Cash management and payment choices : a simulation model with international comparisons
Borradores de Economía; No. 804
Date published
2014-01-17Date of last update
2014-01-17Author
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
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
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https://repositorio.banrep.gov.co/handle/20.500.12134/6090https://hdl.handle.net/20.500.12134/6090
https://doi.org/10.32468/be.804
https://ideas.repec.org/p/bdr/borrec/804.html
https://ideas.repec.org/p/col/000094/011124.html
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