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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 …
Persistent link: https://www.econbiz.de/10014332145
's international investment position would also loom. Appreciating Germany's own vulnerability to the euro crisis should help the … also good for the authorities in euro partner countries to recognize. Germany is bound to catch up with the reality that it …This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a …
Persistent link: https://www.econbiz.de/10013079914
In this paper we address the question on whether EMU has amplified or dampened intra euro area divergencies, by looking … at a time-varying VAR model of Italy's relative performance compared with the rest of the euro area, spanning from 1976 …
Persistent link: https://www.econbiz.de/10003969277
What shapes central banks' learning from the policy experiments of their peers? Both economic ideas and organizational interests play important roles. Thus, New Keynesian ideas led central banks to interpret Japan's experience with quantitative easing through the impact on risk spreads, although...
Persistent link: https://www.econbiz.de/10013089738
Eurozone equity markets reaction to policy rate shifts, conducted applying an event study methodology, we aim to assess whether … the ECB, with its conventional monetary policy manoeuvres, is able to wield a homogeneous effect across the main Eurozone … equity markets. The empirical analysis shows that generally policy rate shifts affect unevenly the Eurozone financial indexes …
Persistent link: https://www.econbiz.de/10012961775
Im Zuge der Corona-Pandemie hat der Einzelhandel den Einsatz von non-cash Einzelhandel vorangetrieben. Um eine Covid … große Unterschiede in der Verwendung von Bargeld und bargeldlosen Zahlungen. Im Beitrag wird empirisch der Frage … höheren „Uncertainty Avoidance“ setzen stärker auf non-cash. …
Persistent link: https://www.econbiz.de/10012990263
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. The model captures the most salient features of Austria as a small open economy, the Euro Area (EA) and the United States …
Persistent link: https://www.econbiz.de/10011373510