Skibińska-Fabrowska, Ilona - In: Journal of central banking theory and practice 12 (2023) 2, pp. 103-131
The use of cashless payment instruments has been on an increase over many years now. At the same time, demand for cash … has been on the rise as well and we can observe a particularly high level of growth demand for banknotes during crisis … times. The increase in demand for cash known as the "banknote paradox" is a phenomenon observed in many economies. It …