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Cash usage at the point-of-sale decreased perceptibly in the past years. This is mainly due to the ongoing trend … government regulations and supply-side restrictions by commercial banks. Nonetheless, overall demand for euro cash remained … issue of a Central Bank Digital Currency as a substitute or complement to cash. Although the characteristics of a possible …
Persistent link: https://www.econbiz.de/10013399889
(CBDC) in the euro area and proposes a possible design of a digital euro that allows for instant offline payments. Cash …The present paper provides an overview on current developments of cash usage and issue of central bank digital currency … regulations and supply-side restrictions by commercial banks. Nonetheless, overall demand for euro cash remained strong and even …
Persistent link: https://www.econbiz.de/10014518599
remarks on the importance of money for the economy in general, special attention is paid to the unique characteristics of cash …In this paper, we focus on the stabilizing role of cash from a society-wide perspective. Starting with conceptual … cash can help to avoid such a situation. We find interesting similarities to both crises in two separate case studies, one …
Persistent link: https://www.econbiz.de/10013266037
Persistent link: https://www.econbiz.de/10011944433
rise of cryptoassets and a decline in the use of cash, should digital payments be left entirely to the private sector or …
Persistent link: https://www.econbiz.de/10011967273
This paper sheds new light on the information content of monetary and credit aggregates for future price developments in the euro area. Overall, we find strong variation in the information content of these variables over time. We show that monetary and credit aggregates are very often selected...
Persistent link: https://www.econbiz.de/10011637074
There is much in our increasingly digitized economies to suggest that the use of cash should fall. However, in almost … developing countries and an extensive set of possible explanatory variables to estimate panel regressions for cash demand. In … new finding is that our estimations point to a negative relationship between cash and corruption, and between cash and …
Persistent link: https://www.econbiz.de/10012263787
The properties of money commonly referenced in the economics literature were originally identified by Jevons (1876) and … Menger (1892) in the late 1800s and were intended to describe physical currencies, such as commodity money, metallic coins … quantum money. These forms of money have novel properties that have not been studied extensively within the economics …
Persistent link: https://www.econbiz.de/10012660126
John Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and … requires an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …. Kregel ; Chartalist ; Modern Money Theory ; State Money ; Credit Money ; Default …
Persistent link: https://www.econbiz.de/10009523597
The use of cashless payment instruments has been on an increase over many years now. At the same time, demand for cash … has been on the rise as well and we can observe a particularly high level of growth demand for banknotes during crisis … times. The increase in demand for cash known as the "banknote paradox" is a phenomenon observed in many economies. It …
Persistent link: https://www.econbiz.de/10014316654