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Very few studies investigated central banking efficiency. Although Data Envelopment Analysis is widely used to measure … efficiency within the banking industry, it has surprisingly never been implemented in a central banking context. In our study, we … employ a radial DEA model to measure Eurosystem central banking efficiency. The Eurosystem monetary scheme offers interesting …
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What were the distributional consequences of the recent demonetization in India? Can the implementation of demonetization be improved to mitigate its distributional impact? This paper answers these questions using a dynamic contracting model featuring costly state verification and...
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Purpose The article examines Sheikh Ahmad Khatib Al-Minangkabauwi's initial concept of paper money, which in the early 20th century wrote Risala Raf'u Al-Iltibas. Design/methodology/approach This paper uses a qualitative approach based on the critical extraction analysis that can reveal a set of...
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shocks generate substantial fluctuations in aggregate productivity …
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shocks generate substantial fluctuations in aggregate productivity. …
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