IDEAS home Printed from https://ideas.repec.org/a/rsr/supplm/v66y2018i1p82-89.html
   My bibliography  Save this article

The need for cash and its role in society

Author

Listed:
  • Georgiana NITA

    (Bucharest University of Economic Studies)

  • Alexandru BADIU

    (Bucharest University of Economic Studies)

Abstract

Although we are supposed to live in the digital age, where increasingly focus is on „contactless” payments, online payments, the use of debit / credit cards and bitcoin, it seems cash preference is coming back. Cash is used in shops, supermarkets or restaurants; on the one hand, customers prefer to pay in cash because cash ensures the anonymity of transactions; on the other hand, restaurants and shops, by avoiding digital payments, can declare lower profits. Access to cash is important in financial inclusion because cash can be used by any person, regardless of ethnicity, culture, location or age. Cash also helps people in a household better allocate their resources and keep a clearer record of spending.

Suggested Citation

  • Georgiana NITA & Alexandru BADIU, 2018. "The need for cash and its role in society," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 66(1), pages 82-89, January.
    • Handle: RePEc:rsr:supplm:v:66:y:2018:i:1:p:82-89
    as

    Download full text from publisher

    File URL: http://www.revistadestatistica.ro/supliment/wp-content/uploads/2018/01/A05_EN_rrss_01_2018.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    cash; anonymity; safety; trust; digitization; financial inclusion;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rsr:supplm:v:66:y:2018:i:1:p:82-89. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adrian Visoiu (email available below). General contact details of provider: https://edirc.repec.org/data/stagvro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.