17Z
Microsoft Word - FLORIDA2005-Kurzweil.DOC
page
1
Proceedings: The 15th International Seminar On Double Layer Capacitors,
Deerfield Beach, FL., U.S.A., December 5-7, 2005.
evidence of a shift from transactional to non-transactional demand for
cash over time.
5 In an international study (including France) Bagnall et al. (2016) find significant cross-country differences with [...] the unemployment rate, the corruption perception index for
France provided by Transparency International and different tax variables (direct and
indirect taxes, taxes of households and firms). [...] for the case of France as well as Ashworth & Goodhart, 2021, and Rösl & Seitz,
2021, for an international perspective). Interestingly, this is not only true for large, but also
for small denominations
Manuscript, Department of Economics, University of Western Ontario.
biblio-Entry Bank for International Settlements (1997), The Evolution of Central Banking, chapter VIII of Annual Report No. 67, Basle [...] Haldane, A.G. / King, M.A. (1995), Independence and Accountability, Paper prepared for the 7th International Conference of the Institute for Monetary and Economic Studies, Bank of Japan, Tokyo, 26-27 October [...] Transparency and Control in Monetary Policy, Board of Governors of the Federal Reserve System, International Finance Discussion papers No. 651.
biblio-Entry Fischer, S. (1994), Modern Central Banking
and 38 countries, respectively, Karras (1996a, 1996b) presents evidence for asymmetries in an international context. Moreover, he does not only find asymmetric effects on GDP but also on consumption and [...] inflation (Ball/Mankiw 1994). Caballero/Engel (1992) show that these price rigidities are an international phenomenon. But the results of a recent business survey cast doubt on an asymmetric price setting [...] Vol. 40, pp. 501-533
s1 Ammer, J., Brunner, A. (1995), When is Monetary Policy Effective?, International Finance Discussion Paper No. 520, Board of Governors of the Federal Reserve System, Washington
System. International Finance discussion papers 657.
EHI Retail Institute. (2010). Kartengestützte Zahlungssysteme im Einzelhandel,
Cologne.
European Central Bank. (2011 July). The international role [...] The test statistic is asymptotically
standardized normal with 95% critical values of ±1.96.
international reputation of the euro and unstable developments
in the destination countries. Hence, foreign [...] France (D billion).
transactions at POS terminals is comparable (for more details,
see Bank for International Settlements, 2009).
- The size of the shadow economy, in which most transactions are
settled
System. International Finance discussion papers 657.
EHI Retail Institute. (2010). Kartengestützte Zahlungssysteme im Einzelhandel,
Cologne.
European Central Bank. (2011 July). The international role [...] The test statistic is asymptotically
standardized normal with 95% critical values of ±1.96.
international reputation of the euro and unstable developments
in the destination countries. Hence, foreign [...] France (D billion).
transactions at POS terminals is comparable (for more details,
see Bank for International Settlements, 2009).
- The size of the shadow economy, in which most transactions are
settled
design of biomass furnaces with
CFD analysis-a new Multifuel-Low-NOx furnace as example, 6th International Conference
on Industrial Furnaces and Boilers, Estoril, Portugal, 2001
10) Oser, M. et al
ein
großes Einstellungshemmnis und führt da-
zu, dass der Anteil der Langzeitarbeitslo-
sen im internationalen Vergleich enorm
hoch liegt. Zudem sollte die Politik die Ta-
rifparteien dazu verpflichten, in
wirtschaftspolitischen Eingriffen auf
den internationalen Finanzmärkten wird im Kapitel 5 die Frage nach der Notwendigkeit
von regulierten internationalen Kapitalströmen aufgegriffen. Abschließend werden [...] der Risikoverteilung steigen
die Vorteile aus einer internationalen Diversifikation von Wertpapierportfolios mit der
page
Internationale Kapitalströme vor dem Hintergrund der Finanzkrise 327 [...] Industrieländer im internationalen Kapitalverkehr, (c)
die zunehmende Bedeutung der Schwellenländer und (d) die steigende Verästelung der
Kapitalströme.
page
Internationale Kapitalströme vor
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
cycles. International Journal of Forecasting, 16,
39–58.
