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How currency denomination and the ATM affect the way we pay: a comment on Shy

Leo Van Hove

Journal of Economics and Business, 2020, vol. 111, issue C

Abstract: Using payment diary data, Shy (2020) shows that the way Americans pay is affected by the denominations of the US dollar, and in particular by the availability, in ATMs, of the $20 note. Shy also proposes a model to provide intuition for this finding. Unfortunately, this model lacks generality.

Keywords: consumer payment choice; cash payments; automated teller machines (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1016/j.jeconbus.2020.105920

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