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Cash in the age of payment diversity International Cash Conference 2019
8 MB, PDF
The conference volume comprises a wide variety of cash related research papers, which were presented and discussed at the International Cash Conference 2019.
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US business cycle dynamics at the zero lower bound Discussion paper 65/2020: Gregor Boehl, Felix Strobel
5 MB, PDF
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Demographic change and the German current account surplus Discussion paper 64/2020: Matthias Schön
1 MB, PDF
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Cash use in Germany Cash hoarding by German households – an empirical analysis of how much cash they store and why
Estimates by the Bundesbank suggest that banknotes worth around €268 billion were in circulation in Germany in 2018. Of that amount, roughly 20% was used directly for transactions. The other, far larger share – somewhere in the region of €200 billion – was being hoarded, i.e. stored for an extended period of time by households and firms.
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Buried in the vaults of central banks – Monetary gold hoarding and the slide into the Great Depression Discussion paper 63/2020: Sören Karau
1 MB, PDF
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Monthly report - December 2020
The December 2020 edition of the Monthly Report outlines Germany’s economic outlook for 2021 to 2023 and explores the informative value of national fiscal indicators in the case of debt at the European level. In addition, it describes the national implementation of the European banking package in Germany through the Risk Reduction Act (Risikoreduzierungsgesetz – RiG) and analyses the profitability and financing of German enterprises in 2019.