We estimate the shoe-leather costs of inflation in the euro area using monetary data adjusted for holdings of euro … anticipated inflation. We conclude that, despite the increased circulation of euro banknotes abroad, in the euro area the …

in the euro area. Overall, we find strong variation in the information content of these variables over time. We show that …

in circulation linked to the euro cash changeover and for marketable instruments in an environment of very low interest … broad money M3 in the euro area covering the sample 1999 to 2013. The question is relevant, since in view of the massive … the main components of euro area M3 are largely stable and can be explained by fundamental factors such as a transaction …

In this paper we present an empirically stable money demand model for Euro area M3. We show that housing wealth is an …

This paper investigates possible non-linearities in the dynamics of the euro area demand for the narrow aggregate M1. A …

theoretical IS curve. We test whether or not monetary assets and consumption are additively separable for the euro area using …

parameter matrices. The procedure is applied to a money demand system for the euro area and the results are compared to those …

We measure consumers' use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys … were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the … United States). Our paper finds cross-country differences – for example, the level of cash usage differs across countries …

Since the introduction of the euro in January 1999, exchange rate stability at the periphery of the euro area is …