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for currency. We employ a unique database that considers the two-sided nature of debit cards to explore these issues. The … negative effect of transactions with debit cards on the demand for currency since the positive impact of ATM usage is lower in …
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The period from the 1950s to the late 1970s saw an almost uniform decline of cash-to-GDP ratios in industrial countries. A closer look at the German payment system suggests that the factor causing such a change has been the shift towards cashless wage payments. In this period, in Germany, the...
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