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paper we gather indirect evidence on the behavior of prices from the analysis of cash withdrawals from ATM and their …
Persistent link: https://www.econbiz.de/10005609383
charged to the merchants, who may be reluctant to accept cards and induce the cardholder to withdraw cash. In this paper, we … empirically verify for the first time the effect of the interchange fee on the decision to withdraw cash and compare it with that … there is a positive correlation between the cash usage and the level of the interchange fees. Accordingly, regulation of the …
Persistent link: https://www.econbiz.de/10011259691
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 …
Persistent link: https://www.econbiz.de/10009323140
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 …
Persistent link: https://www.econbiz.de/10009323141
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 …
Persistent link: https://www.econbiz.de/10009323142
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 …
Persistent link: https://www.econbiz.de/10009323143
In this paper, we analyse the volume of euro banknotes issued by Germany within the euro area with several seasonal …
Persistent link: https://www.econbiz.de/10011040180
In this paper, we analyze the volume of Euro banknotes issued by Germany and circulating in other Euro area countries … as well as outside the Euro area with a banknotes’ age model. Our approach suggests that about 60% of banknotes, the …
Persistent link: https://www.econbiz.de/10011041658
In this paper, we analyze the volume of euro banknotes issued by Germany within the euro area with several seasonal …
Persistent link: https://www.econbiz.de/10010985202
Given the recurrence of the instability cycle and the higher probability of the economy to avoid falling into the liquidity trap if inflation is higher when a bubble bursts, then higher inflation is preferable. This paper suggests the monetary policy objective can be enhanced by shifting it from...
Persistent link: https://www.econbiz.de/10010965576