Níl an t-ábhar seo ar fáil i nGaeilge.
Publications on Currencies
- 21 June 2023
- PRESS RELEASERelated
- 21 June 2023
- THE INTERNATIONAL ROLE OF THE EURO
- 24 May 2023
- SPEECHOpening remarks by Christine Lagarde, President of the ECB, at the celebration to mark the 25th anniversary of the ECBEnglishOTHER LANGUAGES (23) +
- 25 April 2023
- PRESS RELEASE
- 30 January 2023
- PRESS RELEASEEnglishOTHER LANGUAGES (15) +
- 20 December 2022
- PRESS RELEASERelated
- 20 December 2022
- STUDY ON THE PAYMENT ATTITUDES OF CONSUMERS IN THE EURO AREA (SPACE)
- 31 October 2022
- SPEECHPresentation by Philip R. Lane, Member of the Executive Board of the ECB, at the Danmarks Nationalbank conference marking the 40th anniversary of the Danish fixed exchange rate regime
- 14 June 2022
- PRESS RELEASE
- 1 June 2022
- PRESS RELEASEEnglishOTHER LANGUAGES (21) +Related
- 1 June 2022
- SPEECHIntroductory statement by Fabio Panetta, Member of the Executive Board of the ECB, at the meeting of the Euro Accession Countries Working Group of the Committee on Economic and Monetary Affairs of the European Parliament
- 1 June 2022
- CONVERGENCE REPORTEnglishOTHER LANGUAGES (21) +
- 20 March 2022
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Frank Wiebe and Jan Mallien on 14 March
- 15 February 2022
- PRESS RELEASEAnnexes
- 15 February 2022
- ANNEX
- 14 February 2022
- SPEECHSpeech by Christine Lagarde, President of the ECB, at the plenary session of the European Parliament
- 28 January 2022
- PRESS RELEASEEnglishOTHER LANGUAGES (14) +
- 22 June 2021
- SPEECHLecture by Philip R. Lane, Member of the Executive Board of the ECB, at the Athens University of Economic and Business
- 15 June 2021
- SPEECHKeynote speech by Fabio Panetta, Member of the Executive Board of the ECB, at the Deutsche Bundesbank’s 5th International Cash Conference – “Cash in times of turmoil”
- 2 June 2021
- PRESS RELEASE
- 9 April 2021
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Tim Bartz and Stefan Kaiser on 1 April and published on 9 April 2021, in print on 10 April 2021
- 25 March 2021
- THE ECB BLOGBlog post by Fabio Panetta, Member of the Executive Board of the ECB, and Ulrich Bindseil, ECB Director General Market Infrastructure and PaymentsRelated
- 30 November 2022
- THE ECB BLOG
- 13 July 2022
- THE ECB BLOG
- 19 November 2021
- THE ECB BLOGBlog post by Fabio Panetta, Member of the Executive Board of the ECB
- 14 July 2021
- THE ECB BLOGBlog post by Fabio Panetta, Member of the Executive Board of the ECB
- 2 December 2020
- THE ECB BLOGBlog post by Fabio Panetta, Member of the Executive Board of the ECBEnglishOTHER LANGUAGES (15) +
- 2 October 2020
- THE ECB BLOGBlog post by Fabio Panetta, Member of the Executive Board of the ECB
- 10 February 2021
- SPEECHSpeech by Fabio Panetta, Member of the Executive Board of the ECB, at a Bruegel online seminar
- 16 December 2020
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, as part of the seminar series “Havarie Europa. Zur Pathogenese europäischer Gegenwarten” at the Hamburg Institute for Social Research (Hamburger Institut für Sozialforschung)
- 2 December 2020
- PRESS RELEASEEnglishOTHER LANGUAGES (14) +Related
- 2 December 2020
- OTHER PUBLICATION
- 28 November 2020
- INTERVIEWInterview with Yves Mersch, Member of the Executive Board of the ECB, conducted by Marie Charrel and Eric Albert
- 22 October 2020
- SPEECHKeynote speech by Fabio Panetta, Member of the Executive Board of the ECB, at the ECB Conference “A new horizon for pan-European payments and digital euro”
- 12 October 2020
- SPEECHIntroductory statement by Fabio Panetta, Member of the Executive Board of the ECB, at the ECON Committee of the European Parliament
- 11 October 2020
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Tom Fairless on 8 October
- 2 October 2020
- PRESS RELEASEEnglishOTHER LANGUAGES (22) +
- 2 October 2020
- THE ECB BLOGBlog post by Fabio Panetta, Member of the Executive Board of the ECBRelated
- 30 November 2022
- THE ECB BLOG
- 13 July 2022
- THE ECB BLOG
- 19 November 2021
- THE ECB BLOGBlog post by Fabio Panetta, Member of the Executive Board of the ECB
- 14 July 2021
- THE ECB BLOGBlog post by Fabio Panetta, Member of the Executive Board of the ECB
- 25 March 2021
