However, it is 1/7  BIS central bankers' speeches  losing significance – the share of cash was 74% in the preceding study from 2017, thus decreasing by an impressive 14 percentage points within only three years. Certainly, the coronavirus pandemic gave non-cash payments an extra boost here.
*  *  *  I am pleased to participate in today’s conference and to join others in the justly deserved tributes to Anna Schwartz. She has been most interested, among a wide variety of other subjects, in the connections that economic and financial policies have to financial crises.