Narrow search
Showing 1 - 10 of 215
Cover Image
Consumer cash withdrawal behaviour : branch networks and online financial innovation
Chen, Heng; Strathearn, Matthew; Voia, Marcel-Christian - 2021 - Last updated: June 17, 2021
Constructing a novel micro-geographic individual-level data set, we study the relevance of shoe-leather costs on cash withdrawals. An unexplored issue in the literature is the consistent estimation of the marginal effect of travel distance on withdrawals when a fraction of unobserved withdrawals...
Persistent link: https://www.econbiz.de/10012546128
Cover Image
Digital payments in firm networks : theory of adoption and quantum algorithm
Priazhkina, Sofia; Palmer, Samuel; Martín-Ramiro, Pablo; … - 2024 - Last updated: May 15, 2024
We build a network formation game of firms with trade flows to study the adoption and usage of a new digital currency as an alternative to correspondent banking. We document endogenous heterogeneity and inefficiency in adoption outcomes and explain why higher usage may correspond to lower...
Persistent link: https://www.econbiz.de/10014562909
Cover Image
Cash in the pocket, cash in the cloud : cash holdings of Bitcoin owners
Balutel, Daniela; Henry, Christopher; Huynh, Kim P.; … - 2022 - Last updated: June 15, 2022
We estimate the effect of Bitcoin ownership on the level of cash holdings of Canadian consumers. Bitcoin ownership … average, Bitcoin owners hold 83 percent (in 2018) to 95 percent (in 2017) more cash than non-owners. Focusing on the quantiles … of cash holdings, we find that Bitcoin ownership has a highly nonlinear effect. For example, the difference in cash …
Persistent link: https://www.econbiz.de/10013256534
Cover Image
Losing contact : the impact of contactless payments on cash usage
Felt, Marie-Hélène - 2020 - Last updated: December 23, 2020
I investigate the impact of contactless credit cards (CTCs) on cash use in Canada, using panel data between 2010 and 2017. I show that ignoring unobserved heterogeneity would lead to overstating the impact of CTCs on cash usage in a linear model. Using finite mixture modelling, I provide...
Persistent link: https://www.econbiz.de/10012404480
Cover Image
Explaining the interplay between merchant acceptance and consumer adoption in two-sided markets for payment methods
Huynh, Kim P.; Nicholls, Gradon; Shcherbakov, Oleksandr - 2019
The market for payment cards is inherently two sided. Consumers benefit from increased merchant acceptance of payment cards and vice versa. To quantify the interdependence of consumer and merchants or network externalities, we construct and estimate a structural two-sided model of a payment...
Persistent link: https://www.econbiz.de/10012058945
Cover Image
Demand for payment services and consumer welfare : the introduction of a central bank digital currency
Huynh, Kim P.; Molnar, Jozsef; Shcherbakov, Oleksandr; … - 2020 - Last updated: March 12, 2020
In recent years, there have been rapid technological innovations in retail payments. Such dramatic changes in the economics of payment systems have led to questions regarding whether there is consumer demand for cash. The entry of these new products and services has resulted in significant...
Persistent link: https://www.econbiz.de/10012178031
Cover Image
Crowdfunding and risk
Cimon, David A. - 2023 - Last updated: May 29, 2023
This paper examines the role of rewards-based and equity-based crowdfunding in funding new businesses. In this model, crowdfunding is a unique technology that serves as a real option for production and eliminates downside risk. It affords entrepreneurs who face uncertain consumer demand a viable...
Persistent link: https://www.econbiz.de/10014287047
Cover Image
The interplay of financial education, financial literacy, financial inclusion and financial stability : any lessons for the current big tech era?
Jonker, Nicole; Kosse, Anneke - 2020 - Last updated: August 13, 2020
The entry of Big Tech firms in the financial ecosystem might affect financial stability through the opportunities and challenges they create for financial inclusion. In this paper we survey the literature to determine the effectiveness of financial education in improving financial literacy and...
Persistent link: https://www.econbiz.de/10012262704
Cover Image
Central bank digital currency and banking: macroeconomic benefits of a cash-like design
Chiu, Jonathan; Davoodalhosseini, Seyed Mohammadreza - 2021 - Last updated: December 17, 2021
Should a central bank digital currency (CBDC) be issued? Should its design be cash- or depositlike? To answer these questions, we theoretically and quantitatively assess the effects of a CBDC on consumption, banking and welfare. Our model introduces new general equilibrium linkages across...
Persistent link: https://www.econbiz.de/10012705082
Cover Image
Predicting the demand for central bank digital currency: a structural analysis with survey data
Li, Jiaqi - 2021 - Last updated: December 20, 2021
This paper predicts households' demand for a central bank digital currency (CBDC) with different design attributes by applying a structural demand model to a unique Canadian survey dataset. CBDC and its close alternatives, cash and demand deposits, are viewed as product bundles of different...
Persistent link: https://www.econbiz.de/10012705097