Search Results - subject:"Money"

Central Bank Digital Currency Adoption : A Two-Sided Model

Tan, Brandon - 2023

For central bank digital currencies (CBDCs) to accomplish their intended objectives, it is necessary for both consumers to use them and for merchants to accept them. This paper develops a dynamic two-sided payments model with both heterogeneous households and merchants/firms to study: (1) The...

Persistent link: https://www.econbiz.de/10014350598

Is Mobile Money Changing Rural Africa? Evidence from a Field Experiment

Batista, Catia; Vicente, Pedro C. - 2023

Rural areas in Sub-Saharan Africa are typically underserved by financial services. Mobile money brings a substantial … reduction in the transaction costs of remittances. We follow the introduction of mobile money for the first time in rural … villages of Mozambique using a randomized field experiment. We find that mobile money increased migration out of these villages …

Persistent link: https://www.econbiz.de/10014350827

Regulatory Requirements of Banks and Arbitrage in the Post-Crisis Federal Funds Market

Garratt, Rodney; Priazhkina, Sofia - 2023

This paper explains the nature of interest rates in the U.S. federal funds market after the 2007-09 financial crisis. We build a model of the over-the-counter lending market that incorporates new aspects of financial markets: abundance of liquidity, different regulatory standards for banks, and...

Persistent link: https://www.econbiz.de/10014350916

Telecommunications Regulation, Mobile Money Innovations and Financial Inclusion

Asongu, Simplice - 2023

This study assesses how corporate telecommunication (telecom) policies follow telecom sector regulation in mobile money …, mobile connectivity coverage and mobile connectivity performance while mobile money innovations represent mobile money … accounts, the mobile used to send money and the mobile used to receive money. The empirical evidence is based on Tobit …

Persistent link: https://www.econbiz.de/10014350953

Is Bitcoin Exciting? A Study of Bitcoin's Spillover Effects

Leong, Minhao; Kwok, Simon - 2023

In this study, we examine the spillover of Bitcoin’s jumps and diffusive variations to traditional assets using high frequency data. For our cross-asset study, we detect positive spillovers from Bitcoin to risk assets and negative spillovers to defensive assets. We also find evidence of...

Persistent link: https://www.econbiz.de/10014351204

Is Bitcoin Exciting? A Study of Bitcoin’s Spillover Effects

Kwok, Simon; Leong, Minhao - 2023

In this study, we examine the cross-excitation effects of Bitcoin’s jumps and diffusive variations on traditional asset classes using high frequency data. For our cross-asset study, we detect the presence of positive jump spillovers from Bitcoin to risk assets and negative jump spillovers from...

Persistent link: https://www.econbiz.de/10014351220

Interbank Asset-Liability Networks with Fire Sale Management

Feinstein, Zachary; Halaj, Grzegorz - 2023

Interconnectedness is an inherent feature of the modern financial system. While it con-tributes to efficiency of financial services, it also creates structural vulnerabilities: pernicious shock transmission and amplification impacting banks’ capitalization. This has recently been seen during...

Persistent link: https://www.econbiz.de/10014351223

The Nature of Cryptocurrency, Central Bank Digital Currency, E-Money, Virtual Currency, In-Game Currency and Stablecoin : How They Are Regulated and Issues Associated with Them

Eshchanova, Kamola; Komilbekova, Asal; Khalimjonov, Asadulla - 2023

This paper examines the nature of Cryptocurrency, Central Bank Digital Currency, E-money, Virtual Currency, In …

Persistent link: https://www.econbiz.de/10014351382

The Regulation and Differences between Cryptocurrency, Stablecoin, Central Bank Digital Currency, E-Money, Virtual Currency, and In-Game Currency

Mokhinur, Kuldosheva; Dilshodbek, Abdullaev; Khodjaev, … - 2023

used in several applications, such as transferring money, recording data, and investing, making it an alternative to the … frameworks ineffective. Furthermore, unlike E-money, Central bank digital currency, stablecoins, decentralized cryptocurrencies … bank digital currency, e-money, virtual currency, and in-game currency. It provides some literature review of documented …

Persistent link: https://www.econbiz.de/10014351401

The repo market under Basel III

Gerba, Eddie; Katsoulis, Petros - 2023

It's well-known that regulation can have profound effects on asset prices and market fragmentation. Yet existing evidence is very thin. We contribute by assessing the effects of Basel III on financial market fragmentation using the UK repo market as an important case study. Evidence is...

Persistent link: https://www.econbiz.de/10014351427