[eng] Payment Efficiency in Euro and Monetary Denomination Systems. . This study aims at measuring the efficiency of the European monetary denomination system. On the contrary to the previous studies based on a uniform distribution of prices in the economy, we introduce a real distribution of...

[fre] David Bounie Sébastien Soriano La substitution de la monnaie électronique à la monnaie fiduciaire : modèle et simulations Plusieurs méthodes d'évaluation de la substitution de la monnaie électronique à la monnaie fiduciaire ont été proposées ces dernières années. Après une...

This valuable book discusses in detail, through a blend of theory and empirical research, the processes of innovation and the diffusion of new financial instruments.

An Empirical Analysis of Price Dispersion on the Internet Online price dispersion has remained a puzzle for many years. In this article, we test the effects of a range of factors identified in the literature including vendor strategy, market structure, vendor heterogeneity and the time...

The theoretical studies dealing with the efficiency of monetary denomination systems are usually based on a restrictive assumption: cash transactions are assumed to be evenly distributed in the economy. Using an empirical (observed) distribution of cash transactions in the French economy, this...

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...

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...

Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper develops a simulation model to test whether standard implications of the theory on cash management and payment choices can explain the use of payment instruments by transaction size....