Financial innovation and the transactions demand for cash

Econometrica

Volumn 77, Issue 2, 2009, Pages 363-402

  Alvarez, Fernando ^a,b   Lippi, Francesco ^c,d  

^a UNIVERSITY OF CHICAGO   (United States)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

^c UNIVERSITY OF SASSARI   (Italy)

^d CEPR   (Italy)

Author keywords

Inventory models; Money demand; Technological progress

Indexed keywords

EID: 61849091294     PISSN: 00129682     EISSN: 14680262     Source Type: Journal    
DOI: 10.3982/ECTA7451     Document Type: Article

References (20)

1. Alvarez, F. E., and F. Lippi (2007 Financial Innovation and the Transactions Demand for Cash Working Paper 13416, National Bureau of Economic Research.
2. Alvarez, F. E., and F. Lippi (2009 Supplement to 'Financial Innovation and the Transactions Demand for Cash' Econometrica Supplemental Material, 77, http://econometricsociety.org/ecta/Supmat/7451-data.pdf.
3. Attanasio, O., L. Guiso, and T. Jappelli (2002 The Demand for Money, Financial Innovation and the Welfare Cost of Inflation: An Analysis With Household Data Journal of Political Economy, 110, 318 351.
4. Baumol, W. J. (1952 The Transactions Demand for Cash: An Inventory Theoretic Model Quarterly Journal of Economics, 66, 545 556.
5. Constantinides, G. M. (1976 Stochastic Cash Management With Fixed and Proportional Transaction Costs Management Science, 22, 1320 1331.
6. Constantinides, G. M., and S. F. Richard (1978 Existence of Optimal Simple Policies for Discounted-Cost Inventory and Cash Management in Continuous Time Operations Research, 26, 620 636.
7. Cooley, T., and G. Hansen (1991 The Welfare Costs of Moderate Inflations Journal of Money, Credit and Banking, 23, 483 503.
8. Daniels, K. N., and N. B. Murphy (1994 The Impact of Technological Change on the Currency Behavior of Households: An Empirical Cross Section Study Journal of Money, Credit and Banking, 26, 867 874.
9. Dotsey, M. (1988 The Demand for Currency in the United States Journal of Money, Credit and Banking, 20, 22 40.
10. Frenkel, J. A., and B. Jovanovic (1980 On Transactions and Precautionary Demand for Money The Quarterly Journal of Economics, 95, 25 43.
11. Humphrey, D. B. (2004 Replacement of Cash by Cards in US Consumer Payments Journal of Economics and Business, 56, 211 225.
12. Lippi, F., and A. Secchi (2009 Technological Change and the Households' Demand for Currency Journal of Monetary Economics (forthcoming).
13. Lucas, R. E. J. (2000 Inflation and Welfare Econometrica, 68, 247 274.
14. Lucas, R. E. J., and N. L. Stokey (1987 Money and Interest in a Cash-in-Advance Economy Econometrica, 55, 491 513.
15. Miller, M., and D. Orr (1966 A Model of the Demand for Money by Firms Quarterly Journal of Economics, 80, 413 435.
16. Mooslechner, P., H. Stix, and K. Wagner (2006 How Are Payments Made in Austria? Results of a Survey on the Structure of Austrian Households Use of Payment Means in the Context of Monetary Policy Analysis Monetary Policy and the Economy, 2, 111 134.
17. Porter, R. D., and R. A. Judson (1996 The Location of U.S. Currency: How Much Is Abroad? Federal Reserve Bulletin, 82, 883 903.
18. Retail Banking Research (RBR) (2005 Study of the Impact of Regulation 2560/2001 on Bank Charges for National Payments Report RBR, prepared for the European Commission, London.
19. Stix, H. (2004 How Do Debit Cards Affect Cash Demand? Survey Data Evidence Empirica, 31, 93 115.
20. Tobin, J. (1956 The Interest Elasticity of Transactions Demand for Money Review of Economics and Statistics, 38, 241 247.