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Demand for cash and its determinants: A post-crisis approach
Skibińska-Fabrowska, Ilona - In: Journal of Central Banking Theory and Practice 12 (2023) 2, pp. 103-131
directions of their changes from the point of view of the central bank and other entities involved in cash transactions, since it …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 …
Persistent link: https://www.econbiz.de/10014558468
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DLT options for CBDC
Guo, Sky; Kreitem, Joseph; Moser, Thomas - In: Journal of Central Banking Theory and Practice 13 (2024) 1, pp. 57-88
This paper provides an overview of the distributed ledger technology (DLT) options available to central banks for issuing central bank digital currency (CBDC). We discuss the main requirements that a DLT solution must fulfill and analyze the various structures for implementation offered by DLT -...
Persistent link: https://www.econbiz.de/10014558483
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Money supply determination process for Japan
Ongan, Serdar; Gocer, Ismet - In: Journal of Central Banking Theory and Practice 12 (2023) 1, pp. 249-261
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...
Persistent link: https://www.econbiz.de/10014558518
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The Interaction Between FX and Credit Risk as an Example of Intersection of Monetary and Financial Stability Policy Goals – The Case of Serbia
Jović, Željko - In: Journal of Central Banking Theory and Practice 5 (2016) 2, pp. 133-155
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
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Divisia and Simple Sum Monetary Aggregates: Any Empirical Relevance for Turkey?
Polat, Umurcan - In: Journal of Central Banking Theory and Practice 7 (2018) 1, pp. 175-206
In consideration of channels through which monetary policy affects economic activity, the monetary aggregates have been mostly ignored by the monetary authorities instead of which short-run interest rates have been given a priori role. These monetary aggregates are largely argued to fail in...
Persistent link: https://www.econbiz.de/10012217875
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Monetary Policy and Economic Growth in Lebanon
Awdeh, Ali - In: Journal of Central Banking Theory and Practice 8 (2019) 2, pp. 147-171
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
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The Effect of Bank Heterogeneity on the Interest Rate Channel in Lebanon
Awdeh, Ali; Jomaa, Zouhour; Kassem, Mohamad - In: Journal of Central Banking Theory and Practice 9 (2020) 1, pp. 81-95
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
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Essay on Monetary Policy and Economic Growth
Dimitrijević, Bojan; Lovre, Ivan - In: Journal of Central Banking Theory and Practice 1 (2013) 3, pp. 111-138
The global economic crisis has led to the global reduction in credit activity, a fall of domestic product as well as the level of foreign direct investments, and has imposed the sources of economic growth as one of the key problems. Therefore, the objective of this paper is the monetary policy...
Persistent link: https://www.econbiz.de/10010687453
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Essay on Monetary Policy and Economic Growth
Dimitrijević, Bojan; Lovre, Ivan - In: Journal of Central Banking Theory and Practice 2 (2013) 1, pp. 111-138
The global economic crisis has led to the global reduction in credit activity, a fall of domestic product as well as the level of foreign direct investments, and has imposed the sources of economic growth as one of the key problems. Therefore, the objective of this paper is the monetary policy...
Persistent link: https://www.econbiz.de/10010718700
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Monetary Targeting
Krušković, Borivoje D.; Maričić, Tina - In: Journal of Central Banking Theory and Practice 4 (2015) 3, pp. 137-146
In this paper we test the existence of long-term relationship between money supply and inflation, money supply and GDP and money supply and unemployment. Three independent panel cointegration regressions are evaluated where money supply is the explanatory variable, while inflation, GDP and...
Persistent link: https://www.econbiz.de/10012217816