need for monitoring spending and budgets. We demonstrate that both cash and the debit card are perceived as helpful in this … card more useful for monitoring their household finances than cash. Individuals differ in major respects, however. In … particular, low earners and the liquidity-constrained prefer cash as a monitoring and budgeting tool. Finally, we present …

In this paper we provide a general equilibrium model that helps explaining payment choice at the retail level: cash …

charged to the merchants, who may be reluctant to accept cards and induce the cardholder to withdraw cash. In this paper, we … empirically verify for the first time the effect of the interchange fee on the decision to withdraw cash and compare it with that … there is a positive correlation between the cash usage and the level of the interchange fees. Accordingly, regulation of the …

new substitutes for cash usage, U.S. per capita currency holdings now amount to $2700. American households and businesses …

is paid to the introduction of the new European single currency. The overall trend in payments is for a move from cash to … non-cash payment instruments, although electronic instruments are not widely used yet. We find a significant impact from …

In this paper we develop a model where agents can acquire goods using cash and two non-cash alternatives. We use it to … other means of payments (cash and cards) and leads to a fast switch towards cheaper electronic transactions. Our analysis …