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Cash is dead! Long live cash! : annual report essay

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Abstract

In an essay in the 2012 Annual Report, San Francisco Fed President and CEO John C. Williams explains why currency in circulation is soaring at the same time Americans are turning away from cash to pay for purchases. He also looks at the future demand for cash and the role the San Francisco Fed plays to help the Federal Reserve distribute currency and ensure enough is in circulation.

Suggested Citation

  • John C. Williams, 2012. "Cash is dead! Long live cash! : annual report essay," Annual Report, Federal Reserve Bank of San Francisco.
    • Handle: RePEc:fip:fedfar:y:2012
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    File URL: http://www.frbsf.org/publications/federalreserve/annual/2012/2012_Annual_Report_Essay.pdf
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    Cited by:

    1. Janet Hua Jiang & Enchuan Shao, 2020. "The Cash Paradox," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 177-197, April.
    2. Ramírez, Juan & Vásquez, José & Pereda, Javier, 2015. "Determinants of the Demand for Cash in Peru: A Non Linear Approach," Working Papers 2015-006, Banco Central de Reserva del Perú.
    3. Lalouette, Laure & Zamora-Pérez, Alejandro & Rusu, Codruta & Bartzsch, Nikolaus & Politronacci, Emmanuelle & Delmas, Martial & Rua, António & Brandi, Marco & Naksi, Martti, 2021. "Foreign demand for euro banknotes," Occasional Paper Series 253, European Central Bank.

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    Keywords

    Payment systems; Cash transactions;

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