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  1. This is what's in your wallet...and here's how you use It
    Autor*in: Briglevics, Tamás; Schuh, Scott
    Erschienen: 2014
    Verlag:  Federal Reserve Bank of Boston, Boston, Mass.

    Models of money demand, in the Baumol (1952)-Tobin (1956) tradition, describe optimal cash management policy in terms of when and how much cash to withdraw, an (s, S) policy. However, today, a vast array of instruments can be used to make payments,... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 82 (2014,5)
    Fernleihe:
    keine Fernleihe

     

    Models of money demand, in the Baumol (1952)-Tobin (1956) tradition, describe optimal cash management policy in terms of when and how much cash to withdraw, an (s, S) policy. However, today, a vast array of instruments can be used to make payments, opening additional ways to control cash holdings. This paper utilizes data from the 2012 Diary of Consumer Payment Choice to simultaneously analyze payment instrument choice and withdrawals. We use the insights in Rust (1987) to extend existing models of payment instrument choice into a dynamic setting to study cash management. Our estimates show that withdrawals are rather costly relative to the benefits of having cash. It takes 3-8 transactions to recoup the fixed withdrawal costs. The reason is that the shadow value of cash decreases substantially with the number of available payment instruments and, correspondingly, individuals are less likely to make withdrawals.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/107230
    Auflage/Ausgabe: This version: June 2014
    Schriftenreihe: Working paper series / Federal Reserve Bank of Boston ; 14-5
    Umfang: Online-Ressource (34 S.), graph. Darst.
  2. This is what’s in your wallet ... and how you use it
    Autor*in: Briglevics, Tamás; Schuh, Scott
    Erschienen: 2014
    Verlag:  European Central Bank, Frankfurt am Main

    Standort:
    Staats- und Universitätsbibliothek Bremen
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    Standort:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 534 (1684)
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    keine Fernleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/154117
    QB-AR-14-058-EN-N
    Schriftenreihe: Working paper series / European Central Bank ; 1684
    Umfang: Online-Ressource (28 S.), graph. Darst.
  3. U.S. consumer demand for cash in the era of low interest rates and electronic payments
    Autor*in: Briglevics, Tamás; Schuh, Scott
    Erschienen: 2014
    Verlag:  European Central Bank, Frankfurt am Main

    Standort:
    Staats- und Universitätsbibliothek Bremen
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    keine Fernleihe

    Standort:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Fernleihe:
    keine Fernleihe

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 534 (1660)
    Fernleihe:
    keine Fernleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/154093
    QB-AR-14-034-EN-N
    Schriftenreihe: Working paper series / European Central Bank ; 1660
    Umfang: Online-Ressource (37 S.), graph. Darst.
  4. This is "What's in your wallet" ... and here's how you use it
    Autor*in: Briglevics, Tamás; Schuh, Scott
    Erschienen: April 2020
    Verlag:  West Virginia University, College of Business and Economics, [Morgantown, WV]

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 525
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    keine Fernleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working papers series / West Virginia University, Department of Economics ; no. 20,04
    Schlagworte: Money demand; cash inventory management; payment demand; debit cards; credit cards; structural estimation; discrete-continuous choice; Diary of Consumer Payment Choice
    Umfang: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  5. More data, more credit?
    information sharing and bank credit to households
    Autor*in: Briglevics, Tamás; Karapetyan, Artashes; Ongena, Steven; Schindele, Ibolya
    Erschienen: March 2024
    Verlag:  Magyar Nemzeti Bank, Budapest

    We exploit a nation-wide introduction of mandatory disclosure of borrowers' total credit exposures and show that sharing such information increases credit access independent of borrowers' history. Differentiating between borrowers applying to... mehr

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 200
    Fernleihe:
    keine Fernleihe

     

