CASH MANAGEMENT, PAYMENT PATTERNS AND THE DEMAND FOR MONEY

摘要: We analyse cash management and payments behaviour using 1990–1994 panel data for Dutch households. The results largely confirm the transactions demand money theory, including an income elasticity of substantially less than one, they are consistent with hypothesis technology resulting in households' economizing on currency balances. indicate up to 40 per cent lower balances future, which is affirmed by direct questioning future expectations. effect total outstanding considerably lower, due significant amounts ‘missing money’ hoards, insensitive new developments system.