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The dissertation includes four studies broadly connected to the causes and consequences of the Global Financial Crisis of 2007-8 from a political economy perspective. Following the intro-duction, Chapter 2 analyzes the political roots of massive foreign reserves accumulation, which has...
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streams. The second study explores the impact of contactless payment on cash usage in terms of value spending and transaction … reduction in average cash usage at the POS in terms of value and volume. The negative effect of contactless credit and debit … cards on cash volume is 5% and 6%, respectively. The negative impact of contactless credit cards on cash value is estimated …
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