Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81919
Authors: 
Bergman, Mats
Guibourg, Gabriela
Segendorf, Björn
Year of Publication: 
2007
Series/Report no.: 
Sveriges Riksbank Working Paper Series 212
Abstract: 
Despite the central role of payments in theoretical and policy oriented economics, there is surprisingly little known about the costs of different payment instruments. We estimate social and private costs of cash, debit and credit card payments in Sweden in 2002. The combined social cost of providing these payment services is approximately 0.4 per cent of GDP. Debit and credit cards are socially less costly than cash for payments above EURO 8 and EURO 18, respectively. Corresponding thresholds for consumers' private costs are somewhat higher. Data indicate a too extensive use of cash relative to card payments in terms of both private and social costs.
Subjects: 
Cash payments
Card payments
Social costs
Private costs
JEL: 
D12
D23
D24
Document Type: 
Working Paper

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