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On the Role of Cash in East Asia

In: Cash in East Asia

Author

Listed:
  • Frank Rövekamp

    (Ludwigshafen University of Applied Sciences)

  • Moritz Bälz

    (Goethe University)

  • Hanns Günther Hilpert

    (German Institute for International and Security Affairs (SWP))

Abstract

While due to technological development, the notion of cash is changing, the function and future of cash is entering the monetary debate. Proponents of a cashless society point to cost considerations, the prospect of widening anti-deflationary monetary policy into the realm of negative interest rates, as well as the chances of repressing the shadow economy. As such expectations are being contested, the discussion of the pros and cons of a cashless society is in full swing. Against this backdrop, the contributions to this volume analyse the use of cash in various East Asian economies or examine specific aspects of cash usage. Taken together, the contributions show that many issues related to cash still remain without a solid research foundation. Any top-down moves to reduce the role of cash or to head towards a “cashless society” should therefore be taken with great care and only gradually.

Suggested Citation

  • Frank Rövekamp & Moritz Bälz & Hanns Günther Hilpert, 2017. "On the Role of Cash in East Asia," Financial and Monetary Policy Studies, in: Frank Rövekamp & Moritz Bälz & Hanns Günther Hilpert (ed.), Cash in East Asia, chapter 0, pages 1-12, Springer.
  • Handle: RePEc:spr:fimchp:978-3-319-59846-8_1
    DOI: 10.1007/978-3-319-59846-8_1
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