One sentence summary: Do people see privacy as an attribute of media of payment? In the economic literature, a medium of payment has two properties: liquidity and store of value. The fast and increasing development of digital currencies raises the question: is privacy a third attribute? We test...

Although it is evident that sovereign rating is important for domestic banks, the impact of sovereign rating news on financial company shares has not yet been studied. This paper fills this gap by examining the spillover effect of Euro-zone sovereign rating changes announced by Standard and...