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Bank of Canada RSS Feedsen2024-03-28T22:08:21+00:00Understanding the Cash Demand Puzzle
https://www.bankofcanada.ca/2014/06/working-paper-2014-22/
We develop a model to explain a puzzling trend in cash demand in recent years: the value of bank notes in circulation as a percentage of GDP has remained stable despite decreasing cash usage at points of sale owing to competition from alternative means of payment such as credit cards.2014-06-05T07:59:17+00:00enUnderstanding the Cash Demand Puzzle2014-06-05Bank notesCredit and credit aggregatesDigital currencies and fintechWorking Paper 2014-22https://www.bankofcanada.ca/wp-content/uploads/2014/06/wp2014-22.pdfUnderstanding the Cash Demand PuzzleJanet Hua JiangEnchuan ShaoJune 2014EE4E41E5E51