The Blessing of Cash

Konferenzbeitrag

This study investigates the benefits 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 a number of selected benefits of cash, inter alia its use in financial crisis and the provision of privacy. We conclude that the abolition of cash would have major drawbacks and could entail undesirable consequences.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: International Cash Conference 2017 - War on Cash: Is there a Future for Cash? 25 - 27 April 2017, Island of Mainau, Germany

Classification and Topics

• Classification: Wirtschaft ; Consumer Economics: Empirical Analysis ; Allocative Efficiency; Cost-Benefit Analysis ; Demand for Money ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Technological Change: Choices and Consequences; Diffusion Processes
• Subject: cash ; payments ; cash abolition ; monetary policy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Seitz, Franz ; Krueger, Malte
• Event: Veröffentlichung
• (who): Deutsche Bundesbank
• (where): Frankfurt a. M.
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/162911
• Last update: 10.03.2025, 11:43 AM CET