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

Bitcoin in particular and so-called cryptocurrencies in general have shaken up the financial world and seem to be … also with significant risks. This paper analyzes the connection between one such crypto, bitcoin, and other traditional … indicate that, as of late, bitcoin has become increasingly interdependent with gold, and seems just as suitable to hedge …

Central banks around the world are exploring and in some cases even piloting Central Bank Digital Currencies (CBDCs …, frictionless consumer payment and money-transfer systems, and a range of new financial instruments and monetary policy levers …

risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among … different groups of countries and examine how international financial integration has affected the evolution of risk sharing … patterns. Using a variety of empirical techniques, we conclude that there is at best a modest degree of international risk …

We investigate financial experts' beliefs about climate risk pricing and analyze how those beliefs influence stock …

Empirically observed intertemporal choices about money have long been thought to exhibit present bias, i.e. higher … theoretical grounds, and a spate of recent findings suggest that present bias for money is minimal or non-existent when one allows … in Kenya in which we elicit time and risk preference parameters from 291 participants, using convex time budgets and …

We estimate the effect of mobile money adoption on consumption smoothing, poverty and human capital investments in … Tanzania. We exploit the rapid expansion of the mobile money agent network between 2010 and 2012 and combine this with … time use of children and labor force participation complement the findings on the important role of mobile money for the …

money as a tool to promote agricultural investment. For this purpose, we designed and conducted a field experiment with a …-remunerated mobile money accounts decreased incentives to save and invest in agricultural inputs, likely due to network free …-riding because of lower transfer costs within the network. Overall this research shows that tailored mobile money products can be …

Who uses mobile money? What is mobile money used for? This paper describes the mobile money adoption patterns following … the experimental introduction of mobile money for the first time in rural areas of Southern Mozambique. We use a … combination of administrative and household survey data to characterize early and late adopters, as well as their mobile money …

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 …