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Transaction balances of small denomination banknotes : findings from the introduction of ES2

Bartzsch, Nikolaus - 2017

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 …

Persistent link: https://www.econbiz.de/10011731375

The death of cash? : not so fast : demand for U.S. currency at home and abroad, 1990-2016

Judson, Ruth A. - 2017

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...

Persistent link: https://www.econbiz.de/10011731059

US monetary policy and the stability of currency pegs

Roevekamp, Ingmar - 2019

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...

Persistent link: https://www.econbiz.de/10012265914

Consequences of financial crisis on loan providing funds for small & medium enterprises former prefecture of Serres -Greece

Balomenou, Chrysanthi; Maliari, Marianthi - 2011

It is common knowledge that Small and Medium enterprises make up the backbone of the Greek economy. Nowadays during the greatest post war financial crisis, the fund availability critically determines the survival and the development of almost every enterprise. In the first part of this...

Persistent link: https://www.econbiz.de/10011541646

Systemic instability of the interbank credit market : a contribution to a resilient financial system

Gries, Thomas; Mitschke, Alexandra - 2019

This theoretical model analyzes the impact of interbank credit market dynamics on the resilience of the financial system. Based on a stochastic model of interbank market credit flows, lending in the interbank market is restricted by the availability of liquidity. Following a shock...

Persistent link: https://www.econbiz.de/10012296413

What makes cities bigger and richer? : new evidence from 1990 - 2000 in the US

González-Val, Rafael - 2011

This paper analyses the determinants of growth of American cities, understood as growth of the population or of per capita income, from 1990 to 2000. This empirical analysis uses data from all cities with more than 25,000 inhabitants in the year 2000 (1154 cities). The results show that while a...

Persistent link: https://www.econbiz.de/10011548599

Investing in lagging regions is efficient : a local multipliers analysis of U.S. cities

Dijk, Jasper J. van - 2015

estimation of the effect of the unemployment rate on the size of the local employment multiplier shows a neat fit to the …

Persistent link: https://www.econbiz.de/10011484444

ROSA, ROSAE, ROSIS : modelling a regional open sectoral innovation system

Gómez Porto, Igone; Otegi, Jose Ramón - 2014

A review of the types of Innovation System identified in the literature points to different models. Besides the very well-known National, Regional, Local, sectorial, and technological innovation systems, combinations of the previous can be identified, proposing sub-models such as National Open...

Persistent link: https://www.econbiz.de/10011499311

Uncertainty and non-linear macroeconomic effects of fiscal policy in the US : a SEIVAR-based analysis

Belke, Ansgar; Goemans, Pascal - 2019 - First draft: December 18, 2018, this draft: September 8, 2019

We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...

Persistent link: https://www.econbiz.de/10012268062

Interregional spillovers and urban-rural disparity in U.S. employment growth

Saito, Hisamitsu; Gopinath, Munisamy; Wu, JunJie - 2010

A wide urban-rural disparity is observed in employment growth in the United States. For example, employment growth averaged 2.1 percent in urban counties during 1998-2007, compared with just 1 percent in rural counties. In this study, we examine the sources of U.S. employment growth using the...

Persistent link: https://www.econbiz.de/10011573731