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

No 13/2014, Discussion Papers from Deutsche Bundesbank

Abstract: We measure consumers' use of cash by harmonizing payment diary surveys from seven countries: Australia, Austria, Canada, France, Germany, the Netherlands, and the United States (conducted 2009 through 2012). Our paper finds important 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: money demand; payment systems; harmonization; payment diaries; crosscountry comparison (search for similar items in EconPapers)
JEL-codes: D12 E41 E58 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (41)

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https://www.econstor.eu/bitstream/10419/100037/1/791673510.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:zbw:bubdps:132014

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