The impact of technological change on household transactions account balances: An empirical cross-section study |
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| Authors: | Kenneth N. Daniels Neil B. Murphy |
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| Affiliation: | (1) Department of Finance and Insurance, Virginia Commonwealth University School of Business, 1015 Floyd Avenue, Box 4000, 23284-4000 Richmond, VA;(2) Department of Finance and Insurance, Virginia Commonwealth University, School of Business, 1015 Floyd Avenue, Box 4000, 23284-4000 Richmond, VA |
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| Abstract: | The purpose of this article is to determine the impact of adoption of new technology (ATMs) by households on their behavior in holding transactions balances. Previous studies show that households respond to the, availability of ATMs by reducing their currency inventories. Reduced currency needs may be reflected in a reallocation of funds from currency to transactions balances. To test this hypothesis, data from two large household surveys are utilized. It is shown that use of technology has a substantial impact on the transactions balances held by households. |
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