Two banknotes and two coins of the New Taiwan Dollar are infrequently (if at all) used in Taiwan when people make cash … payments. This note examines the effect of this behavior on the efficiency of cash payments. The results are compared with the …

reduce transaction costs by (partially) replacing less efficient means of payment, e.g. paper-cash and checks. In this paper … we find that the cost of using cash in Uruguay is approximately 0.61% of GDP. Interestingly, 98.1% of this cost is borne … GDP. Overall, replacing paper-cash and checks by other (electronic) means of payment would imply a transaction cost …