In the light of fears that the SARS-CoV-2 virus might be transmitted via cash – fears that were stoked by statements in the media and from public authorities – this paper aims to address the following issues: (1) to provide a descriptive account of the change in the circulation of euro...

In the light of fears that the SARS-CoV-2 virus might be transmitted via cash – fears that were stoked by statements in the media and from public authorities – this paper aims to address the following issues: (1) to provide a descriptive account of the change in the circulation of euro...

The fast and steady recovery in employment following the COVID-19 pandemic in the EU benefited from proactive policy responses to the crisis and from resilient labour markets. Almost 90% of regions across the EU had exceeded their pre-pandemic employment levels by 2022; however, significant regional...

The fast and steady recovery in employment following the COVID-19 pandemic in the EU benefited from proactive policy responses to the crisis and from resilient labour markets. Almost 90% of regions across the EU had exceeded their pre-pandemic employment levels by 2022; however, significant regional...

Employment levels in the EU27 recovered from the effects of the COVID-19 pandemic in 2020-2021 much faster than they did after the global financial crisis in 2008-2010. This was despite the immediate job loss effects of the two crises being of comparable scale. Demographic change is affecting...

Employment levels in the EU27 recovered from the effects of the COVID-19 pandemic in 2020-2021 much faster than they did after the global financial crisis in 2008-2010. This was despite the immediate job loss effects of the two crises being of comparable scale. Demographic change is affecting...

We shed light on the demand for a central bank digital currency (CBDC) as a means of payment, based on survey payment data. We provide a quantitative framework to assess transactional demand for CBDC at the point of sale, accommodating a wide range of design choices. We develop a structural...

In order to understand why there is a continuous increase in euro banknote circulation even though the use of cash for transactions is decreasing in the euro area - a phenomenon known as the paradox of banknotes - the members of the Overseas workstream of the Eurosystem Research Network on Cash...