The Significance of Non-Cash Turnover in Economic Growth
The Significance of Non-Cash Turnover in Economic Growth

Summary/Abstract: In banking we can witness the globalization of financial services, mainly due to cutting-edge IT technologies. As innovative solutions constantly appear, the society’s needs and demands in the scope of financial services also increase. This revolutionary change entails replacing traditional forms of cash payment by modern and pioneer payment instruments. The aim of the paper is to review the main trends across research studies connected with non-cash turnover. In respective parts the major trends are presented. They are dedicated to non-cash turnover and include: economic growth, grey zone, non-cash expenses, and non-cash turnover determinants. Each trend was supported by the most vital and comprehensive empirical studies conducted by various researchers worldwide. The conclusions in the field of non-cash turnover can be formulated on the basis of the analyses presented. The effects of considerations allow to indicate the possible trends in the field of non-cash turnover and constitute an added value of the publication.

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