Against the tide—currency use among Latin American immigrants in Chicago

Carrie Jankowski, Richard D. Porter and Tara N. Rice

Economic Perspectives, 2007, vol. 31, issue Q II, 2-21

Abstract: While the U.S. continues to transition away from cash toward electronic payment methods, some population segments continue to rely heavily on cash. In this study of foreign-born Latin Americans in Chicago, the authors find that the dramatic increase in the number of immigrants is supporting a growing demand for currency, notably in the $100 denomination.

Keywords: Currency convertibility; Emigrant remittances; Emigrant remittances - Latin America; Payment systems (search for similar items in EconPapers)
Date: 2007
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