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The Use of Cash by Households in the Euro Area
Esselink, Henk - 2017
cash by households. This paper presents an estimation of the number and value of cash transactions in all 19 euro area … that can contribute to improving the efficiency of the cash cycle and the payment system as a whole. Previous estimates of … the value of cash usage by households in the euro area date from 2008. Since then some central banks have carried out …
Persistent link: https://www.econbiz.de/10012942685
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Foreign Demand for Euro Banknotes
Lalouette, Laure; Zamora-Pérez, Alejandro; Rusu, Codruta; … - 2021
In order to understand why there is a continuous increase in euro banknote circulation even though the use of cash for … workstream of the Eurosystem Research Network on Cash (EURECA) 1 have conducted a study on the foreign demand for euro banknotes … factors behind the demand for euro banknotes, for both store-of-value and transaction purposes. In particular, euro cash flows …
Persistent link: https://www.econbiz.de/10013243845
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Household Sector Borrowing in the Euro Area - A Micro Data Perspective
Lojschova, Adriana - 2011
This paper uses micro data from the European Union Statistics on Income and Living Conditions (EU-SILC) to generate structural information for the euro area on the incidence of household indebtedness and the debt service burden. It breaks down incidence by characteristics such as income, age and...
Persistent link: https://www.econbiz.de/10013128171
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Beyond the Economics of the Euro : Analysing the Institutional Evolution of EMU 1999-2010
Salines, Marion - 2011
This Occasional Paper examines how and why the institutional framework governing EMU has evolved since the creation of the euro. Building on theories of institutionalism, the paper in particular investigates to what extent functional spillovers from the single currency into other policy domains,...
Persistent link: https://www.econbiz.de/10013128176
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Euro Area Cross-Border Financial Flows and the Global Financial Crisis
Forster, Katrin - 2011
This paper analyses the impact of the global financial crisis on euro area cross-border financial flows by comparing recent developments with the main pre-crisis trends. Two prominent features of the period of turmoil were (i) the sizeable deleveraging of external financial exposures by the...
Persistent link: https://www.econbiz.de/10013128178
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The Global Downturn and its Impact on Euro Area Exports and Competitiveness
di Mauro, Filippo - 2010
World trade contracted sharply in late 2008 and early 2009 following the deepening of the financial crisis in September 2008. This paper discusses the main mechanisms behind the global downturn in trade and its impact on euro area exports and competitiveness. It finds that the euro area was hit...
Persistent link: https://www.econbiz.de/10013137758
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Revisting the Effective Exchange Rates of the Euro
Schmitz, Martin - 2012
This paper describes in detail the methodology currently used by the European Central Bank (ECB) to determine the nominal and real effective exchange rate indices of the euro. Building on the work of Buldorini et al. (2002), it shows how the ECB's techniques for calculating effective exchange...
Persistent link: https://www.econbiz.de/10013113993
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Shadow Banking in the Euro Area : An Overview
Bakk-Simon, Klara - 2012
Shadow banking, as one of the main sources of financial stability concerns, is the subject of much international debate. In broad terms, shadow banking refers to activities related to credit intermediation and liquidity and maturity transformation that take place outside the regulated banking...
Persistent link: https://www.econbiz.de/10013113994
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The Size and Composition of Government Debt in the Euro Area
Hartwig Lojsch, Dagmar - 2011
This paper explains the various concepts of government debt in the euro area with particular emphasis on its size and composition. In terms of size, the paper focuses on different definitions that are in use, in particular the concept of gross general government debt used in the surveillance of...
Persistent link: https://www.econbiz.de/10013120240
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Euro Area Labour Markets and the Crisis
Anderton, Robert - 2012
Between the start of the economic and financial crisis in 2008, and early 2010, almost four million jobs were lost in the euro area. Employment began to rise again in the first half of 2011, but declined once more at the end of that year and remains at around three million workers below the...
Persistent link: https://www.econbiz.de/10013100053