Means of Payment

Nancy L Stokey
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Nancy L Stokey: Department of Economics

No 1218, 2019 Meeting Papers from Society for Economic Dynamics

Abstract: When consumers or firms purchase goods or pay bills, they must choose a means of payment: cash, credit card, check, electronic transfer, etc. What governs those choices? In particular, how do their choices vary with the inflation rate, and how do total transaction costs change?

Date: 2019
New Economics Papers: this item is included in nep-ban, nep-cba, nep-mon and nep-pay
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