Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/100037
Authors: 
Bagnall, John
Bounie, David
Huynh, Kim P.
Kosse, Anneke
Schmidt, Tobias
Schuh, Scott
Stix, Helmut
Year of Publication: 
2014
Series/Report no.: 
Discussion Paper, Deutsche Bundesbank 13/2014
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.
Subjects: 
money demand
payment systems
harmonization
payment diaries
crosscountry comparison
JEL: 
E41
D12
E58
ISBN: 
978-3-95729-037-3
Document Type: 
Working Paper

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