COVID-19 and regional shifts in Swiss retail payments

This paper analyzes card payments to the retail sector in Switzerland during the COVID-19 crisis. We provide evidence on aggregate effects and regional shifts. Pronounced shifts—which persisted post-lockdown—can be observed from urban to suburban and rural areas and among cantons. Data allow us to i...

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Detalles Bibliográficos
Autores principales: Kraenzlin, Sébastien, Meyer, Christoph, Nellen, Thomas
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2020
Materias:
Original Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8091136/
https://www.ncbi.nlm.nih.gov/pubmed/33968810
http://dx.doi.org/10.1186/s41937-020-00061-x
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author Kraenzlin, Sébastien
Meyer, Christoph
Nellen, Thomas
author_facet Kraenzlin, Sébastien
Meyer, Christoph
Nellen, Thomas
author_sort Kraenzlin, Sébastien
collection PubMed
description This paper analyzes card payments to the retail sector in Switzerland during the COVID-19 crisis. We provide evidence on aggregate effects and regional shifts. Pronounced shifts—which persisted post-lockdown—can be observed from urban to suburban and rural areas and among cantons. Data allow us to identify directly two sources of shifts: “tourists and business travelers” and “e-commerce.” We indirectly identify additional sources: infection risk, lockdown measures, working from home, shopping tourism, and cash substitution. The COVID-19 crisis seems to have reinforced pre-existing trends that may have faster than anticipated effects on the economy. Our analysis underscores the usefulness of real-time card payment data to inform policymakers.
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spelling pubmed-80911362021-05-03 COVID-19 and regional shifts in Swiss retail payments Kraenzlin, Sébastien Meyer, Christoph Nellen, Thomas Swiss J Econ Stat Original Article This paper analyzes card payments to the retail sector in Switzerland during the COVID-19 crisis. We provide evidence on aggregate effects and regional shifts. Pronounced shifts—which persisted post-lockdown—can be observed from urban to suburban and rural areas and among cantons. Data allow us to identify directly two sources of shifts: “tourists and business travelers” and “e-commerce.” We indirectly identify additional sources: infection risk, lockdown measures, working from home, shopping tourism, and cash substitution. The COVID-19 crisis seems to have reinforced pre-existing trends that may have faster than anticipated effects on the economy. Our analysis underscores the usefulness of real-time card payment data to inform policymakers. Springer International Publishing 2020-09-25 2020 /pmc/articles/PMC8091136/ /pubmed/33968810 http://dx.doi.org/10.1186/s41937-020-00061-x Text en © The Author(s) 2020 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Original Article
Kraenzlin, Sébastien
Meyer, Christoph
Nellen, Thomas
COVID-19 and regional shifts in Swiss retail payments
title COVID-19 and regional shifts in Swiss retail payments
title_full COVID-19 and regional shifts in Swiss retail payments
title_fullStr COVID-19 and regional shifts in Swiss retail payments
title_full_unstemmed COVID-19 and regional shifts in Swiss retail payments
title_short COVID-19 and regional shifts in Swiss retail payments
title_sort covid-19 and regional shifts in swiss retail payments
topic Original Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8091136/
https://www.ncbi.nlm.nih.gov/pubmed/33968810
http://dx.doi.org/10.1186/s41937-020-00061-x
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