How Do Debit Cards Affect Cash Demand ? Survey Data Evidence

@inproceedings{Stix2003HowDD,
  title={How Do Debit Cards Affect Cash Demand ? Survey Data Evidence},
  author={Helmut Stix},
  year={2003}
}
  • Helmut Stix
  • Published 2003
This paper analyzes how EFT-POS payments and ATM withdrawals affect purse cash demand. In particular, survey data about Austrian individuals are employed to estimate a cash demand equation which takes account of sample selection effects. The results reveal that purse cash demand is significantly affected by debit card usage and that there are significant differences in cash demand for individuals with different debit card usage frequencies. For example, the point estimates imply that… CONTINUE READING
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