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How currency denomination and the ATM affect the way we pay: a comment on Shy

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  • Van Hove, Leo

Abstract

Using payment diary data, Shy (2020) shows that the way Americans pay is affected by the denominations of the US dollar, and in particular by the availability, in ATMs, of the $20 note. Shy also proposes a model to provide intuition for this finding. Unfortunately, this model lacks generality.

Suggested Citation

  • Van Hove, Leo, 2020. "How currency denomination and the ATM affect the way we pay: a comment on Shy," Journal of Economics and Business, Elsevier, vol. 111(C).
    • Handle: RePEc:eee:jebusi:v:111:y:2020:i:c:s0148619520301508
    DOI: 10.1016/j.jeconbus.2020.105920
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    1. Shy, Oz, 2020. "How currency denomination and the ATM affect the way we pay," Journal of Economics and Business, Elsevier, vol. 111(C).
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    Cited by:

    1. Oz Shy, 2025. "Inflationary impacts of penny and nickel elimination," Journal of Regulatory Economics, Springer, vol. 68(2), pages 124-145, October.
    2. Prescott, Brian C. & Shy, Oz, 2023. "Cash payments and the penny policy debate," Journal of Economic Behavior & Organization, Elsevier, vol. 208(C), pages 80-94.

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