We measure consumers’ use of cash by harmonizing payment diary surveys from seven countries: Australia, Austria, Canada …-country differences, for example, the level of cash usage differs across countries. Cash has not disappeared as a payment instrument …, especially for low-value transactions. We also find that the use of cash is strongly correlated with transaction size …

this research gap. To investigate whether banknote quality affects counterfeit detection, De Nederlandsche Bank (DNB) and …

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 … being settled in cash declines significantly as the amount of cash available at one’s disposal decreases. This indicates …

whether the monetary policy of the Bank of England, which has a formal inflation target, has been any less flexible than that … flexibility of the central bank's response to macroeconomic shocks. Based on this criterion, there is no evidence to suggest that … the Bank of England's inflation target has compelled it to be more aggressive in pursuit of low inflation than the Federal …

We use a unique data set that comprises each bank’s bids in the Eurosystem’s main refinancing operations and its … that a bank’s willingness-to-pay is a good indicator for the probability that this bank draws on the LOLR facility. Our …

Risk-Shifting premium. With the full fixed-income trading book of 26 German banks, I identify each trade of each bank and …

bank and responsible fiscal policy and more pronounced in times of high fiscal budget deficits and accommodative monetary …