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Are Coins and Notes History in The US ?

Author

Listed:
  • Irena Munteanu

    (“Ovidius” University of Constanța, Faculty of Economic Sciences, Romania)

  • Valentina Punga

    (“Ovidius” University of Constanța, Faculty of Economic Sciences, Romania)

Abstract

There is a famous saying: Money changes companies and companies change money. Nowadays there are more and more opinions about the future of money and central banks. Is money issuance still a function of central banks? Regulation or deregulation? Society without physical money? These are just some of the questions we hear from both the general public and the financial banking world. This paper is a small study of money issuance and its necessity from a central bank perspective. The study on the US case is based on data published by the Federal Reserve and brings the US dollar issuance into focus. Based on volume and tightness analysis, the results show that there is still a need for physical currency in the US, especially small denomination. Although credit cards have replaced many cash transactions in recent years, the dollar is a sought-after physical currency outside the US.

Suggested Citation

  • Irena Munteanu & Valentina Punga, 2023. "Are Coins and Notes History in The US ?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 996-1000, August.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:1:p:996-1000
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    currency; Fed; monetary policy;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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