- THE ECB BLOGBlog post by Fabio Panetta, Member of the Executive Board of the ECB, and Ulrich Bindseil, ECB Director General Market Infrastructure and Payments
- 2 December 2020
- THE ECB BLOGBlog post by Fabio Panetta, Member of the Executive Board of the ECBEnglishOTHER LANGUAGES (15) +
- 1 October 2020
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Luke Heighton on 29 September 2020
- 20 September 2020
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Jesús Rivasés on 14 September 2020
- 20 August 2020
- PRESS RELEASE
- 19 August 2020
- THE ECB BLOGBlog post by Fabio Panetta and Isabel Schnabel, Members of the Executive Board of the ECB
- 10 July 2020
- PRESS RELEASE
- 10 July 2020
- PRESS RELEASE
- 7 July 2020
- SPEECHIntroductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, Meeting with Members of the European Parliament
- 9 June 2020
- PRESS RELEASERelated
- 9 June 2020
- THE INTERNATIONAL ROLE OF THE EURO
- 11 May 2020
- SPEECHSpeech by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Consensus 2020 virtual conference, 11 May 2020
- 28 April 2020
- THE ECB BLOGBlog post by Fabio Panetta, Member of the Executive Board of the ECB
- 5 February 2020
- SPEECHSpeech by Christine Lagarde, President of the ECB, at the "Grand Prix de l’Économie des Echos pour l’année 2019"
- 5 February 2020
- SPEECHPresentation by Philip R. Lane, Member of the Executive Board of the ECB, at "Berliner Gespräch zum Finanzplatz Frankfurt" organised by Hessische Landesvertretung in Berlin, 5 February 2020
- 21 January 2020
- PRESS RELEASE
- 9 January 2020
- SPEECHPresentation by Philip R. Lane, Member of the Executive Board of the ECB, at the Bank of England Workshop on "The Future of Inflation Targeting" in London, 9 January 2020
- 27 November 2019
- SPEECHWelcome address by Christine Lagarde, President of the ECB, on signing the euro banknotes
- 14 November 2019
- SPEECHKeynote speech by Philip R. Lane, Member of the Executive Board of the ECB, CEPR International Macroeconomics and Finance Programme Meeting
- 24 October 2019
- MONETARY POLICY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 24 October 2019EnglishOTHER LANGUAGES (22) +
- 17 September 2019
- SPEECHPanel remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the Banque centrale du Luxembourg-Toulouse School of Economics conference on “The Future of the International Monetary System”
- 12 September 2019
- MONETARY POLICY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 12 September 2019EnglishOTHER LANGUAGES (22) +
- 2 September 2019
- SPEECHSpeech by Yves Mersch, Member of the Executive Board of the ECB, at the ECB Legal Conference, Frankfurt am Main, 2 September 2019
- 16 May 2019
- SPEECHSpeech by Luis de Guindos, Vice-President of the ECB, at the occasion of the joint conference of the European Commission and the European Central Bank on European financial integration and stability, Brussels, 16 May 2019
- 6 April 2019
- SPEECHPanel contribution by Yves Mersch, Member of the Executive Board of the ECB, at The Outlook for the Economy and Finance conference, Cernobbio, 6 April 2019
- 22 March 2019
- SPEECHSpeech by Yves Mersch, Member of the Executive Board of the ECB, Warsaw, 22 March 2019
- 19 February 2019
- SPEECHAddress by Luis de Guindos, Vice-President of the ECB, at the European Parliamentary Week, Brussels, 19 February 2019
- 15 February 2019
- SPEECHSpeech by Benoît Cœuré, Member of the Executive Board of the ECB, at the Council on Foreign Relations, New York City, 15 February 2019
- 31 January 2019
- SPEECHSpeech by Yves Mersch, Member of the Executive Board of the ECB, at the 2019 Annual General Meeting of the International Capital Markets Association’s European Repo and Collateral Council, Luxembourg, 31 January 2019
- 28 January 2019
- SPEECHIntroductory Statement by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 28 January 2019Annexes
- 28 January 2019
- SPEECH
- 15 January 2019
- SPEECHSpeech by Mario Draghi, President of the European Central Bank, at the session of the plenary of the European Parliament to mark the anniversary of the euro in Strasbourg, 15 January 2019
- 7 January 2019
- SPEECHKeynote speech by Luis de Guindos, Vice-President of the ECB, at the conference “Five Years with the Euro”, Latvia, 7 January 2019
- 15 December 2018
