TY - JOUR
T1 - Consumer cash usage
T2 - A cross-country comparison with payment diary survey data∗
AU - Bagnall, John
AU - Bounie, David
AU - Huynh, Kim P.
AU - Kosse, Anneke
AU - Schmidt, Tobias
AU - Schuh, Scott
AU - Stix, Helmut
N1 - Publisher Copyright:
© 2016 International Journal of Central Banking. All Right Reserved.
PY - 2016/12/1
Y1 - 2016/12/1
N2 - We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany, and the Netherlands), and 2012 (the United States). Our paper finds 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.
AB - We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany, and the Netherlands), and 2012 (the United States). Our paper finds 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.
M3 - Article
AN - SCOPUS:85006377673
SN - 1815-4654
VL - 12
SP - 1
EP - 61
JO - International Journal of Central Banking
JF - International Journal of Central Banking
IS - 4
ER -