IDEAS home Printed from https://ideas.repec.org/p/bca/bocsan/24-24.html
   My bibliography  Save this paper

How do Canadians perceive access to cash?

Author

Listed:
  • Heng Chen
  • Daneal O’Habib
  • Hongyu Xiao

Abstract

This paper introduces a subjective measure of cash accessibility in Canada, complementing existing distance-based metrics developed by Chen, O’Habib and Xiao (2023). Analyzing data from the 2023 Methods-of-Payment Survey, this study explores how Canadians perceive their ease of accessing cash from automated banking machines (ABMs) and financial institution branches. The results reveal strong alignment between subjective perceptions and distance-based metrics, with most Canadians reporting easy access to cash sources. Those who reported lower perceived cash accessibility need to travel longer distances and tend to be young, university-educated, low-income, unemployed or cashless.

Suggested Citation

  • Heng Chen & Daneal O’Habib & Hongyu Xiao, 2024. "How do Canadians perceive access to cash?," Staff Analytical Notes 2024-24, Bank of Canada.
    • Handle: RePEc:bca:bocsan:24-24
    as

    Download full text from publisher

    File URL: https://www.bankofcanada.ca/2024/10/staff-analytical-note-2024-24/
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Heng Chen & Matthew Strathearn, 2020. "A Spatial Model of Bank Branches in Canada," Staff Working Papers 20-4, Bank of Canada.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Heng Chen & Marie-Hélène Felt, 2022. "Canadians’ Access to Cash Before and During the COVID-19 Pandemic," Discussion Papers 2022-15, Bank of Canada.
    2. Helmut Stix, 2020. "A spatial analysis of access to ATMs in Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3/20, pages 39-59.
    3. Sergio Luis Náñez Alonso & Javier Jorge-Vazquez & Lieslie Gallegos Arias & Noelia Muñoz del Nogal, 2024. "What Factors Are Limiting Financial Inclusion and Development in Peru? Empirical Evidence," Economies, MDPI, vol. 12(4), pages 1-22, April.
    4. Heng Chen & Matthew Strathearn & Marcel Voia, 2021. "Consumer Cash Withdrawal Behaviour: Branch Networks and Online Financial Innovation," Staff Working Papers 21-28, Bank of Canada.
    5. Walter Engert & Kim Huynh, 2022. "Cash, COVID-19 and the Prospects for a Canadian Digital Dollar," Discussion Papers 2022-17, Bank of Canada.
    6. Marie-Hélène Felt, 2020. "Losing Contact: The Impact of Contactless Payments on Cash Usage," Staff Working Papers 20-56, Bank of Canada.
    7. Heng Chen & Walter Engert & Kim Huynh & Daneal O’Habib, 2021. "An Exploration of First Nations Reserves and Access to Cash," Discussion Papers 2021-8, Bank of Canada.
    8. Laura Barbieri & Mariarosa Borroni & Andrea Lippi & Mariacristina Piva & Simone Rossi, 2021. "Determinants of Bank Branch Presence in Local Areas: A Comparison Between North and South of Italy," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(9), pages 1-15, August.
    9. Christopher Henry & Matthew Shimoda & Doina Rusu, 2024. "2023 Methods-of-Payment Survey Report: The Resilience of Cash," Discussion Papers 2024-08, Bank of Canada.

    More about this item

    Keywords

    Financial services; Regional economic developments;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:bca:bocsan:24-24. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bocgvca.html .

    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.