Showing 1 - 10 of 138
account of the change in the circulation of euro banknotes and the use of cash in transactions during the pandemic; and (2) to …In the light of fears that the SARS-CoV-2 virus might be transmitted via cash - fears that were stoked by statements in … assess the survivability of the virus on cash and the potential transmission risks. The pandemic has caused a significant …
Persistent link: https://www.econbiz.de/10012661641
Although euro banknotes and coins have been in circulation for fifteen years, not much is known about the actual use of … 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 …
Persistent link: https://www.econbiz.de/10011804704
Although euro banknotes and coins have been in circulation for fifteen years, not much is known about the actual use of … 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 …
Persistent link: https://www.econbiz.de/10012942685
This paper discusses commercial banks' demand for central bank reserves under two alternative monetary policy framework configurations, namely: (i) an interest rate corridor system with scarce liquidity, and (ii) a floor system with ample liquidity. It outlines the interaction between the...
Persistent link: https://www.econbiz.de/10012661664
This paper discusses commercial banks’ demand for central bank reserves under two alternative monetary policy framework configurations, namely: (i) an interest rate corridor system with scarce liquidity, and (ii) a floor system with ample liquidity. It outlines the interaction between the...
Persistent link: https://www.econbiz.de/10013212033
workstream of the Eurosystem Research Network on Cash (EURECA) have conducted a study on the foreign demand for euro banknotes …In order to understand why there is a continuous increase in euro banknote circulation even though the use of cash for … transactions is decreasing in the euro area - a phenomenon known as the paradox of banknotes - the members of the Overseas …
Persistent link: https://www.econbiz.de/10012521157
provide euro area citizens with access to central bank money in an increasingly digitalised world. While a digital euro could … central bank digital currency, or CBDC, could in principle alter the transmission of monetary policy and impact financial … stability. To prevent this risk, options to moderate CBDC take-up are being discussed widely. In view of the significant degree …
Persistent link: https://www.econbiz.de/10013331900
The quality of banknotes in the cash cycles of countries in the Eurosystem varies, despite all of these countries using … banknote quality in circulation as well as central bank cash cycle costs. Production variations in new banknotes, the fitness … identical euro banknotes. While it is known that this is dependent on national characteristics, such as public use and the …
Persistent link: https://www.econbiz.de/10011804707
bank money in digital form that is universally accepted for digital payments across the euro area. A digital euro would … offer a wide range of financial stability benefits, including safeguarding the role of public money and strengthening the …
Persistent link: https://www.econbiz.de/10014565195
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 …In order to understand why there is a continuous increase in euro banknote circulation even though the use of cash for …
Persistent link: https://www.econbiz.de/10013243845