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Cash use in most countries is falling slowly. On the margin, younger adults favor cash substitutes over cash. For older … the demand for cash and why it is falling. Cash use may continue to fall, and card use (the main cash substitute) may fall …
Persistent link: https://www.econbiz.de/10013295132
A battery of stationary and cointegration tests is applied to the money velocity series for M1, M2, and term deposits of the private sector in Costa Rica. The aim of the test is to verify whether stable or stationary behavior exists, in which case the quantitative theory would allow to make...
Persistent link: https://www.econbiz.de/10014067492
The aim of this paper is to analyse the demand of a central bank digital currency (CBDC). Using a financial portfolio approach and assuming that individual preferences and policy votes are consistent, we identify the drivers of the political consensus in favour or against such as new currency....
Persistent link: https://www.econbiz.de/10012921960
There is much in our increasingly digitized economies to suggest that the use of cash should fall. However, in almost … developing countries and an extensive set of possible explanatory variables to estimate panel regressions for cash demand. In … new finding is that our estimations point to a negative relationship between cash and corruption, and between cash and …
Persistent link: https://www.econbiz.de/10012263787
Persistent link: https://www.econbiz.de/10011944433
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …
Persistent link: https://www.econbiz.de/10011384244
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …
Persistent link: https://www.econbiz.de/10011518893
states: Ireland, an EU member state that belongs to the Euro-system, and Croatia, an EU membership candidate. Although they …
Persistent link: https://www.econbiz.de/10012772128
Over millennia, mankind has used hard cash in various forms ranging from shells to gold coins and paper. More recently …"Introduction - Cash on Trial, findings from a conference jointly organized by SUERF, University of Zurich and …, cash has become unpopular in political circles, as it effectively restricts states’ power to tax (explicitly or via …
Persistent link: https://www.econbiz.de/10011548098
The advent of stablecoins offers new and innovative ways to improve financial inclusion, reduce transaction costs, and increase the efficiency of the global financial system. The following paper explores the assets and process necessary for creating a central bank digital currency (CBDC) on the...
Persistent link: https://www.econbiz.de/10012844202