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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
The use of cashless payment instruments has been on an increase over many years now. At the same time, demand for cash … times. The increase in demand for cash known as the "banknote paradox" is a phenomenon observed in many economies. It … results from the existence of two streams of demand for cash - transactional and precautionary, and the differences in the …
Persistent link: https://www.econbiz.de/10014316654
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The cost of using cash and checks in Uruguay
Álvez, Marcelo; Lluberas, Rodrigo; Ponce, Jorge - In: Journal of central banking theory and practice 9 (2020) 2, pp. 109-129
reduce transaction costs by (partially) replacing less efficient means of payment, e.g. paper-cash and checks. In this paper … we find that the cost of using cash in Uruguay is approximately 0.61% of GDP. Interestingly, 98.1% of this cost is borne … GDP. Overall, replacing paper-cash and checks by other (electronic) means of payment would imply a transaction cost …
Persistent link: https://www.econbiz.de/10012305828
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Central bank digital currency : scenarios of implementation and potential consequences for monetary system
Kaczmarek, Patryk - In: Journal of central banking theory and practice 11 (2022) 3, pp. 137-154
cash in total payments is systematically decreasing, which poses the risk of being supplanted by other instruments … cash. The purpose of this paper is to examine the abovementioned issues and indication of potential scenarios for the …
Persistent link: https://www.econbiz.de/10013407508
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The Green Central Bank Index
Koshel, Natalia; Thanassoulis, John - In: Journal of central banking theory and practice 13 (2024) 2, pp. 5-39
Climate change is one of the biggest risks to the global financial system and to the economies of perhaps every nation upon this planet. Central banks could play a prominent role in protecting us from this economic upheaval. This paper develops an objective Green Central Bank Index. The index is...
Persistent link: https://www.econbiz.de/10014581552
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The quantity theory of money, quantitative easing and the missing inflation phenomenon
Moosa, Imad A.; Al-Saad, Khalid; Khatatbeh, Ibrahim N. - In: Journal of central banking theory and practice 13 (2024) 2, pp. 71-88
Several explanations have been put forward for the observation that massive inflation has not appeared as a result of the explosive monetary growth generated by quantitative easing that was in 2008. Several plausible explanations have been put forward for this observation, but none of them can...
Persistent link: https://www.econbiz.de/10014581554
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Analysis of the transparency index of the Central Banks of the Western Balkan countries
Gojčaj, Vera - In: Journal of central banking theory and practice 13 (2024) 2, pp. 109-128
Transparency in the work of central banks has become one of the key features of monetary policy. Because of this, many economists have diverted to finding the most suitable way to measure it. Although a unique method of measurement has yet to be achieved, there are various studies in the...
Persistent link: https://www.econbiz.de/10014581558
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Liquid asset holdings and banking profitability : evidence from South Asia
Khalil Ullah Mohammad; Khan, Mohsin Raza - In: Journal of central banking theory and practice 13 (2024) 2, pp. 129-152
Ensuring liquidity is critical for the functioning of banks. This study investigates the functional form of bank profitability and liquid asset holdings. We test for an inverted Kuznets curve-shaped quadratic polynomial relationship using generalized least square regression on an unbalanced...
Persistent link: https://www.econbiz.de/10014581559
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Non-Ricardian borrowers and mortgage type : implications for monetary policy leaning against the wind
Pietrzak, Marcin - In: Journal of central banking theory and practice 13 (2024) 2, pp. 153-185
Leaning against the wind of credit booms is a monetary policy that is tighter than what is consistent with standard inflation targeting. This way the central bank tries to address excessive household debt. While the merits of such policy have been analysed, I argue that there are two dimensions...
Persistent link: https://www.econbiz.de/10014581561
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Relationship between internet banking service quality, e-customer satisfaction, and loyalty : a comparative study of India and Pakistan
Patel, Ritesh Jayantibhai; Mishra, Anand Kumar; … - In: Journal of central banking theory and practice 13 (2024) 2, pp. 213-228
The objective of this study is to examine the structural relationship between e-service quality, e-satisfaction, and e-loyalty for both Pakistani and Indian Banks. The study was conducted on 800 respondents who were users of internet banking services. The independent variables were 1)...
Persistent link: https://www.econbiz.de/10014581569
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Toward a new comparative public law of central bank legislation : designing legislative mandates for central bank private securities assets purchases and nominal GDP targeting
Michael, Bryane; Osaulenko, Svitlana - In: Journal of central banking theory and practice 10 (2021) 1, pp. 5-38
What role could unconventional monetary policy - and particularly unconventional policies like private asset purchases under a quantitative easing or lender of last resort scheme - play in influencing economic growth directly? A wide literature in economics explores the pros and cons of using...
Persistent link: https://www.econbiz.de/10012548924