In the United States prior to 1863 each bank issued its own distinct notes. E-money shares many of the characteristics … of these bank notes. This paper describes some lessons relevant to e-money from the U.S. experience with state bank notes …. It examines historical evidence on how well the bank notes - a privately-issued currency system with multiple issuers …

bank issued its own notes. E-money shares many of the characteristics of these bank notes. This paper describes some … lessons relevant to e-money from the U.S. experience with national bank notes. It examines historical evidence on how well the … bank notes - a privately-issued currency system with multiple issuers - functioned with respect to ease of transacting …

bank issued its own notes. E-money shares many of the characteristics of these bank notes. This paper describes some … lessons relevant to e money from the U.S. experience with national bank notes. It examines historical evidence on how well the … bank notes—a privately issued currency system with multiple issuers—functioned with respect to ease of transacting …

In the United States prior to 1863, each bank issued its own distinct notes. E-money shares many of the characteristics … of these bank notes. This paper describes some lessons relevant to e-money from the U.S. experience with state bank notes …. It examines historical evidence on how well the bank notes—a privately issued currency system with multiple issuers …

. While the demise of cash is not imminent, it is important for the central bank to continue to evaluate its potential roles … 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 …

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 …

What makes e-money more special than cash? Is the introduction of e-money necessarily welfare enhancing? Is an e … welfare in a cash economy. A model that features both trading frictions and two-sided platforms is then built and used to …-money depends critically on whether cash is a viable alternative to e-money as a means of payment. When it is not (e.g., for online …

. 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 formulate a simple inventory model that predicts that the level of … cash demand falls with an increase in card acceptance. We use detailed payment diary data from Austrian and Canadian …

. 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 formulate a simple inventory model that predicts that the level of … cash demand falls with an increase in card acceptance. We use detailed payment diary data from Austrian and Canadian …

innovations on cash usage. We estimate a semiparametric panel data modelthat accounts for unobserved heterogeneity and allows for … general forms of non-random attrition. We use annual data from the CFM on the methods of payment and cash usage for the period … 2010–12. Estimates based on cross-sectional methods find a large impact of retail payment on cash usage (around 10 percent …