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Precautionary motives in short-term cash management : evidence from German POS transactions

Eschelbach, Martina; Schmidt, Tobias - 2013

This paper empirically investigates whether individuals withhold a certain amount of cash for precautionary reasons at the point-of-sale (POS) in order to be able to cover future transactions that might have to be paid for in cash. Such behaviour is costly for consumers because it imposes...

Persistent link: https://www.econbiz.de/10010192759

Regional payment systems : a comparative perspective on Europe and the developing world

Fritz, Barbara; Biancareli, André; Mühlich, Laurissa - 2012

The current global financial "non-system" is marked by instability. In the absence of global solutions, a series of regional arrangements of monetary cooperation have been emerging to cope with such instability. The paper focuses on regional payment systems as an initial step of regional...

Persistent link: https://www.econbiz.de/10009526022

Capital flows in the euro area and TARGET2 balances

Hristov, Nikolay; Hülsewig, Oliver; Wollmershäuser, Timo - 2019

, Ireland and Portugal, while to a smaller extent depressing aggregate economic activity in core member states, such as Germany …

Persistent link: https://www.econbiz.de/10012034705

The effects of sanctions on Russian banks in TARGET2 transactions data

Drott, Constantin; Goldbach, Stefan; Nitsch, Volker - 2022

This short paper examines the effect of financial sanctions at the most disaggregated level possible, individual bank accounts. Using data from the Eurosystem's real-time gross settlement system TARGET2, we provide empirical evidence that sanctions imposed by the European Union on Russian banks...

Persistent link: https://www.econbiz.de/10013399774

Global payment disruptions and firm-level exports

Haas, Ralph de; Kirschenmann, Karolin; Schultz, Alison - 2022

We exploit proprietary information on severed correspondent banking relationships - due to the stricter enforcement of financial crime regulation - to assess how payment disruptions impede cross-border trade. Using firm-level export data from emerging Europe, we show that when local respondent...

Persistent link: https://www.econbiz.de/10013474503

Broken relationships : de-risking by correspondent banks and international trade

Borchert, Lea; Haas, Ralph de; Kirschenmann, Karolin; … - 2023

We exploit proprietary information on severed correspondent banking relationships (due to the stricter enforcement of financial crime regulation) to assess how payment disruptions impede cross-border trade. Using firm-level export data from emerging Europe, we show that when local respondent...

Persistent link: https://www.econbiz.de/10014472294

Determinants of TARGET2 transactions of European banks based on micro-data

Drott, Constantin; Goldbach, Stefan; Jochem, Axel - 2022

Germany and the rest of the euro area. Using data from the German component of Eurosystem's real-time gross settlement system … and profit and loss accounts affect flows with Germany. We control for bilateral bank-specific relationships and time … flows to Germany in sum, intragroup payments and ancillary systems' transactions have led to net outflows. …

Persistent link: https://www.econbiz.de/10013411245

A Bayesian approach for the determinants of bitcoin returns

Stengos, Thanasēs; Panagiōtidēs, Theodōros; … - 2023

Persistent link: https://www.econbiz.de/10014333355

Cashless payments and tax evasion : evidence from VAT gaps in the EU

Bohne, Albrecht; Koumpias, Antonios M.; Tassi, Annalisa - 2023

This paper explores the connection between the proliferation of cashless, or e-money, payments and value-added tax (VAT) compliance. We present both visual and descriptive evidence that illustrates a negative correlation between e-money use and VAT evasion, proxied by the VAT compliance gap for...

Persistent link: https://www.econbiz.de/10014472026

Are interest rates responsible for unemployment in the eighties? : A Bayesian analysis of cointegrated relationship with a regime shift

De la Croix, David; Lubrano, Michel - 1994

Persistent link: https://www.econbiz.de/10000893219

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