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This book presents contributions by leading academics and practitioners from central banks to shed light on the function and impact of cash in Asian countries. It explores the impact of cash on society, the role of cash in monetary policy, and the future of cash in various monetary systems, contrasting case studies from China, Japan, Korea, and Singapore with experiences from Europe. Recently the role of cash in the economy has become a much-discussed topic in Europe, but the issue is also of considerable relevance in Asia. Singapore and South Korea, for example, are relatively advanced in the use of cashless payments for daily exchanges, while countries like Japan still largely rely on cash for a wide range of transactions. Some economists argue for the abolition of cash so as to facilitate transactions, reduce the monetary scope of criminal transactions, and expand the available options for monetary policy through negative interest rates. Opposing voices claim that such a step would reduce the freedom of individuals and lead to a greater potential for monetary repression. The abolition of cash could also significantly impact the public's monetary psychology, thereby influencing their inflation expectations, portfolio structure, saving behavior, and other important monetary parameters

In the social sciences there is a discernible trend towards emphasizing the ethical dimension in the analysis of society, or adding one where it had been absent in discussions of the past. Such analyses can be further enhanced by a comparative view. As such, the German Association for Social Science Research on Japan (VSJF) decided to focus on “ethics” as the general theme for its annual conference in 2011. This volume contains selected papers from the conference, which cover a wide range of ethical issues in science and society. Fields like robotics and bioethics, as well as education, civil society and ethical consumption are considered. The regional perspective goes beyond Japan in some of the contributions to include examples from Germany and China.