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Recent years have witnessed the advances of e-money systems such as Bitcoin, PayPal and various forms of stored-value cards. This paper adopts a mechanism design approach to identify some essential features of different payment systems that implement and improve the constrained optimal resource...
Persistent link: https://www.econbiz.de/10012992686
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 jointlyexplains 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/10003969563
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/10003924486
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/10012991100
This paper empirically investigates whether individuals withhold a certain amount of cash for precautionary reasons at … the point-of-sale (POS) in order to be able to cover future transactions that might have to be paid for in cash. Such … being settled in cash declines significantly as the amount of cash available at one’s disposal decreases. This indicates …
Persistent link: https://www.econbiz.de/10010192759
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/10013316278
The period from the 1950s to the late 1970s saw an almost uniform decline of cash-to-GDP ratios in industrial countries … incomes. Rising wages increased the burden of weekly wage payments in cash, and rising incomes made the average earner more … than revolutionary, however. So, even though the cash-to-GDP ratio declined in this period, absolute amounts of real cash …
Persistent link: https://www.econbiz.de/10011582263
area, directly or via the French wholesale bank. Second, a "bottom-up" approach can be built-up, where the cash holdings of … use of cash for transactional purpose. Bearing in mind that those various approaches do not always separate the hoarding … similarities and differences between those several methods sheds light on the French national demand for cash by giving hints on …
Persistent link: https://www.econbiz.de/10011730983
Persistent link: https://www.econbiz.de/10010487354
€2 coins. Only in the case of €2 coins has the cash stock held for transaction purposes made a significant contribution … method of determining the demand for this denomination. Given the overall weakness in the growth of the cash held for …. Due to the inadequate data availability, the cash balance held for domestic transactions by sector cannot be fully …
Persistent link: https://www.econbiz.de/10010429759