Against the Tide - Currency Use Among Latin American Immigrants in Chicago
20 Pages Posted: 9 May 2007
While the U.S. continues to transition away from cash toward electronic payment methods, some population segments continue to rely heavily on cash. In this study of foreign-born Latin Americans in Chicago, the authors find that the dramatic increase in the number of immigrants is supporting a growing demand for currency, notably in the $100 denomination.
Keywords: immigration, currency demand, financial participation, domestic currency holdings, Personal Income, Wealth, and Their Distributions, Demand for Money, Banks, Other Depository Institutions, Micro Finance Institutions, Mortgages, Geographic Labor Mobility, Immigrant Workers
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