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likely to do so since it broke out. On the other hand, the consumers who had mostly been paying in cash have often continued … growth of cashless payment usage. The divide between those who pay in cash and those who do not, therefore, seems to have … of factors differentiating usage of cash and the cashless instrument is needed …
Persistent link: https://www.econbiz.de/10013220127
Using a survey of 5,504 respondents from 22 European countries, we examine preferences regarding cash and cashless … handling cash presents a higher risk of infection. Moreover, the habits they develop during periods of restrictions and … lockdowns appear to further diminish their appetite for transacting in cash. Not only do these factors affect current choice of …
Persistent link: https://www.econbiz.de/10013244304
Pundits have been predicting the death of cash for as long as the plastic card has been in existence – more than 60 … cash are inadequate for measuring cash usage and have devised a new methodology and framework for measuring how much cash … to 10 countries: France, Italy, Germany, Poland, Portugal, Spain, Sweden, UK, and US. The authors conclude that although …
Persistent link: https://www.econbiz.de/10013081205
, legal cash demand can be explained by transactional and saving motives (hoarding). We apply both direct calculation and an … hoarding and illegal cash demand) of several Central European and Western countries that have their own currency (did not … introduce euro). We find that transactional cash demand is strongly influenced by the level of improvement of the payment system …
Persistent link: https://www.econbiz.de/10009410439
. While the demise of cash is not imminent, it is important for the central bank to continue to evaluate its potential roles …
Persistent link: https://www.econbiz.de/10010403331
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...
Persistent link: https://www.econbiz.de/10010346236
Beginning in 1864, in the United States notes of national banks were the predominant medium of exchange. Each national bank issued its own notes. E-money shares many of the characteristics of these bank notes. This paper describes some lessons relevant to emoney from the U.S. experience with...
Persistent link: https://www.econbiz.de/10010469668
The period from 1914 to 1935 in the United States is unique in that it was the only time that both privately-issued bank notes (national bank notes) and central bank-issued bank notes (Federal Reserve notes) were simultaneously in circulation. This paper describes some lessons relevant to...
Persistent link: https://www.econbiz.de/10011280047
This paper examines the experience of Sweden with government notes and private bank notes to determine how well the Swedish experience corresponds to that of Canada and the United States. Sweden is important to study because it has had government notes in circulation for more than 350 years, and...
Persistent link: https://www.econbiz.de/10011864604
This paper studies the period in Canada when both private bank notes and governmentissued notes (Dominion notes) were simultaneously in circulation. Because both of these notes shared many of the characteristics of today's digital currencies, the experience with these notes can be used to draw...
Persistent link: https://www.econbiz.de/10011599127