Judson, R. (2012). Crisis and calm: Demand for U.S. currency at home and abroad from the fall of the Berlin wall to 2011. International finance [...] positive effects of credit growth to the non-financial
sectors in the United States on (national and international) output growth (see, e.g. Gambetti & Musso, 2016; Lown &
Morgan, 2006; Xu, 2012). Additionally [...] Our forecasting
horizon ranges from h = 1,. . .,8 quarters. In order to control for the 2007–09 international financial crisis, which might have
created a structural break and changed the relationship between
en des Zahlungsverkehrs. Ferner
unterstützt das Eurosystem die zuständigen (nationalen und internationalen) Behörden
auf dem Gebiet der Bankenaufsicht und der Stabilität des Finanzsystems. Die Aufgaben [...] / LAUBACH, T. / MISHKIN, F.S. / POSEN, A.S. (1999): Inflation Targeting – Lessons
from the International Experience, Princeton.
BERNANKE, B. / MISHKIN, F. (1992): Central Bank Behavior and the Strategy [...] Bundesbank and ECB
Monetary Policy Rules, Board of Governors of the Federal Reserve System, International Fi-
nance Discussion Papers No. 705, http://www.federalreserve.gov, Mai 2002.
FEDERAL RESERVE
S. and M. Melvin (2001), International Economics, 5th ed., Boston et al.: Addison Wesley.
litver Obstfeld , M. and K. Rogoff (1996), Foundations of International Macroeconomics, Cambridge (MA): [...] w.ecb.int).
litver Chinn , M.D. and R. Alquist (2000), Tracking the Euro’s Progress, International Finance 3, 357–373.
litver Deutsche Bank Research (2001) Euro Pushed Down by Eastern Europe
narrowly related to special
characteristics of currency, e.g. its anonymity and secrecy.5 An international comparison of
currency demand equations including socio-economic factors is presented by Kenny [...] et al., 2002, for Italy and Goodhart/Krueger, 2001, as well as Snellman et
al., 2000, for an international comparison including several EU countries.
9
ECB
Work ing Paper Ser ie s No . 330
April [...] n in the euro area within the operational framework of
the Eurosystem.
13 On the possible international role of the euro and the dollar, see for instance Cohen, 1996, Cohen, 1998, and
Müller, 1999
serve System, Washington, S. 207-262
International Monetary Fund, International Financial Statistics, Washington, verschiedene Jahr-
gänge
International Monetary Fund (1994), Lebanon - Economic [...] (for
example, the per capita cash holdings or the velocity of circulation of cash). Both
international cross-sectional comparisons and purely national conditions indicate that there
are certain [...] is done on the basis of the DM-US dollar exchange rate. On the one hand, this reflects the
international strength of the Deutsche Mark. On the other hand, the Deutsche Mark (in
countries in which
about a need for a third international rescue package for Greece and a newly elected
Greek Government which expressively refused structural reforms demanded by its
international creditors resulted in [...] trend over the past 30 years.
Figure 5: Small and large banknote denominations in circulation international (USD bn.)
0
500
1,000
1,500
2,000
2,500
3,000
3,500
90 92 94 96 98 [...] and analyse the demand for small and large
banknote denominations since the 1990ies in an international perspective. Hereby, three
prominent examples for each of the type of a global crisis were
(international foreign currency traders) to countries outside the euro area. These net
shipments correspond to the difference between the outpayments by the Bundesbank to
international foreign [...] Board of Governors of the Federal Reserve System,
International Finance Discussion Papers 657.
European Central Bank (2014), The international role of the euro, July.
Fischer, B, P Köhler & F [...] foreign currency traders and the inpayments by the international foreign
currency traders at the Bundesbank. The estimated regional distribution of euro
banknotes issued in Germany estimated using
al. (2016) provides an international comparison.
