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Bank of Canada RSS Feedsen2024-03-28T14:04:34+00:00Cash Versus Card: Payment Discontinuities and the Burden of Holding Coins
https://www.bankofcanada.ca/2017/11/staff-working-paper-2017-47/
Cash is the preferred method of payment for small value transactions generally less than $25. We provide insight to this finding with a new theoretical model that characterizes and compares consumers’ costs of paying with cash to paying with cards for each transaction.2017-11-20T10:06:01+00:00enCash Versus Card: Payment Discontinuities and the Burden of Holding Coins2017-11-20Bank notesEconometric and statistical methodsStaff Working Paper 2017-47https://www.bankofcanada.ca/wp-content/uploads/2017/11/swp2017-47.pdfCash Versus Card: Payment Discontinuities and the Burden of Holding CoinsHeng ChenKim HuynhOz ShyNovember 2017DD0D03EE4E42