Costs and Benefits to Phasing Out Paper Currency

Kenneth S. Rogoff

NBER Working Paper No. 20126
Issued in May 2014

---- Acknowledgments ----

An earlier draft of this paper formed the basis for a dinner speech at the April 11, 2014, NBER Macroeconomics Conference in Cambridge MA. The author is grateful to Ruth Judson and Stephanie Lo as well as to NBER conference participants for extremely helpful comments, and to Madhusudan Vijay and Diana Zhu for research assistance. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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