Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/123744 
Autor:innen: 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
Bank of Canada Working Paper No. 2014-59
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
I use data from the Bank of Canada's Bank Note Distribution System and exploit a natural experiment offered by the timing of Easter in the Gregorian calendar to analyze the effects of demographic change for currency demand. I find that the main drivers of low-denomination bank note demand are merchants. Merchants and the youngest age group, aged 15-24, are also a significant source of demand for twenty-dollar bank notes and for the total dollar value of withdrawals. In contrast, increases in the demographic age groups 25-54 and 55 plus tend to lower bank note withdrawals. Finally, I find no evidence that employment status is related to bank note demand, but that there is a difference between the bank note demand of men aged 15-24 and women aged 15-24: increases in the share of women aged 15-24 lead to increases in bank note demand.
Schlagwörter: 
Bank notes
Econometric and statistical methods
JEL: 
E41
C31
C36
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
467.16 kB





Publikationen in EconStor sind urheberrechtlich geschützt.