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Understanding the nature of credit risk has important implications for financial stability. Since authorities notably, central banks focus on risks that have systemic implications, it is crucial to develop ways to measure these risks. The difficulty lies in finding reliable measures of aggregate...
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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 -...
Persistent link: https://www.econbiz.de/10010849952
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 explain the use of payment instruments by transaction size....
Persistent link: https://www.econbiz.de/10010849960
demand for bank notes, and the central bank’s balance sheet and its seigniorage revenue, which as a result might affect the … central bank’s ability to implement and conduct monetary policy and to promote financial stability. Other public policy issues …. While the demise of cash is not imminent, it is important for the central bank to continue to evaluate its potential roles …
Persistent link: https://www.econbiz.de/10010849977
The use of payment cards, either debit or credit, is becoming more and more widespread in developed economies. 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...
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The authors present key insights from the Bank of Canada’s 2009 Methods-of-Payment survey. In the survey, about 6 …
Persistent link: https://www.econbiz.de/10009653924