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that are held for transaction purposes both in Germany and outside the euro area. The estimation of the volume of €20 … now, it was not clear how many of these German-issued euro banknotes are actually used for payment purposes. Owing to the … shipments by the Deutsche Bundesbank - held for transaction purposes outside the euro area was estimated at just over €3 billion …
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It would seem that physical currency should be fading out as the world of payments is increasingly electronic, with new technologies emerging at a rapid pace, and as governments look to restrictions on large-denomination notes as a way to reduce crime and tax evasion. Nonetheless, demand for...
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I study the pricing of American Depositary Receipts around FOMC meetings to identify the impact of US monetary policy on managed exchange rates. ADR investors assess the domestic central bank’s reluctance to maintain a currency peg regime if the costs of mimicking policy rate increases in the...
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