We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a …' cash holdings, the volume of transactions and the size of the shadow economy irrespective of country size for all euro area … panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and …

We analyze the net issues of the national euro area central banks in relation to the dynamics of the shadow economy … within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro … banknotes and take due account of other determinants of cash demand. We find a significant and positive relationship between the …

We analyze the net issues of the national euro area central banks in relation to the dynamics of the shadow economy … within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro … banknotes and take due account of other determinants of cash demand. We find a significant and positive relationship between the …

-time experiment shows that real M1 can improve output gap estimates for euro area data. For many periods the cyclical component of …

In this paper, different Divisia monetary aggregates for the euro area are constructed over the period from 1980 to … should have an important role in the conduct of monetary policy in the euro area. … es erhebliche Kontrollfehler. Zusammenfassend unterstützt die Studie die Auffassung, dass die Geldmenge eine wichtige …

nominal money and the price level in the euro area are integrated of order two. This is confirmed by applying tests on double … ; Double unit roots ; I(2) model ; euro area money demand …

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro … coins and banknotes. The monetary overhang and the real money gap do not indicate significant inflation pressures. The …

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro … coins and banknotes. The monetary overhang and the real money gap do not indicate significant inflation pressures. The …

nominal money and the price level in the euro area are integrated of order two. This is confirmed by applying tests on double …