文章基本信息

标题：This is what's in your wallet... and how you use it
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作者：Tamás Briglevics ; Scott Schuh
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2014
出版社：European Central Bank
摘要：Data from the 2012 Diary of Consumer Payment Choice (DCPC) showssubstantial changes in payment instrument use of U.S. households comparedto the results in Klee (2008) (which were based on data from 2001): Checkshave virtually disappeared from purchase transactions, while still play arole in bill payments. Cash, on the other hand, still plays a large role forlow-value transactions. The diary data is used to jointly analyze paymentinstrument use and consumers' demand for liquid assets. Preliminary resultsindicate that payment instrument choice is an integral part of consumers'cash management practices and hence cash demand; therefore, contraryto simple Baumol (1952)|Tobin (1956) models, they should be analyzedtogether.
关键词：payment instrument choice; money demand; cash withdrawals;payment cards; Diary of Consumer Payment Choice