Financial Innovation and the Transactions Demand for Cash

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How researchers see this paper

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Banking on Trust: How Debit Cards Enable the Poor to Save More (2017, background): “First, informal savings can be stolen (Banerjee and Du o, 2007; Schechter, 2007; Alvarez and Lippi, 2009).”
Capital Supply Uncertainty, Cash Holdings, and Investment (2014, background): “Alvarez and Lippi (2009, 2012) or Bar-Ilan, Perry, and Stadje (2004)), our paper provides a complete characterization of optimal decision rules without restricting the class of strategies available to the decision maker.”
A Model of the Consumption Response to Fiscal Stimulus Payments (2011, background): “This research is supported by grant no. 1127632 from the National Science Foundation.”
Cash and the Economy: Evidence from India’s Demonetization* (2018, unknown): “(3)Alvarez and Lippi (2009) examine the impact of financial innovation on the demand for cash.”
Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data (2014, unknown): “For instance, Alvarez and Lippi (2013b) show that free and random withdrawal opportunities can give rise to a precautionary motive for holding cash meaning that agents withdraw cash even if they have some cash on hand.”
Technological change and the households' demand for currency (2009, background): “This gives rise to a whole size distribution of withdrawals, where the relationship W 1⁄4 2M does not See Alvarez and Lippi (2007) for a detailed analysis of this problem.”