This study provides an overview on the literature regarding the benefits from the/an increased use of electronic payments. Although these payments are steadily gaining ground in Europe, considerable cross-country differences remain in terms of relative cash usage or the choice among alternative...

In his recent book, The Curse of Cash, Ken Rogoff makes the case for getting rid of hand-to-hand currency. The argument is relatively straightforward. Cash, according to Rogoff, is largely used to buy and sell illegal goods and services and evade taxes. It also places a lower bound on interest...