Cash, Paper, and Electronic Payments: A Cross-Country Analysis.

The article focuses on the payment systems of several developed countries using payments data for the years 1987 to 1993. It states that cash is the most used instrument of payment. It mentions that surveys on the subject have the proportion of cash transactions among all transactions at 90 percent for Great Britain, 86 percent for Germany, 83 percent for the U.S. and Finland, and 78 percent for the Netherlands. It states that an alternative measure of cash use is the ratio of currency value to gross domestic product.