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 …

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 …

Recent studies find that cash remains a dominant payment choice for small-value transactions despite the prevalence of … prefer using cash or merchants restrict card usage. Using the Bank of Canada's 2009 Method of Payment Survey, we estimate a … card acceptance among merchants, we find that some consumers would decrease their cash usage but the magnitude of this …

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 …

introduce euro). We find that transactional cash demand is strongly influenced by the level of improvement of the payment system …The goal of this study is to determine the reasons behind high cash demand in several Central European countries …, especially Hungary. We distinguish between legal and illegal cash demand in an attempt to model the former. In our approach …