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handling potentially contaminated cash. This paper is the first empirical attempt in the literature to investigate whether the … risk of infectious diseases affects demand for physical cash. Since the intensity of cash use may influence the spread of … lowers demand for physical cash, after controlling for macroeconomic, financial, and technological factors. While the …
Persistent link: https://www.econbiz.de/10013252023
This paper uses neoclassical demand theory to calculate the welfare costs of inflation. It considers the demand interactions between money, consumption goods, and leisure, relaxes the assumption of fixed consumer preferences, and addresses the inter-related problems of estimation of money demand...
Persistent link: https://www.econbiz.de/10014256364
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
In this paper, we analyze theoretically the coexistence of two means of payment, such as cash and digital or electronic … payments, introducing some distortions in the payments markets to understand the widespread use of cash, specially in emerging … affecting cash usage and competition with a private digital payment platform. Considering heterogeneity in the seller's side by …
Persistent link: https://www.econbiz.de/10013349355
We propose a tractable model of the demand for reserves under nonlinear remuneration schemes that can encompass quota systems and voluntary reserve target frameworks, among other possibilities. We show how such remuneration schemes have several favorable properties regarding interest-rate...
Persistent link: https://www.econbiz.de/10012977367
The present work estimates collected seigniorage levels in the Venezuelan economy from 1994Q1 to 2018Q2 and tries to determine when and if a seigniorage-maximizing inflation rate occurred and this way provide a rational on the development of hyperinflation in the country. Results suggest that...
Persistent link: https://www.econbiz.de/10012906561
Europe is still suffering from the turmoil created by the Great Financial Crisis. Finding solutions to the danger of new financial crises is an important criterion for a stable European Union. Proponents of the Sovereign Money System (SMS) identify the ability of private banks to create money as...
Persistent link: https://www.econbiz.de/10011808854
This paper analyzes the relationship between cash and tax evasion by studying the effects of two measures to fight … evasion: accessing taxpayers’ banking data to check the consistency with reported income and discouraging the use of cash with … thresholds on payments. We show that variation in cash holdings triggered by these policies can be substantial, about 1.5% of the …
Persistent link: https://www.econbiz.de/10013214405
The previous literature on dollarization processes has two basic problems. First is the poor empirical methods of measurement, and second is the lack of a clear definition of the phenomenon under study. Several methodological problems have not been successfully addressed. Foreign currency...
Persistent link: https://www.econbiz.de/10014068081