Losing contact : the impact of contactless payments on cash usage / by Marie-Hélène Felt.: FB3-5/2020-56E-PDF
"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.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.894964&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Losing contact : the impact of contactless payments on cash usage / by Marie-Hélène Felt. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-56 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "Last updated: December 23, 2020." Includes bibliographical references (pages 19-20). |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 |
| Author / Contributor | Felt, Marie-Hélène, author. |
| Description | 1 online resource (ii, 34 pages) : illustrations (some colour). |
| Catalogue number |
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| Subject terms | Electronic funds transfers -- Canada -- Econometric models. Cash transactions -- Canada -- Econometric models. Monnaie électronique -- Canada -- Modèles économétriques. Opérations au comptant -- Canada -- Modèles économétriques. |