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

Number: 
804
Published: 
Classification JEL: 
C61, E41, E47
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

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