IDEAS home Printed from https://ideas.repec.org/p/bfr/econot/459.html

The impact of recent shocks on banknote circulation in France
[Les effets des chocs récents sur la circulation de billets en France]

Author

Listed:
  • Raymond De Pastor
  • Victor Frangin
  • Etienne Gruner
  • Rémi Odry Habab

Abstract

Despite rapid growth in digital payments, demand for banknotes remains strong in France and Europe. It is being driven by three factors: transactional use, which is declining, precautionary holdings and demand from outside the euro area. Recent shocks may have altered the respective contributions of these factors to total demand. Examining the velocity of circulation of individual banknote denominations provides insights into these effects. Malgré l’essor des paiements numériques, la demande de billets reste élevée en France et en Europe. Elle repose sur trois facteurs : l’usage transactionnel, en recul, les motifs de précaution et la demande provenant de l’étranger. Les chocs récents ont pu modifier leur part respective dans la demande globale. L’analyse des vitesses de circulation par dénomination permet d’en éclairer les effets.

Suggested Citation

  • Raymond De Pastor & Victor Frangin & Etienne Gruner & Rémi Odry Habab, 2026. "The impact of recent shocks on banknote circulation in France [Les effets des chocs récents sur la circulation de billets en France]," Eco Notepad 459, Banque de France.
    • Handle: RePEc:bfr:econot:459
    as

    Download full text from publisher

    File URL: https://www.banque-france.fr/en/publications-and-statistics/publications/impact-recent-shocks-banknote-circulation-france
    Download Restriction: no
    File URL: https://www.banque-france.fr/fr/publications-et-statistiques/publications/les-effets-des-chocs-recents-sur-la-circulation-de-billets-en-france
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bfr:econot:459. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael brassart (email available below). General contact details of provider: https://edirc.repec.org/data/bdfgvfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.