Search Results - subject_exact:"Money demand"

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, ebvufind01.dmz1.zbw.eu/10015604527

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, ebvufind01.dmz1.zbw.eu/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, ebvufind01.dmz1.zbw.eu/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, ebvufind01.dmz1.zbw.eu/10015667290

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

Giordana, Gastón - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015197270

A re-consideration of Money Demand Theory

Kapur, Basant - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015547243

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A re-consideration of Money Demand Theory

Kapur, Basant - 2025

Article

Money demand in Indonesia and its forecasting to 2033

Suroso, Arif Imam; Bahri, Saiful; Achsani, Noer Azam; … - 2025

This study aims to identify the primary factors influencing the demand for money in Indonesia and to provide forecasts through 2033. The research employs two methodologies: time series econometrics and machine learning, utilizing data spanning from the first quarter of 2010 (2010Q1) to the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410025

Risk attitudes do not explain cash holdings

Hentschel, Nicole - 2025 - This version: September 26, 2025

Despite the long-term trend away from cash and the widespread adoption and acceptance of payment cards, many people still carry considerable amounts of cash. In a preregistered study, I examine whether risk attitudes can explain consumers' persistent cash holdings. To self-insure against the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015462933

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Risk attitudes do not explain cash holdings

Hentschel, Nicole - 2025

Book / Working Paper

Identifying monetary policy shocks with Divisia money in the United Kingdom

Binner, Jane M.; Bissoondeeal, Rakesh K.; Jones, Barry E.; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619660

Monetary asymmetries without (and with) price stickiness

Jaccard, Ivan - 2024

The evidence suggests that monetary policy transmission is asymmetric over the business cycle. Interacting financing frictions with a preference for liquidity provides an explanation for this fact. Our mechanism generates monetary asymmetries in a model that jointly reproduces a set of asset...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014527042

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Monetary asymmetries without (and with) price stickiness

Jaccard, Ivan - 2024

Book / Working Paper

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

Prat, Georges - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015578800

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, ebvufind01.dmz1.zbw.eu/10015605058

CBDC policies in open economies

Kumhof, Michael; Pinchetti, Marco; Phurichai … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014317927

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CBDC policies in open economies

Kumhof, Michael; Pinchetti, Marco; Phurichai … - 2023

Book / Working Paper

CBDC policies in open economies

Kumhof, Michael; Pinchetti, Marco; Phurichai … - 2023

Book / Working Paper

How justified is abandoning money from monetary policy? : evidence from dynamically simulated ARDL

Adil, Masudul Hasan; Hatekar, Neeraj R. - 2023

The stable money demand function is a crucial policy tool of the monetary policy of any central bank, which links the monetary sector of an economy to its real sector. Notably, after the global financial crisis of 2007-08, the role of money has come to be envisaged as an essential issue while...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014500858

Monetary trends in the UK and the USA from 1874 to 2020 : a nonlinear approach to money demand

Escribano, Álvaro; Rodríguez, Juan-Andrés - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014320871

Welfare cost of inflation, when credit card transaction services are included among monetary services

Barnett, William A.; Park, Sohee - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014632031

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Welfare cost of inflation, when credit card transaction services are included among monetary services

Barnett, William A.; Park, Sohee - 2023

Book / Working Paper

The simple macroeconometrics of the quantity theory and the welfare cost of inflation

Stewart, Kenneth G. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015050225

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The simple macroeconometrics of the quantity theory and the welfare cost of inflation

Stewart, Kenneth G. - 2023

Book / Working Paper

Money demand in Indonesia and its forecasting to 2033

Suroso, Arif Imam; Bahri, Saiful; Achsani, Noer Azam; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015469153

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, ebvufind01.dmz1.zbw.eu/10015440602

Heterogeneous impact of cost of carry on corporate money demand

Movaghari, Hadi; Sermpinis, Georgios - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338103

Is panel currency demand equation homogeneous, why not, and what it means for shadow economy measurement

Król, Michał; Torój, Andrzej - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359838

On the demand for various CBDC designs : a quantitative decomposition of currency spill-over based on the complementary role

Zhang, Xuanyu; Fan, Xiaoyun - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015515458

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On the demand for various CBDC designs : a quantitative decomposition of currency spill-over based on the complementary role

Zhang, Xuanyu; Fan, Xiaoyun - 2025

Article

Money growth and inflation in the Euro Area, UK, and USA : measurement issues and recent results

Ireland, Peter N. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015610136

Demand for cash in Rwanda : developments and prospects

Nyalihama, Christian; Kamanzi, Callixte - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015595620

The welfare costs of inflation reconsidered

Benati, Luca; Nicolini, Juan Pablo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015556635

