Debit card and demand for cash
Type de document :
Article dans une revue scientifique: Article original
Titre :
Debit card and demand for cash
Auteur(s) :
Bounie, David [Auteur]
Département Sciences Economiques et Sociales [SES]
Institut interdisciplinaire de l’innovation de Telecom Paris [I3 SES]
François, Abel [Auteur]
Lille économie management - UMR 9221 [LEM]
Patrick, Waelbroeck [Auteur]
Département Sciences Economiques et Sociales [SES]
Institut interdisciplinaire de l’innovation de Telecom Paris [I3 SES]
Département Sciences Economiques et Sociales [SES]
Institut interdisciplinaire de l’innovation de Telecom Paris [I3 SES]
François, Abel [Auteur]
Lille économie management - UMR 9221 [LEM]
Patrick, Waelbroeck [Auteur]
Département Sciences Economiques et Sociales [SES]
Institut interdisciplinaire de l’innovation de Telecom Paris [I3 SES]
Titre de la revue :
Journal of Banking and Finance
Pagination :
55--66
Éditeur :
Elsevier
Date de publication :
2016-12
ISSN :
0378-4266
Mot(s)-clé(s) en anglais :
Demand for cash
Debit card
Endogenous ordinal probit
Debit card
Endogenous ordinal probit
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
Despite the growing importance of the debit card in most developed countries, there are relatively few academic studies that analyze the impact of such evolution on the demand for cash. Beyond data availability, this ...
Lire la suite >Despite the growing importance of the debit card in most developed countries, there are relatively few academic studies that analyze the impact of such evolution on the demand for cash. Beyond data availability, this research is complicated by the fact that the debit card provides two services for consumers - cash withdrawal and payment - that have contrasting effects on cash holdings and cash usage. Using micro-level data, we estimate the impacts of both services on the demand for cash by comparing the cash holdings and cash usage of three populations, namely non-cardholders, ATM-only cardholders, and debit cardholders. Controlling for various individual and network characteristics as well as a possible endogeneity issue, we find that the negative effect of the payment service on the demand for cash dominates the positive effect of the cash withdrawal service resulting in an overall negative impact of the debit card on the demand for cash.Lire moins >
Lire la suite >Despite the growing importance of the debit card in most developed countries, there are relatively few academic studies that analyze the impact of such evolution on the demand for cash. Beyond data availability, this research is complicated by the fact that the debit card provides two services for consumers - cash withdrawal and payment - that have contrasting effects on cash holdings and cash usage. Using micro-level data, we estimate the impacts of both services on the demand for cash by comparing the cash holdings and cash usage of three populations, namely non-cardholders, ATM-only cardholders, and debit cardholders. Controlling for various individual and network characteristics as well as a possible endogeneity issue, we find that the negative effect of the payment service on the demand for cash dominates the positive effect of the cash withdrawal service resulting in an overall negative impact of the debit card on the demand for cash.Lire moins >
Langue :
Anglais
Comité de lecture :
Oui
Audience :
Internationale
Vulgarisation :
Non
Collections :
Source :