Showing 1 - 10 of 16,474
Flüchtendes Schwarzgeld sowie aus Osteuropa und der Türkei zurückdrängende DM-Bestände können den Kursverfall des Euro … Kapitalanleger. Es zeigt, dass der Wechselkurs nur von der Bestandsnachfrage nach Geld im engeren Sinne, also Ml oder M0, und nicht …. Euro aus Osteuropa, der Türkei und aus "schwarzen Taschen" an die Zentralbanken der elf Euro-Länder zurückgeflossen sein …
Persistent link: https://www.econbiz.de/10001615714
The paper investigates the impact of exchange rate depreciation on the balance of payments (BOP) in Nigeria over the period 1961 - 2012. The analysis is based on a multivariate vector error correction framework. A long-term equilibrium relationship was found between BOP, exchange rate and other...
Persistent link: https://www.econbiz.de/10010474303
The relationship between exchange rate and money demand has long been debated among macroeconomists due to its impact on the stability of money demand and monetary policy. Following the significant depreciation in the currency exchange associated with the political instability in Malaysia in...
Persistent link: https://www.econbiz.de/10013459224
yen, US dollar, and the Euro interest rates. Whether or not the announcements from the monetary authorities impact the …
Persistent link: https://www.econbiz.de/10009565386
Knowing the part of currency in circulation that is used for transactions is important information for a central bank. For several countries, the share of banknotes that is hoarded or circulates abroad is sizeable, which may be particularly relevant for large-denomination banknotes. We analyze...
Persistent link: https://www.econbiz.de/10012137979
The stable money demand function is a crucial policy tool of the monetary policy of any central bank, which links the monetary sector of an economy to its real sector. Notably, after the global financial crisis of 2007-08, the role of money has come to be envisaged as an essential issue while...
Persistent link: https://www.econbiz.de/10014500858
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...
Persistent link: https://www.econbiz.de/10014316654
This study operationalizes the Optimum Currency Area (OCA) to investigate the preparedness of Economic Community of West African States (ECOWAS) members to form a Monetary Union (MU). Inflation and output models are estimated, with the sample 1988:01 to 2017:12 for the former and 1967 to 2016...
Persistent link: https://www.econbiz.de/10012016723
Persistent link: https://www.econbiz.de/10014369315
In the 24 years since its introduction, the euro has experienced a financial crisis, a government debt crisis, a global …
Persistent link: https://www.econbiz.de/10014362756