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Banks, money, and the zero lower bound on deposit rates
Kumhof, Michael; Wang, Xuan - 2020
-in-advance constraints, bank deposits are created through disbursement of bank loans, and banks face a convex lending cost. At the zero lower … bound on deposit rates (ZLBD), changes in policy rates affect activity through both real interest rates and banks' net …
Persistent link: https://www.econbiz.de/10012262361
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Card versus cash: empirical evidence of the impact of payment card interchange fees on end users’ choice of payment methods
Ardizzi, Guerino - Volkswirtschaftliche Fakultät, … - 2013
Interchange fees in card payments are a mechanism to balance costs and revenues between banks for the joint provision … of paying with payment cards, considering a balanced panel data set of Italian issuing banks. Finally, results show that …
Persistent link: https://www.econbiz.de/10011259691
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Transaction Technology Innovation and Demand for Overnight Deposits in Italy
Columba, Francesco - EconWPA - 2004
The rapid diffusion of ATM and POS during the last decade may have changed money demand patterns; therefore, standard …
Persistent link: https://www.econbiz.de/10005126211
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Do payment technology innovations affect currency demand in Tunisia?
Mbazia, Nadia - In: International journal of economics and financial issues … 13 (2023) 1, pp. 164-171
Persistent link: https://www.econbiz.de/10014228432
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Money and liquidity in financial markets
Nyborg, Kjell G.; Östberg, Per - 2010
has its basis in demand for liquidity by banks. Tightness in the interbank market for liquidity leads banks to engage in … what we term “liquidity pull-back,” which involves selling financial assets either by banks directly or by levered …
Persistent link: https://www.econbiz.de/10003979994
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Re-vitalizing money demand in the euro area : still valid at the zero lower bound
Dreger, Christian; Gerdesmeier, Dieter; Roffia, Barbara - 2016
The analysis of monetary developments have always been a cornerstone of the ECB’s monetaryanalysis and, thus, of its overall monetary policy strategy. In this respect, money demandmodels provide a framework for explaining monetary developments and assessing price stabilityover the medium term....
Persistent link: https://www.econbiz.de/10011532681
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The Stability of Money Demand in China : Evidence from the ARDL Model
Baharumshah, Ahmad Zubaidi - 2009
This study examines the demand for broad money (M2) in China using the autoregressive distributed lag (ARDL) cointegration framework. The results based on the bounds testing procedure confirm that a stable, long-run relationship exists between M2 and its determinants: Real income, inflation,...
Persistent link: https://www.econbiz.de/10013155958
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Another Look at the Transactions Demand for Money in Nigeria
Teriba, Ayo - 2014
economy. These are currency outside banks (COB), demand deposits (DD), narrow money (M1), quasi money (QM), and broad money (M …
Persistent link: https://www.econbiz.de/10013051771
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China's Monetary Policy and Interest Rate Liberalization : Lessons from International Experiences
Liao, Wei - 2014
China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) in light of progress in financial sector reforms that, for example, have resulted in significant...
Persistent link: https://www.econbiz.de/10013053041
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Re-Vitalizing Money Demand in the Euro Area : Still Valid at the Zero Lower Bound
Dreger, Christian - 2016
The analysis of monetary developments have always been a cornerstone of the ECB's monetary analysis and, thus, of its overall monetary policy strategy. In this respect, money demand models provide a framework for explaining monetary developments and assessing price stability over the medium...
Persistent link: https://www.econbiz.de/10012983725