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Catch me (if you can) : assessing the risk of SARS-CoV-2 transmission via euro cash
Tamele, Barbora; Zamora-Pérez, Alejandro; Litardi, Chiara - 2021
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
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Cash demand in times of crises
Rösl, Gerhard; Seitz, Franz - 2021
In this paper, we focus on the role of different types of crises (technological crises, financial market crises, natural disasters) and their effects on the demand for cash in an international context. It becomes evident that over the past 30 years cash demand always increased in times of...
Persistent link: https://www.econbiz.de/10012692738
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Thinking beyond the pandemic : monetary policy challenges in the medium- to long-term
Dąbrowski, Marek - 2021
The economic characteristics of the COVID-19 crisis differ from those of previous crises. It is a combination of demand- and supply-side constraints which led to the formation of a monetary overhang that will be unfrozen once the pandemic ends. Monetary policy must take this effect into...
Persistent link: https://www.econbiz.de/10012592174
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The Covid-19 lesson from Sweden : don't lockdown
Andersson, Fredrik N. G.; Jonung, Lars - 2023
The coronavirus pandemic triggered strong political action across Europe. Mandatory restrictions to increase social distancing were imposed, commonly known as lockdowns. In some cases, entire countries were virtually locked down for several weeks at a time, contributing to a very severe downturn...
Persistent link: https://www.econbiz.de/10014390569
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COVID-19 Pandemic Increases the Divide between Cash and Cashless Payment Users in Europe
Kotkowski, Radoslaw; Polasik, Michal - 2021
This paper investigates the way in which the COVID-19 pandemic has changed an important aspect of everyday life, viz. how people make payments. The empirical study is based on a survey of over 5,000 respondents from 22 European countries. It shows that consumers who had been making cashless...
Persistent link: https://www.econbiz.de/10013220127
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Switching from Cash to Cashless Payments during the COVID-19 Pandemic and Beyond
Wisniewski, Tomasz Piotr; Polasik, Michal; Kotkowski, … - 2021
Using a survey of 5,504 respondents from 22 European countries, we examine preferences regarding cash and cashless payments at the point of sale (POS) during the COVID-19 crisis. Consumers favor cashless transactions when they believe that handling cash presents a higher risk of infection....
Persistent link: https://www.econbiz.de/10013244304
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New evidence on the effectiveness of "Quantitative Easing" in Japan
Voutsinas, Konstantinos; Werner, Richard A. - 2011
Central banks have recently introduced new policy initiatives, including a policy called "Quantitative Easing" (QE). Since it has been argued by the Bank of England that "Standard economic models are of limited use in these unusual circumstances, and the empirical evidence is extremely limited"...
Persistent link: https://www.econbiz.de/10009356669
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The lessons from QE and other "unconventional" monetary policies : evidence from the Bank of England
Lyonnet, Victor; Werner, Richard A. - 2011 - This Version: June 29, 2011
This paper investigates the effectiveness of the "quantitative easing" policy, as implemented by the Bank of England in March 2009. Similar policies had been previously implemented in Japan, the U.S. and the Eurozone. The effectiveness is measured by the impact of Bank of England policies...
Persistent link: https://www.econbiz.de/10009356677
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Central Bank Digital Currency in Brazil
Pinho de Mello, Joao Manoel; Kanczuk, Isabella - 2021
We calibrate to the Brazilian economy a model of means of payment choice, where households have different preferences over anonymity. Financial sector is monopolistically competitive and may break the link between borrowing and lending rates. A sufficiently attractive digital currency reduces...
Persistent link: https://www.econbiz.de/10013219812
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Maintaining Low Inflation : Money, Interest Rates, and Policy Stance
Reynard, Samuel - 2021
This paper presents a systematic empirical relationship between money and subsequent prices and output, using US, euro area and Swiss data since the 1960-70s. Monetary developments, unlike interest rate stance measures, are shown to provide qualitative and quantitative information on subsequent...
Persistent link: https://www.econbiz.de/10013317093