Rösl, Gerhard; Seitz, Franz; Tödter, Karl-Heinz - 2017
To broaden the scope of monetary policy, cash abolishment is often suggested as a means of breaking through the zero … interest rates on cash holdings. They gauge the welfare effects of abolishing cash, both, for the euro area and for Germany … implemented in the current low interest rate environment. Imposing a negative interest rate of 3 percentage points on cash …