Showing 1 - 10 of 123
We identify some factors limiting CBDC adoption and some of the possible solutions. We also assess the media sentiment … media sentiment about CBDC in general. …
Persistent link: https://www.econbiz.de/10014558458
The use of cashless payment instruments has been on an increase over many years now. At the same time, demand for cash … has been on the rise as well and we can observe a particularly high level of growth demand for banknotes during crisis … times. The increase in demand for cash known as the "banknote paradox" is a phenomenon observed in many economies. It …
Persistent link: https://www.econbiz.de/10014558468
The paper depicts the history of using money in Montenegro covering the period before the Christ until nowadays …, and even the Napoleon (French gold coin) money. The first ideas for Montenegro’s own money came from the Bishop Petar … Petrovic Njegoš in the 19th century. The first Montenegrin money, the Perper, was minted in 1906. The King Nikola's Decree as …
Persistent link: https://www.econbiz.de/10012217802
The paper depicts the history of using money in Montenegro covering the period before the Christ until nowadays …, and even the Napoleon (French gold coin) money. The first ideas for Montenegro’s own money came from the Bishop Petar … Petrovic Njegoš in the 19th century. The first Montenegrin money, the Perper, was minted in 1906. The King Nikola`s Decree as …
Persistent link: https://www.econbiz.de/10011165897
issuing central bank digital currency (CBDC). We discuss the main requirements that a DLT solution must fulfill and analyze … each has for the central bank and the existing financial system. While a CBDC built on an open, permissionless system would …
Persistent link: https://www.econbiz.de/10014558483
This study re-investigates the money supply determination process for Japan. The methodology of this study, which … differs from previous studies, is constructed on the assumption of potential nonlinear (asymmetric) relations between money … supply and monetary base via money multiplier. To this aim, the nonlinear autoregressive distributed lag (ARDL) model by Shin …
Persistent link: https://www.econbiz.de/10014558518
The financial system of Serbia is highly bank-centric and euroised, which is a common specific feature of financial systems in developing countries. High level of euroisation represents an adequate environment for the development of emphasized interaction of foreign exchange and credit risks;...
Persistent link: https://www.econbiz.de/10012217832
aggregates assuming for perfect substitution among the components of the money supply is blamed for such a failure of money in … important to provide an alternative measure of the money supply. Hereby, the Divisia monetary aggregates which give different … monetary policy makes any difference compared to that of traditional simple sum money supply. Under different specifications …
Persistent link: https://www.econbiz.de/10012217875
The central bank of Lebanon adopted exchange rate targeting in 1994 and it has exploited several instruments (particularly interest rate) since then to stimulate foreign financial inflows. This study aims at testing the impact of this strategy on economic performance and welfare in both the...
Persistent link: https://www.econbiz.de/10012217914
The effect of bank heterogeneity on the transmission of monetary policy is capturing an increasing attention, and the debate on how bank specific characteristics may determine their reaction to monetary actions is mounting. This paper participates in this flow of research by studying the...
Persistent link: https://www.econbiz.de/10012217931