Arbeitspapier
Substitution on noncash payment instruments for cash in Europe
The substitution of noncash (check, giro, and credit and debit card) payments for cash transactions is difficult to gauge because there are no data series on the actual value or volume of cash transactions in any country.However, determining the degree of cash substitution is important because it will negatively affect government seigniorage revenue and, if cash use falls fast enough, may require tax revenues to redeem excess currency holdings.We utilise a novel method for approximating the volume of cash transactions using public information on currency stocks and noncash payments.Applying this method, we estimate how cash has been substituted by other payment instruments in 10 European countries.We also provide a forecast of future cash use by country.We find that the trend in cash substitution across countries is quite similar.However, the countries themselves are at significantly different stages of this substitution process.The spread of debit and credit card payments has been the key factor behind the substitution away from cash as use of e-cash innovation is still in its infancy.Country-specific differences in the substitution process are largely explained by differences in the level of implementation of each country's card payment technology.
- ISBN
-
951-686-647-6
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Finland Discussion Papers ; No. 1/2000
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Snellman, Jussi
Vesala, Jukka
Humphrey, David
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland
- (wo)
-
Helsinki
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Snellman, Jussi
- Vesala, Jukka
- Humphrey, David
- Bank of Finland
Entstanden
- 2000
Ähnliche Objekte (12)
Less cash on the counter: forecasting Finnish payment preferences
An international bibliography of payment instruments and systems literature for the years 1985-1991
The mixed oligopoly of cross-border payment systems
Simulation analyses and stress testing of payment networks
Competition and regulation in European retail payment systems
Re-engineering payment systems for the E-world
Assessing effects of price regulation in retail payment systems
Integrating European retail payment systems: some economics of SEPA
Systemic risk in the Finnish payment system: An empirical investigation
Risk sharing in the pricing of payment services by banks
Large value payment systems: principles and present and future developments
Simulation studies of liquidity needs, risks and efficiency in payment networks: Proceedings from the Bank of Finland Payment and Settlement System Seminars 2005-2006
Less cash on the counter: forecasting Finnish payment preferences
An international bibliography of payment instruments and systems literature for the years 1985-1991
The mixed oligopoly of cross-border payment systems
Simulation analyses and stress testing of payment networks
Competition and regulation in European retail payment systems
Re-engineering payment systems for the E-world
Assessing effects of price regulation in retail payment systems
Integrating European retail payment systems: some economics of SEPA
Systemic risk in the Finnish payment system: An empirical investigation
Risk sharing in the pricing of payment services by banks
Large value payment systems: principles and present and future developments
Simulation studies of liquidity needs, risks and efficiency in payment networks: Proceedings from the Bank of Finland Payment and Settlement System Seminars 2005-2006
Less cash on the counter: forecasting Finnish payment preferences
An international bibliography of payment instruments and systems literature for the years 1985-1991
The mixed oligopoly of cross-border payment systems
Simulation analyses and stress testing of payment networks
Competition and regulation in European retail payment systems
Re-engineering payment systems for the E-world
Assessing effects of price regulation in retail payment systems
Integrating European retail payment systems: some economics of SEPA
Systemic risk in the Finnish payment system: An empirical investigation
Risk sharing in the pricing of payment services by banks
Large value payment systems: principles and present and future developments