The Impact of Technological Change on the Currency Behavior of Households: An Empirical Cross-Section Study
AbstractThe purpose of this article is to determine the impact of adoption of new technology (ATMs) by households on their behavior in holding currency inventories. Previous studies hypothesize that households respond to the availibility of ATMs by reducing their currency inventories. To test this hypothesis, data from two large household surveys are utilized. It is shown that the use of technology has a substantial impact on the currency inventories held by households. Copyright 1994 by Ohio State University Press.
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Bibliographic InfoArticle provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking.
Volume (Year): 26 (1994)
Issue (Month): 4 (November)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879
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- Susana da Silva Brito & Fátima Teresa Sol Murta, 2012. "The Effect of the ATM and the POS in the Demand for Money in Europe," Book Chapters, Institute of Economic Sciences.
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- Aleksander Berentsen & Samuel Huber & Alessandro Marchesiani, 2014. "Financial innovations, money demand, and the welfare cost of inflation," ECON - Working Papers 136, Department of Economics - University of Zurich.
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