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 …

? 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 …

Cash is an important means of transaction, generally assumed to be fungible. However, behavioral economics and consumer … research show that "cash in hand", physically holding on to cash and then handing it away, affects purchasing decisions. I … study how cash in hand influences decisions in a different but very important domain: savings. Savings accounts are a …

banking and the abolition of cash I propose an equivalence result according to which a marginal substitution of outside for …

banknotes and take due account of other determinants of cash demand. We find a significant and positive relationship between the … cash demand equation including the shadow economy. …

or employment. Using U.S. firm level data, we document systematic patterns of cash and debt financing around lumpy … productivity are leading indicators of the lumpy adjustment. Cash and debt capacity are actively manipulated, and contribute … in productive capacity are undertaken following years where firms reduce cash balances and hold above average levels of …

This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate … exchange rate regimes indicates that currency volatility exerts only a small influence upon the level of investment spending …

business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … control group, we address the question if and to what extent these investment tax incentives boosted investment. In line with … were cut back in 1997. Moreover, there was a significant reduction in building investment in the year after the expiration …

significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …