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This paper explains and forecasts the demand for banknotes issued in Germany. For small and large denomination notes we estimate vector error correction models (VECM). The results suggest that the long-run demand for German small denomination notes is mainly driven by domestic transactions and...
Persistent link: https://www.econbiz.de/10011334993
Das vorliegende Papier modelliert die Nachfrage nach Euro-Banknoten, die von der Deutschen Bundesbank emittiert wurden … Nachfrage nach kleinen Stückelungen vor allem getrieben von inländischen Transaktionen und der Nachfrage außerhalb des Euro … Nachfrage nach großen Stückelungen wird dagegen hauptsächlich von der Auslandsnachfrage innerhalb und außerhalb des Euro …
Persistent link: https://www.econbiz.de/10011284235
To facilitate a more detailed study of the volume of euro banknotes in circulation issued by the Deutsche Bundesbank, it is broken down into the components of foreign demand, domestic hoarding and domestic transaction balances. These banknote demand components are estimated using the direct...
Persistent link: https://www.econbiz.de/10011731481
The saving ratio of households in Germany has increased in the past few years when the income trend was weak. This could be due to precautionary saving. In this paper, the importance of precautionary saving against income uncertainty is analyzed empirically using micro data from the German...
Persistent link: https://www.econbiz.de/10011628826
The saving ratio of households in Germany has increased in the past few years when the income trend was weak. This could be due to precautionary saving. In this paper, the importance of precautionary saving against income uncertainty is analyzed empirically using micro data from the German...
Persistent link: https://www.econbiz.de/10003404862