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Uncertainty, politics, and crises : the case for cash

Rösl, Gerhard; Seitz, Franz - 2023

We analyze the repercussions of different kinds of uncertainty on cash demand, including uncertainty of the digital infrastructures, confidence crises of the financial system, natural disasters, political uncertainties, and inflationary crises. Based on a comprehensive literature survey,...

Persistent link: https://www.econbiz.de/10014299396

Uncertainty, politics, and crises : the case for cash

Rösl, Gerhard; Seitz, Franz - In: Latin American journal of central banking : LAJCB 5 (2024) 3, pp. 1-19

We analyze the repercussions of different kinds of uncertainty on cash demand, including uncertainty of cashless infrastructures, confidence crises of the financial system, natural disasters, political uncertainties, and inflationary crises. Based on a comprehensive literature survey and...

Persistent link: https://www.econbiz.de/10015078272

On the stabilizing role of cash for societies

Rösl, Gerhard; Seitz, Franz - 2022

remarks on the importance of money for the economy in general, special attention is paid to the unique characteristics of cash …

Persistent link: https://www.econbiz.de/10013266037

CBDC and the banking system

Auer, Simone; Branzoli, Nicola; Ferrero, Giuseppe; … - In: Jahrbücher für Nationalökonomie und Statistik 245 (2025) 4/5, pp. 435-478

-optimize their balance sheets in response to the outflow of deposits caused by the substitution of private money with public digital … money. We then present a series of illustrative simulations on the impact of a CBDC on the funding structure and …

Persistent link: https://www.econbiz.de/10015432058

Do Central Banks‘ repo Transactions and Liquidity Infusions Increase Financial Stability Risks? A Case for Circular Monetary Economics

Kouam, Henri - 2020

Central banks repo market operations and liquidity infusions occasion a structural liquidity mismatch in bank balance sheets and increase the dependence on central bank liquidity. This paper argues for what I term “Circular Monetary Economics”, an approach to monetary policy that seeks to...

Persistent link: https://www.econbiz.de/10012825201

Decomposing US money supply changes since the financial crisis

Robinson, Richard; Nasser, Marwan El - In: International Journal of Financial Studies : open … 1 (2013) 2, pp. 32-44

liquidity in the form of currency and demand deposits. As a result, the money-supply multipliers substantially decreased, so … that the actual money supply measures grew more moderately than the base. The sustained multiplier-collapse spawned … money-multiplier collapse into changes in the currency-to-deposit ratios, and changes in the reserve-to-deposit ratio. By …

Persistent link: https://www.econbiz.de/10010196879

Interaction between monetary policy and bank regulation : lessons for the ECB

Dąbrowski, Marek - 2016

The European Central Bank (ECB) recently became engaged in macro-prudential policies and the micro-prudential supervision of the largest Euro area banks. These new tasks should help complete financial integration, and make the Euro area more resilient to financial instability risks. However, the...

Persistent link: https://www.econbiz.de/10011455880

Global Financial Crisis and Effects on the Agricultural Sector of Sudan

Mohamed, Issam A.W. - 2015

The severe impacts of the global financial crisis had effects on all world. However, in Sudan scientists and researchers were greatly shocked because of the governmental camouflaging on their real effects on the economy. Minister of National Economy and Finance denied the effects on the Sudanese...

Persistent link: https://www.econbiz.de/10013037829

Would a Stricter Fed Policy and Financial Regulation Have Averted the Financial Crisis?

Gokhale, Jagadeesh - 2009

Many commentators have argued that if the Federal Reserve had followed a stricter monetary policy earlier this decade when the housing bubble was forming, and if Congress had not deregulated banking but had imposed tighter financial standards, the housing boom and bust - and the subsequent...

Persistent link: https://www.econbiz.de/10013155688

The Financial Crisis Viewed from the Perspective of the 'Social Costs' Theory

Wray, L. Randall - 2011

money and finance should not matter much, the - alternative tradition from Veblen and Keynes to Galbraith and Minsky … - provides the basis for developing an approach that puts money and finance front and center. Including the theory of social …

Persistent link: https://www.econbiz.de/10013127808