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The pandemic cash and retail payment behaviour : insights from the future of payments databas

Auer, Raphael A.; Cornelli, Giulio; Frost, Jon - 2023

? What do they imply for the future of cash and digital payments? We assemble a new "Future of Payments" database on retail … countries. We find that card-not-present payments, payment app downloads and the volume of cash in circulation all rose in weeks …

Persistent link: https://www.econbiz.de/10013536195

Distrust or speculation? : the socioeconomic drivers of U.S. cryptocurrency investments

Auer, Raphael A.; Tercero-Lucas, David - 2021

, investors show no differences in their level of security concerns with either cash or commercial banking services. We find that …

Persistent link: https://www.econbiz.de/10012619271

Payment innovations, the shadow economy and cash demand of households in euro area countries

Reimers, Hans-Eggert; Schneider, Friedrich; Seitz, Franz - 2020

We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a … panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and … opportunity costs, we concentrate on cashless payments media as substitutes to cash payments and the role of the shadow economy …

Persistent link: https://www.econbiz.de/10012291866

The IZA/Fable swipe consumption index

Askitas, Nikos; Martinez, Anoop Bindra; Cereda, Fabio - 2024

This paper introduces a novel monthly consumption indicator: the IZA / Fable Data consumption indicator for Germany. It is based on credit card transactions data collected and anonymised by Fable Data from 2017 onwards. We study some of the properties of the data and use a so-called ”one year...

Persistent link: https://www.econbiz.de/10015075035

Households' response to the wealth effects of inflation

Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas - 2023

We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...

Persistent link: https://www.econbiz.de/10014364676

Remittances, banking status and the usage of insurance schemes

Crayen, Dorothee; Hainz, Christa; Ströh de Martínez, … - 2010

Empirical evidence that migrants send home more remittances after disasters raises the question of whether remittances can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a unique data set on the usage patterns of financial services...

Persistent link: https://www.econbiz.de/10003983213

Are consumers planning consumption according to an Euler equation?

Dräger, Lena - 2016

Evaluating a new survey dataset of German consumers, we test whether individual consumption plans are formed according to an Euler equation derived from consumption life-cycle models. Estimating several consumption Euler equations, the results are mostly in line with the theory: We find evidence...

Persistent link: https://www.econbiz.de/10011573880

MPC heterogeneity and household balance sheets

Fagereng, Andreas; Holm, Martin Blomhoff; Natvik, Gisle … - 2018

We use sizeable lottery prizes in Norwegian administrative panel data to characterize households' marginal propensities to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and how lottery prizes are spent and saved over time. We...

Persistent link: https://www.econbiz.de/10011872933

Perceived precautionary savings motives : evidence from FinTech

D'Acunto, Francesco; Rauter, Thomas; Scheuch, Christoph; … - 2020

We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...

Persistent link: https://www.econbiz.de/10012171775

Crowdsourcing financial information to change spending behavior

D'Acunto, Francesco; Rossi, Alberto G.; Weber, Michael - 2019

reaction in both directions and especially cash withdrawals, which are commonly used for incidental expenses and anonymous …

Persistent link: https://www.econbiz.de/10011982228