    We exploit a nation-wide introduction of mandatory disclosure of borrowers' total credit exposures and show that sharing such information increases credit access independent of borrowers' history. Differentiating between borrowers applying to competitor banks and those reapplying to their current banks, as well as between borrowers with and without default history, we find an overall increase in credit access measured by both loan application acceptance and credit amount. While credit access increases, default rates decrease, generating an increase in aggregate welfare.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/299290
    Schriftenreihe: MNB working papers ; 2024, 1
    Schlagworte: information sharing; bank lending; household access to credit
    Umfang: 1 Online-Ressource (circa 48 Seiten)
  6. U.S. consumer demand for cash in the era of low interest rates and electronic payments
    Autor*in: Briglevics, Tamás; Schuh, Scott
    Erschienen: 2013
    Verlag:  Federal Reserve Bank of Boston, Boston, Mass.

    U.S. consumers' demand for cash is estimated with new panel micro data for 2008-2010 using econometric methodology similar to Mulligan and Sala-i-Martin (2000); Attanasio, Guiso, and Jappelli (2002); and Lippi and Secchi (2009). We extend the... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 82 (2013,23)
    Fernleihe:
    keine Fernleihe

     

    U.S. consumers' demand for cash is estimated with new panel micro data for 2008-2010 using econometric methodology similar to Mulligan and Sala-i-Martin (2000); Attanasio, Guiso, and Jappelli (2002); and Lippi and Secchi (2009). We extend the Baumol-Tobin model to allow for credit card payments and revolving debt, as in Sastry (1970). With interest rates near zero, cash demand by consumers using credit cards for convenience (without revolving debt) has the same small, negative, interest elasticity as estimated in earlier periods and with broader money measures. However, cash demand by consumers using credit cards to borrow (with revolving debt) is interest inelastic. These findings may have aggregate implications for the welfare cost of inflation because then nontrivial share of consumers who revolve credit card debt are less likely to switch from cash to credit. In the 21st century, consumers get cash from bank and nonbank sources with heterogeneous transactions costs, so withdrawal location is essential to identify cash demand properly.

     
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    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/107218
    Auflage/Ausgabe: This version: December 2013
    Schriftenreihe: Working paper series / Federal Reserve Bank of Boston ; 13-23
    Umfang: Online-Ressource (36 S.), graph. Darst.
  7. Why don't most merchants use price discounts to steer consumer payment choice?
    Autor*in: Briglevics, Tamás; Shy, Oz
    Erschienen: 2012
    Verlag:  Federal Reserve Bank of Boston, Boston, Mass.

    Recent legislation and court settlements in the United States allow merchants to use price discounts to steer customers to pay with means of payment that are less costly to merchants. This paper suggests one method of calculating merchants' change in... mehr

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 83 (2012,9)
    Fernleihe:
    keine Fernleihe

     

    Recent legislation and court settlements in the United States allow merchants to use price discounts to steer customers to pay with means of payment that are less costly to merchants. This paper suggests one method of calculating merchants' change in profit associated with giving price discounts to buyers who pay with debit cards and cash. We use data from the pilot of the Boston Fed's Diary of Consumer Payment Choice to compute rough estimates of the expected net cost reduction by merchant type that may result from debit card and cash price discounts. We find that steering consumers to debit and cash via price discounts reduces some merchants' card costs. However, this cost reduction may be insufficient to offset the cost increase of administering price menus that vary by payment instrument. In addition, rewards buyers receive on credit card transactions may exceed the price discounts that merchants can provide. These factors may explain why steering via price discounts is not widely observed. -- steering payment methods ; price discounts ; card surcharges ; merchant discount fee ; swipe cost ; payment instruments ; payment methods

     
    Export in Literaturverwaltung   RIS-Format
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    Hinweise zum Inhalt
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/99121
    Auflage/Ausgabe: Version of: December 13, 2012
    Schriftenreihe: Public policy discussion papers / Federal Reserve Bank of Boston ; 12-9
    Umfang: Online-Ressource, graph. Darst.