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producer Acrobat Distiller 5.0 [...] amount of currency used for hoarding purposes on the one hand and
transaction purposes on the other. Moreover, the amount of euro banknotes which has been
frontloaded or shipped in the first months [...] 2002. Some authors try to capture the amounts
of currency hoarded in the respective country,6 others analyse foreign holdings of specific
currencies, both from the point of view of a currency exporting
mailto:Joerg.Clostermann@thi.de mailto:Joerg.Clostermann@thi.de
annotation mailto:f.seitz@oth-aw.de mailto:f.seitz@oth-aw.de
page
2
1. Einleitung, Problemstellung, Überblick
In der Schweiz [...] Weiden i. d. OPf.,
Tel.: (0961) 382-0, Fax: (0961) 382-2991
• E-Mail: info@oth-aw.de | Internet: http://www.oth-aw.de
Leere Seite
[...] true
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access_permission:extract_content [...] It is generally perceived that these regulatory changes will favor the
purchase of bonds over other asset classes by pension funds and life insurance
corporations." (ECB, 2005, 23). As a result [...] rates, the speed of the decline in long-term yields which
occurred from mid-2004 may suggest that other temporary market factors related to
speculative behavior may also have played a role. The alleged
reserve currency.
As in other countries, there are no statistics that directly record the volume of cash in
circulation outside Germany. There are, however other primary statistics (e.g., on net [...] or_accessibility true
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are used for transactions in Germany. The rest is hoarded (10%), circulates in other euro area
countries (25%) or is held outside the euro area (45%).
German Abstract:
In dem
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therefore the latter will be used throughout this book. On the other hand, the issue of what monetary
policy strategy is adequate and the monetary transmission process [...] as it were. Therefore, in some places the
book needs to rely on plausible assumptions. On the other hand, we have tried to give the reader the
page
European Monetary Policy: Theory, Practice
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und Innovationsforschung ISI
Prof. Dr. Mandy Hommel
Ostbayerische Technische Hochschule
(OTH) Amberg-Weiden
Prof. Dr.-Ing. Lars Jänchen
Hochschule Emden/Leer
Dr. Ariane Kehlbacher
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pdf:docin [...] on unemployment in a panel of
19 OECD countries for the period 1960 to 2000. In contrast to many other studies, we use
long time series and analyze cyclically adjusted trend values of the unemployment [...] system increases unemployment and
especially unemployment persistence. Admittedly, there exist some other studies, which find
only weak evidence and attribute a much lower weight to labour market institutions
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Applied Sciences
(OTH) Regensburg (OTH) Weiden
Seybothstrasse 2 Hetzenrichter Weg 15
D-93053 Regensburg D-92637 Weiden
Germany Germany
email: gerhard.roesl@oth-regensburg.de [...] working
time on caring for his patients and not produce other goods and services such as his own food
or start teaching. This task is up to other specialized producers (farmers, teachers) which in
[...] banks’ customers, especially the first in line who are typically more
risk-averse than other depositors. In other words, by a sheer ample provision of cash at the
outbreak of a crisis, the trust in
resulting
from residents of other euro-area countries. This is because German banknotes are
perfect substitutes for other euro-area national issuances. In other words, the demand for
cash in [...] bartzsch@bundesbank.de mailto:nikolaus.bartzsch@bundesbank.de
annotation mailto:f.seitz@oth-aw.de mailto:f.seitz@oth-aw.de
page
1
Contents
1 Introduction .................................. [...] true
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D-93053 Regensburg,
gerhard.roesl@oth-regensburg.de; Franz Seitz, Weiden Technical University of Applied Sciences, Hetzenrichter
Weg 15, D-92637 Weiden, f.seitz@oth-aw.de; Karl-Heinz Tödter, Bundes [...] or_accessibility true
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producer Adobe Acrobat Pro 11.0.19 [...] abolishment or milder forms of cash restrictions would thus curtail crime much less than
hoped for.5 Other authors point to infringements of economic freedoms resulting from cash
restrictions: In a world
0*** 0.91
cash c Other countries 4.9*** -4.6*** 0.9 0.90
cash_la c All countries -5.0*** -32.2*** -5.0*** 0.87
cash_la c Big 4 -20.1*** -23.3*** -63.7 0.91
cash_la c Other countries -0.9 -1 [...] 0*** 0.90
cash_mi c Other countries 6.2*** -2.4** 20.7** 0.84
cash_sm c All countries -0.2 0.2 2.7 0.83
cash_sm c Big 4 -3.3 -4.6* 151.0*** 0.96
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Germany. This would then also have immediate implications for the other countries of the EMS. If, for example, the D-Mark is a substitute for other currencies, German monetary policy would sooner or later have [...] in stage 2 of EMU (on this see also e.g. Cassard et al., 1994, 1997). On the other hand, it would be less of a problem if other countries in the EMS, and not Germany, were affected by CS effects. As long [...] Comments
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