Fiat Currency, from Wallet to Museum: Accelerating the Inevitable in the Name of Homeland Security [open pdf - 2MB]
From the Thesis Abstract: "This research examined what influence large-denomination currency has on the financial networks of terror and criminal groups. This thesis analyzed how the removal of the $50 and $100 bills would affect these illicit groups. A historical review identified the use and effectiveness of large-denomination currency in the context of social acceptance and its place in the modern global financial payment system. This thesis employed a comparative policy analysis to examine alternatives to cash as an effort to combat the illicit world of finance. Recommendations include that the U.S. government reevaluate its obligation with respect to large-denomination circulating currencies, and develop alternate financial frameworks that incorporate the restriction or discontinuation of the $50 and $100 notes."
Naval Postgraduate School, Dudley Knox Library: https://calhoun.nps.edu/