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, looking at the past relationship between demand for Bank of England notes and a range of economic variables and cash industry … approaching a point of inflection - a paradigm shift in the demand for cash that causes the pre-existing relationships to break … down. To account for this, central banks must continue to research cash demand, its current and future drivers, and how …
Persistent link: https://www.econbiz.de/10011731418
Contrary to predictions that demand for cash will decline with the increased availability and use of non-cash payment … means, currency demand has increased in the Euro area and the US over the past 15 years. Against this background, this short … article summarizes recent findings from Jobst and Stix (2017), who provide a discussion of trends in currency demand, and …
Persistent link: https://www.econbiz.de/10011731427
, it is broken down into the components of foreign demand, domestic hoarding and domestic transaction balances. These … banknote demand components are estimated using the direct approach "net shipments and foreign travel" as well as an indirect …
Persistent link: https://www.econbiz.de/10011731481
Fast technological changes and constant growth of knowledge in many areas have led to an increasing importance of different approach to education. Efficient education is the foundation of modern society and it has the most important role in preparing students for a very flexible labour market....
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Electricity demand from air conditioners are increasing every year due to increasing ambient air temperature. Several …
Persistent link: https://www.econbiz.de/10012181768
This paper analyses the forecasting performance of monetary policy reaction functions using U.S. Federal Reserve's Greenbook real-time data. The results indicate that articial neural networks are able to predict the nominal interest rate better than linear and nonlinear Taylor rule models as...
Persistent link: https://www.econbiz.de/10012232127
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