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more opaque firms seeking financing. Our study contributes to the understanding of the nuanced role of innovation in …
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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
How exposed is the labour market to ever-advancing AI capabilities, to what extent does this substitute human labour, and how will it affect inequality? We address these questions in a simulation of 711 US occupations classified by the importance and level of cognitive skills. We base our...
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