Pros and Cons of Cash: The State of the Debate
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Pros and Cons of Cash: The State of the Debate
Credit and Capital Markets – Kredit und Kapital, Vol. 51 (2018), Iss. 1 : pp. 15–40
6 Citations (CrossRef)
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Prof. Dr. Malte Krueger, University of Applied Sciences Aschaffenburg, Würzburger Straße 45, 63743 Aschaffenburg
Prof. Dr. Franz Seitz, Weiden Technical University of Applied Sciences, Hetzenrichter Weg 15, 92637 Weiden
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Abstract
This study investigates the benefits and disadvantages 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 selected benefits of cash, inter alia its use in financial crises and the provision of privacy. We conclude that the abolition of cash would have major drawbacks and could entail undesirable and unintended consequences.
Table of Contents
| Section Title | Page | Action | Price |
|---|---|---|---|
| Malte Krueger / Franz Seitz: Pros and Cons of Cash. The State of the Debate | 1 |