Standard transaction cost arguments can only partially explain why the share of cash transactions is still high in many … distinctive feature of cash – a glance into one's pocket provides a signal for both the remaining budget as well as the level of … past expenses. We propose a theoretical framework which incorporates this feature of cash, and derives implications not …

We measure consumers' use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys … United States). Our paper finds cross-country differences – for example, the level of cash usage differs across countries …. Cash has not disappeared as a payment instrument, especially for low-value transactions. We also find that the use of cash …

Germans are still very fond of using cash. Of all direct payment transactions, cash accounts for an astounding 82% in … cash remains so important. We propose a two-stage empirical framework which jointly explains credit card ownership and the … use of cash. Our results indicate that the pattern of cash usage is compatible with systematic economic decision making …

from cash to credit. In the 21st century, consumers get cash from bank and non-bank sources with heterogeneous transactions …U.S. consumers' demand for cash is estimated with new panel micro data for 2008-2010 using econometric methodology … zero, cash demand by consumers using credit cards for convenience (without revolving debt) has the same small negative …

We study the macroeconomic effects of central bank digital currency (CBDC) in a dynamic general equilibrium model …. Timing and information frictions create a need for inside (bank deposits) and outside money (CBDC) to finance production. To … steer the quantity of CBDC, the central bank can set the lending and deposit rates for CBDC as well as collateral and …

broadly echoes policy makers' concerns about bank disintermediation and financial stability risks, it also provides conditions …

market that explicitly accounts for the means-of-exchange function of bank deposits and CBDC into a New Keynesian model with … financial frictions. The central bank influences the store-of-value function of money through a conventional Taylor rule while … time however, the provision of CBDC helps smooth responses to macroeconomic shocks. By supplying CBDC, the central bank …

broadly echoes policy makers’ concerns about bank disintermediation and financial stability risks, it also provides conditions …

market that explicitly accounts for the means-of-exchange function of bank deposits and CBDC into a New Keynesian model with … financial frictions. The central bank influences the store-of-value function of money through a conventional Taylor rule while … time however, the provision of CBDC helps smooth responses to macroeconomic shocks. By supplying CBDC, the central bank …

Germans are still very fond of using cash. Of all direct payment transactions, cash accounts for an astounding 82% in … cash remains so important. We propose a two-stage empirical framework which jointly explains credit card ownership and the … use of cash. Our results indicate that the pattern of cash usage is compatible with systematic economic decision making …