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Filtered by Cash Usage — 112 articles

John Winchcombe

27 April 2021

3 min read

Cash in the UK 2020 – Survey Results

Enryo, a financial services consultancy, conducted four public surveys of over 2,000 people in the UK from April 2020 to January 2021 and an additional survey in March 2021. It has just issued its report and presented a webinar of its results.

Cash Usage Country Profile

John Winchcombe

11 April 2021

4 min read

The Flight to Cash in a Crisis

Gerhard Rösel and Franz Seitz have published a paper, ‘Cash and Crises: No Surprises by the Virus’, as a working paper for the Institute for Monetary and Financial Stability. This paper looks at cash usage across a number of key economies since the 1990s. It notes the trend towards cash being hoarded as a store of value, reflected an increasing proportion of cash in circulation being high value notes, but looks, in particular, at what happens to cash when there is crisis.

Cash Usage COVID Staff Papers

John Winchcombe

11 April 2021

4 min read

Cash Increases Risk for Central Banks

A recent paper, ‘COVID Cash*’, by Kenneth Rogoff and Jessica Scazzero considers the implications for advanced economies in the long-term trend of value being stored in cash, a trend accelerated by, and highly visible due to, the pandemic. They make two arguments.

Cash Usage Central Banks

John Winchcombe

5 March 2021

2 min read

Federal Reserve Survey Reflects Changing Cash Usage

In October 2020 the Federal Reserve’s national Cash Product Office (CPO), with the Federal Reserve Bank of Atlanta and Federal Reserve Bank of Boston, conducted the annual Diary of Consumer Payment Choice survey.

Cash Usage Country Profile Surveys

John Winchcombe

5 March 2021

2 min read

Dirty Money and the Demand for Cash

In IMF Working Paper 2020 255, entitled ‘Dirty Money: Does the Risk of Infectious Disease Lower Demand for Cash?’, its author Serhan Cevik – a senior economist with the IMF – looked at data from 133 countries between 1995 and 2017 to understand how people react to a rise in infectious diseases. Against his initial study he then ran a further five subsets of data to test his findings. After controlling for macroeconomic, financial and technological factors, the data was clear that a rise in infectious disease reduces the demand for physical cash.

Cash Usage COVID

John Winchcombe

5 March 2021

5 min read

Cash – the ‘Anchor of Stability’ Which Needs Safeguarding

A recent working paper entitled ‘Institutional Hostility to Cash and COVID-19’ by economists Doris Neuberger of Germany’s University of Rostock and Eduardo Beretta from the Swiss Institute of Economics examines how the pandemic has boosted commercial incentives and government policies to nudge consumers away from cash.

Cash Usage COVID Future of Cash

John Winchcombe

5 March 2021

4 min read

UK Cash Under Pressure

LINK, the UK’s main cash machine operator, reported a 37% drop in the number of ATM cash withdrawals in 2020, a significant fall. But that is still £1.6 billion withdrawn each week - £1,500 for each adult. With nearly 8% fewer free-to-use ATMs and nearly 18% fewer pay-to-use machines, these figures are even more impressive. John Howells, CEO of LINK, the UK’s largest cash machine network, made the point that ‘the sharp decline in ATM use brings significant problems (the) drop in transactions places enormous strain on the cash infrastructure’.

Cash Usage Country Profile

John Winchcombe

2 Feb. 2021

2 min read

Euro Vision (But Not the Song Contest)

Doris Schneeberger, Head of the Currency Management Division at the European Central Bank (ECB), spoke at December’s RBR conference giving the Eurosystem perspective on trends and developments in the use of cash.

Cash Usage Central Banks

John Winchcombe

2 Feb. 2021

5 min read

Contactless Payments Have Little Impact on Cash Usage

Marie-Hélène Felt wrote the Bank of Canada’s Staff Working Paper 2020-56 'Losing Contact: The Impact of Contactless Payments on Cash Usage'.

Cash Usage

John Winchcombe

4 Jan. 2021

4 min read

YouGov and the Impact of COVID on Cash

YouGov have carried out a survey in 21 countries asking about payments in the pandemic, which provides an interesting snapshot on the relative impact of COVID-19 on cash usage around the world.

Cash Usage COVID

John Winchcombe

22 Dec. 2020

3 min read

Understanding Household Demand for Cash

When disruption occurs and the past is no longer a reliable starting point and guide for the future, understanding the fundamentals is important. A recent paper published in CESIFO working papers (8574 2020) adds to our knowledge of household demand for cash.

Cash Usage

John Winchcombe

22 Dec. 2020

5 min read

News in Brief

The South China Morning Post has published its first China FinTech report. Mobile payments now account for four out of every five payments and for more than half the value of all non-cash retail payments for consumers and businesses. The report states that China’s massive domestic financial market has an estimated 87% of consumers using FinTech services, a $29 trillion mobile payment market in 2019.

Cash Usage Digital Payments Future of Cash

Latest News

Cash in the UK 2020 – Survey Results

The Flight to Cash in a Crisis

Cash Increases Risk for Central Banks

Federal Reserve Survey Reflects Changing Cash Usage

Dirty Money and the Demand for Cash

Cash – the ‘Anchor of Stability’ Which Needs Safeguarding

UK Cash Under Pressure

Euro Vision (But Not the Song Contest)

Contactless Payments Have Little Impact on Cash Usage

YouGov and the Impact of COVID on Cash

Understanding Household Demand for Cash

News in Brief

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