Banknotes

David Rule Digital currencies and stablecoins have increased interest in how new forms of money are adopted. Looking to three episodes from the 1690s to the First World War, this post considers how paper currency replaced coin in Britain, an historical example of adoption of new money. The underlying drivers were not technological changes but … Continue reading War and payment innovation: the adoption of paper currency in Britain →

Lily Smith Like mother, like daughter? Like father, like son? Despite the increasing prevalence of digital payments in today’s world, young people continue to use cash. The persistence of cash use, even among youngsters who have grown up with debit cards and smartphones, raises interesting questions about the factors that influence young people’s payment choices. … Continue reading Parental guidance: the influence of parents on young people and their attitudes towards cash →

Zahra Damji and Eleanor Hammerton The best purchases in life are free. How’s that possible, you ask? Well, pay with cash of course! The idea that anything bought with cash is free because the money is spent when you make the withdrawal, not when you make the purchase, is one example of the TikTok phenomenon … Continue reading Cash stuffing versus girl maths: how do people budget in a digital world? →