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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 …
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The paper explores the precarious balance between modernizing monetary systems by means of digital currencies (either issued by the central bank itself or independently) and safeguarding financial stability as also ensured by tangible payment (and saving) instruments like paper money. Which...
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One of the most significant factors which influences the level of banking sector liquidity is Currency in Circulation. Although the central bank is in charge of distribution of the currency it can't assess the demand for the currency, as that demand is generated by the customers of commercial...
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