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Money demand in Europe : evidence from the past

Hahn, Elke; Müller, Christian - 2000

-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis …Die Bedingungen, die der europäische Geldpolitik zugrunde liegen dürften, werden anhand einer multivariaten …

Persistent link: https://www.econbiz.de/10011432808

Asymmetric impact of exchange rate changes on money demand in Malaysia

Hussin Abdullah; El-Rasheed, Shehu; Hafizah Hammad … - In: Contemporary economics 16 (2022) 3, pp. 317-328

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

Monetary asymmetries without (and with) price stickiness

Jaccard, Ivan - 2024

The evidence suggests that monetary policy transmission is asymmetric over the business cycle. Interacting financing frictions with a preference for liquidity provides an explanation for this fact. Our mechanism generates monetary asymmetries in a model that jointly reproduces a set of asset...

Persistent link: https://www.econbiz.de/10014527042

Thinking beyond the pandemic : monetary policy challenges in the medium- to long-term

Dąbrowski, Marek - 2021

The economic characteristics of the COVID-19 crisis differ from those of previous crises. It is a combination of demand- and supply-side constraints which led to the formation of a monetary overhang that will be unfrozen once the pandemic ends. Monetary policy must take this effect into...

Persistent link: https://www.econbiz.de/10012592174

Unconventional monetary policy and money demand

Dreger, Christian; Wolters, Jürgen - 2014

cointegration methods. In contrast to the bulk of the literature, evidence in favour of a stable long run money demand function is …

Persistent link: https://www.econbiz.de/10010358869

The money demand function for the euro area : some empirical evidence

Avouyi-Dovi, Sanvi; Drumetz, Françoise; Sahuc, … - In: Bulletin of economic research 64 (2012) 3, pp. 377-392

Persistent link: https://www.econbiz.de/10009674356

Forecasting banknote circulation during the COVID-19 pandemic using structural time series models

Bartzsch, Nikolaus; Brandi, Marco; Pastor, Raymond de; … - 2023

As part of the Eurosystem’s annual banknote production planning, the national central banks draw up forecasts estimating the volumes of national-issued banknotes in circulation for the three years ahead. As at the end of 2021, more than 80 per cent of euro banknotes in circulation (cumulated...

Persistent link: https://www.econbiz.de/10014320825

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

Cash for transactions or store-of-value? : a comparative study on Sweden and peer countries

Claussen, Carl Andreas; Segendorff, Björn; Seitz, Franz - 2023

We estimate the demand for transaction and non-transaction cash balances in Canada, Denmark, Iceland, Sweden and Norway over the last decades using the seasonal method. These countries share many features that are relevant for cash demand, but nevertheless show large differences in terms of...

Persistent link: https://www.econbiz.de/10014332145

Money and inflation in the euro area during the financial crisis

Dreger, Christian; Wolters, Jürgen - 2011

including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset …This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by … inflation are identified. The results indicate that the equilibrium evolution of M3 is still in line with money demand. In the …

Persistent link: https://www.econbiz.de/10010304804