Consumer cash usage: a cross-country comparison with payment diary survey data

Tobias Schmidt, Helmut Stix, Kim Huynh, Anneke Kosse, Scott Schuh, John Bagnall and David Bounie

No 1685, Working Paper Series from European Central Bank

Abstract: 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. 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, demographics, and point-ofsale characteristics such as merchant card acceptance and venue. JEL Classification: E41, D12, E58

Keywords: harmonization; money demand; payment systems (search for similar items in EconPapers)
Date: 2014-06
New Economics Papers: this item is included in nep-ban and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (32)

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Related works:
Journal Article: Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data (2016)
Working Paper: Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data (2014)
Working Paper: Consumer cash usage: a cross-country comparison with payment diary survey data (2014)
Working Paper: Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data (2014)
Working Paper: Consumer cash usage: A cross-country comparison with payment diary survey data (2014)
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