' use of cash relative to debit and credit cards. The authors find that consumers who perceive debit cards and credit cards … to be more convenient and less risky than cash use them more frequently. Even at low levels of perceived risk, consumers … shift substantially away from cash and towards alternative payment methods. However, the authors' results reveal that there …

Debit cards are employed for cash withdrawals at automated teller machines (ATMs) and for purchasing transactions at …

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 …