Online Appendix for: The welfare costs of inflation reconsidered

Benati, Luca; Nicolini, Juan Pablo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015556636

The demand for money : the evidence from the different types of money

Chowdhury, M. M. Islam; Serletis, Apostolos - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626958

Are money demand equations still alive and kicking? : historical evidence of cointegration for the UK, using nonlinear techniques

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

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015395823

Money demand under a fixed exchange rate regime : the case of Saudi Arabia

Hasanov, Fakhri J.; Al Rasasi, Moayad; Alsayaary, Salah S. - 2022

This paper reviews earlier studies and shows that the money demand (MD) relationship under a fixed exchange rate (ER) regime differs from that under a floating ER regime, mainly due to the limited role of monetary policy in the former regime. It then empirically demonstrates that an open-economy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013176694

Monetary regimes, money supply, and the USA business cycle since 1959 : implications for monetary policy today

Hollander, Hylton; Christensen, Lars - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013469774

Monetary aggregation and speculative real money-demand equation : theories, evidence and policy

Ng'ang'a, Peter Njenga - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013453562

Asymmetric impact of exchange rate changes on money demand in Malaysia

Hussin Abdullah; El-Rasheed, Shehu; Hafizah Hammad … - 2022

The relationship between exchange rate and money demand has long been debated among macroeconomists due to its impact on the stability of money demand and monetary policy. Following the significant depreciation in the currency exchange associated with the political instability in Malaysia in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013459224

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Asymmetric Impact of Exchange Rate Changes on Money Demand in Malaysia

Hussin Abdullah; El-Rasheed, Shehu; Hafizah Hammad … - 2023

Book / Working Paper

Financial literacy and cash holdings in Turkey

Bilici, Mustafa Recep; Çevik, Saygın - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013368696

Money demand function : a not-so-fond farewell in the light of financial development

Adil, Masudul Hasan; Hatekar, Neeraj R.; Fatima, Sana; … - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013366431

The effects of political risk on foreign exchange demand : evidence from Zimbabwe

Benedict, Arthur; Mafika, Sithembile; Tutu, Kyei Baffour; … - 2022

The political climate of any country has become one of the pillars of decision-making for investment and any other financial business. Zimbabwe is one of the countries that have experienced political instability for the longest time. Many studies have looked at the impact of political risk on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013398090

Currency demand at negative policy rates

Rainone, Edoardo - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013192022

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Currency Demand at Negative Policy Rates

Rainone, Edoardo - 2022

Book / Working Paper

Effects of bank branch/ATM consolidations on cash demand : evidence from bank account transaction data in Japan

Ueda, Kozo - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014545470

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Effects of bank branch/ATM consolidations on cash demand : evidence from bank account transaction data in Japan

Ueda, Kozo - 2022

Book / Working Paper

Modelling opportunity cost effects in money demand due to openness

Van Huellen, Sophie; Qin, Duo; Lu, Shan; Wang, Huiwen; … - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012814857

Central bank digital currency : a review and some macro-financial implications

Chen, Hongyi; Siklos, Pierre L. - 2022

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013455937

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Central bank digital currency : a review and some macro-financial implications

Chen, Hongyi; Siklos, Pierre L. - 2022

Book / Working Paper

Short-term effects of productive credit, savings and money demand on Ecuador's economic growth, 2006-2020

Urdaneta Montiel, Armando; Borgucci Garcia, Emmanuel Vitorio - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015414329

Money demand function in ECOWAS: Insights from second- generation panel data analysis

Odeleye, Anthonia Taye; Ukudo, Bartholomew A.; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015467059

Transactional demand for central bank digital currency

Nocciola, Luca; Zamora-Pérez, Alejandro - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014543681

Estimating the welfare costs of very high inflations and hyperinflations

Benati, Luca; Nicolini, Juan Pablo - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014494959

Prices and money in the early modern period in Spain: Fresh evidence from new data, 1492 - 1810

Congregado, Emilio; Esteve García, Vicente; Prats, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193979

Money in the search for a nominal anchor

Ireland, Peter N. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015064975

Financial development, money demand, and currency internationalization : based on a multidimensional globalization perspective

Wang, Xiaoyong; Liu, Dapeng; Zhang, Panpan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015061696

A feasible approach to projecting household demand for the digital ruble in Russia

Griščenko, Vadim; Ponomarenko, Alexey; Seleznev, Sergey - 2024

We estimate a model of household use of alternative payment instruments (cash and bank cards) using a new dataset from a survey of Russian households. In our model, household preferences are determined by the perceived attributes of these instruments, and hence their choice regarding payment...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014635368

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