Currency in Circulation: Reaction in Crises

Hotovost v oběhu: reakce na krizové situace

Jan Cimburek and Pavel Řežábek

Český finanční a účetní časopis, 2013, vol. 2013, issue 3, 62-72

Abstract: Study analyzes behavior of payment instruments users in the case of crises on the Czech Republic data. Based on the decomposition of cash demand for transactions and hoarding demand used with the help of available data and selected indicators (nominal value decomposition, banknotes in circulation average value, interannual cash cycle comparison or cash to GDP ratio) this study confirms research question that cash fulfills its role of safe and liquid asset and qualitative factors of cash demand have a significant impact on the demand for cash in circulation and its emission especially in the times of crises.

Keywords: Currency in circulation; Cash demand; Financial crisis; Banknotes; Hotovost v oběhu; Poptávka po penězích; Finanční krize; Bankovky (search for similar items in EconPapers)
JEL-codes: E40 E50 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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DOI: 10.18267/j.cfuc.358

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