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End of the road? Shifting from paper to electronic money could curb tax dodging and give central bankers another tool to deploy during economic crises.
End of the road? Shifting from paper to electronic money could curb tax dodging and give central bankers another tool to deploy during economic crises.
(Getty Images/iStockphoto)

Why central bankers would like to trash your cash

That $100 bill in your wallet is so crisp, so new – and now so endangered.

In the wake of the financial crisis, economists have been pondering reforms that might provide a bigger buffer against downturns. Recently, the discussion in some quarters has turned to a radical but intriguing notion: Doing away with paper money.