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008201230t20202020onca    ob   f000 0 eng d
040 |aCaOODSP|beng|erda|cCaOODSP
043 |an-cn---
045 |ay1y1
0861 |aFB3-5/2020-56E-PDF
1001 |aFelt, Marie-Hélène, |eauthor.
24510|aLosing contact : |bthe impact of contactless payments on cash usage / |cby Marie-Hélène Felt.
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2020.
264 4|c©2020
300 |a1 online resource (ii, 34 pages) : |billustrations (some colour).
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2020-56
500 |a"Last updated: December 23, 2020."
504 |aIncludes bibliographical references (pages 19-20).
5203 |a"I investigate the impact of contactless credit cards (CTCs) on cash use in Canada, using panel data between 2010 and 2017. I show that ignoring unobserved heterogeneity would lead to overstating the impact of CTCs on cash usage in a linear model. Using finite mixture modelling, I provide evidence of the differential impacts of CTCs on the extensive versus intensive margins of cash usage. I use a two-part model, with an exclusion restriction for better identification, to model both margins separately. I obtain that CTC use negatively influences the intensive margin of cash usage but not its extensive margin. There is no clear evidence of an S-curve pattern in the impact of CTCs on cash usage over the sample period"--Abstract, page ii.
650 0|aElectronic funds transfers|zCanada|xEconometric models.
650 0|aCash transactions|zCanada|xEconometric models.
650 6|aMonnaie électronique|zCanada|xModèles économétriques.
650 6|aOpérations au comptant |zCanada|xModèles économétriques.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2020-56.|w(CaOODSP)9.806221
85640|qPDF|s560 KB|uhttps://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-56-eng.pdf