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

Carlos Alberto
Arango-Arango
Yassine
Bouhdaouiz
David
Bounie
Martina
Eschelbach
Lola
Hernández
Miércoles, 1 Enero 2014

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