Kim Huynh

Principal Researcher

Kim P. Huynh research is a Principal Researcher in the Currency Department at the Bank of Canada. His research interests include industrial economics and applied econometrics. Kim P. Huynh received his PhD in economics from Queen’s University.


Kim Huynh

Principal Researcher
Economic Research and Analysis

Bank of Canada
234 Laurier Avenue West
Ottawa, ON, K1A 0G9

Curriculum vitae


14 May 2015 The Use of Cash in Canada

The Bank of Canada’s 2013 Methods-of-Payment Survey indicates that the share of cash in the overall number of retail transactions has continued to decrease, mainly because of increased use of contactless credit cards. The share of cash in the total value of retail transactions was virtually unchanged from 2009 to 2013. In particular, the value share of cash transactions above $50 increased. Automated banking machines (ABMs), still the major source of cash for Canadians, were used less often in 2013 than in 2009. Cash use in Canada is broadly similar to that in Australia and the United States.

2013 Methods-of-Payment Survey Results

Staff Discussion Paper 2015-4 Christopher Henry, Kim Huynh, Rallye Shen
As the sole issuer of bank notes, the Bank of Canada conducts methods-of-payment (MOP) surveys to obtain a detailed and representative snapshot of Canadian payment choices, with a focus on cash usage.
Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Bank notes, E-Money JEL Code(s): E, E4

The Role of Card Acceptance in the Transaction Demand for Money

Staff Working Paper 2014-44 Kim Huynh, Philipp Schmidt-Dengler, Helmut Stix
The use of payment cards, either debit or credit, is becoming more and more widespread in developed economies. Nevertheless, the use of cash remains significant.

Retail Payment Innovations and Cash Usage: Accounting for Attrition Using Refreshment Samples

Staff Working Paper 2014-27 Heng Chen, Marie-Hélène Felt, Kim Huynh
We exploit the panel dimension of the Canadian Financial Monitor (CFM) data to estimate the impact of retail payment innovations on cash usage. We estimate a semiparametric panel data model that accounts for unobserved heterogeneity and allows for general forms of non-random attrition.

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

We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the United States).

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Journal Articles

Chapters in books


  • Ph.D., Queen's University (2004)
  • M.A., University of British Columbia (1999)
  • HBA COOP, University of Calgary (1998)

Research Interests

  • Firm/Industry Dynamics,
  • Economics of Payment and Financial Innovation,
  • Cross-Section and Panel Data,
  • Semi-Nonparametric methods.


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