- SPEECHSpeech by Mario Draghi, President of the ECB, at Laurea Honoris Causa in Economics by University of Sant'Anna, Pisa, 15 December 2018
- 28 November 2018
- SPEECHRemarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the Foreign Exchange Contact Group meeting, Frankfurt, 28 November 2018
- 24 September 2018
- ECONOMIC BULLETIN - ARTICLEEconomic Bulletin Issue 6, 2018Details
- Abstract
- This article presents the developments in the circulation of euro banknotes and the underlying drivers of cash demand in the euro area and abroad. Cash in circulation is on the rise, both in the euro area and abroad. In addition, data from a survey on the use of cash in the euro area indicates that by volume and number of transactions cash remained the most used payment instrument in 2016. However, the growth in banknote circulation can only partially be explained by transaction demand. Most euro banknotes in circulation are used as a store of value and households and firms inside and outside of the euro area obviously value the option of storing part of their assets in central bank money. Considering the currently low opportunity costs of holding cash, the stored euro banknotes can be expected to return if interest rates were to increase. However, as shown by developments over the past ten years, the store of value function is determined not only by interest rates, but also by external events which cannot be predicted. The demand for banknotes has also been impacted by various additional factors such as the financial and sovereign debt crises, geopolitical uncertainties, exchange rate developments and policy decisions
- JEL Code
- D12 : Microeconomics→Household Behavior and Family Economics→Consumer Economics: Empirical Analysis
E41 : Macroeconomics and Monetary Economics→Money and Interest Rates→Demand for Money
E42 : Macroeconomics and Monetary Economics→Money and Interest Rates→Monetary Systems, Standards, Regimes, Government and the Monetary System, Payment Systems - Network
- Eurosystem Research Network on Cash (EURECA)
- 17 September 2018
- SPEECHPresentation by Peter Praet, Member of the Executive Board of the ECB, to the Société Royale d’Economie Politique, Brussels, 17 September 2018
- 25 January 2018
- MONETARY POLICY STATEMENTMario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 25 January 2018EnglishOTHER LANGUAGES (22) +
- 24 November 2017
- OCCASIONAL PAPER SERIES - No. 201Details
- Abstract
- Although euro banknotes and coins have been in circulation for fifteen years, not much is known about the actual use of cash by households. This paper presents an estimation of the number and value of cash transactions in all 19 euro area countries in 2016, based on survey results. It presents an extensive description of how euro area consumers pay at points of sale (POS). The aim of this study is to shed light on consumers’ payment behaviour and in particular to improve the understanding of consumers’ payment choices at POS, based on a large sample of countries. Therefore, it provides central banks and relevant payment system stakeholders with fundamental information for the development of their policies and strategic decisions that can contribute to improving the efficiency of the cash cycle and the payment system as a whole. Previous estimates of the value of cash usage by households in the euro area date from 2008. Since then some central banks have carried out their own research on cash usage. This paper is the first study to measure the transaction demand for cash in the euro area. The results show that in 2016 around 79% of all payments at POS were made with cash, 19% with cards and 2% with other payment instruments. In terms of value, the market share of main payment instruments was 54% for cash, 39% for cards and 7% for other instruments. However, results show substantial differences between euro area countries.
- JEL Code
- E41 : Macroeconomics and Monetary Economics→Money and Interest Rates→Demand for Money
E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
D12 : Microeconomics→Household Behavior and Family Economics→Consumer Economics: Empirical Analysis
D14 : Microeconomics→Household Behavior and Family Economics→Household Saving; Personal Finance - Network
- Eurosystem Research Network on Cash (EURECA)
Annexes- 13 February 2018
- ANNEX
- 12 October 2018
- ANNEX