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Displaying results 1 to 6 of 6.

  1. Digital payments adoption and the demand for cash: new international evidence
    = Adopcion de pagos digitales y la demanda porefectivo
    Author: Arango-Arango, Carlos A.; Suárez-Ariza, Nicolás F.
    Published: [2019]
    Publisher:  Banco de la Republica Colombia, Bogotá, Colombia

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    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 468
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Borradores de economía ; no. 1074 (2019)
    Subjects: money demand; digital payments; cash; denominational structure; panel data
    Scope: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  2. Does Bitcoin behave as a currency?
    a standard monetary model approach
    Author: Hui, Cho H.; Lo, Chi-Fai; Chau, Po-Hon; Wong, Andrew
    Published: [2019]
    Publisher:  Hong Kong Institute for Monetary Research, Hong Kong

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: HKIMR working paper ; 2019, no. 11 (September 2019)
    Subjects: Bitcoin; money demand; currency crash; flexible-price monetary model
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  3. Towards a new monetary theory of exchange rate determination
    Author: Cesa-Bianchi, Ambrogio; Kumhof, Michael; Sokol, Andrej; Thwaites, Gregory
    Published: August 2019
    Publisher:  Bank of England, London

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 443
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Staff working paper / Bank of England ; no. 817
    Subjects: Bank lending; money creation; money demand; endogenous money; uncovered interest parity; exchange rate determination; international capital flows; gross capital flows
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  4. Are instant payments becoming the new normal?
    a comparative study
    Author: Hartmann, Monika; Hernandez-van Gijsel, Lola; Plooij, Mirjam; Vandeweyer, Quentin
    Published: [August 2019]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    As a result of technological advancements, instant delivery of digital services has become the norm in today's society. Yet, until recently, this trend did not extend to retail payment services, which normally took one or up to a few working days... more

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    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    As a result of technological advancements, instant delivery of digital services has become the norm in today's society. Yet, until recently, this trend did not extend to retail payment services, which normally took one or up to a few working days from the end user's perspective. Following Europe's recent launch of its own SEPA-wide instant payment platform, now is the time to ask the question: will instant payment services become "the new normal" and what would this new normal look like? This paper assesses the overall prospects of instant payments in the euro area. It identifies structural drivers and blockers to the adoption of instant payments based on the analysis of country cases where instant payments became operational in the last few years.

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289938709
    Other identifier:
    hdl: 10419/207615
    Series: Occasional paper series / European Central Bank ; no 229 (August 2019)
    Subjects: Instant payments; payment system; money demand
    Scope: 1 Online-Ressource (53 Seiten), Diagramme
  5. Are instant payments becoming the new normal?
    a comparative study
    Author: Hartmann, Monika; Hernandez-van Gijsel, Lola; Plooij, Mirjam; Vandeweyer, Quentin
    Published: [August 2019]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    As a result of technological advancements, instant delivery of digital services has become the norm in today's society. Yet, until recently, this trend did not extend to retail payment services, which normally took one or up to a few working days... more

    Access:
    Resolving-System (kostenfrei)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    Inter-library loan:
    No inter-library loan

    Location:
    Staats- und Universitätsbibliothek Bremen
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    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 535
    Inter-library loan:
    No inter-library loan

     

    As a result of technological advancements, instant delivery of digital services has become the norm in today's society. Yet, until recently, this trend did not extend to retail payment services, which normally took one or up to a few working days from the end user's perspective. Following Europe's recent launch of its own SEPA-wide instant payment platform, now is the time to ask the question: will instant payment services become "the new normal" and what would this new normal look like? This paper assesses the overall prospects of instant payments in the euro area. It identifies structural drivers and blockers to the adoption of instant payments based on the analysis of country cases where instant payments became operational in the last few years.

     
    Export to reference management software   RIS file
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    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289938709
    Other identifier:
    hdl: 10419/207615
    Series: Occasional paper series / European Central Bank ; no 229 (August 2019)
    Subjects: Instant payments; payment system; money demand
    Scope: 1 Online-Ressource (53 Seiten), Diagramme
  6. What explains the growing global demand for cash?
    Author: Shirai, Sayuri; Sugandi, Eric Alexander
    Published: [2019]
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    Demand for cash is generally known to be influenced by several factors−including transaction motive used for payment, opportunity cost, precautionary motive (such as crisis period), and other motives (such as aging and demand from abroad). In... more

    Access:
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 188
    Inter-library loan:
    No inter-library loan

     

    Demand for cash is generally known to be influenced by several factors−including transaction motive used for payment, opportunity cost, precautionary motive (such as crisis period), and other motives (such as aging and demand from abroad). In recent years, cashless payment methods have increasingly become prevalent in the world through various conventional tools (such as credit cards, debit cards) and innovative convenient financial services using mobile phones and smart phones. Nevertheless, cash in circulation has been rising in many economies, especially after the global financial crisis. The rising trend is prevalent even in advanced economies, notwithstanding that the public normally has had full access to bank accounts and credit cards for a long time and other cashless payment tools in recent years. The low interest rate environment appears to have affected the rising trends. Meanwhile, emerging/developing economies continue to issue cash significantly partly because their nominal GDP growth rates have been greater than those of advanced economies. Interestingly, the People's Republic of China (PRC) experienced a decline in the ratio of cash in circulation to nominal GDP, suggesting greater access by residents to bank accounts and/or other non-bank cashless payment services. This paper first focuses on the time-series movements of cash in circulation (in terms of the amount and nominal GDP) for 22 economies for the period 2000-2018. It also investigated the movements of banknotes in circulation differentiated by denomination for six economies whose data were available. Several empirical analyses with regards to the cash demand function (controlling for the transaction motive by using the ratio of cash in circulation to nominal GDP as a dependent variable) were then conducted for the Euro Area, Japan, and the United States separately. Subsequently, an empirical analysis on cash demand covering all the 22 economies for the period 2000-2018 was performed. The paper found that the opportunity cost proxied by the central bank policy rates and age-related variable were the two most important robust determinants for cash demand. Namely, cash demand tends to grow with a decline in the policy rates and with an advancement of aging.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/222773
    Series: ADBI working paper series ; no. 1006 (September 2019)
    Subjects: money demand; monetary policy; central bank
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen