Showing 101 - 110 of 25,137
Cash is being used less and less for making payments in many countries, including Canada and Sweden, which might … suggest that cash will eventually disappear. However, cash in circulation in most countries, including Canada, has been stable … for decades, and even rising in recent years. In contrast, aggregate cash demand in Sweden has been falling steadily. This …
Persistent link: https://www.econbiz.de/10012053139
The period from the 1950s to the late 1970s saw an almost uniform decline of cash-to-GDP ratios in industrial countries … incomes. Rising wages increased the burden of weekly wage payments in cash, and rising incomes made the average earner more … than revolutionary, however. So, even though the cash-to-GDP ratio declined in this period, absolute amounts of real cash …
Persistent link: https://www.econbiz.de/10011582263
The topic of abolishing cash is discussed since some time, and economists such as Rogoff, Summers and Bofinger argue … argumentative lines of the supporters and opponents of an abolishing or limitation of cash, as well as the respective institutional …
Persistent link: https://www.econbiz.de/10011643516
€2 coins. Only in the case of €2 coins has the cash stock held for transaction purposes made a significant contribution … method of determining the demand for this denomination. Given the overall weakness in the growth of the cash held for …. Due to the inadequate data availability, the cash balance held for domestic transactions by sector cannot be fully …
Persistent link: https://www.econbiz.de/10010429759
This paper explains and forecasts the demand for banknotes issued in Germany. For small and large denomination notes we estimate vector error correction models (VECM). The results suggest that the long-run demand for German small denomination notes is mainly driven by domestic transactions and...
Persistent link: https://www.econbiz.de/10011334993
. The transaction motive in the rest of the euro area and non-cash payments are part of the short-term dynamics. The long …
Persistent link: https://www.econbiz.de/10011284235
I use data from the Bank of Canada's Bank Note Distribution System and exploit a natural experiment offered by the timing of Easter in the Gregorian calendar to analyze the effects of demographic change for currency demand. I find that the main drivers of low-denomination bank note demand are...
Persistent link: https://www.econbiz.de/10010457899
area, directly or via the French wholesale bank. Second, a "bottom-up" approach can be built-up, where the cash holdings of … use of cash for transactional purpose. Bearing in mind that those various approaches do not always separate the hoarding … similarities and differences between those several methods sheds light on the French national demand for cash by giving hints on …
Persistent link: https://www.econbiz.de/10011730983
This paper analyses how many euro coins outflow from Germany and which composition of coins is to be expected in the long run. To this end, a simple mathematical model is formulated and calibrated for €1 coins. The introduction of the euro coins in 2002 presented a unique opportunity to...
Persistent link: https://www.econbiz.de/10003881600
This paper takes off from Jan Kregel's paper "Shylock and Hamlet, or Are There Bulls and Bears in the Circuit?" (1986), which aimed to remedy shortcomings in most expositions of the "circuit approach". While some "circuitistes" have rejected John Maynard Keynes's liquidity preference theory,...
Persistent link: https://www.econbiz.de/10009523597