Das italienische Bankensystem ist bislang recht gut durch die Coronakrise gekommen. Dazu haben umfangreiche staatliche Hilfsmaßnahmen ebenso beigetragen wie Vorkrisenreformen mit Blick auf Altlasten aus der Euro-Schuldenkrise. Dazu zählen der Abbau notleidender Kredite und der Aufbau von...

Since the emergence of COVID-19 pandemic, there have been growing concerns about the policy measures that states have continued to adopt in pursuit of a resilient recovery and more importantly, the implications of such policies on the future of international trade. This paper explores some of...

This paper empirically examines the relationship between economic growth and structural change in India over recent decades. It first estimates panel regressions with state-level data, to examine the impact of structural change on growth and vice versa. Bidirectional causality is found, which...

We provide an analysis of cash trends in Canada before and during the COVID-19 pandemic. Focusing on the pandemic period, we explore the implications on demand for, use of and access to cash. We find that cash demand has been strong pre-pandemic and increased sharply during the pandemic. While...

We investigate the size and trends of the informal economy (IE) in ten Balkan nations from 1996-2021 using the MIMIC model. Our findings reveal a consistent decline in the IE in our sample, albeit it remains substantial, exceeding 29% (of GDP) in 2021. We also explore the impact of the COVID-19...

We use consumer surveys conducted in April, July and November 2020 to study how the COVID-19 pandemic affected the demand for cash and the use of various methods of payment. Continuing from Chen et al. (2020, 2021), we use data from the Bank Note Distribution System (BNDS) to track how the...

We conduct a follow-up to Chen et al. (2020) and study demand for and use of cash after the containment measures imposed at the beginning of the COVID-19 pandemic were relaxed during the summer of 2020. We find that bank notes in circulation continued to rise in July due to ongoing cash...

New firms play a critical role in the economy. They disrupt markets with new technologies, offer social mobility opportunities, and support labor market dynamism. As much as any society should nurture and help its new generations to prosper and grow, its economy will be significantly...

The situation prior to the COVID, as brought out in Morris, Sebastian (2020), was problematic with major slowdown and heightened uncertainty in the financial sector in the last year before the Crisis. The response of the RBI, free from its conservative shackles, now followed the US into...

Das italienische Bankensystem ist bislang recht gut durch die Coronakrise gekommen. Dazu haben umfangreiche staatliche Hilfsmaßnahmen ebenso beigetragen wie Vorkrisenreformen mit Blick auf Altlasten aus der Euro-Schuldenkrise. Dazu zählen der Abbau notleidender Kredite und der Aufbau von...