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Bernheim, B. Douglas - 1984

Although recent research suggests that intergenerational transfers play an important role in aggregate capital accumulation, our understanding of bequest motives remains incomplete. We develop a simple model of"exchange-motivated" bequests, in which a testator influences the decisions ofhis...

Persistent link: https://www.econbiz.de/10012477792

Consumer Surplus of Alternative Payment Methods : Paying Uber with Cash

Alvarez, Fernando E. - 2020

We estimate the private benefits for Uber riders from using alternative payment methods. We focus on Mexico where riders have the option to use cash or credit cards to pay for rides. We use three field experiments involving approximately 400,000 riders to estimate the loss of private benefits...

Persistent link: https://www.econbiz.de/10012482355

Financial Patenting in Europe

Hall, Bronwyn H. - 2009

We take a first look at financial patents at the European Patent Office (EPO). As is the case at the US Patent and Trademark Office (USPTO), the number of financial patents in Europe has increased significantly in parallel with significant changes in payment and financial systems. Scholars have...

Persistent link: https://www.econbiz.de/10012463933

Paycheck Receipt and the Timing of Consumption

Stephens, Melvin, Jr - 2002

This paper examines the consumption response to monthly paycheck receipt. Since the amount and arrival date of paychecks are known in advance, the receipt of a paycheck does not coincide with the receipt of new information. Under the basic rational expectations Life-Cycle/Permanent Income...

Persistent link: https://www.econbiz.de/10012469349

Indexed Units of Account : Theory and Assessment of Historical Experience

Shiller, Robert J. - 1998

An indexed unit of account is a money analogue, used to express prices; the unit's" purchasing power is defined by an index. Indexed units of account are not true money in that" they are not used as a medium of exchange. The first successful indexed unit of account Unidad de Fomento (UF) has...

Persistent link: https://www.econbiz.de/10012472460

Adoption of Technologies With Network Effects : An Empirical Examination of the Adoption of Automated Teller Machines

Saloner, Garth - 1992

prediction. Using standard duration models, we find that a bank's date of adoption is decreasing in the number of its branches (a …

Persistent link: https://www.econbiz.de/10012474931

The Dawn of an ‘Age of Deposits’ in the United States

Jaremski, Matthew - 2015

U.S. Bank deposits by individuals grew from 4% of GDP at the time of the National Banking Acts in 1863-64 to 23% by the … time of the Federal Reserve's founding. A comprehensive collection of bank- level data shows that most gains occurred …

Persistent link: https://www.econbiz.de/10012457165

Challenges in Banking the Rural Poor : Evidence from Kenya's Western Province

Dupas, Pascaline - 2012

Most people in rural Africa do not have bank accounts. In this paper, we combine experimental and survey evidence from … had two parts. In the first part, we waived the fixed cost of opening a basic savings account at a local bank for a random … evidence suggests that the main reasons people did not begin saving in their bank accounts are that: (1) they do not trust the …

Persistent link: https://www.econbiz.de/10012460808

Poultry in Motion : A Study of International Trade Finance Practices

Antràs, Pol - 2011

This paper analyzes the financing terms that support international trade and sheds light on how and why these arrangements affect trade. Using detailed transaction level data from a U.S. based exporter of frozen and refrigerated food products, primarily poultry, it begins by describing broad...

Persistent link: https://www.econbiz.de/10012461566

How abundant are reserves? : evidence from the wholesale payment system

Afonso, Gara; Duffie, Darrell; Rigon, Lorenzo; Shin, … - 2022

Persistent link: https://www.econbiz.de/10014246540

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