Effects of credit and debit cards on the currency demand

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dc.authoridYilmazkuday, Hakan/0000-0002-8629-6230;
dc.authorwosidYilmazkuday, Hakan/GXZ-6757-2022
dc.authorwosidYazgan, Ege/GPG-1135-2022
dc.contributor.authorYilmazkuday, Hakan
dc.contributor.authorYazgan, M. Ege
dc.date.accessioned2024-07-18T20:55:08Z
dc.date.available2024-07-18T20:55:08Z
dc.date.issued2009
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractWe analyze the effects of credit and debit cards on the currency in circulation by using GMM estimation. Instead of using the data obtained by surveys, we use monthly data obtained by an interbank institution that keeps the statistics of all credit and debit cards usage of a small open economy, Turkey, for the period over 2002M1-2006M10. As expected from the theory, we find that an increase in the usage of credit and debit cards leads to a decrease in the currency demand. Moreover, the usage of the debit cards has a bigger effect on the money demand, compared to the usage of the credit cards. We also find that the effect of credit cards is mostly through purchases and the effect of debit cards is mostly through withdrawalsen_US
dc.identifier.doi10.1080/00036840701222496
dc.identifier.endpage2123en_US
dc.identifier.issn0003-6846
dc.identifier.issn1466-4283
dc.identifier.issue17en_US
dc.identifier.scopus2-s2.0-78649688506en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage2115en_US
dc.identifier.urihttps://doi.org/10.1080/00036840701222496
dc.identifier.urihttps://hdl.handle.net/11411/8725
dc.identifier.volume41en_US
dc.identifier.wosWOS:000267973200001en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherRoutledge Journals, Taylor & Francis Ltden_US
dc.relation.ispartofApplied Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectGeneralized-Methoden_US
dc.subjectWeak Instrumentsen_US
dc.subjectMoney Demanden_US
dc.subjectIdentificationen_US
dc.subjectInflationen_US
dc.subjectInferenceen_US
dc.titleEffects of credit and debit cards on the currency demanden_US
dc.typeArticleen_US

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