Narrow search
Showing 1 - 10 of 829
Cover Image
Impact of South Africa’s Monetary Policy on the LNS Economies
Ikhide, Sylvanus; Uanguta, Ebson - In: Journal of Economic Integration 25 (2010), pp. 324-352
trade volume and cross-border financial transactions. However, one cost that has confronted the LNS economies in this …
Persistent link: https://www.econbiz.de/10009421189
Cover Image
A microfounded model of money demand under uncertainty, and its empirical validation using cointegration and rolling-window dynamic multiplier analysis
Größl-Gschwendtner, Ingrid; Tarassow, Artur - 2015
In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing risk-averse households. Deriving a complete solution of the optimization problem taking the intertemporal budget constraint into account leads to ambiguous effects w.r.t. to the...
Persistent link: https://www.econbiz.de/10011341022
Cover Image
A microfounded model of money demand under uncertainty, and some empirical evidence
Größl, Ingrid; Tarassow, Artur - 2018
In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing risk-averse households. Deriving a complete solution of the optimization problem taking the intertemporal budget constraint into account where linearization procedures in our...
Persistent link: https://www.econbiz.de/10011985267
Cover Image
A policy framework for e-money: A report on Bank of Canada Research
Davoodalhosseini, Mohammad; Rivadeneyra, Francisco - 2018
verification of transactions. This framework is intended to help evaluate the trade-offs that central banks face in the decision to …
Persistent link: https://www.econbiz.de/10012029818
Cover Image
The economics of central bank digital currency
Ahnert, Toni; Assenmacher-Wesche, Katrin; Hoffmann, Peter; … - 2022
This paper provides a structured overview of the burgeoning literature on the economics of CBDC. We document the economic forces that shape the rise of digital money and review motives for the issuance of CBDC. We then study the implications for the financial system and discuss of a number of...
Persistent link: https://www.econbiz.de/10014278554
Cover Image
A microfounded model of money demand under uncertainty, and its empirical validation using cointegration and rolling-window dynamic multiplier analysis
Größl, Ingrid; Tarassow, Artur - 2015
In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing risk-averse households. Deriving a complete solution of the optimization problem taking the intertemporal budget constraint into account leads to ambiguous effects w.r.t. to the...
Persistent link: https://www.econbiz.de/10010520781
Cover Image
A policy framework for e-money : a report on Bank of Canada Research
Davoodalhosseini, Seyed Mohammadreza; Rivadeneyra, Francisco - 2018
verification of transactions. This framework is intended to help evaluate the trade-offs that central banks face in the decision to …
Persistent link: https://www.econbiz.de/10011824436
Cover Image
A microfounded model of money demand under uncertainty, and some empirical evidence
Größl, Ingrid; Tarassow, Artur - 2018
In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing risk-averse households. Deriving a complete solution of the optimization problem taking the intertemporal budget constraint into account where linearization procedures in our...
Persistent link: https://www.econbiz.de/10011790638
Cover Image
The economics of central bank digital currency
Ahnert, Toni; Assenmacher-Wesche, Katrin; Hoffmann, Peter; … - 2022
This paper provides a structured overview of the burgeoning literature on the economics of CBDC. We document the economic forces that shape the rise of digital money and review motives for the issuance of CBDC. We then study the implications for the financial system and discuss of a number of...
Persistent link: https://www.econbiz.de/10013342232
Cover Image
Monetary policy implications of digital money
Berentsen, Aleksander - Volkswirtschaftliche Fakultät, … - 1997
The term digital money refers to various proposed electronic payment mechanisms designed to use by consumers to make retail payments. These mechanisms are based either on smart cards or on network money. Smart cards could potentially replace currency as the predominant means to pay for retail...
Persistent link: https://www.econbiz.de/10011109457