Cash management, payment patterns and the demand for money

Economist

Volumn 146, Issue 1, 1998, Pages 117-142

  Boeschoten, Willem C ^a,b  

^a KPN Pensioen ^*

^b DE NEDERLANDSCHE BANK   (Netherlands)

Author keywords

Demand for money; Individual effects; Multinomial logit analysis; Panel data; Payments system

Indexed keywords

EID: 0242554497     PISSN: 0013063X     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1003258026314     Document Type: Article

References (33)

1. APACS (1989), 'Consumer Payments and Financial Behaviour,' APACS Research Brief, Association for Payment Clearing Services, London.
2. Anderson, P.S. (1977), Currency in Use and in Hoards,' New England Economic Review, Federal Reserve Bank of Boston, pp. 21-30.
3. Avery, R.B., G.E. Elliehausen, A.B. Kennickell, and P.A. Spindt (1987), 'Changes in the Use of Transactions Accounts and Cash from 1984 to 1986,' Federal Reserve Bulletin, 73, pp. 179-196.
4. Baumol, W.J. (1952), 'The Transactions Demand for Cash: An Inventory-Theoretic Approach,' Quarterly Journal of Economics, 66, pp. 545-556.
5. Boeschoten, W.C. (1992), Currency Use and Payment Patterns, Dordrecht/Boston/London, Kluwer Academic Publishers.
6. Boeschoten, W.C. and M.M.G. Fase (1989), 'The Way We Pay with Money,' Journal of Business & Economic Statistics, 7, pp. 319-326.
7. Boeschoten, W.C. and M.M.G. Fase (1992), 'The Demand for Large Banknotes,' Journal of Money, Credit and Banking, 24, pp. 319-337.
8. Boeschoten, W.C. and A.C.J. Stokman (1996), 'The Introduction of the Euro: Results of a Survey for The Netherlands,' De Nederlandsche Bank Quarterly Bulletin, pp. 69-88.
9. Cramer, J.S. (1991), The Logit Model, London, Edward Arnold.
10. Cramer, J.S. and G.M. Reekers (1976), 'Money Demand by Sector,' Journal of Monetary Economics, 2, pp. 99-112.
11. Daniels, K.N. and N.B. Murphy (1994), 'The Impact of Technological Change on the Currency Behavior of Housholds: An Empirical Cross-section Study,' Journal of Money, Credit and Banking, 26, pp. 868-874.
12. Fase, M.M.G. and W.C. Boeschoten (1985), 'The Distribution of Payments and the Use of Bank Notes,' De Nederlandsche Bank Quarterly Bulletin, pp. 43-53.
13. Lydall, H.F. (1958), 'Income, Assets and the Demand for Money,' Review of Economics and Statistics, 40, pp. 1-14.
14. Marquis, M.H. and K.L. Reffet (1994), 'New Technology Spillovers into the Payment System', Economic Journal, 104, pp. 1123-1138.
15. Maddala, G.S. (1983), Limited-dependent and Qualitative Variables in Econometrics, Cambridge, Cambridge University Press.
16. Matutes, C. and A.J. Padilla (1994), 'Shared ATM Networks and Banking Competition,' European Economic Review, 38, pp. 1113-1138.
17. McFadden, D. (1989), 'A Method of Simulated Moments for Estimation of Discrete Response Models without Numerical Integration,' Econometrica, 57, pp. 995-1026.
18. Mot, E.S. and J.S. Cramer (1992), 'Mode of Payment in Household Expenditures,' De Economist, 140, pp. 488-500.
19. Mulligan, C.B. and X.X. Sala-i-Martin (1996), 'Adoption of Financial Technologies: Implications for Money Demand and Monetary Policy,' NBER Working Paper Series, No. 5504.
20. Murphy, N.B. (1991), 'One-stop Financial Service Delivery Opportunities in a World of Automated Self-service Banking: Some Evidence from the United States,' in: E.P.M. Gardener (ed.), The Future of Financial Systems and Services: Essays in Honour of Jack Revell, London, Macmillan and Co.
21. Murphy, N.B. and R.C. Rogers (1986), 'Life Cycle and the Adoption of Consumer Financial Innovation: An Empirical Study of the Adoption Process,' Journal of Bank Research, 17, pp. 3-8.
22. Nieuwenburg, C.F.K. (1969), 'New Evidence on the Determinants of the Demand for Money: An Empirical Study of Dutch Households,' European Economic Review, 13, pp. 257-274.
23. Paroush, J. and D. Ruthenberg (1986), 'Automated Teller Machines and the Share of Demand Deposits in the Money Supply: The Israeli Experience,' European Economic Review, 30, pp. 1207-1215.
24. Perdrix, M. (1994), 'La problématique des paiements par cartes prepayées,' Bulletin de la Banque de France, pp. 93-100.
25. Porter, R.D. (1993), 'Estimates of Foreign Holdings of U.S. Currency,' Board of Governors of the Federal Reserve System, Washington D.C.
26. Saloner, G. and A. Shepard (1992), 'Adoption of Technologies with Network Effects: An Empirical Examination of the Adoption of Automated Teller Machines,' NBER Working Paper, No. 4048.
27. Sprenkle, C.M. (1993), 'The Case of the Missing Currency,' Journal of Economic Perspectives, 7, pp. 175-184.
28. Trundle, J.M. and P.V. Temperton (1982), 'Recent Changes in the Use of Cash,' Bank of England Quarterly Bulletin, 22, pp. 519-529.
29. Virén, M. (1992), 'Financial Innovation and Currency Demand: Some New Evidence,' Empirical Economics, 17, pp. 451-461.
30. Virén, M. (1993), 'Large Banknotes Dominate Currency Demand,' Bank of Finland Bulletin, 67, pp. 8-13.
31. Virén, M. (1994), 'Demand for Different Payment Media in Finland,' Bank of Finland Bulletin, 68, pp. 12-16.
32. Whitesell, W.C. (1989), 'The Demand for Currency versus Debitable Accounts,' Journal of Money, Credit and Banking, 21, pp. 246-251.
33. Whitesell, W.C. (1992), 'Deposit Banks and the Market for Payment Media,' Journal of Money, Credit and Banking, 24, pp. 484-498.