rise of cryptoassets and a decline in the use of cash, should digital payments be left entirely to the private sector or …

Cash usage at the point-of-sale decreased perceptibly in the past years. This is mainly due to the ongoing trend … government regulations and supply-side restrictions by commercial banks. Nonetheless, overall demand for euro cash remained … issue of a Central Bank Digital Currency as a substitute or complement to cash. Although the characteristics of a possible …

The bulk of euro-denominated cash is held for store of value purposes, with such holdings sharply increasing in times … hold cash. In our model, the introduction of a central bank digital currency (CBDC) as a store of value that is superior to … cash leads to bank disintermediation as some depositors opt for switching to CBDC based on their beliefs. While CBDC …

The present paper provides an overview on current developments of cash usage and issue of central bank digital currency … (CBDC) in the euro area and proposes a possible design of a digital euro that allows for instant offline payments. Cash … regulations and supply-side restrictions by commercial banks. Nonetheless, overall demand for euro cash remained strong and even …

In this paper, we focus on the stabilizing role of cash from a society-wide perspective. Starting with conceptual … remarks on the importance of money for the economy in general, special attention is paid to the unique characteristics of cash … cash can help to avoid such a situation. We find interesting similarities to both crises in two separate case studies, one …

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 …