00000nam 2200000zi 4500 9.894964 CaOODSP 20221107173906 m o d f cr mn||||||||| 201230t20202020onca ob f000 0 eng d CaOODSP eng rda CaOODSP n-cn--- y1y1 FB3-5/2020-56E-PDF Felt, Marie-Hélène, author. Losing contact : the impact of contactless payments on cash usage / by Marie-Hélène Felt. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (ii, 34 pages) : illustrations (some colour). text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-56 "Last updated: December 23, 2020." Includes bibliographical references (pages 19-20). "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. Electronic funds transfers Canada Econometric models. Cash transactions Canada Econometric models. Monnaie électronique Canada Modèles économétriques. Opérations au comptant Canada Modèles économétriques. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2020-56. (CaOODSP)9.806221 PDF 560 KB https://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-56-eng.pdf