How many Deutschmarks are held abroad? |
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Authors: | Franz Seitz |
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Institution: | 1. Fachhochschule Amberg-Weiden, Hochschule für Technik und Wirtschaft, Weiden, Germany
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Abstract: | The German currency is held and used abroad because of its liquidity and stability relative to most of the world’s currencies. DM banknotes are used as a transactions medium and as a store of value. The number of these which are held abroad is of interest to policy-makers for various reasons, but is rather difficult to estimate. Professor Seitz outlines the results of several estimation methods and discusses the monetary policy consequences. |
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