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Currency Use and Payment Patterns (Paperback, 1992 ed.)
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Currency Use and Payment Patterns (Paperback, 1992 ed.)
Series: Financial and Monetary Policy Studies, 23
Expected to ship within 10 - 15 working days
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Acknowledgements The work underlying this study was performed at
the Econometric and Special Studies Department of the Nederlandsche
Bank, where many contributed to it. I am indebted to all the
statistical assistants of the department, especially to Anja
Wouters and Rob Vet for their patient assistance in building up the
data sets and analysing the survey data. Also Corina den Broeder
rendered devoted and persistent research assistance with respect to
the multicountry analysis during her stay at the Bank and I am
grateful to Mike Clements of the Bank of England for his careful
reading and commenting on that part. My collegues Peter van Els and
Carlo Winder made some valuable suggestions. Liesbeth Klein and
Coen Collee helped me avoid a number of errors in English, and
thanks to the skilful efforts of Marietta Bakker, Gita Gajapersad
and Carolien Verhoeven the text looks as it does. Above all, lowe a
debt of gratitude to Martin Fase, one of the pioneers in this field
of research, for his efforts and contribution to the improvement of
this study. INTRODUCTION We seem to be well on the way to a
cashless society. Paradoxically, however, the majority of the
transactions are still paid in cash even in the most advanced
economies. A second paradoxical observation is that, despite the
primary and common character of currency, the economic theory on
the use of and demand for cash is only rarely supported by
empirical evidence.
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