How Has Cash Usage Evolved in Recent Decades? What Might Drive Demand in the Future?

12 Pages Posted: 1 Oct 2015

See all articles by Tom Fish

Tom Fish

Bank of England

Roy Whymark

Bank of England

Date Written: September 18, 2015

Abstract

Cash is often in the media spotlight. While some predict its impending demise, most people continue to use banknotes in their day-to-day lives. Although consumers are less likely to use cash for transactions than they were in the past, aggregate demand for banknotes is increasing. This article considers how cash usage has evolved in recent decades, how cash is used today, and why the Bank of England needs to prepare for a future where cash remains important.

Suggested Citation

Fish, Tom and Whymark, Roy, How Has Cash Usage Evolved in Recent Decades? What Might Drive Demand in the Future? (September 18, 2015). Bank of England Quarterly Bulletin 2015 Q3, Available at SSRN: https://ssrn.com/abstract=2667474

Tom Fish (Contact Author)

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Roy Whymark

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
336
Abstract Views
1,090
Rank
161,739
PlumX Metrics