particular, the demand for cash is analysed from this point of view. The analysis is based on a simple spatial transactions model … ATMs (in relation to population). It also reveals that the demand for cash depends both on the number of ATMs and ATM … networks and on the popularity of other means of payment. Thus, the use of cash can be fairly well explained in a transaction …

base money, which is generally considered the cornerstone of the central bank’s power to set the short-term interest rate … settlement money that competes with the liabilities of the central bank. The paper presents a model on the implementation of … monetary policy in an economy where such private substitutes for central bank money are available for the settlement of …

This paper studies the gain from using money as an indicator when monetary policy in made under data uncertainty. We … state of the economy. Money reveals some of the private sector’s information to the policymaker, especially if there is a … forward looking element in money demand. We show that observing money can considerably reduce the loss that is due to …

We compare parameter estimates of the intertemporal money-in-the-utility-function model estimated using the Generalized …

We derive a theoretical model for the demand for money using the money-in-the-utility-function approach. The steady …-state – utility function – parameters of the model of narrow money (M1) estimated with cointegration techniques are stable over the … fits the M1 data. The adjustment cost parameters of the M1 model describing the dynamics of the demand for money are stable …

This paper presents a model on the demand for money market funds (MMFs). These funds are a very close substitute for M1 …

In order to study the role of money in an inflation targeting regime for monetary policy, we compare the interest rate … and money as monetary policy instruments. Our dynamic stochastic general equilibrium model combines the money …-in-the utility-function approach with sticky prices. We allow for time-varying preferences for real money balances, ie velocity …

cash withdrawal ATM services and cash usage. The aim and novelty of the study is to construct the ATM equation. The study … also contributes to the earlier discussion on the effects of ATMs on cash usage. The monopolisation of ATM network market … structure and its effects on the number of ATMs and on cash in circulation are analysed both theoretically and empirically. The …