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The Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key Results

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Author Info

  • Carlos Arango
  • Angelika Welte

Abstract

The authors present the methodology and main findings of the Bank of Canada’s 2009 Methods-of-Payment survey, a detailed investigation of consumer payment behaviour in Canada. The survey targeted the 18- to 75-year-old Canadian resident population. During November 2009, participants answered a questionnaire about their demographics, personal finance, and payment instrument habits and perceptions. Of the 6,868 questionnaire respondents, about half also completed a 3-day shopping diary, recording close to 16,000 shopping transactions. The survey gives a detailed account of Canadians’ cash management habits and payment instrument choices and provides important clues into the reasons why Canadians pay the way they do.

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File URL: http://www.bankofcanada.ca/wp-content/uploads/2012/09/dp2012-06.pdf
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Bibliographic Info

Paper provided by Bank of Canada in its series Discussion Papers with number 12-6.

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Length: 34 pages
Date of creation: 2012
Date of revision:
Handle: RePEc:bca:bocadp:12-6

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Postal: 234 Wellington Street, Ottawa, Ontario, K1A 0G9, Canada
Phone: 613 782-8845
Fax: 613 782-8874
Web page: http://www.bank-banque-canada.ca/

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Keywords: Bank notes; Financial services; Payment; clearing; and settlement systems;

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References

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  1. Carlos Arango & Varya Taylor, 2008. "Merchants' Costs of Accepting Means of Payment: Is Cash the Least Costly?," Bank of Canada Review, Bank of Canada, Bank of Canada, vol. 2008(Winter), pages 17-25.
  2. Schmidt, Tobias, 2011. "Fatigue in payment diaries - empirical evidence from Germany," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre 2011,11, Deutsche Bundesbank, Research Centre.
  3. Peter Mooslechner & Helmut Stix & Karin Wagner, 2006. "How Are Payments Made in Austria?," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 111–134.
  4. Ben Fung & Kim Huynh & Leonard Sabetti, 2012. "The Impact of Retail Payment Innovations on Cash Usage," Working Papers, Bank of Canada 12-14, Bank of Canada.
  5. Arango, Carlos & Huynh, Kim P. & Sabetti, Leonard, 2011. "How do you pay? The role of incentives at the point-of-sale," Working Paper Series, European Central Bank 1386, European Central Bank.
  6. Carlos Arango & Dylan Hogg & Alyssa Lee, 2012. "Why Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment Survey," Discussion Papers, Bank of Canada 12-2, Bank of Canada.
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Citations

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Cited by:
  1. Manjong Lee & Sung Guan Yun, 2014. "Composition of Portfolio and Cost of Inflation," Discussion Paper Series, Institute of Economic Research, Korea University 1403, Institute of Economic Research, Korea University.
  2. Arango, Carlos & Huynh, Kim P. & Sabetti, Leonard, 2011. "How do you pay? The role of incentives at the point-of-sale," Working Paper Series, European Central Bank 1386, European Central Bank.
  3. Ben Fung & Miguel Molico & Gerald Stuber, 2014. "Electronic Money and Payments: Recent Developments and Issues," Discussion Papers, Bank of Canada 14-2, Bank of Canada.
  4. Carlos Arango & Yassine Bouhdaouiz & David Bounie & Martina Eschelbach & LOla Hernández, 2014. "Cash Management and Payment Choices: A Simulation Model with International Comparisons," Borradores de Economia, Banco de la Republica de Colombia 804, Banco de la Republica de Colombia.
  5. Carlos Arango & Dylan Hogg & Alyssa Lee, 2012. "Why Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment Survey," Discussion Papers, Bank of Canada 12-2, Bank of Canada.
  6. Janet Hua Jiang & Enchuan Shao, 2014. "Understanding the Cash Demand Puzzle," Working Papers, Bank of Canada 14-22, Bank of Canada.
  7. S. Boragan Aruoba & Morris A. Davis & Randall Wright, 2012. "Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes," NBER Working Papers 18276, National Bureau of Economic Research, Inc.
  8. Naoki Wakamori & Angelika Welte, 2012. "Why Do Shoppers Use Cash? Evidence from Shopping Diary Data," Working Papers, Bank of Canada 12-24, Bank of Canada.
  9. Carlos Arango & Yassine Bouhdaoui & David Bounie & Martina Eschelbach, 2014. "Cash Management and Payment Choices: A Simulation Model with International Comparisons," BORRADORES DE ECONOMIA, BANCO DE LA REPÚBLICA 011124, BANCO DE LA REPÚBLICA.

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