Search Results - subject:"Geldnachfrage"

Inflation persistence, the stability of money demand, and the natural rate of interest

Benati, Luca - 2026

Evidence since the XIX century shows that whereas the demand for M1 is uniformly stable (Benati, Lucas, Nicolini, and Weber, 2021), the demand for broader aggregates is stable under monetary regimes making inflation strongly mean-reverting-such as the Gold Standard and inflation-targeting-but it...

Persistent link: https://www.econbiz.de/10015604527

Money demand by non-financial corporations

Nocciola, Luca - 2026

We document empirically the money demand by European non-financial corporations by exploiting a unique and brand-new survey on their cash usage in a stress period. We also assess: (i) the relation between cash held and firm size; and (ii) estimate point values of cash holdings and carry out...

Persistent link: https://www.econbiz.de/10015605058

Precautionary money demand in the economy's demand curve and in the fiscal and monetary multipliers : an extension

Pateiro-Rodríguez, Carlos; Martín-Bermúdez, Federico; … - 2026

This paper examines, through a modified aggregate demand curve, the reduction in equilibrium income caused by the presence of precautionary demand in the money demand function. Specifically, this paper rigorously analyses the transformation of the well-known fiscal and monetary policy...

Persistent link: https://www.econbiz.de/10015625880

Who owns crypto in the euro area? : drivers of crypto adoption, payment use, and its interaction with fiat cash

Zamora-Pérez, Alejandro - 2026

Using a survey of 39,507 adults in 17 euro-area countries, I find that crypto-asset owners and the niche subgroup of payers have distinct profiles. Owners - typically younger, male, and financially active - exhibit mixed preferences, valuing both cash-like privacy and card-like speed. Crypto...

Persistent link: https://www.econbiz.de/10015626943

The option value of money

Isch-Taudien, Remo; Monnet, Cyril - 2026

An intrinsically useless asset can have value not because it serves as a medium of exchange today, but because it could in the future- this is the option value of money. We characterize the private and social option values of cryptocurrency in a model with a possibly selfinterested government...

Persistent link: https://www.econbiz.de/10015667290

Towards a demand for money measurement ? : application to the German hyperinflation of the early 1920s

Prat, Georges - 2026

Persistent link: https://www.econbiz.de/10015578800

Estimating the reserve demand curve for the Philippines : a time-varying parameter vector autoregression approach

Allon-Pineda, Joan Christine S.; Dacio, Jasmin E. - 2026

Effective monetary policy implementation requires a good understanding of banks' demand for liquidity, also referred to as "reserves" kept at the central bank. This paper models a reserve demand function for the Philippines with the dual goal of (a) estimating the slope or the elasticity of...

Persistent link: https://www.econbiz.de/10016082477

40 years of empirical evidence of cointegration and nonlinear equilibrium correction in UK money demand since the XIX century

Escribano, Álvaro; Rodríguez, Juan-Andrés; Arranz, … - 2025

Persistent link: https://www.econbiz.de/10015440602

Heterogeneous impact of cost of carry on corporate money demand

Movaghari, Hadi; Sermpinis, Georgios - 2025

Persistent link: https://www.econbiz.de/10015338103

Assessing consumer CBDC adoption in Luxembourg : a micro-simulation approach

Giordana, Gastón - 2025

Persistent link: https://www.econbiz.de/10015197270