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Cash and Crises
Cash is a contingency and fall-back solution
Mexico: Hola CoDi, Uncle Cash Says Welcome
Manuel A. Bautista-González
June 10, 2021
During the Covid-19 pandemic, Mexicans did not switch en masse to CoDi, the central bank’s mobile payments platform launched in 2019. Cash continues to dominate retail payments.
Myanmar Is Running Out of Cash
June 08, 2021
Myanmar (Burma) is facing a severe cash shortage as the central bank is not providing sufficient cash to meet demand. Queues are growing at ATMs and bank branches, raising fears of a banking crisis.
Money Is the New Space Race
June 03, 2021
As global payments revenues exceed $2 trillion or 2.2% of the world's GDP, a growing number of stakeholders are vying to capture market share. Can cash compete in the new space race?
Cash & CBDC: Can They Co-Exist?
May 18, 2021
An increasing number of central banks are intensifying research on central bank digital currencies (CBDC). Theoretical papers assume that CBDC should emulate the features of cash and that the former would complement rather than substitute the latter. But is this feasible?
U.S. Consumers Hold More Cash but Make Fewer Payments
May 11, 2021
The latest Federal Reserve Diary of Consumer Payment Choice shows that in 2020, consumers made fewer payments and in particular less in-person payments. Consumers of all age and income groups have significantly increased their precautionary holdings of cash.
Future of Payments: Cash is Here to Stay
April 15, 2021
Deutsche Bank Research forecasts that not only will cash be around for a long time but the digitalisation of payments has the potential to rebalance global economic power.
ECB: The Covid-19 Pandemic has Amplified the Cash Paradox
April 01, 2021
A new ECB report concludes that the exceptional demand for banknotes during the pandemic is driven by an increase in precautionary holdings in times of uncertainty as well as by international demand, a phenomenon known as the cash paradox.
The Major Risks of a Cashless Society
March 24, 2021
Political exploitation, discrimination, financial exclusion and post-disaster resilience were some of the key concerns explored in a thought leadership webinar held on 18th March to discuss the implications for society of shifting to a cashless economy.
Sweden Plans Expansion of its Cash Infrastructure
March 22, 2021
Sweden, once the poster child of a society without cash, is increasing the number of cash centres and ATMs to ensure access to cash for all.
Hot Frogs and the Monetisation of Money
March 02, 2021
We have succumbed to the inevitability of digitalisation and the associated monetisation of money, the cynical conversion of the public good called cash into its privatised digital equivalent. In the process, we are losing the social utility of cash.
U.S.: Uri Snowstorm in Texas Demonstrates Cash Resilience in Disaster Recovery Situations
Manuel A. Bautista-González
March 01, 2021
Cash demonstrated its resilience in the aftermath of snowstorm Uri in Texas, amid widespread power outages, electronic payments failure, and the shutdown of financial infrastructure.
You don’t need to Like your Payment Instrument
February 02, 2021
Payment preference is a luxury that half the world’s population can’t afford. For those who can, preferences often reflect individual benefits rather than social good.