Cash: New International Evidence, Banco de la República de Colombia, Discussion Paper
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Ashworth, J & C A E Goodhart (2020), The Surprising Recovery of Currency Usage,
International Journal [...] an Bedeutung verlieren, sowohl im weltweiten Maßstab als auch
in den Emissionsländern der international nachfragten Sorten (USD, EUR, CHF, GBP und JPY) als klar
widerlegt angesehen werden kann. [...] banknotes, in:
Deutsche Bundesbank (Hg.), War on cash: Is there a future for cash?, Tagungsband
"International Cash Conference 2017", Seiters, Frankfurt am Main, 200-248.
Krüger, M. & F. Seitz (2017)
Seitz, Gerhard Rösl und Nikolaus Bartzsch
31 Labour Market Institutions and Unemployment. An International Comparison
von Horst Rottmann und Gebhard Flaig
32 The Rule of the IMF in the European Debt [...]
42 DO UNEMPLOYMENT BENEFITS AND EMPLOYMENT PROTECTION INFLUENCE
SUICIDE MORTALITY? AN INTERNATIONAL PANEL DATA ANALYSIS
von Horst Rottmann
page
43 Die neuen europäischen Regeln
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Jordà, Ò., Schularick, M., Taylor, A.M., 2015. Betting the House. Journal of
International Economics 96, 2–18.
Kerssenfischer, M., 2019. Information Effects of Euro Area Monetary Policy: [...] Journal of Economic Perspectives 32, 31–58.
9
page
Appendix
A Data
Bank of international Settlements:
� Nominal house prices, index 2010 = 100
Q:XX:N:628
Eurostat:
� Gross [...] policy shocks that reflect a monetary loosening. Real house prices are
taken from the Bank of International Settlements and are calculated by using the harmonized consumer price index. All models are
the global financial crisis, which was linked to a fragile banking sector and the
loss of international price competitiveness.
While no compelling inferences can be made as to the driving force of [...] Finally,
Born et al. (2018) assess, in a large panel of countries, the disciplining effect of
international debt markets by enforcing government expenditure cuts. They find
that government expenditures [...] ’Troika’, that is a group
of institutions including the European Commission, the ECB and the International
Monetary Fund, which also developed and negotiated the programmes for structural
reforms
Englisch- (Cronbachs α
= 0.64) und Matrizen-Kompetenztest (Cronbachs α = 0.67) gegeben ist. Die
interne Konsistenz des Deutsch-Kompetenztests (Cronbachs α = 0.22) und
die Trennschärfen (Trennschärfe [...] Seitz, Gerhard Rösl und Nikolaus Bartzsch
31 Labour Market Institutions and Unemployment. An International Comparison
von Horst Rottmann und Gebhard Flaig
32 The Rule of the IMF in the European Debt [...]
42 DO UNEMPLOYMENT BENEFITS AND EMPLOYMENT PROTECTION INFLUENCE
SUICIDE MORTALITY? AN INTERNATIONAL PANEL DATA ANALYSIS
von Horst Rottmann
43 Die neuen europäischen Regeln zur Sanierung
financial market
crises, natural disasters) and their effects on the demand for cash in an international context. It
becomes evident that over the past 30 years cash demand always increased in times [...] Winchcombe as well as the participants of a seminar hosted
by the Central Bank of Canada, the 5th international Cash conference of the Deutsche Bundesbank, the "Future
of Cash" Conference Asia and the 10th [...] dominant factor.
Regarding the demand for cash during the Covid-19 pandemic, interesting international
similarities show up. All countries analyzed were heavily hit by the SARS-CoV-2 virus in the
Fac-
tors in International Stock Markets: A Guide with Applications.” SSRN Electronic
Journal, https://doi.org/10.2139/ssrn.1738315.
. 2019. “Common risk factors in international stock markets.” [...] “Quality of government institutions and
spreads on sovereign credit default swaps.” Journal of International Money and
Finance 87:82–95. issn: 02615606. https://doi.org/10.1016/j.jimonfin.2018.05.008 [...] Financial Economics 116
(1): 1–22. https://doi.org/10.1016/j.jfineco.2014.10.010.
. 2017. “International tests of a five-factor asset pricing model.” Journal of
Financial Economics 123 (3): 441–463
on the effects of a harmonization of EU cash payments limits on illicit activities
and the internal market, and a public consultation, the EU Commission stopped the
3 In addition, there are [...] access to ordinary
central bank accounts. According to the latest survey by the Bank for International
Settlement, 90% of 80 surveyed central banks are currently engaged in CBDC work, mainly
[...] Seitz, Gerhard Rösl und Nikolaus Bartzsch
31 Labour Market Institutions and Unemployment. An International Comparison
von Horst Rottmann und Gebhard Flaig
32 The Rule of the IMF in the European Debt
a summary of the current situation by basing their article on concrete
examples from the international and worldwide crisis years from 2020 to 2022.
