INESS Published Why to Keep the Cash Economy

In the recent years, cash has earned the label of obsolescence and high cost, and become a public enemy. Restrictions on cash payments are in place in many countries around the world and an EU-wide restriction is looming. However, cash plays a number of important roles in the economy.

INESS Published Why to Keep the Cash Economy

To counter the one-sided public discussion about cash, INESS published in English Why to Keep the Cash Economy. The publication first discusses the potential positive gains from making an economy “cashless”. The second part is devoted to the useful roles cash plays in the economy, such as creating a buffer for banking crisis, providing privacy or social inclusion of disadvantaged groups. The authors conclude that becoming cashless by a central decision of a policymaker comes with a set of serious economic risks and should be thoroughly discussed.

Download the publication here.

INESS je nezávislé, neštátne a nepolitické občianske združenie. Všetky naše aktivity sú financované z grantov, 2% daňovej asignácie, vlastnej činnosti a darov fyzických a právnických osôb. Naše fungovanie, rozsah a kvalita výstupov, teda vo veľkej miere závisí aj od Vašej štedrosti.
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