Consumer cash usage: a cross-country comparison with payment diary survey data
Tobias Schmidt,
Helmut Stix,
Kim Huynh,
Anneke Kosse,
Scott Schuh,
John Bagnall and
David Bounie
No 1685, Working Paper Series from European Central Bank
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-ofsale characteristics such as merchant card acceptance and venue. JEL Classification: E41, D12, E58
Keywords: harmonization; money demand; payment systems (search for similar items in EconPapers)
Date: 2014-06
New Economics Papers: this item is included in nep-ban and nep-mac
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Citations: View citations in EconPapers (32)
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https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp1685.pdf (application/pdf)
Related works:
Journal Article: Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data (2016) 
Working Paper: Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data (2014) 
Working Paper: Consumer cash usage: a cross-country comparison with payment diary survey data (2014) 
Working Paper: Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data (2014) 
Working Paper: Consumer cash usage: A cross-country comparison with payment diary survey data (2014) 
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20141685
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