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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

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

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

Privacy as a public good : a case for electronic cash

Garratt, Rod; Oordt, Maarten R. C. van - 2019

Privacy is a feature inherent to the use of cash for payments. With steadily increasing market shares of commercial digital payments platforms, privacy in payments may no longer be attainable in the future. In this paper, we explore the potential welfare impact of reductions in privacy in...

Persistent link: https://www.econbiz.de/10012033853

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

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

CBDC: banking and anonymity

Cheng, Yuteng; Izumi, Ryuichiro - 2024 - Last updated: March 22, 2024

We examine the optimal amount of user anonymity in a central bank digital currency (CBDC) in the context of bank lending. Anonymity, defined as the lender's inability to discern an entrepreneur's actions that enable fund diversion, influences the choice of payment instrument due to its impact on...

Persistent link: https://www.econbiz.de/10014512430

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

Payments on digital platforms : resiliency, interoperability and welfare

Chiu, Jonathan; Wong, Tsz-Nga - 2021 - Last updated: April 22, 2021

Digital platforms, such as Alibaba and Amazon, operate an online marketplace to facilitate transactions. This paper studies a platform's business model choice between accepting cash and issuing tokens, as well as the implications for welfare, resiliency, and interoperability. A cash platform...

Persistent link: https://www.econbiz.de/10012503511

Private digital cryptoassets as investment? : Bitcoin ownership and use in Canada, 2016-2021

Balutel, Daniela; Engert, Walter; Henry, Christopher; … - 2022 - Last updated: October 12, 2022

This report studies the dynamics of Bitcoin awareness and ownership from 2016 to 2021, using the Bank of Canada …'s Bitcoin Omnibus Surveys (BTCOS). In 2021, Canadians' awareness of Bitcoin remained stable at about 90%, while ownership … increased to 13% from the 5% observed in 2018-2020. Canadian Bitcoin owners in 2021 were more likely to be male, aged 18 to 34 …

Persistent link: https://www.econbiz.de/10013419232