Why are payment habits so heterogeneous across and within countries? Evidence from European countries and Italian regions

Guerino Ardizzi () and Eleonora Iachini ()
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Eleonora Iachini: Bank of Italy

No 144, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: The aim of this work is to arrive at a better understanding of the underlying reasons for the slow adoption of electronic payment instruments in Italy. Our findings indicate that a pivotal role in explaining Italyï¿½s lag in abandoning cash is played by development factors, such as innovative capability and income per capita. Surprisingly, although the shadow economy is important, it is not decisive in explaining the limited use of electronic retail payment instruments.

Keywords: payment instruments; cash demand; financial inclusion; retail payments (search for similar items in EconPapers)
JEL-codes: E26 E41 E42 (search for similar items in EconPapers)
Date: 2013-01
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_144_13

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