The challenges facing currency usage: will the traditional transaction medium be able to resist competition from the new technologies?

• Main Authors: Mathias Drehmann, Charles Goodhart, Malte Krueger
• Format: Article in Journal/Newspaper
• Language: unknown
• Subjects: Breaker; Stripe; Iceland
• Online Access: http://hdl.handle.net/10.1111/1468-0327.00087

The euro's introduction highlights several shortcomings of cash and coins, and some advantages of paying with plastic, but is hard currency an endangered species, threatened by technologically more advanced means of payments, electronic transfers, e–money and the like? If the last twenty years...