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.


Kim Huynh

Senior Research Advisor
Economic Research and Analysis

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

Curriculum vitae


Merchant Acceptance of Cash and Credit Cards at the Point of Sale

Staff Analytical Note 2018-1 Ben Fung, Kim Huynh, Kerry Nield, Angelika Welte
Recent data show that the use of credit cards in Canada has been increasing, while the use of cash has been declining. At the same time, only two-thirds of small or medium-sized businesses accept credit cards.

Bitcoin Awareness and Usage in Canada

Staff Working Paper 2017-56 Christopher Henry, Kim Huynh, Gradon Nicholls
There has been tremendous discussion of Bitcoin, digital currencies and FinTech. However, there is limited empirical evidence of Bitcoin’s adoption and usage. We propose a methodology to collect a nationally representative sample using the Bitcoin Omnibus Survey (BTCOS) to track the ubiquity and usage of Bitcoin in Canada.

Cash Versus Card: Payment Discontinuities and the Burden of Holding Coins

Staff Working Paper 2017-47 Heng Chen, Kim Huynh, Oz Shy
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.

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.

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Journal Articles

Chapters in books


  • 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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