Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/241222 
Autor:innen: 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
Bank of Canada Staff Working Paper No. 2020-56
Verlag: 
Bank of Canada, Ottawa
Zusammenfassung: 
I investigate the impact of contactless credit cards (CTCs) on cash use in Canada, using panel data between 2010 and 2017. I show that ignoring unobserved heterogeneity would lead to overstating the impact of CTCs on cash usage in a linear model. Using finite mixture modelling, I provide evidence of the differential impacts of CTCs on the extensive versus intensive margins of cash usage. I use a two-part model, with an exclusion restriction for better identification, to model both margins separately. I obtain that CTC use negatively influences the intensive margin of cash usage but not its extensive margin. There is no clear evidence of an S-curve pattern in the impact of CTCs on cash usage over the sample period.
Schlagwörter: 
Bank notes
Digital currencies and fintech
Econometric and statistical methods
Financial services
JEL: 
C33
D12
E41
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
560.09 kB





Publikationen in EconStor sind urheberrechtlich geschützt.