Cash is the preferred method of payment for small value transactions generally less than $25. We provide insight to … this finding with a new theoretical model that characterizes and compares consumers' costs of paying with cash to paying … design (RDD) approach to estimate the model using the 2013 Bank of Canada Method-of-Payments (MOP) Survey and find a …

charged to the merchants, who may be reluctant to accept cards and induce the cardholder to withdraw cash. In this paper, we … empirically verify for the first time the effect of the interchange fee on the decision to withdraw cash and compare it with that … there is a positive correlation between the cash usage and the level of the interchange fees. Accordingly, regulation of the …

We estimate the effect of Bitcoin ownership on the level of cash holdings of Canadian consumers. Bitcoin ownership … positively correlates with cash holdings even after accounting for selection into ownership via a control function approach. On … average, Bitcoin owners hold 83 percent (in 2018) to 95 percent (in 2017) more cash than non-owners. Focusing on the quantiles …

spending across all methods of payment (cash, debit, credit, etc.). As well, the mix of payment methods that consumers use … could also be affected. This paper is a first step in analyzing the effects of the pandemic on the demand for cash and on … the methods of payment in Canada. We present insights drawn from the Bank Note Distribution System and from a recent …

The role of cash in Canadians' lives has been evolving, as innovations in digital payments have become more widely … research into central bank digital currencies (CBDCs). We contribute to the Bank of Canada's research on CBDC by monitoring … Canadians' use of cash and their adoption of digital payment methods. The Bank conducted the 2019 Cash Alternative Survey (CAS …

Canadian banknotes (Engert et al., 2019). Estimating foreign cash demand is difficult due to data availability issues and … banknote demand from international visitors to Canada by exploiting the exogenous shock from COVID-19 international travel … traveler demand's distinct regional patterns and data from the Bank of Canada's Bank Note Distribution System. I find that each …