Showing 1 - 10 of 138
transactions is decreasing in the euro area - a phenomenon known as the paradox of banknotes - the members of the Overseas … 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 …
Persistent link: https://www.econbiz.de/10012521157
account of the change in the circulation of euro banknotes and the use of cash in transactions during the pandemic; and (2) to … increase in demand for cash as a store of value but a decrease in the use of cash in transactions. Although citizens reported … using cash less in transactions partly out of fear of infection, research confirms that the risk of the virus being …
Persistent link: https://www.econbiz.de/10012661641
cash by households. This paper presents an estimation of the number and value of cash transactions in all 19 euro area …Although euro banknotes and coins have been in circulation for fifteen years, not much is known about the actual use of … 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
cash by households. This paper presents an estimation of the number and value of cash transactions in all 19 euro area …Although euro banknotes and coins have been in circulation for fifteen years, not much is known about the actual use of … 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
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
transactions is decreasing in the euro area – a phenomenon known as the paradox of banknotes – the members of the Overseas … 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
This paper provides a comprehensive overview of the use of the Eurosystem’s monetary policy instruments and the operational framework from the first quarter of 2009 until the second quarter 2012. The paper discusses in detail, from a liquidity management perspective, the standard and...
Persistent link: https://www.econbiz.de/10011606287
. Banks made swift use of the system by filling their allowances through money market transactions, reserves reallocation …
Persistent link: https://www.econbiz.de/10013480191