Within the business ethics analysis, Schulte [...] Seitz, Gerhard Rösl und Nikolaus Bartzsch
31 Labour Market Institutions and Unemployment. An International Comparison
von Horst Rottmann und Gebhard Flaig
32 The Rule of the IMF in the European Debt [...]
42 DO UNEMPLOYMENT BENEFITS AND EMPLOYMENT PROTECTION INFLUENCE
SUICIDE MORTALITY? AN INTERNATIONAL PANEL DATA ANALYSIS
von Horst Rottmann
page
43 Die neuen europäischen Regeln
Seitz, Gerhard Rösl und Nikolaus Bartzsch
31 Labour Market Institutions and Unemployment. An International Comparison
von Horst Rottmann und Gebhard Flaig
32 The Rule of the IMF in the European Debt [...]
42 DO UNEMPLOYMENT BENEFITS AND EMPLOYMENT PROTECTION INFLUENCE
SUICIDE MORTALITY? AN INTERNATIONAL PANEL DATA ANALYSIS
von Horst Rottmann
page
43 Die neuen europäischen Regeln
Toolkit, and Cookbook.” In Handbook of International Economics,
edited by Gita Gopinath, Elhanan Helpman, and Kenneth Rogoff, 4:131–195. Hand-
book of International Economics. Elsevier. https://doi.o [...] can hedge against bad climate
news. Additionally, Choi, Gao, and Jiang (2020) show in their international sample
1. Pedersen, Fitzgibbons, and Pomorski (2021) describe three types of investors. ESG-aware [...] significant abnormal returns around February 24,
2022. Federle et al. (2022) observed in their international sample, covering firms from
2
page
54 countries, that the proximity to the conflict
The authors sum
up the youngest political decisions in Germany and discuss them in their international contexts.
Concrete examples are ment to explain economical problems and chances in one. [...] Seitz, Gerhard Rösl und Nikolaus Bartzsch
31 Labour Market Institutions and Unemployment. An International Comparison
von Horst Rottmann und Gebhard Flaig
32 The Rule of the IMF in the European Debt [...]
42 DO UNEMPLOYMENT BENEFITS AND EMPLOYMENT PROTECTION INFLUENCE
SUICIDE MORTALITY? AN INTERNATIONAL PANEL DATA ANALYSIS
von Horst Rottmann
page
43 Die neuen europäischen Regeln
Unser, M. (2002): Finanzwirtschaftliches
Risikomanagement, 2nd ed.
Ong, Michael, K. (1999): Internal Credit Risk Models. Capital Allocation
and Performance Measurement, Risk Books.
Schularick [...] Seitz, Gerhard Rösl und Nikolaus Bartzsch
31 Labour Market Institutions and Unemployment. An International Comparison
von Horst Rottmann und Gebhard Flaig
32 The Rule of the IMF in the European Debt [...]
42 DO UNEMPLOYMENT BENEFITS AND EMPLOYMENT PROTECTION INFLUENCE
SUICIDE MORTALITY? AN INTERNATIONAL PANEL DATA ANALYSIS
von Horst Rottmann
page
43 Die neuen europäischen Regeln
crisis (Deutsche Bundesbank 2018). In
the four largest economies (Italy, France, Spain and Germany), internal financing has increased
sharply and been subject to only minor fluctuations. In comparison, external [...] where ch
t is household consumption in t, lt is hours worked; γ measures the importance
of (internal) habit formation, β is the discount factor, ψ denotes the weight on labour,
and η denotes the inverse [...] Nevertheless, the effect on output is negligible since well-capitalised entrepreneurs
can rely on internal finance, which reduces demand for bonds because their equity
increases sufficiently.
4.2 Leverage
for International Settlements
(2020). Central bank digital currencies: Foundational principles and core features (1; Series
of Collaborations from a Group of Central Banks). Bank for International Settlement [...] seminar was then held in
Istanbul on 6 November, bringing together a multidisciplinary panel of international
specialists:
• Héctor Labat, Research Fellow, CashEssentials
• Tim Stuchtey Brandenburg [...] digital currencies: Drivers,
approaches and technologies (880; BIS Working Papers). Bank for International
Settlements.
Bank of Canada, ECB, Bank of Japan, Sveriges Riksbank, Swiss National Bank
weaponized to promote non-cash payments, even if the level of these
fees varies significantly internationally. Ron Delnevo, the Chair of the Payment Choice Alliance,
made this point very clearly and [...] 23,
July.
Ashworth, J. & C. Goodhart (2020), The Surprising Recovery of Currency Usage, International
Journal of Central Banking 16, 239-277.
Assenmacher, K., F. Seitz & J. Tenhofen (2017), The [...] in: Deutsche Bundesbank (ed.), War on cash: Is there a future for cash?,
conference volume "International Cash Conference 2017", Seiters, Frankfurt am Main, 148-
196.
Assenmacher, K., F. Seitz & J
extrem ausgeprägt. Aber auch
page
17
generell scheint dieses Vorsichtssparen international eine empirische Gesetzmäßigkeit zu sein
(siehe z. B. Levenko, 2020).17
In Abbildung 5 [...] University Press.
