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The Cash Hoarding Puzzle and the Rising Global Demand for Cash (VOX) Demand for cash has been rising, despite the increased access to cashless payments.Finds monetary easing and aging population as main incentives for cash hoarding.
The Ownership of Central Banks (Bank Underground) Looks at the impact of public vs private ownership of Central Banks globally and finds that it makes little difference if the overarching aims are clear. Most, such as the BoE are wholly owned by the public sector, but in the US, Japan and Switzerland, there is a private shareholding.
Yield Curve Responses to Introducing Negative Policy Rates (San Francisco Fed) Studies the experience of five countries that introduced negative interest rates to see their impact on the economy. Finds that negative rates are effective in lowering yields of all maturities and effectively shifts the whole yield curve downwards, offering effective stimulus.