Cash on Trial, mk II Economics, Technology and Institutions

Katrin Assenmacher, Morten Bech, Heike Mai, Cecilia Skingsley, Doris Schneeberger, Beat Weber, Niels Riedel, Amber Wadsworth, Fritz Zurbrügg, Ernest Gnan, Urs Birchler, Carl-Christoph Hedrich and Jens Ulbrich

No 2019/1 in SUERF Studies from SUERF - The European Money and Finance Forum, currently edited by Natacha Valla

Abstract: The conference will be staged as a court trial in which cash will be accused with three charges: First, cash is an essential part of many kinds of criminal activities; second, it is an inefficient and outdated means of payment; and third, it prevents central banks from implementing optimal monetary policy in times when price stability would require negative interest rates. To spur a lively discussion we intend to develop the conference in a defense and prosecution part, where witness’ are called to elaborate on the charges. Additional presentations will provide a neutral overview of the current situation of the use of cash in the Eurosystem and of ideas to develop a digital cash by central banks.

JEL-codes: C80 C82 E02 E42 E50 H56 K42 O17 Y1 (search for similar items in EconPapers)
Date: 2019
ISBN: 978-3-902109-88-0
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