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We employ a unique dataset of transaction records to analyse whether results of consumer surveys are influenced by the survey setup. We have asked more than 5,000 consumers to report their payments using seven different data collection methods. The results of the seven pilot studies were...
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This paper focuses on analyzing the cash supply network, in which the central bank – as an institutional member – acts … as a key influencing node/party. By analyzing the case study example of the Hungarian cash supply, the paper introduces … on introducing the main features of the Hungarian cash supply network and the behavior of its key members [central bank …
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Purpose – This paper investigates the Jensen's free cash flow (FCF) hypothesis in the context of UK cash acquisitions …. Under this hypothesis, financial slack induces mangers to acquire targets for cash if such behaviour generates either … pecuniary or non-pecuniary rewards for them, giving rise to a potential agency problem around cash takeovers. We argue that the …
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, gives its characteristic and provides different and common features with cash and non-cash forms of money. It justifies …
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Building on Giraud & Tsomocos (2009), we develop a model of non equilibrium international trades with incomplete markets. Trades occur in continuous time, both on international and domestic markets. Traders are assumed to exhibit locally rational expectations on future prices, interest rates and...
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