We study the demand for Swiss banknotes over the period from 1956 to 2015 and present stylized facts on different …, we focus on the demand for banknotes used as a store of value (“hoarding”), which can be expected to be particularly … seasonal pattern of CHF 1000 banknotes, which might not be related to transactions, we cannot rely on seasonal ranges including …

At the end of 2015, the Deutsche Bundesbank had issued a total net amount of just over €45 billion in €20 banknotes. In … statistical terms, each resident living in Germany was therefore issued with around 30 banknotes of this denomination. Up until … now, it was not clear how many of these German-issued euro banknotes are actually used for payment purposes. Owing to the …

To facilitate a more detailed study of the volume of euro banknotes in circulation issued by the Deutsche Bundesbank …, around 65% to 70% of the arithmetical volume of euro banknotes issued by the Bundesbank were in circulation outside Germany …-interest-rate environment; instead, Bundesbank-issued euro banknotes may be circulating in other euro-area countries in greater numbers. …