Lalouette, Laure Zamora-Pérez, Alejandro Rusu, Codruta Bartzsch, Nikolaus Politronacci, Emmanuelle Delmas, Martial Rua, António Brandi, Marco Naksi, Martti
Year of Publication:
ECB Occasional Paper No. 253
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.
euro banknotes foreign demand for money euroisation currencysubstitution hoarding remittances