Browsing GIPE Working Papers by Author "Kumarasamy, Durairaj"
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Impact of credit cards and debit cards on currency demand and seigniorage
Reddy, Shiva; Kumarasamy, Durairaj (Gokhale Institute of Politics and Economics (GIPE), Pune (India), 2017-04)Predominant usage of cash substitutes such as electronic cards affects the amount of currency that a central bank should keep in circulation. This paper empirically examines the questions that whether the usage of credit ...