Angelika Welte - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:56:45+00:00Payment Habits During COVID-19: Evidence from High-Frequency Transaction Data
https://www.bankofcanada.ca/2021/09/staff-working-paper-2021-43/
We examine how consumers have adjusted their payment habits during the COVID-19 pandemic. They seem to perform fewer transactions, spend more in each transaction, use less cash at the point of sale and withdraw cash from ATMs linked to their financial institution more often than from other ATMs.2021-09-10T09:14:25+00:00enPayment Habits During COVID-19: Evidence from High-Frequency Transaction Data2021-09-10Coronavirus disease (COVID-19)Domestic demand and componentsPayment clearing and settlement systemsRecent economic and financial developmentsStaff Working Paper 2021-43https://www.bankofcanada.ca/wp-content/uploads/2021/09/swp2021-43.pdfPayment Habits During COVID-19: Evidence from High-Frequency Transaction DataTatjana DahlhausAngelika WelteSeptember 2021CC2C22C5C55DD1D12EE2E21E4E42E5E52Distributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United States
https://www.bankofcanada.ca/2021/02/staff-working-paper-2021-8/
Although credit cards are more expensive for merchants to accept than cash or debit cards, merchants typically pass through their costs evenly to all customers. Along with consumer card rewards and banking fees, this creates cross-subsidies between payment methods. Because higher-income individuals tend to use credit cards more than those with lower incomes, our results indicate that these cross-subsidies might lead to regressive distributional effects.2021-02-05T10:29:38+00:00enDistributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United States2021-02-05Bank notesFinancial institutionsFinancial servicesMarket structure and pricingPayment clearing and settlement systemsStaff Working Paper 2021-8https://www.bankofcanada.ca/wp-content/uploads/2021/02/swp2021-8.pdfDistributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United StatesMarie-Hélène FeltFumiko HayashiJoanna StavinsAngelika WelteFebruary 2021DD1D12D2D23D3D31EE4E42GG2G21LL8L81Adoption Costs of Financial Innovation: Evidence from Italian ATM Cards
https://www.bankofcanada.ca/2017/02/staff-working-paper-2017-8/
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.2017-02-17T10:25:50+00:00enAdoption Costs of Financial Innovation: Evidence from Italian ATM Cards2017-02-17Bank notesEconometric and statistical methodsFinancial servicesStaff Working Paper 2017-8https://www.bankofcanada.ca/wp-content/uploads/2017/02/swp2017-8.pdfAdoption Costs of Financial Innovation: Evidence from Italian ATM CardsKim HuynhPhilipp Schmidt-DenglerGregor W. SmithAngelika WelteFebruary 2017CC3C35DD1D14EE4E41Wait a Minute: The Efficacy of Discounting versus Non-Pecuniary Payment Steering
https://www.bankofcanada.ca/2016/02/staff-working-paper-2016-8/
Merchants who accept credit cards face payment processing fees. In most countries, the no-surcharge rule prohibits them from using surcharges to pass these fees on to customers.2016-02-29T14:44:40+00:00enWait a Minute: The Efficacy of Discounting versus Non-Pecuniary Payment Steering2016-02-29Bank notesMarket structure and pricingPayment clearing and settlement systemsStaff Working Paper 2016-8https://www.bankofcanada.ca/wp-content/uploads/2016/02/swp2016-8.pdfWait a Minute: The Efficacy of Discounting versus Non-Pecuniary Payment SteeringAngelika WelteFebruary 2016DD1D12EE5E58GG2G28Why Do Shoppers Use Cash? Evidence from Shopping Diary Data
https://www.bankofcanada.ca/2012/07/working-paper-2012-24/
Recent studies find that cash remains a dominant payment choice for small-value transactions despite the prevalence of alternative means of payment such as debit and credit cards. For policy makers an important question is whether consumers truly prefer using cash or merchants restrict card usage.2012-07-27T12:33:18+00:00enWhy Do Shoppers Use Cash? Evidence from Shopping Diary Data2012-07-27Bank notesEconometric and statistical methodsFinancial servicesWorking Paper 2012-24https://www.bankofcanada.ca/wp-content/uploads/2012/07/wp2012-24.pdfWhy Do Shoppers Use Cash? Evidence from Shopping Diary DataNaoki WakamoriAngelika WelteJuly 2012CC2DD1GG2