On the Role of Cash in East Asia

Frank Rövekamp (), Moritz Bälz () and Hanns Günther Hilpert ()
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Frank Rövekamp: Ludwigshafen University of Applied Sciences
Moritz Bälz: Goethe University
Hanns Günther Hilpert: German Institute for International and Security Affairs (SWP)

Chapter Chapter 1 in Cash in East Asia, 2017, pp 1-12 from Springer

Abstract: Abstract While due to technological development, the notion of cash is changing, the function and future of cash is entering the monetary debate. Proponents of a cashless society point to cost considerations, the prospect of widening anti-deflationary monetary policy into the realm of negative interest rates, as well as the chances of repressing the shadow economy. As such expectations are being contested, the discussion of the pros and cons of a cashless society is in full swing. Against this backdrop, the contributions to this volume analyse the use of cash in various East Asian economies or examine specific aspects of cash usage. Taken together, the contributions show that many issues related to cash still remain without a solid research foundation. Any top-down moves to reduce the role of cash or to head towards a “cashless society” should therefore be taken with great care and only gradually.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-319-59846-8_1

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DOI: 10.1007/978-3-319-59846-8_1

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