Scientific Monographs, Bank of Finland
No E:38/2006:
Automated Teller Machine network market structure and cash usage
Heli Snellman ()
Abstract: This study discusses the effects of the Automated Teller
Machine (ATM) network market structure on the availability of cash
withdrawal ATM services and cash usage. The aim and novelty of the study is
to construct the ATM equation. The study also contributes to the earlier
discussion on the effects of ATMs on cash usage. The monopolisation of ATM
network market structure and its effects on the number of ATMs and on cash
in circulation are analysed both theoretically and empirically. The unique
annual data set on 20 countries used in the estimations has been combined
from various data sources. The observation period is 1988–2003, but the
data on some countries are available only for a shorter period. Based on
our theoretical discussion, as well as the estimation results,
monopolisation of the ATM network market structure is associated with a
smaller number of ATMs. Furthermore, the influence of the number of ATMs on
cash in circulation is ambiguous.
Keywords: ATM; ATM network; monopolisation; demand for cash; (follow links to similar papers)
JEL-Codes: C11; C33; E41; G21; (follow links to similar papers)
110 pages, July 28, 2006
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