What's in your wallet? the future of cash

Jeremy Gerst and Daniel Wilson

FRBSF Economic Letter, 2011, issue oct24

Abstract: The payment landscape has changed dramatically in recent years as new technologies have been brought to market. Yet, the demand for U.S. currency?cold, hard cash?shows no sign of fading. An empirical analysis indicates that alternative payment technologies have tended to keep cash growth in check, but other factors have more than offset this. Over the next 10 years, cash volume is projected to grow 1.7% per year.

Keywords: Cash transactions; Payment systems (search for similar items in EconPapers)
Date: 2011
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