IDEAS home Printed from https://ideas.repec.org/a/bla/intfin/v29y2026i2p298-309.html

Cash for Transactions or Store‐of‐Value? A Comparative Study on Scandinavian Countries and Canada

Author

Listed:
  • Carl Andreas Claussen
  • Björn Segendorf
  • Franz Seitz

Abstract

We estimate the demand for transactional and non‐transactional cash balances (banknotes and coins) in Canada, Denmark, Iceland, Sweden and Norway over the last decades exploiting the seasonality of cash demand. These countries share many features that are relevant for cash demand, but nevertheless show large differences in terms of aggregate cash balances. While Canada, Iceland and Denmark have seen increased aggregate cash balances, Norway and especially Sweden have seen a dramatic decline. We find that transactional balances have decreased somewhat in all of the countries and the differences in aggregated cash balances is due to differences in the development of non‐transactional cash balances. We argue that different de facto legal tender status, crisis exposures, foreign demand and cash supply‐side policies help explain these findings.

Suggested Citation

  • Carl Andreas Claussen & Björn Segendorf & Franz Seitz, 2026. "Cash for Transactions or Store‐of‐Value? A Comparative Study on Scandinavian Countries and Canada," International Finance, Wiley Blackwell, vol. 29(2), pages 298-309, July.
    • Handle: RePEc:bla:intfin:v:29:y:2026:i:2:p:298-309
    DOI: 10.1111/infi.70028
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/infi.70028
    Download Restriction: no
    File URL: https://libkey.io/10.1111/infi.70028?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:intfin:v:29:y:2026:i:2:p:298-309. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1367-0271 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.