Arbeitspapier
The impact of retail payment innovations on cash usage
Many predict that innovations in retail payment may render cash obsolete. We investigate this possibility in the context of recent payment innovations such as contactless-credit and stored-value cards. We apply causal inference methods on the 2009 Bank of Canada Method of Payment survey, a representative sample of adult Canadians' shopping behaviour for retail consumption over a three-day period. We find that using contactless credit cards and stored-value cards lead to a reduction in average cash usage for transactions both in terms of value and volume. Sensitivity analysis is undertaken and our estimates are robust to hidden bias.
- Language
-
Englisch
- Bibliographic citation
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Series: Bank of Canada Working Paper ; No. 2012-14
- Classification
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Wirtschaft
Demand for Money
Multiple or Simultaneous Equation Models: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
Survey Methods; Sampling Methods
- Subject
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Econometric and statistical methods
Financial services
Payment clearing
settlement services
- Event
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Geistige Schöpfung
- (who)
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Fung, Ben S. C.
Huynh, Kim P.
Sabetti, Leonard
- Event
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Veröffentlichung
- (who)
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Bank of Canada
- (where)
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Ottawa
- (when)
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2012
- DOI
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doi:10.34989/swp-2012-14
- Handle
- Last update
-
10.03.2025, 11:41 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
- Fung, Ben S. C.
- Huynh, Kim P.
- Sabetti, Leonard
- Bank of Canada
Time of origin
- 2012
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