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The purpose of this thesis is to argue that the core of a monetary economy is a network of triangular contracts between banks, firms, workers and capital goods suppliers. Not only does this network give rise to the creation and valuation of money but it is the organising feature of modern...
Persistent link: https://www.econbiz.de/10009465939
We examine the relations between national cultures, the multinationality of the firm and its holdings of cash. We … cultural factors as well as the degree of multinationality of firms influence their decisions to hold cash. In particular …, firms in countries with high uncertainty avoidance, as a national culture, hold more cash as a way to hedge against …
Persistent link: https://www.econbiz.de/10009476904
This paper investigates the hypotheses that the recently established Mexican stock index futures market effectively serves the price discovery function, and that the introduction of futures trading has provoked volatility in the underlying spot market. We test both hypotheses simultaneously with...
Persistent link: https://www.econbiz.de/10009448857
Cash, as a means of money, is a mandatory component of the accounting system because accounting can only work with … view of cash classification, depending on the presentation, we identify the letter of credit, known as a financial …
Persistent link: https://www.econbiz.de/10012629823
physical point of sale, online and person-to-person. Takeaways •In 2022, cash is the most commonly used payment method in Spain … the use of cash is primarily driven by two factors. First, the growth in online purchases, which limits the opportunity to … pay in cash and, second, a shift in consumers’ payment habits, with an increase in the use of digital payment methods in …
Persistent link: https://www.econbiz.de/10013494488
canales alternativos a las oficinas bancarias (agentes financieros, ofibuses, cashback y Correos Cash) es aún minoritaria …
Persistent link: https://www.econbiz.de/10014459851
canales alternativos a las oficinas bancarias (agentes financieros, ofibuses, cashback y Correos Cash) es aún minoritaria …
Persistent link: https://www.econbiz.de/10014464721
Organizado por: Global Currency Forum ; An overview of the role of cash in a changing society and the current … the onset of the pandemic. We noticed an increase of demand for cash as store of value and a decrease demand for … resilience to address supply and demand shocks such as the one brought about by the health crisis. Cash remains a key means of …
Persistent link: https://www.econbiz.de/10014568994
The Cash Budget is a predictive financial statement that allows the study and analysis of the effects of other budgets … prepared by an economic entity on cash, helping to ensure their consistency. In this research paper the understanding of the … Cash Budget concept is the first issue to be addressed. Here are described the steps needed to prepare it, highlighting the …
Persistent link: https://www.econbiz.de/10011861328
We focus on the management of highly persistent shocks to aid flows, including HIPC or MDG-related increases in net flows, in the presence of currency substitution by the domestic private sector. Such shocks have beneficent long-run effects, but when currency substitution is high they can...
Persistent link: https://www.econbiz.de/10009441501