Cash management and payment choices : a simulation model with international comparisons

Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper develops a simulation model to test whether standard implications of the theory on cash management and payment choices can explain the use of

Detalles Bibliográficos
Autores Principales: Arango-Arango, Carlos Alberto, Bouhdaouiz, Yassine, Bounie, David, Eschelbach, Martina, Hernández, Lola
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2014
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/6090
Descripción
Sumario:Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper develops a simulation model to test whether standard implications of the theory on cash management and payment choices can explain the use of