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

The risk of default that business firms face is very significant and differs widely across countries. This paper … explores the links between countries' business conditions and international trade embedment and the default risk at the country … default risk of firms which operate in these environments. The predictions are in accord with readily available data …

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 …

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 …

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 …

Using a country-industry panel dataset (EUKLEMS) we uncover a robust empirical regularity, namely that high-risk …

are too impatient to save and too risk averse to take the sort of chances needed to accumulate wealth. The empirical … the issues confounding previous analyses of the links between risk preferences and well-being. Our sample includes more … on risk preferences, we find little evidence of robust links between risk aversion and well-being. However, when we …

in levels of fatal risk. The paper contrasts VSL estimates from conventional analysis with the bounds obtained under this …