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Against the tide—currency use among Latin American immigrants in Chicago

Author

Listed:
  • Carrie Jankowski
  • Richard D. Porter
  • Tara N. Rice

Abstract

While the U.S. continues to transition away from cash toward electronic payment methods, some population segments continue to rely heavily on cash. In this study of foreign-born Latin Americans in Chicago, the authors find that the dramatic increase in the number of immigrants is supporting a growing demand for currency, notably in the $100 denomination.

Suggested Citation

  • Carrie Jankowski & Richard D. Porter & Tara N. Rice, 2007. "Against the tide—currency use among Latin American immigrants in Chicago," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 31(Q II), pages 2-21.
    • Handle: RePEc:fip:fedhep:y:2007:i:qii:p:2-21:n:v.31no.2
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    References listed on IDEAS

    as
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