What makes e-money more special than cash? Is the introduction of e-money necessarily welfare enhancing? Is an e … welfare in a cash economy. A model that features both trading frictions and two-sided platforms is then built and used to …-money depends critically on whether cash is a viable alternative to e-money as a means of payment. When it is not (e.g., for online …

. Nevertheless, the use of cash remains significant. We hypothesize that the lack of card acceptance at the point of sale is a key … reason why cash continues to play an important role. We formulate a simple inventory model that predicts that the level of … cash demand falls with an increase in card acceptance. We use detailed payment diary data from Austrian and Canadian …

The authors review recent developments in retail payments in Canada and elsewhere, with a focus on e-money products …. While the demise of cash is not imminent, it is important for the central bank to continue to evaluate its potential roles …

' use of cash relative to debit and credit cards. The authors find that consumers who perceive debit cards and credit cards … to be more convenient and less risky than cash use them more frequently. Even at low levels of perceived risk, consumers … shift substantially away from cash and towards alternative payment methods. However, the authors' results reveal that there …

The authors present the methodology and main findings of the Bank of Canada’s 2009 Methods-of-Payment survey, a … detailed investigation of consumer payment behaviour in Canada. The survey targeted the 18- to 75-year-old Canadian resident …, recording close to 16,000 shopping transactions. The survey gives a detailed account of Canadians’ cash management habits and …

We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys … were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the … United States). Our paper finds cross-country differences - for example, the level of cash usage differs across countries …

simulations show that these two factors are significant determinants of the high shares of low-value cash payments in Canada …Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper … develops a simulation model to test whether standard implications of the theory on cash management and payment choices can …