Showing 1 - 10 of 202
Ökonometrische Studien weisen zunehmend auf Instabilitäten in der Geldnachfrage hin. Ein solcher Befund stellt die … einer Standardspezifikation der Geldnachfrage durchaus gerechtfertigt werden kann. Wesentlich für dieses Ergebnis ist die …
Persistent link: https://www.econbiz.de/10010377814
Empirical analyses of Cagan's money demand schedule for hyper-inflation have largely ignored the explosive nature of hyper-inflationary data. It is argued that this contributes to an (i) inability to model the data to the end of the hyper-inflation, and to (ii) discrepancies between 'estimated'...
Persistent link: https://www.econbiz.de/10010295318
have allowed estimation techniques for missing data in this survey to be placed on a stronger and more structured … detailed results for traded products. Furthermore, the new estimation techniques lay the basis for a future reduction of the …
Persistent link: https://www.econbiz.de/10015327897
A transactions model of the demand for multiple media of exchange is developed. Some results are expected, and others are both new and surprising. There are both extensive and intensive margins to currency substitution, and inflation may affect the two margins differently, leading to subtle...
Persistent link: https://www.econbiz.de/10010298619
Persistent link: https://www.econbiz.de/10010270976
sterilisierter Dollar-Geldnachfrage den Dollarkurs um einen halben Cent erhöht, auf den Eurokurs, so lassen sich damit 25 Cent der …
Persistent link: https://www.econbiz.de/10011691798
Geldnachfrage hin. Dieser Befund würde die monetäre Strategie der EZB, zumindest was die erste Säule betrifft, die wesentlich auf … Berücksichtigung der Infl ationsrate bei der Bewertung der Geldnachfrage. Es ist nicht zu erwarten, dass die aktuelle Geldversorgung zu …
Persistent link: https://www.econbiz.de/10011601664
Currency debasement, defined as a loss of precious metal content (intrinsic value) of the circulating penny currencies over time, was a common feature in the monetary history of Europe, c. 1400–1900. Over the centuries the loss rate was sustained; between 1400 and 1900 A. D. the (south) German...
Persistent link: https://www.econbiz.de/10014521702
We investigate if the Bank of England's liquidity facilities encourage some counterparties to participate more than others and if the use of some collateral assets is promoted more than others. Between 2010 and 2016, there was regular usage of two facilities: Indexed Long-Term Repos (ILTR) and...
Persistent link: https://www.econbiz.de/10014547724
This paper examines the effect of financial literacy level on cash holdings in Turkey. Utilizing the Methods of Payment Survey, which includes both financial literacy and cash-related data, we first investigate the fundamentals of financial literacy in Turkey. Based on the performance on...
Persistent link: https://www.econbiz.de/10014547801