Carlos Arango - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-18T23:15:55+00:00Cash Management and Payment Choices: A Simulation Model with International Comparisons
https://www.bankofcanada.ca/2013/12/working-paper-2013-53/
Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper develops a simulation model to test whether standard implications of the theory on cash management and payment choices can explain the use of payment instruments by transaction size.2013-12-30T08:55:48+00:00enCash Management and Payment Choices: A Simulation Model with International Comparisons2013-12-30Bank notesFinancial servicesInternational topicsWorking Paper 2013-53https://www.bankofcanada.ca/wp-content/uploads/2013/12/wp2013-53.pdfCash Management and Payment Choices: A Simulation Model with International ComparisonsCarlos ArangoYassine BouhdaouiDavid BounieMartina EschelbachLola HernándezDecember 2013CC6C61EE4E41E47The Changing Landscape for Retail Payments in Canada and the Implications for the Demand for Cash
https://www.bankofcanada.ca/wp-content/uploads/2012/11/boc-review-autumn12-arango.pdf
Over the past 20 years, there has been a major shift away from the use of paper-based retail payment instruments, such as cash and cheques, toward electronic means of payment, such as debit cards and credit cards. Recent Bank of Canada research on consumers’ choice of payment instruments indicates that cash is frequently used for transactions with low values because of its speed, ease of use and wide acceptance, while debit and credit cards are more commonly used for transactions with higher values because of perceived attributes such as safety and record keeping. While innovations in retail payments currently being introduced into the Canadian marketplace could lead to a further reduction in the use of cash over the longer term, the implications for the use of cash of some of the structural and regulatory developments under way are less clear.2012-11-15T07:40:57+00:00enThe Changing Landscape for Retail Payments in Canada and the Implications for the Demand for Cash2012-11-15The Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key Results
https://www.bankofcanada.ca/2012/09/discussion-paper-2012-6/
The authors present the methodology and main findings of the Bank of Canada’s 2009 Methods-of-Payment survey, a detailed investigation of consumer payment behaviour in Canada. The survey targeted the 18- to 75-year-old Canadian resident population.2012-09-07T13:02:11+00:00enThe Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key Results2012-09-07Bank notesFinancial servicesPayment clearing and settlement systemsDiscussion Paper 2012-6https://www.bankofcanada.ca/wp-content/uploads/2012/09/dp2012-06.pdfThe Bank of Canada’s 2009 Methods-of-Payment Survey: Methodology and Key ResultsCarlos ArangoAngelika WelteSeptember 2012EE4Why Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment Survey
https://www.bankofcanada.ca/2012/02/discussion-paper-2012-2/
The authors present key insights from the Bank of Canada’s 2009 Methods-of-Payment survey. In the survey, about 6,800 participants completed a questionnaire with detailed information regarding their personal finances, as well as their use and perceptions of different payment methods.2012-02-17T14:21:53+00:00enWhy Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment Survey2012-02-17Bank notesFinancial servicesDiscussion Paper 2012-2https://www.bankofcanada.ca/wp-content/uploads/2012/02/dp2012-02.pdfWhy Is Cash (Still) So Entrenched? Insights from the Bank of Canada’s 2009 Methods-of-Payment SurveyCarlos ArangoDylan HoggAlyssa LeeFebruary 2012DD1D12EE4E41LL8L81How Do You Pay? The Role of Incentives at the Point-of-Sale
https://www.bankofcanada.ca/2011/10/working-paper-2011-23/
This paper uses discrete-choice models to quantify the role of consumer socioeconomic characteristics, payment instrument attributes, and transaction features on the probability of using cash, debit card, or credit card at the point-of-sale.2011-10-27T11:41:45+00:00enHow Do You Pay? The Role of Incentives at the Point-of-Sale2011-10-27Bank notesEconometric and statistical methodsFinancial servicesWorking Paper 2011-23https://www.bankofcanada.ca/wp-content/uploads/2011/10/wp2011-23.pdfHow Do You Pay? The Role of Incentives at the Point-of-SaleCarlos ArangoKim HuynhLeonard SabettiOctober 2011CC3C35C8C83EE4E41The Role of Convenience and Risk in Consumers' Means of Payment
https://www.bankofcanada.ca/2009/07/discussion-paper-2009-8/
Using data from a 2004 survey of the Canadian public, the authors study the role of convenience and risk in consumers' use of cash relative to debit and credit cards. The authors find that consumers who perceive debit cards and credit cards to be more convenient and less risky than cash use them more frequently.2009-07-01T06:00:00+00:00enThe Role of Convenience and Risk in Consumers' Means of Payment2009-07-01Bank notesDiscussion Paper 2009-8https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp09-8.pdfThe Role of Convenience and Risk in Consumers’ Means of PaymentCarlos ArangoVarya TaylorJuly 2009EE4E41LL2Merchants' Costs of Accepting Means of Payment: Is Cash the Least Costly?
https://www.bankofcanada.ca/wp-content/uploads/2010/06/arango_taylor.pdf
In a competitive sales environment, merchants are compelled to offer consumers the option of paying for goods and services using a variety of payment methods, including cash, debit card, or credit card. Each method entails different costs and benefits to merchants. To better understand the costs of accepting retail payments, the Bank of Canada surveyed over 500 Canadian merchants and found that most consider cash the least costly. This article investigated this perception by calculating the variable costs per transaction of accepting different means of payment. The findings are that costs for each payment method vary by merchant and transaction value, with debit cards the least costly payment for a broad cross-section of merchants.2008-11-11T14:05:06+00:00enMerchants' Costs of Accepting Means of Payment: Is Cash the Least Costly?2008-11-11Merchant Acceptance, Costs, and Perceptions of Retail Payments: A Canadian Survey
https://www.bankofcanada.ca/2008/08/discussion-paper-2008-12/
Using the results of a survey on accepted means of payment, the authors examine merchant preferences and perceptions of retail payment reliability, risk, and costs; the share of each type of payment method over total sales; and the costs involved in accepting payments.2008-08-25T14:09:32+00:00enMerchant Acceptance, Costs, and Perceptions of Retail Payments: A Canadian Survey2008-08-25Bank notesDiscussion Paper 2008-12https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp08-12.pdfMerchant Acceptance, Costs, and Perceptions of Retail Payments: A Canadian SurveyCarlos ArangoVarya TaylorAugust 2008EE4E41LL2