| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16618 |
| DP16618 The Great Covid Cash Surge - Digitalisation Hasn't Dented Cash's Safe Haven Role | |
| Jonathan Ashworth; Charles A. E. Goodhart | |
| 发表日期 | 2021-10-07 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | The pandemic fuelled a remarkable surge in currency in circulation across most countries, with cash once again defying premature obituaries of its demise. The somewhat enforced intensification of the digitalisation of economies clearly appears to have further diminished cash’s role as a medium of exchange. However, other important aspects of digitalisation, such as the growth in private digital currencies, haven’t weakened cash’s role as a store of value. The recent experience shows that in a major crisis people still want to retreat to the security and safety of holding bank notes, especially large denomination notes, to provide reassurance. When in trouble, people want to go back to the tried and true; in this respect holding paper money in their wallets. |
| 主题 | Monetary Economics and Fluctuations |
| 关键词 | Cash Banknote issue and withdrawal Covid 19 Panic response |
| URL | https://cepr.org/publications/dp16618 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545562 |
| 推荐引用方式 GB/T 7714 | Jonathan Ashworth,Charles A. E. Goodhart. DP16618 The Great Covid Cash Surge - Digitalisation Hasn't Dented Cash's Safe Haven Role. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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