Demand for Currency in an International Perspective

Abstract

As appears from Chapter 1, in the Netherlands the use of most of the alternative payments media is either of too recent origin or on too limited a scale to enable measurement of its impact on currency demand on a macro level. This conclusion also appears from the scarce currency demand studies for other countries that try to capture the effects of new payments media on a macro level 1). As yet, measurement of their impact on the basis of micro data as was performed in Chapter 2 seems the most promising alternative. An alternative way is to pool the data of countries, and thus to derive from the differences between countries and the developments per country information on the effects on the demand for currency.