central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency …

partners marry for money and the other where partners marry for romantic reasons orthogonal to productivity or debt. These … generate different investment incentives and therefore have a real impact on the market economy. While marrying for money …

Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for …, incentivized setup many subjects do not treat money as fungible. When a label is attached to a part of their budget, subjects …

that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … regimes, smaller firms are much more affected by monetary policy than large firms. In an easy money regime, monetary policy … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion …

experiment conducted in a bank. In the treatment group managers obtained access to objective performance measures which raised …