Currency in circulation

Global trends and the situation in the Czech republic

Bibliographic Data

ID6109244
AuthorsJan Cimburek, Pavel Řežábek
Year2008
Volume56
Issue6
Pages739-758
Publication date2008-12-01
Open AccessYes
TypeARTICLE
VenuePolitická ekonomie (JOURNAL)
Journal identifiersISSN: 0032-3233 • E-ISSN: 2336-8225
PublisherPrague University of Economics and Business (PUBLISHER • CZ)
DOI10.18267/j.polek.661
OpenAlexW2327699094
LanguageEN
Citations received3
References cited8

This paper deals with the evolution of currency in circulation and world trends in selected developed countries. We argue against the opinion that money in their cash form (i.e. notes and coins) will seize to exist within the horizon of fifteen years and that only electronic means of payment will be used in the users' payment mix. We quantify and compare the trend of currency in circulation with main macroeconomic and demographic indicators and focus on finding and defining possible additional qualitative factors that might influence the usage of banknotes and coins. Paper offers a new approach to rising currency in circulation which is not based on quantitative factors but more on the qualitative factors which motivate users to use cash. Furthermore the paper focuses on the regional aspect and describes and compares the cash situation in the Czech Republic. Based on the defined qualitative factors, which are promoting the use of cash and motivating potential users of cash, we come to the conclusion that cash will play its important role in the future as a reliable, safe and user friendly mean of payment

Business · Cash · Cash flow statement · Cash management · Circulation (fluid dynamics) · Currency · Czech · Economics · Electronic money · Monetary economics · Payment · Economic and Fiscal Studies · Engineering · Finance · Fiscal Policy and Economic Growth · Taxation and Compliance Studies

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Open DOIOpen Access