Bagnall, John Bounie, David Huynh, Kim P. Kosse, Anneke Schmidt, Tobias Schuh, Scott Stix, Helmut
Year of Publication:
Bundesbank Discussion Paper 13/2014
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.
money demand payment systems harmonization payment diaries crosscountry comparison