Showing 1 - 10 of 9,353
Using data from Canada and the United States, we quantify consumers' net pecuniary cost of using cash, credit cards …, credit card transactions are cross-subsidized by cheaper debit and cash payments. Card rewards and consumer fees paid to …-through have regressive distributional effects in Canada and the United States. …
Persistent link: https://www.econbiz.de/10012426293
We measure consumers' use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys … were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the … United States). Our paper finds cross-country differences - for example, the level of cash usage differs across countries …
Persistent link: https://www.econbiz.de/10010360396
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
We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries: Australia, Austria, Canada …-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 is strongly correlated with transaction size …
Persistent link: https://www.econbiz.de/10010384150
We measure consumers' use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys … were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany, and the Netherlands), and 2012 (the … United States). Our paper finds cross-country differences - for example, the level of cash use differs across countries. Cash …
Persistent link: https://www.econbiz.de/10010384798
Persistent link: https://www.econbiz.de/10010365643
U.S. consumers' demand for cash is estimated with new panel micro data for 2008-2010 using econometric methodology … zero, cash demand by consumers using credit cards for convenience (without revolving debt) has the same small, negative …, interest elasticity as estimated in earlier periods and with broader money measures. However, cash demand by consumers using …
Persistent link: https://www.econbiz.de/10010251824
central bank balance sheets. We analyze the experience in seven advanced economies (Australia, Canada, Euro area, New Zealand …, Sweden, UK and US)--documenting different strategies and the substantive reduction in central bank balance sheets that has …
Persistent link: https://www.econbiz.de/10014528361
Standard transaction cost arguments can only partially explain why the share of cash transactions is still high in many … distinctive feature of cash - a glance into one's pocket provides a signal for both the remaining budget as well as the level of … past expenses. We propose a theoretical framework which incorporates this feature of cash, and derives implications not …
Persistent link: https://www.econbiz.de/10009380970