Inlandsumlauf von Euro-Banknoten in Deutschland Ende 2009 (rd. 130 Mrd. €) nur rund einem Drittel aller von der Deutschen Bundesbank …In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside … Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in …

In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside … Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in … amount of approximately €220 billion are in circulation outside Germany. The lion’s share of roughly €160 billion is in non-euro …

In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside … Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in … amount of approximately €220 billion are in circulation outside Germany. The lion's share of roughly €160 billion is in non-euro …

In this paper, we endeavour to determine the volume of euro banknotes issued by Germany that is in circulation outside … Germany. In so doing, we draw a distinction between banknotes outstanding in non-euro-area countries and those that are in … roughly two-thirds of Germany's cumulated net issuance of euro banknotes was in circulation outside Germany. The lion's share …

We estimate the shoe-leather costs of inflation in the euro area using monetary data adjusted for holdings of euro … anticipated inflation. We conclude that, despite the increased circulation of euro banknotes abroad, in the euro area the …

We estimate the shoe leather costs of inflation in the euro area by using monetary data adjusted for holdings of euro … that, despite the increased circulation of euro banknotes abroad, inflation tax is still predominantly borne by domestic … agents in the euro area, with transfers of resources from abroad remaining small …

In order to understand why there is a continuous increase in euro banknote circulation even though the use of cash for … workstream of the Eurosystem Research Network on Cash (EURECA) 1 have conducted a study on the foreign demand for euro banknotes … factors behind the demand for euro banknotes, for both store-of-value and transaction purposes. In particular, euro cash flows …

In this paper, we analyze the volume of euro banknotes issued by Germany within the euro area with several seasonal … methods. We draw a distinction between movements within Germany, circulation outside Germany but within the euro area and … demand from non-euroarea countries. Our approach suggests that only about 20% of euro notes issued by Germany are used for …

This paper explains and forecasts the demand for banknotes issued in Germany. For small and large denomination notes we … notes is mainly driven by domestic transactions and demand from outside the euro area. The transaction motive in the rest of … the euro area is part of the short-term dynamics. The long-run demand for German large denomination notes is mainly driven …

In a surprisingly growing number of regions in Germany private "regional currencies" are issued as a cash substitute … for the euro. Currently, these regional currencies are conceived almost exclusively as Schwundgeld (depreciative currency … fundamentally new phenomenon neither in Germany nor in other European countries. The theoretical assumptions of the Schwundgeld …