A Uniform Currency in a Cashless Economy
A number of questions can arise when considering the implications of a cashless society. This note considers whether cash is necessary for a uniform currency.
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result(s)
Cashless Bank Branches in Canada
Staff analytical note 2019-29
Walter Engert,
Ben Fung
Cashless or tellerless bank branches have proliferated in several countries in recent years. In a cashless bank branch, teller or counter services such as cash withdrawals, deposits and cheque-cashing are not available.
Content Type(s):
Staff research,
Staff analytical notes
JEL Code(s):
E,
E4,
E41,
E42,
E5,
E51
Research Theme(s):
Money and payments,
Cash and bank notes,
Digital assets and fintech,
Retail payments
Explaining Unusual Cash Patterns in 2018
Staff analytical note 2019-22
Walter Engert,
Ben Fung,
Jozsef Molnar,
Gradon Nicholls
There was an unusually large decline of bank notes in circulation in October 2018. Some have argued that this was due to the legalization of cannabis in Canada in mid-October.
Content Type(s):
Staff research,
Staff analytical notes
JEL Code(s):
E,
E4,
E41,
E42,
E5,
E58
Research Theme(s):
Money and payments,
Cash and bank notes
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.
Content Type(s):
Staff research,
Staff analytical notes
JEL Code(s):
C,
C2,
D,
D1,
E,
E4,
E41
Research Theme(s):
Models and tools,
Econometric, statistical and computational methods,
Money and payments,
Cash and bank notes,
Retail payments