We estimate the demand for transaction and non-transaction cash balances in Canada, Denmark, Iceland, Sweden and Norway … over the last decades using the seasonal method. These countries share many features that are relevant for cash demand, but … nevertheless show large differences in terms of aggregate cash balances. While Canada, Iceland and Denmark have seen increased …

, Germany and the Netherlands, we test the assumption that cash is still the most efficient payment instrument, and the idea …Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper … develops a simulation model to test whether standard implications of the theory on cash management and payment choices can …

, Germany and the Netherlands, we test the assumption that cash is still the most efficient payment instrument, and the idea …Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper … develops a simulation model to test whether standard implications of the theory on cash management and payment choices can …

, Germany and the Netherlands, we test the assumption that cash is still the most efficient payment instrument, and the idea …Despite various payment innovations, today, cash is still heavily used to pay for lowvalue purchases. This paper … develops a simulation model to test whether standard implications of the theory on cash management and payment choices can …

, Germany and the Netherlands, we test the assumption that cash is still the most efficient payment instrument, and the idea …Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper … develops a simulation model to test whether standard implications of the theory on cash management and payment choices can …

to understand the high shares of low-value cash payments in Canada, France and Germany. Yet, they do not perform as well …Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper … proposes a simulation model based on two optimal cash management and payment policies in the payments economics literature to …

European money. Clearly distinguishing between coins and currency, the Euro coins and banknotes are not taken for economic …The present analysis of the Euro looks for the marks that function systems make on what we commonly take for the … function system references on these storage devices shows that the economy has left fewer marks on the Euro than politics, art …

. The model captures the most salient features of Austria as a small open economy, the Euro Area (EA) and the United States …