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This study investigates the benefits of cash in a general context. First, we explicitly address the arguments of cash critics, who are calling for cash to be abolished altogether. Second, we show that cash plays a crucial role in the current two-tier banking system. Third, we are discussing a...
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Júlia Király, Dóra Győrffy: Economic Sanctions -- Péter Benczúr, István Kónya: Economic Growth & Resilience -- Jakub Głowacki, Anna Gomola, Michał Król, Łukasz Mamica, Monika Mazur-Bubak: Energy Markets: Current Situation and Possibilities for Stabilisation -- Szilárd Benk, Péter...
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shocks, a propensity to waste scarce liquidity in the banking system; and limited development of financial markets. The paper …-cyclical policies, Improving liquidity aggregation through and within the banking sector during crises, and improving the liquidity and …
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struggling to escape liquidity quicksands and stubbornly low or negative growth and employment trends. At the center of the … monetary policy pivot point. Since November 2011, the ECB has taken on an arguably activist liquidity-provider role relative to … integration. In December 2011, the ECB made clear its intention to inject massive liquidity when faced with crises of scale in …
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