The Blessing of Cash
Franz Seitz and
International Cash Conference 2017 – War on Cash: Is there a Future for Cash? from Deutsche Bundesbank, Frankfurt am Main
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.
Keywords: cash; payments; cash abolition; monetary policy (search for similar items in EconPapers)
JEL-codes: D12 D61 E41 G21 O33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:iccp17:162911
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