rather than cash; that is, to understand changes in socioeconomic factors on the long-term use of alternatives to cash. Using …

We examine how an innovation in payment technology impacts on consumer payment choice and cash demand. We study the … reduction in the cash share of payments and no reduction of average cash demand. Treatment effects on payment choice are … strongest among consumers with an intermediate pre-treatment use of cash. Explorative analyses reveal that effects are largely …

We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a … panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and … opportunity costs, we concentrate on cashless payments media as substitutes to cash payments and the role of the shadow economy …

This study investigates the benefits of cash in a general context. First, we explicitly address the arguments of cash … critics, who are calling for cash to be abolished altogether. Second, we show that cash plays a crucial role in the current … two-tier banking system. Third, we are discussing a number of selected benefits of cash, inter alia its use in financial …

cash by households. This paper presents an estimation of the number and value of cash transactions in all 19 euro area … that can contribute to improving the efficiency of the cash cycle and the payment system as a whole. Previous estimates of … the value of cash usage by households in the euro area date from 2008. Since then some central banks have carried out …