Levenko, N. (2020), Perceived uncertainty as a key driver of household saving, International
Review of Economics and Finance 65, 126–145.
Mankiw, N.G. (2022), Macroeconomics, 11th edition [...] Seitz, Gerhard Rösl und Nikolaus Bartzsch
31 Labour Market Institutions and Unemployment. An International Comparison
von Horst Rottmann und Gebhard Flaig
32 The Rule of the IMF in the European Debt
has declined and fiscal positions have improved. While Afri-
can countries are still affected by internal and external shocks the continent has also shown a
remarkable resilience to such shocks. At the [...] 2013). An increased resilience of African countries
against external shocks and less frequent internal shocks such as political or military conflicts
may also have contributed to lower growth volatility [...] Seitz, Gerhard Rösl und Nikolaus Bartzsch
31 Labour Market Institutions and Unemployment. An International Comparison
von Horst Rottmann und Gebhard Flaig
32 The Rule of the IMF in the European Debt
Roffia (2013), Euro Area Money Demand and
International Portfolio Allocation: A contribution to assessing risks to price stability,
Journal of International Money and Finance 32, pp 377-404.
Dreger [...] Euro Area,
Journal of International Money and Finance 29, pp. 111-122.
Evans, Martin D. D. (2005), Where Are We Now? Real-Time Estimates of the
Macroeconomy, International Journal of Central Banking [...]
Canova, F. & T. Menz (2011), Does Money Matter in Shaping Domestic Business
Cycles? An International Investigation, Journal of Money, Credit and Banking 43, pp.
577-607.
Canova, F. & F. Ferroni
Roffia (2013), Euro Area Money Demand and
International Portfolio Allocation: A contribution to assessing risks to price stability,
Journal of International Money and Finance 32, pp 377-404.
Dreger [...] Euro Area,
Journal of International Money and Finance 29, pp. 111-122.
Evans, Martin D. D. (2005), Where Are We Now? Real-Time Estimates of the
Macroeconomy, International Journal of Central Banking [...]
Canova, F. & T. Menz (2011), Does Money Matter in Shaping Domestic Business
Cycles? An International Investigation, Journal of Money, Credit and Banking 43, pp.
577-607.
Canova, F. & F. Ferroni
Roffia (2013), Euro Area Money Demand and
International Portfolio Allocation: A contribution to assessing risks to price stability,
Journal of International Money and Finance 32, pp 377-404.
Dreger [...] Euro Area,
Journal of International Money and Finance 29, pp. 111-122.
Evans, Martin D. D. (2005), Where Are We Now? Real-Time Estimates of the
Macroeconomy, International Journal of Central Banking [...]
Canova, F. & T. Menz (2011), Does Money Matter in Shaping Domestic Business
Cycles? An International Investigation, Journal of Money, Credit and Banking 43, pp.
577-607.
Canova, F. & F. Ferroni
Roffia (2013), Euro Area Money Demand and
International Portfolio Allocation: A contribution to assessing risks to price stability,
Journal of International Money and Finance 32, pp 377-404.
Dreger [...] Euro Area,
Journal of International Money and Finance 29, pp. 111-122.
Evans, Martin D. D. (2005), Where Are We Now? Real-Time Estimates of the
Macroeconomy, International Journal of Central Banking [...]
Canova, F. & T. Menz (2011), Does Money Matter in Shaping Domestic Business
Cycles? An International Investigation, Journal of Money, Credit and Banking 43, pp.
577-607.
Canova, F. & F. Ferroni
Service strategies within the manufacturing sector:
benefits, costs and partnership, in: International Journal of Service
Industry Management, 12 Jg. (2001), Nr. 5, S. 451-475.
[11] Müller [...] Seitz, Gerhard Rösl und Nikolaus Bartzsch
31 Labour Market Institutions and Unemployment. An International Comparison
von Horst Rottmann und Gebhard Flaig
32 The Rule of the IMF in the European Debt
Office of International Affairs (2013), Report to the Congress
on International Economic and Exchange Rate Policies, available at:
http://www.treasury.gov/resource-center/international/exchange-rate- [...] coalition could
adopt measures in reaction to international pressure that could weaken the German export sector
and Germany as an international business location (Handelsblatt, 2014).
[...] ennachfrage-
familienunternehmer-attackieren-spd/9580216.html.
IMF (International Monetary Fund) (2014), International Financial Statistics Online, available at:
http://www.imf.org
Jost
Ramadorai (2016), International Comparative Household
Finance, Annual Review of Economics 8, 111-144.
Badarinza, C., J. Campbell & T. Ramadorai (2017), What Calls to ARMs? International
Evidence on Interest [...] einer festen Zinsbindung gegenüber einer
variablen Verzinsung bei Immobilienfinanzierungen international sehr unterschiedlich ist.4
Uneinigkeit herrscht allerdings in der Literatur darüber, wie die [...] page
21
Rachel, L. & T. D. Smith (2017), Are Low Real Interest Rates Here to Stay?, International
Journal of Central Banking 13(3), 1-42.
Rampini, A. & S. Viswanathan (2016), Household Risk