The Relationship Between the Output Gap and Excess Liquidity: Evidence from Czech Republic, Estonia and Kosovo
Aim/purpose - The purpose of the paper is to identify the main areas of customers' threats concerning using financial services and the in-depth review of European industry- -specific consumer regulations concerning current accounts and payments. Design/methodology/approach - Desk research inclu...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2018-03-01
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| Series: | Journal of Economics and Management |
| Subjects: | |
| Online Access: | https://www.ue.katowice.pl/fileadmin/user_upload/wydawnictwo/JEM_Artyku%C5%82y_31_60/JEM_31/05.pdf |
| _version_ | 1818349996273041408 |
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| author | Albulenë Kastrati Nick Adnett Valentin Toçi |
| author_facet | Albulenë Kastrati Nick Adnett Valentin Toçi |
| author_sort | Albulenë Kastrati |
| collection | DOAJ |
| description | Aim/purpose - The purpose of the paper is to identify the main areas of customers' threats concerning using financial services and the in-depth review of European industry- -specific consumer regulations concerning current accounts and payments. Design/methodology/approach - Desk research including in-depth analysis of industry- specific consumer regulations referring to current accounts and payment services having the character of EU directives and regulations, European Commission reports, and documents. Findings - The paper shows that consumers' interests are threatened even when they use basic financial services as current account and combined payment instruments. The analysis based on of desk resources has revealed that the regulations give effect to customer protection only if they strictly correspond to defined areas of threats and particular types of risks. Research implications/limitations - The experience of the recent financial crisis proved that the asymmetry of knowledge and information was one of the crucial reasons disrupting customers' position on financial markets. Research findings will help to identify gaps in regulations and develop the quality of further initiatives aimed on informing customers about the implementation of regulations and improving their financial literacy level. Originality/value/contribution - The payment products are rarely discussed in the literature in the context of consumers' protection and financial regulations. This paper contributes to the debate by providing an overview of financial consumer protection issues concerning retail payments.(original abstract) |
| first_indexed | 2024-12-13T18:14:49Z |
| format | Article |
| id | doaj.art-506590a155704ad08e507d648a4364d4 |
| institution | Directory Open Access Journal |
| issn | 1732-1948 |
| language | English |
| last_indexed | 2024-12-13T18:14:49Z |
| publishDate | 2018-03-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Journal of Economics and Management |
| spelling | doaj.art-506590a155704ad08e507d648a4364d42022-12-21T23:35:52ZengSciendoJournal of Economics and Management1732-19482018-03-01319511810.22367/jem.2018.31.05The Relationship Between the Output Gap and Excess Liquidity: Evidence from Czech Republic, Estonia and KosovoAlbulenë Kastrati0Nick Adnett1Valentin Toçi2Economics Faculty AAB College, Prishtina, KosovoSchool of Business, Leadership and Economics Staffordshire University, Stoke-on-Trent, UKEconomics Faculty University of Prishtina, Prishtina, KosovoAim/purpose - The purpose of the paper is to identify the main areas of customers' threats concerning using financial services and the in-depth review of European industry- -specific consumer regulations concerning current accounts and payments. Design/methodology/approach - Desk research including in-depth analysis of industry- specific consumer regulations referring to current accounts and payment services having the character of EU directives and regulations, European Commission reports, and documents. Findings - The paper shows that consumers' interests are threatened even when they use basic financial services as current account and combined payment instruments. The analysis based on of desk resources has revealed that the regulations give effect to customer protection only if they strictly correspond to defined areas of threats and particular types of risks. Research implications/limitations - The experience of the recent financial crisis proved that the asymmetry of knowledge and information was one of the crucial reasons disrupting customers' position on financial markets. Research findings will help to identify gaps in regulations and develop the quality of further initiatives aimed on informing customers about the implementation of regulations and improving their financial literacy level. Originality/value/contribution - The payment products are rarely discussed in the literature in the context of consumers' protection and financial regulations. This paper contributes to the debate by providing an overview of financial consumer protection issues concerning retail payments.(original abstract)https://www.ue.katowice.pl/fileadmin/user_upload/wydawnictwo/JEM_Artyku%C5%82y_31_60/JEM_31/05.pdfDemand gapFinancial liquidityResearch results |
| spellingShingle | Albulenë Kastrati Nick Adnett Valentin Toçi The Relationship Between the Output Gap and Excess Liquidity: Evidence from Czech Republic, Estonia and Kosovo Journal of Economics and Management Demand gap Financial liquidity Research results |
| title | The Relationship Between the Output Gap and Excess Liquidity: Evidence from Czech Republic, Estonia and Kosovo |
| title_full | The Relationship Between the Output Gap and Excess Liquidity: Evidence from Czech Republic, Estonia and Kosovo |
| title_fullStr | The Relationship Between the Output Gap and Excess Liquidity: Evidence from Czech Republic, Estonia and Kosovo |
| title_full_unstemmed | The Relationship Between the Output Gap and Excess Liquidity: Evidence from Czech Republic, Estonia and Kosovo |
| title_short | The Relationship Between the Output Gap and Excess Liquidity: Evidence from Czech Republic, Estonia and Kosovo |
| title_sort | relationship between the output gap and excess liquidity evidence from czech republic estonia and kosovo |
| topic | Demand gap Financial liquidity Research results |
| url | https://www.ue.katowice.pl/fileadmin/user_upload/wydawnictwo/JEM_Artyku%C5%82y_31_60/JEM_31/05.pdf |
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