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Berg, Tobias; Keil, Jan; Martini, Felix; Puri, Manju - National Bureau of Economic Research - 2024

We analyze the effect of a major central bank digital currency (CBDC) - the digital euro - on the payment industry to … firms increase in response to positive announcements on the digital euro. Bank stocks do not react. We estimate a loss in …

Persistent link: https://www.econbiz.de/10015056184

Portfolio Flows and Household Portfolios

Kaat, Daniel Marcel te; Ma, Chang; Rebucci, Alessandro - National Bureau of Economic Research - 2024

In this paper, we show that cross-border portfolio flows around the peak of the European Crisis induced households to rebalance their portfolios toward housing. Estimating difference-in-differences regressions around Draghi's "Whatever It Take" speech in July 2012 with household data from the...

Persistent link: https://www.econbiz.de/10014512064

Bond Markets as Conduits for Capital Flows : How Does Asia Compare?

Eichengreen, Barry - 2006

of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base … head and shoulders above other regions in terms of financial integration. More interesting is that Asia already seems to …

Persistent link: https://www.econbiz.de/10012466257