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Foreign demand for euro banknotes

Laure Lalouette, Alejandro Zamora-Pérez, Codruta Rusu, Nikolaus Bartzsch, Emmanuelle Politronacci, Martial Delmas, António Rua, Marco Brandi and Martti Naksi

No 253, Occasional Paper Series from European Central Bank

Abstract: In order to understand why there is a continuous increase in euro banknote circulation even though the use of cash for transactions is decreasing in the euro area – a phenomenon known as the paradox of banknotes – the members of the Overseas workstream of the Eurosystem Research Network on Cash (EURECA) have conducted a study on the foreign demand for euro banknotes. The results of this study are based on desk research using data collected in the Eurosystem and from other organisations, and using both proven and innovative techniques. JEL Classification: E41, E47, E49, E59, F24

Keywords: banknotes; currency substitution; euro; euroisation; foreign demand for money; hoarding; remittances (search for similar items in EconPapers)
Date: 2021-01
New Economics Papers: this item is included in nep-eec, nep-mac, nep-mon and nep-pay
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