central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency …, possibilities for tax evasion, and, potentially, nominal rates of return. We establish conditions under which cash and CBDC can co …-exist and show how government policies can in uence relative holdings of cash, CBDC, and other assets. We illustrate how a CBDC …

It has been long recognized that cash plays a critical role in fueling street crime due to its liquidity and … transactional anonymity. In poor neighborhoods where street offenses are concentrated, a significant source of circulating cash … circulation of cash on the streets associated with EBT implementation had an effect on crime. To address this question, we exploit …

It has been long recognized that cash plays a critical role in fueling street crime due to its liquidity and … transactional anonymity. In poor neighborhoods where street offenses are concentrated, a significant source of circulating cash … circulation of cash on the streets associated with EBT implementation had an effect on crime. To address this question, we exploit …

for social custom effects in the determination of union membership. Using panel data for Germany, we find evidence for …

tracking. We calibrate the model for Germany and study how relative demand shifts toward more general skills and changes in the …

Die Lockerung des Kündigungsschutzes ist ein wesentliches Element der im Januar 2004 in Deutschland in Kraft gesetzten …A key feature of the recent labor market reforms in Germany is liberalization of dismissal protection legislation. The …