Central Banking

Dutch paper finds Germans ‘substantially more cash oriented’ than other nationalities

frozen-euros

German consumers are "substantially more cash oriented" than those in other developed countries, according to a working paper published by the Netherlands Bank earlier this week.

In Cash management and payment choices: A simulation model with international comparisons, Carlos Arango, Yassine Bouhdaoui, David Bounie, Martina Eschelbach and Lola Hernández observe that, despite various payment innovations, cash is still "heavily used" for low-value purchases.

Theory states that people may hold cash

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.