This article examines the impact of electronic payments on cash demand, revealing a significant substitution effect across economies, with idiosyncratic factors also influencing cash usage. Emerging economies show continued cash demand despite the rise of digital payments.
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| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | |
| Authors: | Alejandro Jara, Luis Cabezas |
| Geographic focus: | Global |
| Page count: | páginas. 119-14 |
The research employs panel and cross-sectional econometric models to analyze data from 21 countries between 2000-2016. It considers variables like financial depth, GDP per capita, ATM availability, and the number of credit and debit cards per capita.
(Generated with the help of GPT-4)
The study analyzes the relationship between the increasing use of electronic payments and the demand for cash, using panel and cross-sectional data from 2000-2016. It finds a significant substitution effect, though cash remains prevalent due to various country-specific factors.
(Generated with the help of GPT-4)