Chinese cashiers count one yuan banknotes at a public transportation office in the city of Yichang, central China (photo: dpa)

Cash is no longer king as fiscal and monetary interests converge

Will banknotes and coins soon disappear? Modern technology and private convenience support this trend, but monetary policy and political coercion play a less innocuous role. A ‘war on cash’ is underway that aims at enforcing negative interest rates on private savings, expropriating savers for the sake of a demand-driven stimulus. Governments favour cashless transactions because their transparency makes it harder to evade taxes.

The hoarding and use of cash has become a concern for economists and finance ministers. They present three arguments against the cash economy: (1) the inconvenience of using and holding cash; (2) the difficulty of tracing cash based illegal transactions, and (3...

Unlock the report
8.95 EUR
Secure, instant payment by credit card
Dr. Michael Wohlgemuth
The preference for holding and using cash has spurred a serious debate in academic and political circles
read more about it in the report
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and Conditions. Feel free to check out our policies anytime for more information.
I agree