Article ID Journal Published Year Pages File Type
5059365 Economics Letters 2014 4 Pages PDF
Abstract
We estimate currency demand functions conditional on electronic money adoption with household-level survey data from Japan under an Instrumental Quantile Regression framework. Contrary to theoretical predictions, our results suggest that users of electronic money hold more currency than non-users.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Currency demand, new technology, and the adoption of electronic money: Micro evidence from Japan
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