Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/251025 
Year of Publication: 
2021
Series/Report no.: 
Bank of Canada Staff Discussion Paper No. 2021-12
Publisher: 
Bank of Canada, Ottawa
Abstract: 
We use consumer surveys conducted in April, July and November 2020 to study how the COVID-19 pandemic affected the demand for cash and the use of various methods of payment. Continuing from Chen et al. (2020, 2021), we use data from the Bank Note Distribution System (BNDS) to track how the amount of cash in circulation changed throughout 2020. The November 2020 survey included a three-day payment diary. We compare this diary with similar diaries from 2009, 2013 and 2017 to study long-term trends in cash use and payment methods.
Subjects: 
Bank notes
Central bank research
Coronavirus disease (COVID-19)
Digital currencies and fintech
Econometric and statistical methods
JEL: 
C
C1
C12
C9
E
E4
O
O5
O54
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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