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producer Acrobat Distiller [...] Konsolidierte Bilanz des Eurosystems
zum 31. Dezember 2014, 2015, https://www.ecb.europa.eu/pub/pdf/
other/eurosystembalancesheet2014.de.pdf.
9 Vgl. Board of Governors of the Federal Reserve System: Quarterly
one controls
for a number of other influences. We also evaluate the out-of-sample forecasting performance of
different classes of VAR models comprising real M1, GDP and other indicators, using as
benchmark [...] effect as “an increase in the quantity of money, other things being held
constant, [that] influences the demand for a commodity just like any other increase in wealth”.
There has been a long debate [...] into account, there is little evidence that other variables like anticipated or lagged changes in
income, stock prices, government purchases or any other variable that might influence uc or serve as a
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F. Seitz ()
Ostbayerische Technische Hochschule Weiden,
Weiden, Deutschland
E-Mail: f.seitz@oth-aw.de
K.-H. Tödter
Bundesbankdirektor a.D.,
Eschborn, Deutschland
E-Mail: kh.toedter@t-online.de
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times challenge the Fed`s emphasis of one objective over the other – in particular
whenever the policy of maintaining price stability appears in the short run to be
true
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access_p [...] and especially to foreign
demand for euro banknotes. This foreign demandmay
originate from other euro area countries or from non-
euro area countries. In what follows, we try to capture
demand [...] countries and an additional blanket amount for prob-
able positive net exports of euro banknotes via other
channels (e.g. tourism or money sent home by foreign
workers) to estimate that foreign demand
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Author Nikolaus Bartzsch [...] the euro area, the environment is still more
complicated as issues of one country may migrate
to other euro area countries in which they are
perfect substitutes. Transaction balances usually
are made up [...] to gauge the volume of €5 and €10 banknotes
outside the euro area.
CONTACT Franz Seitz f.seitz@oth-aw.de Weiden Technical University of Applied Sciences, Hetzenrichter Weg 15, Weiden D-92637, Germany
Applied Sciences (OTH) Regensburg, Seybothstrasse
2, D-93053 Regensburg, E-Mail: gerhard.roesl@oth-regensburg.de.
** Prof. Dr. Franz Seitz, Technical University of Applied Sciences (OTH) Weiden, Hetzenrichter [...] or other types of data transmission). Commercial bank 1 debits the deposit
16 The ECB speaks of a “hardware-based” e-money scheme since both devices communicate offline with
each other. By contrast [...] 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
Leere Seite
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pdf:docinfo:cu [...] che Technische Hochschule Weiden, Hetzenrichter Weg 15, 92637 Weiden, Deutschland
E-Mail: f.seitz@oth-aw.de
K
annotation https://doi.org/10.1365/s41056-019-00029-w https://doi.org/10.1365/s41
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
Leere Seite
acroform
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access_permission: [...] University of Applied Sciences, Hetzenrichter Weg 15, D-92637 Weiden, Germany; e-mail:
f.seitz@oth-aw.de.
page
- 1 -
1. Introduction
One of the greatest challenges of empirical
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area countries.
As in other countries, there are no statistics that directly record
the volume of cash in circulation outside Germany or in hoards.
There are, however other primary statistics (e.g. [...] or_accessibility true
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and sharing with colleagues.
Other uses, including reproduction and distribution, or selling or
licensing copies, or posting to personal
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access_permission:extract_content [...] balances. Moreover, the €50 banknote may probably be the smallest denomination
that is used (amongst other things) for hoarding purposes.3
With respect to the optimal determinants of cash use, our findings [...] motive seems to be of little importance for the large denominations. Besides house
prices, no other transactions variable appears in the equations.
− Second, in contrast to total cash issues,
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pdf:docinfo:producer PDF [...] students at such institutions. Moreover, this book is intended also for persons working at
banks and other financial sector institutions who seek to deepen their knowledge of European
monetary policy.
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93053 Regensburg,
gerhard.roesl@oth-regensburg.de; Franz Seitz, Ostbayerische Technische Hochschule Weiden, Hetzenrichter
Weg 15, 92637 Weiden, f.seitz@oth-aw.de; Karl-Heinz Tödter, Bundesbankdirektor [...] or_accessibility true
Creation-Date 2017-04-18T10:49:33Z
resourceName /var/www/public/files/oth-aw/Professoren/Seitz/rome-wp-2017-06_Besser_ohne_Bargeld.pdf
Author user
producer GPL Ghostscript [...] analysis and
conclusions set forth are those of the author(s) and do not indicate concurrence by other members of
the research network ROME. Any reproduction, publication and reprint in the form of a
A.2b: Securities
P.2: Liabilities against credit institutions
A.3: Other factors P.3: Other factors
The monetary policy instruments impact either the asset side or the liability [...] 555.2
P.2: Liabilities 19.0
(against credit institutions)
A.3: Other factors 31.8 P.3: Other factors 31.0
Source: Blenck et. al., 2001, annex 2.
Chart 3: Eurosystem´s [...] 78.5
P.2: Liabilities 116.7
(against credit institutions)
A.3: Other factors 85.8 P.3: Other factors 300.0
Source: Blenck et. al., 2001, annex 2.
page
15
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