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Government and private e-money-like systems : Federal Reserve notes and national bank notes
Weber, Warren E. - 2015
The period from 1914 to 1935 in the United States is unique in that it was the only time that both privately-issued bank notes (national bank notes) and central bank-issued bank notes (Federal Reserve notes) were simultaneously in circulation. This paper describes some lessons relevant to...
Persistent link: https://www.econbiz.de/10011280047
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The efficiency of private e-money-like systems : the U.S. experience with state bank notes
Weber, Warren E. - 2014
In the United States prior to 1863 each bank issued its own distinct notes. E-money shares many of the characteristics of these bank notes. This paper describes some lessons relevant to e-money from the U.S. experience with state bank notes. It examines historical evidence on how well the bank...
Persistent link: https://www.econbiz.de/10010346236
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The efficiency of private e-money-like systems : the U.S. experience with national bank notes
Weber, Warren E. - 2015
Beginning in 1864, in the United States notes of national banks were the predominant medium of exchange. Each national bank issued its own notes. E-money shares many of the characteristics of these bank notes. This paper describes some lessons relevant to emoney from the U.S. experience with...
Persistent link: https://www.econbiz.de/10010469668
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Public money as a store of value, heterogeneous beliefs, and banks : implications of CBDC
Muñoz, Manuel A.; Soons, Oscar - 2023
The bulk of euro-denominated cash is held for store of value purposes, with such holdings sharply increasing in times … hold cash. In our model, the introduction of a central bank digital currency (CBDC) as a store of value that is superior to … cash leads to bank disintermediation as some depositors opt for switching to CBDC based on their beliefs. While CBDC …
Persistent link: https://www.econbiz.de/10014278624
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Demand for Currency Outside Banks (Cob) in Nigeria
Teriba, Ayo - 2006
This paper extends the empirical research strategy developed for modeling demand for M1 in Nigeria in Teriba (2006a) to one of its two sub-components, currency outside banks (COB). However, none of our findings for M1 stand up for COB. Specifically, the long run equilibrium relationship between...
Persistent link: https://www.econbiz.de/10014060209
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2022 Methods-of-Payment Survey report : cash use over 13 years
Henry, Christopher; Rusu, Doina; Shimoda, Matthew - 2024
-day shopping diary. We highlight long-term trends in cash holdings, management and use observed across results from previous …. We assess various factors associated with long-term trends in cash use. …
Persistent link: https://www.econbiz.de/10014464253
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2023 Methods-of-Payment Survey report : the resilience of cash
Henry, Christopher; Shimoda, Matthew; Rusu, Doina - 2024
-day shopping diary. Results show that measures of cash management and use have remained fairly stable since 2020, along with the … to cash from automated banking machines and banks. …
Persistent link: https://www.econbiz.de/10014577848
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Russian Banking System : Stability Factors in the Wake of 2008-2009 Crisis
Zubarev, Andrey - 2012
This paper discusses different approaches to theoretical and empirical models of bank defaults. Through constructed binary probabilistic models of defaults the paper reveals key factors which have an impact on the viability of Russian banks during the financial crisis of 2008 to 2009. Policy...
Persistent link: https://www.econbiz.de/10013096903
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Russian Banking Sector in February 2013
Khromov, Michael - 2013
In February 2013, after the January reduction, the growth of bank assets was resumed. Dynamics of loans remained rather moderate: the main growth of banks' assets was due to the increased inflow of foreign assets
Persistent link: https://www.econbiz.de/10013082649
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Russian Banking Sector in January 2013
Khromov, Michael - 2013
In January 2013, the Russian banking sector has entered a phase of a standstill, inherent to the first month of a year. The key indicators of credit activity and the dynamics of funds raised during the month have slowed down. In addition, the medium-term slowing-down trends were sustained in the...
Persistent link: https://www.econbiz.de/10013084764