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This paper analyzes the potential effect of a European Central Bank Digital Currency (CBDC) on banks' profitability. We … deposits. Using quantile regression, we estimate the conditional profit distribution of a representative bank. We then …
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Bitcoin represents one of the most interesting technological breakthroughs and socio-economic experiments of the last decades. In this paper, we examine the role of speculative bubbles in the process of Bitcoin's technological adoption by analyzing its social dynamics. We trace Bitcoin's genesis...
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