"Introduction - Cash on Trial, findings from a conference jointly organized by SUERF, University of Zurich and …Over millennia, mankind has used hard cash in various forms ranging from shells to gold coins and paper. More recently …, cash has become unpopular in political circles, as it effectively restricts states’ power to tax (explicitly or via …

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 …

We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a … panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and … opportunity costs, we concentrate on cashless payments media as substitutes to cash payments and the role of the shadow economy …