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Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

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

Staff Working Papers from Bank of Canada

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-of-sale characteristics such as merchant card acceptance and venue.

Keywords: Bank notes; E-Money; Econometric and statistical methods; Financial services (search for similar items in EconPapers)
JEL-codes: D12 E41 E58 (search for similar items in EconPapers)
Pages: 53 pages
Date: 2014
New Economics Papers: this item is included in nep-ban and nep-mac
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https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-20.pdf

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