One of the main concerns when considering Central Bank Digital Currency (CBDC) is the disintermediating effect on the banking sector in normal times, and even more the risk of a bank run in times of crisis. This paper extends the bank run model of Gertler and Kiyotaki (2015) by analyzing the...

The purpose of the paper is to identify areas in South Africa where social-economic disparity exists using 2011 census data. Different indices are used to measure spatial disparity with the aim of finding the most appropriate approach for measuring disparities under different circumstances. The...

This paper analyses to what extent the Spanish provinces have shown a convergence process since 1980 to nowadays. The application of the Phillips-Sul methodology to the HDI recently developped by IVIE lead us to show that we cannot admit the exitence of a unique convergence process between them....