timeline
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Most widely held works by Heiko Schmiedel
The future of financial markets by David G Mayes( )

1 edition published in 2006 in English and held by 31 WorldCat member libraries worldwide

This book provides a comprehensive review of the prospects for financial markets in the face of rapid technological development and international integration. It offers a revolutionary perspective, exploring the challenges for regulators and demonstrating a network economics approach to explain the failure of e-money to develop
Performance of international securities markets by Heiko Schmiedel( Book )

6 editions published in 2004 in English and held by 28 WorldCat member libraries worldwide

Tiivistelmä
The social and private costs of retail payment instruments : a European perspective by Heiko Schmiedel( Book )

6 editions published in 2012 in English and held by 20 WorldCat member libraries worldwide

Integration of securities market infrastructures in the Euro area by Heiko Schmiedel( Book )

4 editions published in 2005 in English and held by 20 WorldCat member libraries worldwide

The economic impact of the single Euro payments area by Heiko Schmiedel( Book )

3 editions published in 2007 in English and held by 16 WorldCat member libraries worldwide

Is there a single frontier in a single European banking market? by Jaap W. B Bos( Book )

2 editions published in 2006 in English and held by 14 WorldCat member libraries worldwide

Interchange feesin card payments by Ann Börestam( Book )

4 editions published in 2011 in English and held by 13 WorldCat member libraries worldwide

Total factor productivity growth in European stock exchanges : a non-parametric frontier approach by Heiko Schmiedel( Book )

8 editions published in 2002 in English and held by 10 WorldCat member libraries worldwide

Tiivistelmä: Tuottavuuden kasvu Euroopan osakemarkkinoilla
Technology, automation, and productivity of stock exchanges : international evidence by Iftekhar Hasan( Book )

7 editions published in 2002 in English and held by 10 WorldCat member libraries worldwide

Tiivistelmä: Tekniikka, automaatio ja osakepörssien tuottavuus : kansainvälisiä tuloksia
Performance of international securities markets by Heiko Schmiedel( Book )

1 edition published in 2004 in English and held by 9 WorldCat member libraries worldwide

Economies of scale and technological development in securities depository and settlement systems by Heiko Schmiedel( Book )

7 editions published in 2002 in English and held by 8 WorldCat member libraries worldwide

Tiivistelmä: Skaalaedut ja tekninen kehitys arvopaperikaupan rekisteri- ja selvitysjärjestelmissä
Do networks in the stock exchange industry pay off? : European evidence by Iftekhar Hasan( Book )

7 editions published in 2003 in English and held by 8 WorldCat member libraries worldwide

Tiivistelmä: Kannattaako pörssien verkostoituminen?
Performance of international securities markets by Heiko Schmiedel( Book )

5 editions published in 2004 in English and held by 8 WorldCat member libraries worldwide

Convergence in European retail payments by Emmi Martikainen( )

2 editions published in 2013 in English and held by 5 WorldCat member libraries worldwide

Technological development and concentration of stock exchanges in Europe by Heiko Schmiedel( Book )

4 editions published in 2001 in English and held by 5 WorldCat member libraries worldwide

This paper provides an explanation of technical inefficiencies of financial exchanges in Europe as well as an empirical analysis of their existence and extent. A single-stage stochastic cost frontier approach is employed, which generates exchange inefficiency scores based on a unique unbalanced panel data set for all major European financial exchanges over the period 1985-1999. Overall cost inefficiency scores reveal that European exchanges operate at 20-25% above the efficiency benchmark. The results also affirm that size of exchange; market concentration and quality; structural reorganisations of exchange governance; diversification in trading service activities; and adoption of automated trading systems significantly influence the efficient provision of trading services in Europe. Over the sample period, European exchanges notably improved their ability to efficiently manage their production and input resources
Growth strategies and value creation : what works best for stock exchanges? by Iftekhar Hasan( )

2 editions published in 2010 in English and held by 5 WorldCat member libraries worldwide

