The Use of Cash in U.S. Payments during the Covid-19 Pandemic
Manuel A. Bautista-González
February 15, 2021
A year after the Covid-19 pandemic spread globally, there is more data available to determine its impact on the use of cash in U.S. retail payments. The public has not stopped using cash, but some retailers have stopped accepting it altogether, threatening the economic well-being of large, vulnerable segments of U.S. consumers who use cash as their main means of payment.
Humanitarian Financial Assistance - How to Reduce Risk and Improve Value
October 21, 2020
The benefits of humanitarian financial assistance – what the aid world calls ‘Cash & Voucher Assistance (CVA)’ – are pretty well known: Giving people cash instead of food or other forms of in-kind commodity empowers recipients to address their own priorities, reduces opportunities for corruption, and pumps money into local economies. It is, generally speaking, a much more dignified and cost-effective way of meeting beneficiary needs.
Australian National Science Agency claims Virus can Survive for Weeks on Banknotes and then Plays Down Panic
Guillaume Lepecq and James Shepherd-Barron
October 14, 2020
Since the beginning of the pandemic, a steady flow of disinformation has distorted the role cash may play in spreading Covid-19. Now, Australia’s national science agency has published a controversial study suggesting that the virus could survive up to 28 days on banknotes in strict laboratory conditions. However, the study’s lead author, confusingly, is minimizing the infection risk presented in his own work.
Analysing the Determinants of Cash Demand
October 12, 2020
A new report by H.E. Reimers, F. Schneider and F. Seitz analyses the determinants of cash holdings of private households in the euro area between 2002 and 2019 and aims to shed light on the complex relationship between cash holdings on the one hand and transaction volumes, store of value motives, alternative payment instruments, the size of the shadow economy and crisis-related as well as precautionary demand on the other.