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transmitted by banknotes and coins is very low. This supports the findings from the scientific community concluding that SARS … account of the change in the circulation of euro banknotes and the use of cash in transactions during the pandemic; and (2) to … assess the survivability of the virus on cash and the potential transmission risks. The pandemic has caused a significant …
Persistent link: https://www.econbiz.de/10012602351
transmitted by banknotes and coins is very low. This supports the findings from the scientific community concluding that SARS … account of the change in the circulation of euro banknotes and the use of cash in transactions during the pandemic; and (2) to … assess the survivability of the virus on cash and the potential transmission risks. The pandemic has caused a significant …
Persistent link: https://www.econbiz.de/10013217793
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/10010209428
banknotes and take due account of other determinants of cash demand. We find a significant and positive relationship between the …
Persistent link: https://www.econbiz.de/10011872942
Cash usage at the point-of-sale decreased perceptibly in the past years. This is mainly due to the ongoing trend towards digitalization, but there are also indications that consumers were somewhat pushed into cashless payments by government regulations and supply-side restrictions by commercial...
Persistent link: https://www.econbiz.de/10013399889
The present paper provides an overview on current developments of cash usage and issue of central bank digital currency (CBDC) in the euro area and proposes a possible design of a digital euro that allows for instant offline payments. Cash usage at the point-of-sale decreased perceptibly in the...
Persistent link: https://www.econbiz.de/10014518599
transactions is decreasing in the euro area – a phenomenon known as the paradox of banknotes – the members of the Overseas … workstream of the Eurosystem Research Network on Cash (EURECA) have conducted a study on the foreign demand for euro banknotes …
Persistent link: https://www.econbiz.de/10012424342
According to estimates using the seasonal method, the volume of euro coins held for transaction purposes in Germany in … Bundesbank) euro coins in circulation. 76% of the total volume of coins held for transaction purposes was accounted for by €1 and … €2 coins. Only in the case of €2 coins has the cash stock held for transaction purposes made a significant contribution …
Persistent link: https://www.econbiz.de/10010429759
Euro coins have a common European side and an individual national side. Thanks to coin migration, coins bearing a … panoply of national sides are in circulation throughout the euro area. In this paper, we model the mixing of coins circulating … that, for the coin denominations €2, €1, 50 cent and 20 cent roughly the same quantity of euro coins migrate from Germany …
Persistent link: https://www.econbiz.de/10012272025
In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows that the current financial and economic crisis that started in 2007 does not appear to have any noticeable impact on the stability of the euro area money demand function. We also...
Persistent link: https://www.econbiz.de/10003939738