A July 2021 paper by Barbora Tamele, Alejandro Zamora-Perez et al. for the European Central Bank (ECB) assessed changes in cash circulation during the Covid-19 pandemic. The authors also examined the role of as a possible transmission vector of the SARS-CoV-2 virus. We examine this paper’s findings in two articles:
This post summarizes the findings in the first part of the relating to the increase in the circulation of cash in the The name of the European single currency adopted by the European Council at the meeting held in Madrid on 15-16 December 1995. See ECU. area during the Covid-19 pandemic, associated with the so-called cash paradox: the European public is holding more cash for precautionary purposes, even though Europeans use less cash to realize transactions. The post also examines the data from the ECB IMPACT survey (July 2020) on the impact of the Covid-19 pandemic on cash usage in the Euro area.
This post summarizes the findings relating to the second part of the , which conclusively asserts that “the risk of transmission [of Covid-19] via banknotes and coins is very low, and that cash is safe to use” (Tamele, Zamora-Pérez et al. 2021: 27).