Cash in East Asia

Business & Finance, Finance & Investing, Banks & Banking, Economics, Macroeconomics
Cover of the book Cash in East Asia by , Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9783319598468
Publisher: Springer International Publishing Publication: August 25, 2017
Imprint: Springer Language: English
Author:
ISBN: 9783319598468
Publisher: Springer International Publishing
Publication: August 25, 2017
Imprint: Springer
Language: English

This book presents contributions by leading academics and practitioners from central banks to shed light on the function and impact of cash in Asian countries. It explores the impact of cash on society, the role of cash in monetary policy, and the future of cash in various monetary systems, contrasting case studies from China, Japan, Korea, and Singapore with experiences from Europe. 

Recently the role of cash in the economy has become a much-discussed topic in Europe, but the issue is also of considerable relevance in Asia. Singapore and South Korea, for example, are relatively advanced in the use of cashless payments for daily exchanges, while countries like Japan still largely rely on cash for a wide range of transactions. Some economists argue for the abolition of cash so as to facilitate transactions, reduce the monetary scope of criminal transactions, and expand the available options for monetary policy through negative interest rates. Opposing voices claim that such a step would reduce the freedom of individuals and lead to a greater potential for monetary repression. The abolition of cash could also significantly impact the public’s monetary psychology, thereby influencing their inflation expectations, portfolio structure, saving behavior, and other important monetary parameters.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book presents contributions by leading academics and practitioners from central banks to shed light on the function and impact of cash in Asian countries. It explores the impact of cash on society, the role of cash in monetary policy, and the future of cash in various monetary systems, contrasting case studies from China, Japan, Korea, and Singapore with experiences from Europe. 

Recently the role of cash in the economy has become a much-discussed topic in Europe, but the issue is also of considerable relevance in Asia. Singapore and South Korea, for example, are relatively advanced in the use of cashless payments for daily exchanges, while countries like Japan still largely rely on cash for a wide range of transactions. Some economists argue for the abolition of cash so as to facilitate transactions, reduce the monetary scope of criminal transactions, and expand the available options for monetary policy through negative interest rates. Opposing voices claim that such a step would reduce the freedom of individuals and lead to a greater potential for monetary repression. The abolition of cash could also significantly impact the public’s monetary psychology, thereby influencing their inflation expectations, portfolio structure, saving behavior, and other important monetary parameters.

More books from Springer International Publishing

Cover of the book Advances in Knowledge Discovery and Management by
Cover of the book Collaboration Meets Interactive Spaces by
Cover of the book Homeopathy - The Undiluted Facts by
Cover of the book Handbook of Giftedness in Children by
Cover of the book Security and the Networked Society by
Cover of the book Pollutant Discharge and Water Quality in Urbanisation by
Cover of the book Spline and Spline Wavelet Methods with Applications to Signal and Image Processing by
Cover of the book Kinetic Theory of Nonequilibrium Ensembles, Irreversible Thermodynamics, and Generalized Hydrodynamics by
Cover of the book Modern Marriage and the Lyric Sequence by
Cover of the book Africa's Population: In Search of a Demographic Dividend by
Cover of the book Constitutional Asymmetry in Multinational Federalism by
Cover of the book Integrated Reservoir Studies for CO2-Enhanced Oil Recovery and Sequestration by
Cover of the book Economic Freedom and Welfare Before and After the Crisis by
Cover of the book The American Monetary System by
Cover of the book Fuzzy Logic Augmentation of Neural and Optimization Algorithms: Theoretical Aspects and Real Applications by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy