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Discussion Paper
The Future of Cash
In many advanced economies around the world, the share of transactions conducted using cash payments has been falling over the past several years. This change has likely been because of a combination of shifting consumer tastes, improvements in payment technology (specifically credit and debit cards), and the rapid growth of online transactions. As the decline in the cash share has led to some businesses choosing not to accept cash payments, many policymakers have discussed interventions to ensure access to the modern economy for consumers who prefer to pay in cash. Despite the reduced use of ...
Journal Article
Bankruptcy Filings in the Third District During COVID-19
Early in the pandemic, unemployment rose dramatically. As the crisis deepens, what will happen to households and firms? We chart the past and future course of business and personal bankruptcy rates.