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This paper examines the association between bank liquidity creation and technological innovation. Using a comprehensive … measure of bank output, I find that bank liquidity creation stymies technological innovation, measured by patent … robustness checks. Further analysis reveals that small banks are more likely to promote firm innovation, and bank liquidity …
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adequacy of current enforcement tools and strategies. A lack of adequate enforcement tools might well undermine the innovation …
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Central bank digital currencies (CBDCs) promise to provide cash-like safety and convenience for peer-to-peer payments. To do so, they must be resilient and accessible. They should also safeguard the user's privacy, while allowing for effective law enforcement. Different technical designs satisfy...
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economies with a high capacity for innovation. Work on retail CBDCs is more advanced where the informal economy is larger. We …
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economies with a high capacity for innovation. Work on retail CBDCs is more advanced where the informal economy is larger. We …
Persistent link: https://www.econbiz.de/10012306593
, innovation. Using a Schumpeterian growth model in which firms' dynamic R&D and financing choices are endogenously determined, we … demonstrate that this second effect always dominates, so that debt fosters innovation and growth at the aggregate level. Our paper …-industry variation in leverage and innovation …
Persistent link: https://www.econbiz.de/10012179627
Why do some firms grow faster than others? This question has become the focus of a large number of empirical studies in industrial organization, strategic management, and entrepreneurship since the publications of Gibrat (1931) and Penrose (1959). Using an unbalanced panel data set of 85 U.S....
Persistent link: https://www.econbiz.de/10012934548