Showing 1 - 10 of 3,494
We analyze the repercussions of different kinds of uncertainty on cash demand, including uncertainty of cashless … on a comprehensive literature survey and complemented by case studies, we derive a classification scheme how cash … domestic and international cash as well as between transaction and store of value balances. Hereby, we focus on the stabilizing …
Persistent link: https://www.econbiz.de/10015078272
currency or an international central bank. This paper focuses on Hayek’s overall philosophy on international money mechanism … bank and his concerned over unstable arrangements in money mechanism,which, he believes, profoundly affects economic and …
Persistent link: https://www.econbiz.de/10011260508
the demand for money. Exogeneous or endogenous money supply? The different positions taken in the literature on the …
Persistent link: https://www.econbiz.de/10011112523
ABSTRACTThis paper considers the question: - In face of changes in the demand for money resulting from an increase in … for a normative conclusion about the convenience of a monetary regime with a State monopoly of the money supply, forced … legal tender and central bank versus the alternative of competitive money supply.RESUMEN¿ANTE LOS CAMBIOS EN LA DEMANDA DEL …
Persistent link: https://www.econbiz.de/10008788586
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
distinctions between the different types of money and financial institutions. The models emphasize the physical properties of the … economic goods, moneys, and trading systems. Part 1 of the paper covers models in which the money is a consumable storable; the … economies in Part 2 use durable money, fiat money, or credit. Under this framework we are able to successfully contrast the role …
Persistent link: https://www.econbiz.de/10014072271
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
central bank digital currencies – proposing a novel specification of the demand for money. In this specification, the medium …
Persistent link: https://www.econbiz.de/10012907412
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/10013162039
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