Kim Huynh

Senior Research Advisor

Kim P. Huynh research is a Senior Research Advisor 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.

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Kim Huynh

Senior Research Advisor
Currency
Economic Research and Analysis

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Curriculum vitae

Latest

November 16, 2017 Acceptance and Use of Payments at the Point of Sale in Canada

Merchants universally accept cash. Consumers widely hold cash but also carry debit and credit cards. The cost of using a method of payment has only a small influence on which method consumers use. Large merchants accept all payments, while only two-thirds of small and medium-sized businesses accept credit cards. Merchants report that credit cards are the costliest payment method compared with cash and debit cards. However, costs are not the only consideration. Merchant acceptance of credit accounts for the many con-sumers that want to use credit cards. This interaction between consumers and merchants is known as network externalities.

Adoption Costs of Financial Innovation: Evidence from Italian ATM Cards

The discrete choice to adopt a financial innovation affects a household’s exposure to inflation and transactions costs. We model this adoption decision as being subject to an unobserved cost.

May 14, 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, Digital Currencies 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.

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Journal Articles

Chapters in books

Education

  • 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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