Cash and COVID-19 : the effects of lifting containment measures on cash demand and use / by Heng Chen, Walter Engert, Kim P. Huynh, Gradon Nicholls and Julia Zhu.: FB3-6/2021-3E-PDF
"We conduct a follow-up to Chen et al. (2020) and study demand for and use of cash after the containment measures imposed at the beginning of the COVID-19 pandemic were relaxed during the summer of 2020. We find that bank notes in circulation continued to rise in July due to ongoing cash withdrawals and decreased cash deposits in the Bank Note Distribution System. The probability of consumers using cash for payments increased in July compared with April 2020. As well, consumer cash holdings, measured as the median value of cash on hand, returned to August 2019 levels"--Abstract, page ii.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.903070&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Cash and COVID-19 : the effects of lifting containment measures on cash demand and use / by Heng Chen, Walter Engert, Kim P. Huynh, Gradon Nicholls and Julia Zhu. |
| Variant title | Effects of lifting containment measures on cash demand and use |
| Series title | Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2021-3 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Cover title. "March 2, 2021." Includes bibliographical references (pages 13-14). |
| Publishing information | Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2021. ©2021 |
| Author / Contributor | Chen, Heng,1981- author. |
| Description | 1 online resource (ii, 17 pages) : graphs. |
| Catalogue number |
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| Subject terms | Demand for money -- Canada -- Statistics. Cash transactions -- Canada -- Statistics. COVID-19 (Disease) -- Economic aspects -- Canada. COVID-19 Pandemic, 2020-2023 -- Economic aspects -- Canada. Monnaie -- Demande -- Canada -- Statistiques. Opérations au comptant -- Canada -- Statistiques. COVID-19 -- Aspect économique -- Canada. Pandémie de COVID-19, 2020-2023 -- Aspect économique -- Canada. |
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