Towards a cashless economy: Economic and socio-political implications

• Tipo: Artigo em Revista Científica Internacional
• Data: 2020

Autores

Cohen, N (Autor) Outra; Rubinchik, A (Autor) Outra; Shami, L (Autor) Outra

Revista

Título: European Journal of Political Economy

Vol. 61

ISSN: 0176-2680

Editora: Elsevier

Indexação

ISI Web of Knowledge - 13 Citações

Scopus - 19 Citações

Outras Informações

ID Authenticus: P-017-3SG

DOI: 10.1016/j.ejpoleco.2019.101820

Abstract (EN): We construct a simple general equilibrium model to demonstrate how eliminating cash can lead to a misallocation of resources in a naturally segmented economy with observed (official) and non-observed (informal) sectors. The source of inefficiency mirrors the standard arguments explaining why money is essential: a promise backed by a good produced in one sector can not be used in another and so absence of a reliable fiat money reduces the gains from trade. We also point to several additional unintended consequences of cash elimination.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 12