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30 years cash demand always increased in times of crises, independent of the nature of the crisis itself.However, the …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 …
Persistent link: https://www.econbiz.de/10012692738
is evident that cash demand always increases in times of crises, independent of the nature of the crisis itself. However …, largely unaffected from crises we observe a trend increase in global cash aligned with a shift from transaction balances …Despite the increasing use of cashless payment instruments, the notion that cash loses importance over time can be …
Persistent link: https://www.econbiz.de/10012425532
cash can help to avoid such a situation. We find interesting similarities to both crises in two separate case studies, one … on the demonetization in India 2016 and the other on cash supply during various crises in Greece since 2008. The paper …In this paper, we focus on the stabilizing role of cash from a society-wide perspective. Starting with conceptual …
Persistent link: https://www.econbiz.de/10013273903
We analyze the repercussions of different kinds of uncertainty on cash demand, including uncertainty of the digital … infrastructures, confidence crises of the financial system, natural disasters, political uncertainties, and inflationary crises. Based … classification scheme how cash holdings typically evolve in each of these types of uncertainty by separating between demand for …
Persistent link: https://www.econbiz.de/10014305043
is evident that cash demand always increases in times of crises, independent of the nature of the crisis itself. However …, largely unaffected from crises we observe a trend increase in global cash aligned with a shift from transaction balances …Despite the increasing use of cashless payment instruments, the notion that cash loses importance over time can be …
Persistent link: https://www.econbiz.de/10012425128
cash can help to avoid such a situation. We find interesting similarities to both crises in two separate case studies, one … on the demonetization in India 2016 and the other on cash supply during various crises in Greece since 2008. The paper …In this paper, we focus on the stabilizing role of cash from a society-wide perspective. Starting with conceptual …
Persistent link: https://www.econbiz.de/10013266037
We analyze the repercussions of different kinds of uncertainty on cash demand, including uncertainty of the digital … infrastructures, confidence crises of the financial system, natural disasters, political uncertainties, and inflationary crises. Based … classification scheme how cash holdings typically evolve in each of these types of uncertainty by separating between demand for …
Persistent link: https://www.econbiz.de/10014299396
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 aggregate cash balances. While Canada, Iceland and Denmark have seen increased …
Persistent link: https://www.econbiz.de/10014332145
The present paper provides an overview on current developments of cash usage and issue of central bank digital currency … (CBDC) in the euro area and proposes a possible design of a digital euro that allows for instant offline payments. Cash … regulations and supply-side restrictions by commercial banks. Nonetheless, overall demand for euro cash remained strong and even …
Persistent link: https://www.econbiz.de/10014523455
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 aggregate cash balances. While Canada, Iceland and Denmark have seen increased …
Persistent link: https://www.econbiz.de/10014563963