vurleading.blogg.se - Capitalism ii online

The first is the shrinking cash infrastructure which is common to many markets and limits access to cash.

Three factors, however, challenge this resilience. beyond just the innovations in technology.” said Hyun Song Shin, economic adviser for the Bank for International Settlements. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context.

“The resilience of cash as a social institution reminds us of the importance of understanding the economic functions of money From the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. The Covid-19 pandemic demonstrated this with the unprecedented increase in cash demand in 2021, when 75% of the world’s currencies experienced double-digit growth ( Heinonen). has shown its robustness and resilience in times of natural and made-man disasters.

The cash cycle Represents the various stages of the lifecycle of cash, from issuance by the central bank, circulation in the economy, to destruction by the central bank. plays a key contingency role in disaster recovery and crises. Cash Money in physical form such as banknotes and coins.