Narrow search
Showing 1 - 10 of 183
Cover Image
Reserves for all? : central bank digital currency, deposits, and their (non)-equivalence
Niepelt, Dirk - 2018
banking and the abolition of cash I propose an equivalence result according to which a marginal substitution of outside for …
Persistent link: https://www.econbiz.de/10011884338
Cover Image
Payment innovations, the shadow economy and cash demand of households in euro area countries
Reimers, Hans-Eggert; Schneider, Friedrich; Seitz, Franz - 2020
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
Cover Image
The pandemic cash and retail payment behaviour : insights from the future of payments databas
Auer, Raphael A.; Cornelli, Giulio; Frost, Jon - 2023
? What do they imply for the future of cash and digital payments? We assemble a new "Future of Payments" database on retail … countries. We find that card-not-present payments, payment app downloads and the volume of cash in circulation all rose in weeks …
Persistent link: https://www.econbiz.de/10013536195
Cover Image
Cash in circulation and the shadow economy : an empirical investigation for Euro area countries and beyond
Seitz, Franz; Reimers, Hans-Eggert; Schneider, Friedrich - 2018
banknotes and take due account of other determinants of cash demand. We find a significant and positive relationship between the … purposes, we also present panel results for eight non-euro area countries (Australia, Canada, Japan, Norway, Sweden … cash demand equation including the shadow economy. …
Persistent link: https://www.econbiz.de/10011872942
Cover Image
How strong is the case for dollarization in Costa Rica? : a note on the business cycle comovements with the United States
Lindenberg, Nannette; Westermann, Frank - 2009
We evaluate the proposal for official dollarization in Costa Rica by applying a new approach to measure the business cycle comovements with the United States. While the literature often focuses on the correlation of shocks, we point out that the response of each country to the shocks is also an...
Persistent link: https://www.econbiz.de/10003887163
Cover Image
Financial dollarization and European Union membership
Neanidis, Kyriakos C. - 2010
We analyze the effect of European Union (EU) membership on financial dollarization for the Central and Eastern European countries. Using a unique monthly dataset that spans about two decades, we find that both the accession process toward EU membership and EU entry have a direct impact on...
Persistent link: https://www.econbiz.de/10003979384
Cover Image
Dollarization of deposits in the short and long run : evidence from CESE countries
Urosevic, Branko; Rajkovic, Ivana - 2016
In this paper, we study the drivers of permanent and transitory deposit dollarization for a sample of CESE countries using panel cointegration techniques. The results suggest that a positive cointegration relationship exists between permanent dollarization and Minimum Variance Portfolio (MVP)...
Persistent link: https://www.econbiz.de/10011421680
Cover Image
Strategic currency choice in international trade
Sokolova, Maria V. - 2015 - October 12, 2015, First version: December 2013
How exporters choose currency for their exports? Using highly disaggregated data on the population of Russian Federation exporting firms between 2005 and 2009 this paper studies the strategic determinants of currency invoicing decisions. Strategic morives embrace two occurrences in currency...
Persistent link: https://www.econbiz.de/10011374196
Cover Image
An independent Scotland’s currency options redux : assessing the costs and benefits of currency choice
MacDonald, Ronald - 2014
This paper demonstrates that all of the currency options available to an independent Scotland come with the price tag of an austerity programme to the tune of £40bn. This is due to the need to accumulate foreign exchange reserves. So called Plan A - being part of a formal monetary union - comes...
Persistent link: https://www.econbiz.de/10010404563
Cover Image
The causal effect of the Dollar on trade
Ma, Sai; Schmidt-Eisenlohr, Tim; Zhang, Shaojun - 2020
This paper establishes a causal link between the dollar exchange rate and international trade flows, employing a new instrument for the U.S. Dollar that is based on domestic U.S. housing activity (Ma and Zhang (2019)). In line with the dominant currency paradigm (Gopinath et al. (2020)), import...
Persistent link: https://www.econbiz.de/10012319440