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| 02264nam 2200349za 4500 |
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| 001 | 9.847795 |
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| 003 | CaOODSP |
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| 005 | 20221107153524 |
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| 007 | cr ||||||||||| |
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| 008 | 171127s2017 oncd #ob f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2017-47E-PDF |
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| 100 | 1 |aChen, Heng,|d1981- |
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| 245 | 10|aCash versus card |h[electronic resource] : |bpayment discontinuities and the burden of holding coins / |cby Heng Chen, Kim P. Huynh and Oz Shy. |
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| 246 | 10|aPayment discontinuities and the burden of holding coins |
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| 260 | |aOttawa : |bBank of Canada, |c2017. |
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| 300 | |aii, 26 p. : |bgraphs |
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| 490 | 1 |aBank of Canada staff working paper, |x1701-9397 ; |v2017-47 |
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| 500 | |a"November 2017." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | |a"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. Our novel method accounts for how much change is received in the form of banknotes and metal coins, assuming that the weight and size of coins are inconvenient to carry. We use the regression discontinuity design (RDD) approach to estimate the model using the 2013 Bank of Canada Method-of-Payments (MOP) Survey and find a significant number of cash users who switch to paying with debit or credit cards at transaction values marginally above $5 and $10. We attribute this finding to the burden of receiving coins as change associated with the currency denomination structure. Our proposed methodology is general and can be applied to other countries and institutional details."--Abstract, p. ii. |
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| 546 | |aText in English, abstract in English and French. |
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| 692 | 07|2gccst|aCoins |
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| 692 | 07|2gccst|aCredit |
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| 692 | 07|2gccst|aConsumers |
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| 700 | 1 |aHuynh, Kim P., |d1974- |
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| 700 | 1 |aShy, Oz. |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2017-47.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s697 KB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-5-2017-47-eng.pdf |
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