Arbeitspapier
The role of convenience and risk in consumers' means of payment
Using data from a 2004 survey of the Canadian public, the authors study the role of convenience and risk in consumers' use of cash relative to debit and credit cards. The authors find that consumers who perceive debit cards and credit cards to be more convenient and less risky than cash use them more frequently. Even at low levels of perceived risk, consumers shift substantially away from cash and towards alternative payment methods. However, the authors' results reveal that there exists a lower bound for which cards can substitute for cash. Also, as other studies have shown, the relative use of cash is higher among older, less-educated, lower-income consumers.
- Language
-
Englisch
- Bibliographic citation
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Series: Bank of Canada Discussion Paper ; No. 2009-8
- Classification
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Wirtschaft
Demand for Money
- Subject
-
Bank notes
Zahlungsverkehr
Konsumentenverhalten
Bargeldloser Zahlungsverkehr
Kreditkarte
Geld
Kanada
- Event
-
Geistige Schöpfung
- (who)
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Arango, Carlos
Taylor, Varya
- Event
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Veröffentlichung
- (who)
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Bank of Canada
- (where)
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Ottawa
- (when)
-
2009
- DOI
-
doi:10.34989/sdp-2009-8
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Arango, Carlos
- Taylor, Varya
- Bank of Canada
Time of origin
- 2009
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