Choice of payment instrument for low-value transactions in Japan
Hiroshi Fujiki and
Migiwa Tanaka
International Cash Conference 2017 – War on Cash: Is there a Future for Cash? from Deutsche Bundesbank
Abstract:
In this paper, we examine the determinants of the choice of payment instrument for low-value day-to-day transactions. Using Japanese household data from 2007 to 2014, we find that three payment instruments, namely, cash, electronic money, and credit cards, comprise the major payment choices for transactions with values less than 1,000 yen (about 8.7 euros). We also find that high-income, financially sophisticated households in urban areas tend to use both electronic money and cash. Further, family households choosing electronic money and cash do not have higher cash holdings compared with family households exclusively choosing cash, holding all other variables constant. We obtain weak evidence that single-person households choosing electronic money and cash have higher cash holdings compared with single-person households exclusively choosing cash, holding all other variables constant.
Keywords: cash demand; electronic money (search for similar items in EconPapers)
JEL-codes: E41 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-ban, nep-mac, nep-mon and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://www.econstor.eu/bitstream/10419/162909/1/Fujiki.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:zbw:iccp17:162909
Access Statistics for this paper
More papers in International Cash Conference 2017 – War on Cash: Is there a Future for Cash? from Deutsche Bundesbank Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().