Economics at your fingertips  

Forecasting banknotes

Mohamed Afzal Norat

in Handbooks from Centre for Central Banking Studies, Bank of England

Abstract: A central bank's liquidity forecast is important in ensuring that it supplies the banking system;s need for central bank money. Banknote (or currency in circulation) demand is the largest and for some central banks the most variable component of the liquidity forecast. Accurate forecasting of banknotes is essential in ensuring an accurate liquidity forecast and in turn effective monetary policy implementation. This Handbook discusses these issues and outlines a structural time series state space (STSSS) model which is now used by central banks including the Bank of England and ECB to forecast banknotes (currency in circulation).

Keywords: Forecasting; banknotes (search for similar items in EconPapers)
JEL-codes: E41 E51 (search for similar items in EconPapers)
Date: 2008
Edition: 1
ISBN: 1756-7262 (Print) 1756-7270 (online)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... oks/pdf/ccbshb28.pdf English version (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found ( [301 Moved Permanently]-->

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this book

More books in Handbooks from Centre for Central Banking Studies, Bank of England Contact information at EDIRC.
Bibliographic data for series maintained by Maria Brady ().

Page updated 2019-05-21
Handle: RePEc:ccb:hbooks:28