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Legal tender in the euro area

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  • Siekmann, Helmut

Abstract

With the increasing pressure to abolish cash and the moves to restrict its use, the regulation of legal tender in the primary law of the EU has gained enhanced attention. The core provision is Article 128 TFEU which contains the rules on the issue of banknotes and coins. The author analyzes the terms currency, money, cash, and legal tender in a legal context.

Suggested Citation

  • Siekmann, Helmut, 2018. "Legal tender in the euro area," IMFS Working Paper Series 122, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
  • Handle: RePEc:zbw:imfswp:122
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    References listed on IDEAS

    as
    1. Siekmann, Helmut, 2017. "Die Einstandspflicht der Bundesrepublik Deutschland für die Deutsche Bundesbank und die Europäische Zentralbank," IMFS Working Paper Series 120, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    2. Siekmann, Helmut, 2015. "The legal framework for the European System of Central Banks," SAFE White Paper Series 26, Leibniz Institute for Financial Research SAFE.
    3. Bartzsch, Nikolaus & Rösl, Gerhard & Seitz, Franz, 2013. "Currency movements within and outside a currency union: The case of Germany and the euro area," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(4), pages 393-401.
    4. Michael Pickhardt & Jordi Sardà, "undated". "Cash, Hoarding and the Underground Economy," Working Papers 201282, Institute of Spatial and Housing Economics, Munster Universitary.
    5. Helmut Siekmann, 2015. "The Legal Framework for the European System of Central Banks," Financial and Monetary Policy Studies, in: Frank Rövekamp & Moritz Bälz & Hanns Günther Hilpert (ed.), Central Banking and Financial Stability in East Asia, edition 127, pages 43-86, Springer.
    6. Carl-Ludwig Thiele & Dirk Niepelt & Malte Krüger & Franz Seitz & Robert Halver & Albrecht F. Michler, 2015. "Diskussion um das Bargeld: Hätte eine Abschaffung von Banknoten und Münzen wirklich Vorteile?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(13), pages 03-18, July.
    7. Scott, Hal S, 1998. "When the Euro Falls Apart," International Finance, Wiley Blackwell, vol. 1(2), pages 207-228, December.
    8. Hirdina, Ralph, 2015. "Europäische Union und Euro - wie geht es weiter? Rechtliche Überlegungen," Weidener Diskussionspapiere 52, University of Applied Sciences Amberg-Weiden (OTH).
    9. Seidel, Martin, 2010. "Der Euro: Schutzschild oder Falle," ZEI Working Papers B 01-2010, University of Bonn, ZEI - Center for European Integration Studies.
    10. Bitros, George C., 2013. "European Union failures in Greece and some possible explanations," MPRA Paper 45017, University Library of Munich, Germany.
    11. Siekmann, Helmut, 2016. "Ziele, Aufgaben und Befugnisse des Europäischen Systems der Zentralbanken," IMFS Working Paper Series 101, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    12. Hal S. Scott, 1998. "When the Euro Falls Apart," International Finance, Wiley Blackwell, vol. 1(2), pages 207-228, December.
    13. Thomas Eger & Hans-Bernd Schäfer (ed.), 2012. "Research Handbook on the Economics of European Union Law," Books, Edward Elgar Publishing, number 13923.
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    Cited by:

    1. Böhl, Gregor, 2021. "Efficient solution and computation of models with occasionally binding constraints," IMFS Working Paper Series 148, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).

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