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We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a … panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and … opportunity costs, we concentrate on cashless payments media as substitutes to cash payments and the role of the shadow economy …
Persistent link: https://www.econbiz.de/10012291866
cash by households. This paper presents an estimation of the number and value of cash transactions in all 19 euro area … that can contribute to improving the efficiency of the cash cycle and the payment system as a whole. Previous estimates of … the value of cash usage by households in the euro area date from 2008. Since then some central banks have carried out …
Persistent link: https://www.econbiz.de/10011752271
- wide access to cash is fundamentally important for a healthy economy. In this study, three main research areas were …' payment choices; 3. underlying factors for holding cash in a wallet (i.e. for transactional purposes). Regression results for … income and education, or lower level of cash income are more likely to prefer and actually use electronic payment methods …
Persistent link: https://www.econbiz.de/10013373669
Using merged data from the British Household Panel Survey (BHPS) and the German Socio-Economic Panel (SOEP), this paper … the initial problems were overcome within one year of the introduction of euro cash. …
Persistent link: https://www.econbiz.de/10003522939
Persistent link: https://www.econbiz.de/10011349882
2011 stood at €2.3 billion; this corresponds to around 36% of the total volume of German (ie issued by the Deutsche … €2 coins. Only in the case of €2 coins has the cash stock held for transaction purposes made a significant contribution … method of determining the demand for this denomination. Given the overall weakness in the growth of the cash held for …
Persistent link: https://www.econbiz.de/10010429759
Persistent link: https://www.econbiz.de/10002124962
At the beginning of next year, euro notes and coins will be finally introduced into the euro area. Although this is likely to be a major upheaval for the euro-area economy, it does not have any obvious implications for the exchange rate. However, research on exchange rate determination suggests...
Persistent link: https://www.econbiz.de/10013103304
cash by households. This paper presents an estimation of the number and value of cash transactions in all 19 euro area … that can contribute to improving the efficiency of the cash cycle and the payment system as a whole. Previous estimates of … the value of cash usage by households in the euro area date from 2008. Since then some central banks have carried out …
Persistent link: https://www.econbiz.de/10012942685
The public debt of Greece to foreign governments, including debt to the EU/IMF loan facility and debt through the eurosystem, rose from €47.8bn to €180.5bn between January 2010 and September 2011. €17.1bn of the rise in eurosystem debt was due to an 86% increase in the Greek issue of euro...
Persistent link: https://www.econbiz.de/10013008392