Similar Search Results

Currency movements within and outside a currency union : the case of Germany and the euro area /Nikolaus Bartzsch, Gerhard Rösl and Franz Seitz

Bartzsch, Nikolaus; Rösl, Gerhard; Seitz, Franz - 2011

In this paper, we analyze the volume of euro banknotes issued by Germany within the euro area with several seasonal methods. We draw a distinction between movements within Germany, circulation outside Germany but within the euro area and demand from non-euroarea countries. Our approach suggests...

Persistent link: https://www.econbiz.de/10010209428

Payment Innovations, the Shadow Economy and Cash Demand of Households in Euro Area Countries

Reimers, Hans-Eggert; Schneider, Friedrich; Seitz, Franz - 2021

We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a … panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and … opportunity costs, we concentrate on cashless payments media as substitutes to cash payments and the role of the shadow economy …

Persistent link: https://www.econbiz.de/10013315295

Choosing and Using Payment Instruments : Evidence From German Microdata

von Kalckreuth, Ulf; Schmidt, Tobias; Stix, Helmut - 2021

Germans are still very fond of using cash. Of all direct payment transactions, cash accounts for an astounding 82% in … cash remains so important. We propose a two-stage empirical framework which jointly explains credit card ownership and the … use of cash. Our results indicate that the pattern of cash usage is compatible with systematic economic decision making …

Persistent link: https://www.econbiz.de/10013316278

The Demand for Euro Area Currencies : Past, Present and Future

Fischer, Björn; Koehler, Petra; Seitz, Franz - 2021

This paper analyses currency in circulation in the euro area since the beginning of the 1980s. After a literature review we present some stylised facts on currency holdings in the euro area countries as well as at an aggregate euro area level. The next chapter develops a theoretical model, which...

Persistent link: https://www.econbiz.de/10013319386

Canadian bank notes and Dominion notes : lessons for digital currencies

Fung, Ben Siu-cheong; Hendry, Scott; Weber, Warren E. - 2017

This paper studies the period in Canada when both private bank notes and governmentissued notes (Dominion notes) were simultaneously in circulation. Because both of these notes shared many of the characteristics of today's digital currencies, the experience with these notes can be used to draw...

Persistent link: https://www.econbiz.de/10011599127

Crypto "money" : perspective of a couple of Canadian central bankers

Chapman, James; Wilkins, Carolyn A. - 2018

rise of cryptoassets and a decline in the use of cash, should digital payments be left entirely to the private sector or …

Persistent link: https://www.econbiz.de/10011967273

Do we need central bank digital currency? : economics, technology and institutions

Gnan, Ernest (ed.); Masciandaro, Donato (ed.) - Do We Need Central Bank Digital Currency?: Economics, …; … - 2018

Persistent link: https://www.econbiz.de/10011944433

Swedish Riksbank notes and Enskilda bank notes : lessons for digital currencies

Fung, Ben Siu-cheong; Hendry, Scott; Weber, Warren E. - 2018

This paper examines the experience of Sweden with government notes and private bank notes to determine how well the Swedish experience corresponds to that of Canada and the United States. Sweden is important to study because it has had government notes in circulation for more than 350 years, and...

Persistent link: https://www.econbiz.de/10011864604

The demand for Swiss banknotes: some new evidence

Assenmacher-Wesche, Katrin; Seitz, Franz; Tenhofen, Jörn - In: Swiss journal of economics and statistics 155 (2019) 14, pp. 1-22

Knowing the part of currency in circulation that is used for transactions is important information for a central bank. For several countries, the share of banknotes that is hoarded or circulates abroad is sizeable, which may be particularly relevant for large-denomination banknotes. We analyze...

Persistent link: https://www.econbiz.de/10012137979

Transaction balances of small denomination banknotes : findings from the introduction of ES2

Bartzsch, Nikolaus - 2017

return flows of the old series (ES1) of €20 banknotes received by the Deutsche Bundesbank. The cash balance of €20 banknotes … are still outstanding in the Deutsche Bundesbank's balance sheet. Given that the cash balance held for domestic … at the end of July 2016 using the biometric method. This estimate represents a lower level for the actual cash balance …

Persistent link: https://www.econbiz.de/10011731375