Debit Card and Cash Usage: A Cross-Country Analysis
The Federal Reserve Bank of Chicago has published a new working paper by Eugene Amromin and Sujit Chakravorti titled "Debit Card and Cash Usage: A Cross-Country Analysis" (PDF). From the abstract: "During the last decade, debit card transactions grew rapidly in most advanced countries. While check usage declined and has almost disappeared in some countries, the stock of currency in circulation has not declined as fast. We use panel estimation techniques to analyze the change in transactional demand for cash resulting from greater usage of debit cards in 13 countries from 1988 to 2003."
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