Year: 2018
Author: Krueger, Malte, Seitz, Franz
Credit and Capital Markets – Kredit und Kapital, Vol. 51 (2018), Iss. 1 : pp. 15–40
Abstract
This study investigates the benefits and disadvantages of cash in a general context. First, we explicitly address the arguments of cash critics, who are calling for cash to be abolished altogether. Second, we show that cash plays a crucial role in the current two-tier banking system. Third, we are discussing selected benefits of cash, inter alia its use in financial crises and the provision of privacy. We conclude that the abolition of cash would have major drawbacks and could entail undesirable and unintended consequences.
Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/ccm.51.1.15
Credit and Capital Markets – Kredit und Kapital, Vol. 51 (2018), Iss. 1 : pp. 15–40
Published online: 2018-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 26
Keywords: cash payments cash abolition monetary policy Policy Issue D12 D61 E41 G21 O33
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| Section Title | Page | Action | Price |
|---|---|---|---|
| Malte Krueger / Franz Seitz: Pros and Cons of Cash. The State of the Debate | 1 |