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The topic of abolishing cash is discussed since some time, and economists such as Rogoff, Summers and Bofinger argue … argumentative lines of the supporters and opponents of an abolishing or limitation of cash, as well as the respective institutional …
Persistent link: https://www.econbiz.de/10011646056
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Germans are still very fond of using cash. Of all direct payment transactions, cash accounts for an astounding 82% in … cash remains so important. We propose a two-stage empirical framework which jointly explains credit card ownership and the … use of cash. Our results indicate that the pattern of cash usage is compatible with systematic economic decision making …
Persistent link: https://www.econbiz.de/10011605190
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 …
Persistent link: https://www.econbiz.de/10013370109
cash withdrawal ATM services and cash usage.The aim and novelty of the study is to construct the ATM equation.The study … also contributes to the earlier discussion on the effects of ATMs on cash usage.The monopolisation of ATM network market … structure and its effects on the number of ATMs and on cash in circulation are analysed both theoretically and empirically …
Persistent link: https://www.econbiz.de/10012148902
Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or cash … average, each cash-using household pays $149 to card-using households and each card-using household receives $1,133 from cash …
Persistent link: https://www.econbiz.de/10010282764
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data on transaction volumes from the large-volume payment systems of all euro area countries that have had both a net and a …
Persistent link: https://www.econbiz.de/10010305999
In a modern economy, the payment system is a major component of the country's infrastructure system. Indeed, no country nowadays can afford to take its payment system for granted. Advances in information technology and changes in laws, institutions and regulations in some countries have...
Persistent link: https://www.econbiz.de/10011429672
This paper presents the first topological analysis of Danish money market flows. We analyze the structure of two networks with different types of transactions. The first network is the money market network, which is driven by banks' behaviour on the interbank market, the second is the network of...
Persistent link: https://www.econbiz.de/10010321179