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Using cash to monitor liquidity - implications for payments, currency demand and withdrawal behavior

Author

Listed:
  • Von Kalckreuth, Ulf
  • Schmidt, Tobias
  • Stix, Helmut

Abstract

Standard transaction cost arguments can only partially explain why the share of cash transactions is still high in many countries. This paper shows that consumers JEL Classification: E41, E58, D12

Suggested Citation

  • Von Kalckreuth, Ulf & Schmidt, Tobias & Stix, Helmut, 2011. "Using cash to monitor liquidity - implications for payments, currency demand and withdrawal behavior," Working Paper Series 1385, European Central Bank.
    • Handle: RePEc:ecb:ecbwps:20111385
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    References listed on IDEAS

    as
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    8. Kocherlakota, Narayana & Wallace, Neil, 1998. "Incomplete Record-Keeping and Optimal Payment Arrangements," Journal of Economic Theory, Elsevier, vol. 81(2), pages 272-289, August.
    9. Ulf Von Kalckreuth & Tobias Schmidt & Helmut Stix, 2014. "Using Cash to Monitor Liquidity: Implications for Payments, Currency Demand, and Withdrawal Behavior," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(8), pages 1753-1786, December.
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    More about this item

    Keywords

    cash usage; currency demand; payment behavior; payment cards; payment innovation; payment instruments; survey data; withdrawal behavior;
    All these keywords.

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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