This research note empirically investigates whether cash can prevent consumers from making needless purchases in … unexpected shopping situations. Cash can have a disciplinary effect on short-term consumption because it imposes a strong … subsequently being declared unnecessary is significantly lower when the consumer had paid the transaction in cash. The results are …

In The Curse of Cash, Kenneth Rogoff lists reductions in criminal activity and tax evasion among the primary benefits … of eliminating cash. We maintain that, to the extent that individuals are interested in purchasing illicit goods and … services or evading taxes, eliminating cash will encourage them to switch to close substitutes. Hence, governments intent on …