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Payments are a key focus of central banks, as - together with the safe, efficient operation of the payments market … approaches to investigate consumer payments choices, and the results from most models showed that those with higher level of … transactions tend to keep less cash in their wallet, while those who indicated preference for cash payments or higher importance of …
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value payments systems. …
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We investigate the role of settlement in a dynamic model of a payment system where the ability of participants to perform certain welfare-improving transactions is subject to random and unobservable shocks. In the absence of settlement, the full information first-best allocation cannot be...
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Germans are still very fond of using cash. Of all direct payment transactions, cash accounts for an astounding 82% in terms of number, and for 58% in terms of value. With a new and unique dataset that combines transaction information with survey data on payment behaviour of German consumers, we...
Persistent link: https://www.econbiz.de/10003969563
processing and storage will conduct a larger percentage of their payments using cash, hold fewer non-cash payment instruments …
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