What can biology tell us about transaction balances?

Nikolaus Bartzsch and Franz Seitz

Applied Economics Letters, 2017, vol. 24, issue 5, 355-358

Abstract: The total cash issuance of a central bank consists of domestic transaction and hoarding balances as well as foreign demand. The different shares are not known exactly. The introduction of the new Europa series of banknotes in the euro area offers the opportunity to calculate transaction balances with the help of a biometric method. Our results indicate that transaction balances are very low.

Date: 2017
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DOI: 10.1080/13504851.2016.1192269

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