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Card versus cash: empirical evidence of the impact of payment card interchange fees on end users’ choice of payment methods
Ardizzi, Guerino - Volkswirtschaftliche Fakultät, … - 2013
charged to the merchants, who may be reluctant to accept cards and induce the cardholder to withdraw cash. In this paper, we … empirically verify for the first time the effect of the interchange fee on the decision to withdraw cash and compare it with that … there is a positive correlation between the cash usage and the level of the interchange fees. Accordingly, regulation of the …
Persistent link: https://www.econbiz.de/10011259691
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Friedman and Divisia Monetary Measures
william, barnett - Volkswirtschaftliche Fakultät, … - 2013
This paper explores the relationship between Milton Friedman’s work and the work on Divisia monetary aggregation, originated by William A. Barnett. The paradoxes associated with Milton Friedman’s work are largely resolved by replacing the official simple-sum monetary aggregates with monetary...
Persistent link: https://www.econbiz.de/10011260064
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The demand for money in developing countries: Assessing the role of financial innovation
Reinhart, Carmen; Arrau, Patricio; DeGregorio, Jose; … - Volkswirtschaftliche Fakultät, … - 1991
Traditional specifications of money demand have been commonly plagU4:!d by persistent overprediction, implausible parameter estimates, and highly autocorrelated errors. This paper argues that some of those problems stem from the failure to account for the impact of financial innovation. We...
Persistent link: https://www.econbiz.de/10005836185
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Determinants of Money Demand in Pakistan: Disaggregated Expenditure Approach
Abdullah, Muhammad; Chani, Muhammad Irfan; Ali, Amjad - Volkswirtschaftliche Fakultät, … - 2012
The main focus of the study is to find the determinants of money demand in Pakistan. We used disaggregated expenditures approach in this regard. To find the co-integration among the variables of the model, Johansen co-integration approach is utilized. The results of the study show that the...
Persistent link: https://www.econbiz.de/10011111435
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Monetarism
Juravle, Daniel - Volkswirtschaftliche Fakultät, … - 2011
The monetarism, as I have tried to outline in this work is based on the ideas of the American professor Milton Friedman, who tried to revitalize and reconfigure the old quantity theory of money. These ideas were transposed and discussed by authors like Ion Pohoață, Tiberiu Brăilean or Al....
Persistent link: https://www.econbiz.de/10009325676
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The Economics of Private Digital Currency
Dwyer, Gerald P - Volkswirtschaftliche Fakultät, … - 2014
Recent innovations have made it feasible to transfer private digital currency without the intervention of an institution. A digital currency must prevent users from spending their balances more than once, which is easier said than done with purely digital currencies. Current digital currencies...
Persistent link: https://www.econbiz.de/10011108213
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The Solution is Full Reserve / 100% Reserve Banking.
Musgrave, Ralph S. - Volkswirtschaftliche Fakultät, … - 2014
Section 1 of this work argues the case for full reserve banking. Section 2 explains the flaws in a large number of arguments put AGAINST full reserve, and section 3 explains the flaws in a few arguments put IN FAVOUR of full reserve.
Persistent link: https://www.econbiz.de/10011110036
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Not all international monetary shocks are alike for the Japanese economy
Vespignani, Joaquin L.; Ratti, Ronald A. - Volkswirtschaftliche Fakultät, … - 2013
It is found that over 1999:1-2012:12 China’s monetary expansion influences Japan through the effect of China’s growth on world commodity prices, increased demand for imports, and exchange rate policy. China’s monetary expansion is associated with significant increases in Japan’s...
Persistent link: https://www.econbiz.de/10011260947
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The Impact of Interest Rate on Bank Deposits Evidence from the Nigerian Banking Sector
Ojeaga, Paul; Ojeaga, Daniel; Odejimi, Deborah O. - Volkswirtschaftliche Fakultät, … - 2013
The study investigates the effect of interest rates on customer savings behavior in the Nigerian banking sector, after identifying a host of factors that are likely to influence customer confidence in commercial banks such as average income, commercial lending, legal rights strength, central...
Persistent link: https://www.econbiz.de/10011109246
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Excess reserves, interbank markets and domestic money market intervention
Willmott, Bryony - Volkswirtschaftliche Fakultät, … - 2014
This paper considers whether relationships exist between the daily weighted average 7-day interbank rate, the change in the daily 7-day interbank rate, the daily level of commercial banks excess reserves and the change in the daily level of excess reserves, which may guide domestic money market...
Persistent link: https://www.econbiz.de/10011111546