Consequences of the abolition of cash. Arguments for and against cashless means of payment

Bachelor Thesis from the year 2020 in the subject Economics - Monetary theory and policy, , language: English, abstract: For some years now, cash has been on the retreat. Against the backdrop of globally changing payment behaviour, the debate about the abolition of paper money is gaining more and more importance. While large banknotes are to disappear, coins and small notes will be retained in the long term. What functions does cash fulfil? How have means of payment changed over time? What arguments are there for and against the abolition of paper money and what exactly should the implementation look like? Vera Dembski gives a comprehensive overview of the positions in the current discussion and discusses their plausibility. She also presents possible consequences of abolishing cash and argues for strict data protection and security requirements for electronic means of payment. From the contents: - ECB; - Banknotes; - Coinage; - Undeclared work; - Illegal transactions