{"title":"What Factors Keep Cash Alive in the European Union?","authors":"Yulia Titova, Delia Cornea, Sébastien Lemeunier","doi":"10.1007/s10645-021-09384-3","DOIUrl":null,"url":null,"abstract":"<p><p>This paper aims to analyze the determinants of cash usage in a selection of European Union (EU) countries over the 2003-2016 period, based on a set of technological, socioeconomic, and socio-cultural indicators and cost components. Our results reveal the existence of both common and region-specific determinants for the EU advanced and Central and Eastern European (CEE) countries. In both groups cash usage is determined by payment system characteristics. Additionally, in the EU advanced countries cash usage can also be explained by the level of economic development and income inequalities and proliferation of Internet. In contrast, cash usage in CEE countries is negatively associated with consumer confidence and is inversely related to the technological progress, expressed in terms of mobile users.</p>","PeriodicalId":46156,"journal":{"name":"Economist-Netherlands","volume":null,"pages":null},"PeriodicalIF":2.4000,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10645-021-09384-3","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economist-Netherlands","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s10645-021-09384-3","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2021/5/31 0:00:00","PubModel":"Epub","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This paper aims to analyze the determinants of cash usage in a selection of European Union (EU) countries over the 2003-2016 period, based on a set of technological, socioeconomic, and socio-cultural indicators and cost components. Our results reveal the existence of both common and region-specific determinants for the EU advanced and Central and Eastern European (CEE) countries. In both groups cash usage is determined by payment system characteristics. Additionally, in the EU advanced countries cash usage can also be explained by the level of economic development and income inequalities and proliferation of Internet. In contrast, cash usage in CEE countries is negatively associated with consumer confidence and is inversely related to the technological progress, expressed in terms of mobile users.
期刊介绍：
Since 1852, De Economist, the Netherlands Economic Review, has provided an outlet for high quality research in economics. Emphasizing European issues, it offers insightful studies that deal with theoretical issues as well as applied work. The journal also publishes important surveys of current research. Authors of articles based on empirical research are required to make their datasets available to readers, enabling them to replicate the research results.
Officially cited as: De Economist
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