2 Symptomatic is the title of Kenneth Rogoff’s (2016) book “The Curse of Cash“, former chief economist of the
International Monetary Fund. The head [...] advantages of cash can be found in Krüger und Seitz (2017).
19 Cf. Rösl (2006, 2007), for an international perspective see Harper (1948), Timberlake (1987) und Warner (2014).
page
8
[...] Stix (2016), Consumer
Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data, International
Journal of Central Banking, 1-61.
Bartzsch, N., G. Rösl and F. Seitz (2013), Currency
Moreover, only a short period to deposit these notes in
banks and post offices was provided (Cards International 2016).
Below, we will take up some of the issues that figure prominently in the dis-
cussion [...] merchants’ and consumers’ surveys (Fung /
Huyuh / Kosse 2017).
Table 2
Costs of Payments – International Overview (Cost per Transaction)
Cash Cards Debit Credit
US 2003 $54 2.18 1.07 1.16
[...] 75 % for households with an income of
less than €1,500 (Deutsche Bundesbank 2015, 35). In an international study, Ba-
gnall et al. (2016) find clear confirmation of the education effect, in particular
Publisher and distributor: Munich Society for the Promotion of Economic Research ‐ CESifo
GmbH
The international platform of Ludwigs‐Maximilians University’s Center for Economic Studies
and the ifo Institute [...] depend upon multiple
page
3
(2016) give a literature review on the finances of international crime organizations which shows
that cash is used in many crime activities. Therefore, re [...] (ed), The usage, costs and benefits of cash: Theory and evidence from macro
and micro data, International Cash Conference 2012, Bonifatius Druck und Buch Verlag,
15-45.
Rogoff, K S (1998), Blessing
for Switzerland", Genève.
Joines, D. H. (1985). "International Currency Substitution and the Income Velocity of Money", Journal of International Money and Finance, Vol. 4, No.3, pp. 303-316.
Johansen [...] or international mobility rather than CS; see e.g. Brillembourg/Schadler (1979), Cuddington (1983), Thomas (1985). McKinnon (1982) uses the term "indirect CS". In general, the term "(international) portfolio [...] it is probably above all the D-Mark that falls into this category because of its role as an international investment, reserve and anchor currency.� Variables which are able to capture these effects (in
Kartengestützte Zahlungssysteme im Einzelhandel.
Cologne.
European Central Bank, 2011a. The international role of the Euro. July.
European Central Bank, 2011b. Guideline of the ECB of 30 June 2011 amending
nicht nur Lob für die EZB-Geldpolitik.
Prof. Dr. Franz Seitz von der OTH Amberg-Weiden ist ein international gefragter Experte für Geldpolitik. Foto: Simon Gehr
Interview: Robert Torunsky
Foto: Simon
Disentangling the College Wage Premium: Estimating a Model
with Endogenous Education Choices. In: International Economic Review, Vol. 47, No. 4,
pp. 1151–1185.
Fitzenberger, Bernd; Osikominu, Aderonke; [...] Experience and Earnings Profiles
of Temporary and Permanent Immigrant Workers in Germany. In: Internationale Review of
Applied Economics, Vol. 8, pp. 130–156.
Liu, P. W.; Wong, Y. C. (1982): Educational
Katsoulacos (1986), Stoneman (1983), Hamermesh (1993), or for an
overview Petit (1995).
International Journal of Industrial Organization 29 (2011) 210–220
0167-7187/$ – see front matter © 2010 [...] reserved.
doi:10.1016/j.ijindorg.2010.05.004
Contents lists available at ScienceDirect
International Journal of Industrial Organization
j ourna l homepage: www.e lsev ie r.com/ locate / i j io [...] system is the “Classification of Economic Activities in the
European Community” and similar to the international ISIC code system (“Interna-
tional Standard Industrial Classification of all Economic Activities”)