Arbeitspapier
Losing contact: The impact of contactless payments on cash usage
I investigate the impact of contactless credit cards (CTCs) on cash use in Canada, using panel data between 2010 and 2017. I show that ignoring unobserved heterogeneity would lead to overstating the impact of CTCs on cash usage in a linear model. Using finite mixture modelling, I provide evidence of the differential impacts of CTCs on the extensive versus intensive margins of cash usage. I use a two-part model, with an exclusion restriction for better identification, to model both margins separately. I obtain that CTC use negatively influences the intensive margin of cash usage but not its extensive margin. There is no clear evidence of an S-curve pattern in the impact of CTCs on cash usage over the sample period.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Canada Staff Working Paper ; No. 2020-56
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models
Consumer Economics: Empirical Analysis
Demand for Money
- Thema
-
Bank notes
Digital currencies and fintech
Econometric and statistical methods
Financial services
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Felt, Marie-Hélène
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Canada
- (wo)
-
Ottawa
- (wann)
-
2020
- DOI
-
doi:10.34989/swp-2020-56
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Felt, Marie-Hélène
- Bank of Canada
Entstanden
- 2020
Ähnliche Objekte (12)
Improving overnight loan identification in payments systems
A survey and risk analysis of selected non-bank retail payments systems
Understanding the cash demand puzzle
Modelling payments systems: A review of the literature
Payments on digital platforms: Resiliency, interoperability and welfare
Macroeconomic predictions using payments data and machine learning
Transmission of cyber risk through the Canadian wholesale payments system
Merchant acceptance, costs, and perceptions of retail payments: A Canadian survey
Safe payments
Payment coordination and liquidity efficiency in the new Canadian wholesale payments system
An economic perspective on payments migration
The market for acquiring card payments from small and medium-sized Canadian merchants
Improving overnight loan identification in payments systems
A survey and risk analysis of selected non-bank retail payments systems
Understanding the cash demand puzzle
Modelling payments systems: A review of the literature
Payments on digital platforms: Resiliency, interoperability and welfare
Macroeconomic predictions using payments data and machine learning
Transmission of cyber risk through the Canadian wholesale payments system
Merchant acceptance, costs, and perceptions of retail payments: A Canadian survey
Safe payments
Payment coordination and liquidity efficiency in the new Canadian wholesale payments system
An economic perspective on payments migration
The market for acquiring card payments from small and medium-sized Canadian merchants
Improving overnight loan identification in payments systems
A survey and risk analysis of selected non-bank retail payments systems
Understanding the cash demand puzzle
Modelling payments systems: A review of the literature
Payments on digital platforms: Resiliency, interoperability and welfare
Macroeconomic predictions using payments data and machine learning
Transmission of cyber risk through the Canadian wholesale payments system
Merchant acceptance, costs, and perceptions of retail payments: A Canadian survey
Safe payments
Payment coordination and liquidity efficiency in the new Canadian wholesale payments system
An economic perspective on payments migration