ekrona

Goodbye Cash, Hello E-krona

– November 27, 2018

The Riksbank—Sweden’s central bank—intends to issue a digital currency.

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Swedish Monetary Ingenuity

– November 19, 2018

Sweden has been at the forefront of monetary experimentation for centuries. Now they have the distinction of being the only country in the world to experience declining growth in cash in circulation.

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ChinaPrint

Is China Printing Your Banknotes?

– October 30, 2018

Chinese traction in the small but hypersensitive banknote market indicates that it is succeeding in earning global credibility. But most sizable nations continue to rely on their own state print works.

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1000 note

Should the U.S. Issue Supernotes?

– September 3, 2018

J.P. Koning argues that the U.S. government should issue—and tax—$500- and $1,000-denomination notes. James McAndrews, Joshua Hendrickson, and William Luther respond.

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A Revealed Preference for Money

– August 27, 2018

People use money. That itself tells us something about why we shouldn’t eliminate it.

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What’s Up With the $1 Coin?

– July 23, 2018

As far as monetary reforms go, the $1 coin’s removal may not be very flashy. But it seems like a no-brainer. 

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Pricing the Anonymity of Banknotes

– May 9, 2018

Banknotes are useful. Not only do they provide their owner with a standard set of payments services, they also offer financial anonymity. How might a government price the anonymity component?

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Ivan_the_Great_Bell_Tower_in_Moscow_Kremlin_1

Is the Cryptorouble a Viable Currency?

– January 3, 2018

What would the cryptorouble bring to the table? It’s not hard to guess: some measure of control by the Russian government and central bank. We have no details yet on how the structure would work. But we can speculate. The best possible guess is that the cryptorouble would add a settlement layer to the official currency. It would enjoy the status of being legal tender. It would permit a more efficient and borderless method of transferring claims.

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eye

The War on Cash: What Do You Have to Hide?

– November 28, 2017

Banning cash is inconsistent with the liberal tradition. It is the way of despots.

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Economizing on Cash Balances

– November 2, 2017

Cash can be converted to goods all but instantly, but provides the holder of cash no interest.

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rupee

Second Thoughts on Indian Demonetization

– November 1, 2017

Indians accomplished in mere months something that took Europeans ten years.

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Cash and Crime

– February 21, 2017

The benefits of reducing crime by banning cash are lower than Rogoff implies.

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