In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders' value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses to the formation of 110 M&As and alliances all over the world spanning the period 2000-2008. Our findings show that the average stock price responses for M&As and alliances are positive. M&As create more value than alliances. For alliances, joint ventures generate more value than non-equity alliances. More value accrues when the integration is horizontal (cross-border) than when it is vertical (domestic). Additionally, there is evidence of learning-by-doing effects in stock exchange integration activities. Finally, we find that the better the shareholder protection, accounting standards and capital market development in the partner exchange's country, the higher the merger and alliance premium for our sample exchange. These patterns are consistent when we examine the exchanges' long-run performance. - Exchanges ; mergers and acquisitions ; strategic alliances ; joint ventures ; network organization
Interchange fees in card payments( )

1 edition published in 2011 in English and held by 5 WorldCat member libraries worldwide

Return from retail banking and payments by Iftekhar Hasan( )

2 editions published in 2010 in English and held by 4 WorldCat member libraries worldwide

The European banking industry joined forces to achieve a fully integrated market for retail payment services in the euro area: the Single Euro Payments Area (SEPA). Against this background, the present paper examines the fundamental relationship between retail payment business and overall bank performance. Using data from across 27 European markets over the period 2000-2007, we analyse whether the provisions of retail payment services are reflected in improved bank performance, using accounting ratios and efficiency measures. The results confirm that banks perform better in countries where the retail payment service markets are more highly developed, and the relationship is stronger in countries with a relatively high adoption of retail payment transaction technologies. Retail payment transaction technology can itself also improve bank performance, and statistical evidence shows that heterogeneity in retail payment instruments is associated with enhanced bank performance. Similarly, a higher usage of electronic retail payment instruments seems to stimulate banking business. We also show that retail payment services have a more significant impact on savings and cooperative bank performance, although they do also have a positive influence on the performance of commercial banks. Additionally, our findings reveal that the impact of retail services on bank performance is dominated by fee income. Finally, an effective payment service market is found to be associated with higher bank stability. Our findings are robust to different regression specifications. The results may also be informative for the industry when reconsidering its business models in the light of current financial market developments
Consumer credit and payment cards by Wilko Bolt( )

2 editions published in 2011 in English and held by 4 WorldCat member libraries worldwide

We consider debit and credit card networks. Our contribution is to introduce the role of consumer credit into these payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which overdrafts are associated with current accounts and debit cards, and larger credit lines with 'grace' periods are associated with credit cards. If we just introduce credit cards, we find their merchant fees depend not only on the networks' cost of funds and the probability of default, but also on the interest rates of overdrafts. Whilst debit card merchant fees do not depend on funding costs or default risk in a debit-card only world, this changes when they start to compete with credit cards. First, debit merchant acceptance increases with the default probability, even though merchant fees increase. Second, an increase in funding costs causes a surprising increase in debit merchant fees. Effectively, the bank offering the debit card benefits from consumers maintaining a positive current account balance, when they use their credit instead of their debit card. As a result, this complementarity may lead to relatively high debit card merchant fees as the bank discourages debit card acceptance at the margin. - Payment pricing ; Card competition ; Consumer credit ; Complementarity
Return to retail banking and payments by Iftekhar Hasan( )

1 edition published in 2009 in English and held by 4 WorldCat member libraries worldwide

The European banking industry joined forces to achieve a fully integrated market for retail payment services in the euro area: the Single Euro Payments Area (SEPA). Against this background, the present paper examines the fundamental relationship between retail payment business and overall bank performance. Using data from across 27 European markets over the period 2000-07, we analyse whether the provisions of retail payment services are reflected in improved bank performance, using accounting ratios and efficiency measures. The results confirm that the performance of banks in countries with more developed retail payment service markets is better. This relationship is stronger in countries with a relatively high adoption of retail payment transaction technologies. Retail payment transaction technology itself can also improve bank performance, and evidence shows that heterogeneity in retail payment instruments is associated with enhanced bank performance. Similarly, a higher usage of electronic retail payment instruments seems to stimulate banking business. We also show that retail payment services have a more significant impact on savings and cooperative bank performance although they have a positive influence on the performance of commercial banks. Additionally, findings reveal that impact of retail services on bank performance is dominated by fee income. Finally, an effective payment service market is found to be associated with higher bank stability. Our findings are robust to different regression specifications. The results may also be informative for the industry when reconsidering its business models in the light of current financial market developments. - Retail payment ; bank performance ; cost and profit efficiency
 
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English (75)