San Francisco Fed study: cash is not dead yet
Experiences of the dying of money have been “drastically exaggerated”, in response to a latest research by the Federal Reserve Financial institution of San Francisco.
Utilizing foreign money in circulation as a proxy for money use, the research examines the expansion charge of CIC in 42 economies between 2006 and 2016.
“It might come as a shock that, regardless of the explosion of expertise within the funds sector, over the previous 10 years, CIC grew quicker than GDP in most international locations,” say authors John Williams and Claire Wang. For Mexico and Korea
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