Who wins in a cashless society? | tutor2u Economics

Essential listening I think for students taking financial economics as part of their A level and looking at the functions of money in a modern system. Linda Yueh presents a special programme via the BBC World Service on the future of cash including an interview with economist Ken Rogoff.

The last decade a future without coins and notes has become a real possibility thanks to the global development and adoption of cashless systems. Some banks in Scandinavia are already refusing to accept or hand out cash. Is this process inevitable? More importantly, is it wise both for developed and developing nations?

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