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Displaying results 1 to 2 of 2.

  1. Debit card and cash usage
    a cross-country analysis
    Published: Mar. 2007
    Publisher:  Federal Reserve Bank of Chicago, Chicago, Ill.

    "During the last decade, debit card transactions grew rapidly in most advanced countries. While check usage declined and has almost disappeared in some countries, the stock of currency in circulation has not declined as fast. We use panel... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 88 (2007.04)
    Inter-library loan:
    No inter-library loan

     

    "During the last decade, debit card transactions grew rapidly in most advanced countries. While check usage declined and has almost disappeared in some countries, the stock of currency in circulation has not declined as fast. We use panel estimation techniques to analyze the change in transactional demand for cash resulting from greater usage of debit cards in 13 countries from 1988 to 2003. We are able to disentangle cash's store of value function from its payment function by separating cash into three denomination categories. We find that the demand for low denomination notes and coins decreases as debit card usage increases because merchants need to make less change for customer purchases. On the other hand, the demand for high denomination notes is generally less affected suggesting that these denomination notes are also used for non-transactional purposes"--Federal Reserve Bank of Chicago web site

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Federal Reserve Bank of Chicago ; 2007-04
    Subjects: Kreditkarte; Zahlungsverkehr; Konsumentenverhalten; Industrieländer
    Other subjects: Array
    Scope: Online-Ressource, 45 S., Text, graph. Darst.
    Notes:

    Title from PDF file as viewed on 5/24/2007

    Includes bibliographical references

    Also available in print
  2. The price revolution in the 16th century
    empirical results from a structural vectorautoregression model
    Published: Aug. 2007
    Publisher:  WWZ, Basel

    This paper provides empirical evidence in favor of the hypothesis that the secular price increase in the 16th century is mainly caused by money supply developments as the discovery of new mines in Latin America. First we review price developments for... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 421 (07.12)
    Inter-library loan:
    No inter-library loan
    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 523 (2007,12)
    Inter-library loan:
    No inter-library loan

     

    This paper provides empirical evidence in favor of the hypothesis that the secular price increase in the 16th century is mainly caused by money supply developments as the discovery of new mines in Latin America. First we review price developments for several European countries over the 16th century in the light of this hypothesis. Second the application of a SVAR model to annual time series of price indexes for Old Castile and Leon and New Castile over the 16th century indicates that not only the trend but also the short to medium variability of price movements in 16th century Spain are dominated by permanent money supply shocks.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/123383
    Series: WWZ working paper ; 07,12
    Subjects: Preisniveau; Geldnachfrage; Geldmenge; VAR-Modell; Schätzung; Welt; Price revolution; money demand; money supply
    Scope: Online-Ressource, [17] S., Text, graph. Darst.