The evolution of payments in Europe, Japan, and the U.S. : lessons for emerging market economies (Английский)

Some payment arrangements are more efficient in promoting economic growth in a market-based economy. The payment experience of industrial countries is diverse enough to identify those payment arrangements that provide the infrastructure for sustained growth and the emergence of market-based enterprise. Based on the historical experiences of Europe, Japan, and the United States, a number of Country attributes have led to the intensive use of different...
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