Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

45 Pages Posted: 21 Jun 2016

See all articles by John Bagnall

John Bagnall

Reserve Bank of Australia

David Bounie

Telecom ParisTech

Kim P. Huynh

Government of Canada - Bank of Canada; Indiana University Bloomington - Department of Economics

Anneke Kosse

De Nederlandsche Bank

Tobias Schmidt

Deutsche Bundesbank - Research Center

Scott D. Schuh

Federal Reserve Bank of Boston - Research Department

Helmut Stix

Oesterreichische Nationalbank - Economic Studies Division

Multiple version iconThere are 3 versions of this paper

Date Written: 2014

Abstract

We measure consumers' use of cash by harmonizing payment diary surveys from seven countries: Australia, Austria, Canada, France, Germany, the Netherlands, and the United States (conducted 2009 through 2012). Our paper finds important cross-country differences, for example, the level of cash usage differs across countries. Cash has not disappeared as a payment instrument, especially for low-value transactions. We also find that the use of cash is strongly correlated with transaction size, demographics, and point-of-sale characteristics, such as merchant card acceptance and venue.

Keywords: money demand, payment systems, harmonization, payment diaries, crosscountry comparison

JEL Classification: E41, D12, E58

Suggested Citation

Bagnall, John and Bounie, David and Huynh, Kim P. and Kosse, Anneke and Schmidt, Tobias and Schuh, Scott and Stix, Helmut, Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data (2014). Bundesbank Discussion Paper No. 13/2014. Available at SSRN: https://ssrn.com/abstract=2796990

John Bagnall (Contact Author)

Reserve Bank of Australia ( email )

65, Martin Place
Sydney, NSW 2000
Australia

David Bounie

Telecom ParisTech ( email )

46 rue Barrault
F-75634 Paris, Cedex 13
France

Kim P. Huynh

Government of Canada - Bank of Canada ( email )

234 Wellington Street
Ontario, Ottawa K1A 0G9
Canada

Indiana University Bloomington - Department of Economics ( email )

Wylie Hall
Bloomington, IN 47405-6620
United States

Anneke Kosse

De Nederlandsche Bank ( email )

PO Box 98
1000 AB Amsterdam
Amsterdam, 1000 AB
Netherlands

Tobias Schmidt

Deutsche Bundesbank - Research Center ( email )

Wilhelm-Epstein-Str. 14
Frankfurt/Main, 60431
Germany

Scott Schuh

Federal Reserve Bank of Boston - Research Department ( email )

600 Atlantic Ave.
Boston, MA 02210
United States
617-973-3941 (Phone)
617-619-7541 (Fax)

Helmut Stix

Oesterreichische Nationalbank - Economic Studies Division ( email )

Otto-Wagner Platz 3
POB 61
Vienna 1011
Austria

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