This is an inevitably important issue for a central bank responsible for improving efficiency and safety of the payment and settlement systems. There are many issues in the current payment and settlement systems that must be dealt with, such as costly cross-border payments and financial inclusion.
In order to realize effectively a steady expansion of consumption expenditures, increases in nominal income made in the form of increases in scheduled cash earnings – which comprise about three-fourths of nominal wages and are considered to be stable and less variable – would be superior to increases in special cash earnings, which are considered to be more variable.