In this paper, we analyze the volume of euro banknotes issued by Germany within the euro area with several seasonal … transactions in Germany. The rest is hoarded (10%), circulates in other euro area countries (25%) or is held outside the euro area …

. Due to the inadequate data availability, the cash balance held for domestic transactions by sector cannot be fully … €2 coins. Only in the case of €2 coins has the cash stock held for transaction purposes made a significant contribution … method of determining the demand for this denomination. Given the overall weakness in the growth of the cash held for …

transactions is decreasing in the euro area – a phenomenon known as the paradox of banknotes – the members of the Overseas … workstream of the Eurosystem Research Network on Cash (EURECA) have conducted a study on the foreign demand for euro banknotes …In order to understand why there is a continuous increase in euro banknote circulation even though the use of cash for …

In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside … Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in … surveys (direct approaches). The observation period runs from 2002 to 2009. We discover that German euro banknotes to a total …

In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside … Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in … circulation in other euro-area countries. The analysis is based on approaches that estimate the volume of banknotes in circulation …

In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside … Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in … circulation in other euro-area countries. The analysis is based on approaches that estimate the volume of banknotes in circulation …

In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside … Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in … surveys (direct approaches). The observation period runs from 2002 to 2009. We discover that German euro banknotes to a total …

In this paper, we analyse the volume of euro banknotes issued by Germany within the euro area with several seasonal … transactions in Germany. The rest is hoarded (10%), circulates in other euro area countries (25%) or is held outside the euro area …

In this paper, we analyze the volume of euro banknotes issued by Germany within the euro area with several seasonal … transactions in Germany. The rest is hoarded (10%), circulates in other euro area countries (25%) or is held outside the euro area …

In this paper, we analyze the volume of euro banknotes issued by Germany within the euro area with several seasonal … transactions in Germany. The rest is hoarded (10%), circulates in other euro area countries (25%) or is held outside the euro area …