, and lead agents to become risk-loving. Using experimental cash grants involving a choice between a safer, low payoff and a …

In response to the Covid-19 crisis, 186 countries implemented direct cash transfers to households, and 181 introduced … in-kind programs that lowered the cost of utilities such as electricity, water, transport, and mobile money. Do cash or … line with economic theory favoring direct cash transfers, in a randomized experiment in Kenya 95% of urban recipients …

% of cash in circulation illegal tender overnight, with new notes gradually introduced over the next several months. We … present a model of demonetization where agents hold cash both to satisfy a cash-in-advance constraint and for tax evasion …

The 2020 CARES Act directed large cash payments to households. We analyze house-holds' spending responses using high …

receive wages in cash, with a subset also receiving an account without automatic wage payments. We find that exposure to …

We assess long-term impacts of the Mexican conditional cash transfer (CCT) program on youth employment and earnings. We …

What is the effect of cash injections during financial crises? Exploiting county-level variation arising from random … weather shocks during the 1980s Farm Debt Crisis, we analyze and measure the effect of local cash flow shocks on the real and … financial sector. We show that such cash flow shocks have significant impact on a host of economic outcomes, including land …

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 …