Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/162911
Authors: 
Seitz, Franz
Krueger, Malte
Year of Publication: 
2017
Series/Report no.: 
International Cash Conference 2017 – War on Cash: Is there a Future for Cash? 25 - 27 April 2017, Island of Mainau, Germany
Abstract: 
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.
Subjects: 
cash
payments
cash abolition
monetary policy
JEL: 
D12
D61
E41
G21
O33
Document Type: 
Conference Paper

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