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Proposals for monetary reform : a critical assessment using the general quantity equation by Wolfgang Stützel
Tarne, Ruben - 2018
endogenous money theory to be more precise in that regard. …
Persistent link: https://www.econbiz.de/10011808854
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Cash in circulation and the shadow economy : an empirical investigation for Euro area countries and beyond
Seitz, Franz; Reimers, Hans-Eggert; Schneider, Friedrich - 2018
within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro …
Persistent link: https://www.econbiz.de/10011872942
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What explains the growing global demand for cash?
Shirai, Sayuri; Sugandi, Eric Alexander - 2019
Demand for cash is generally known to be influenced by several factors−including transaction motive used for payment, opportunity cost, precautionary motive (such as crisis period), and other motives (such as aging and demand from abroad). In recent years, cashless payment methods have...
Persistent link: https://www.econbiz.de/10012101636
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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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Does low inflation pose a risk to economic growth and central banks reputation?
Dąbrowski, Marek - 2020
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …
Persistent link: https://www.econbiz.de/10012230450
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Cash Use Across Countries and the Demand for Central Bank Digital Currency
Khiaonarong, Tanai - 2019
The level and trend in cash use in a country will influence the demand for central bank digital currency (CBDC). While access to digital currency will be more convenient than traveling to an ATM, it only makes CBDC like a bank debit card-not better. Demand for digital currency will thus be weak...
Persistent link: https://www.econbiz.de/10012889147
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Designing New Money - The Policy Trilemma of Central Bank Digital Currency
Bjerg, Ole - 2017
The prospect of central banks issuing digital currency (CBDC) immediately raises the question of how this new form of money should co-exist and interact with existing forms of money. This paper evaluates three different scenarios for the implementation of CBDC in terms of their monetary policy...
Persistent link: https://www.econbiz.de/10012954346
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Croatian Monetary Strategy in the Conditions of Globalization
Matic, Branko - 2008
The author starts from the assumption that Croatia will access the European Union. Following this assumption, he analyzes the possible scenarios of Croatian monetary strategy based on the achievements of the country's monetary policy, on the degree of acceptance of the convergence criteria and...
Persistent link: https://www.econbiz.de/10012772105
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Monetary Policy Implementation : Misconceptions and Their Consequences
Disyatat, Piti - 2013
Despite constituting the very heart of the monetary transmission mechanism, widespread misconceptions still exist regarding how monetary policy is implemented. This paper highlights the key misconceptions in this regard and shows how they have compromised the understanding of important aspects...
Persistent link: https://www.econbiz.de/10012710838
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Breaking the Gilt Standard - The Problem of Parity in Kumhof and Noone's Design Principles for Central Bank Digital Currencies
Bjerg, Ole - 2018
rate on reserves as a separate policy tool to guide the risk-free interest rate in the economy as reserves carry the risk …
Persistent link: https://www.econbiz.de/10014112133