infonet-economy

In economies with a low level of financial inclusion (FI), most activities are settled in cash and are thus more difficult to trace, record, and tax. I show theoretically that economies with inefficient financial technologies exhibit low levels of FI and of tax revenue and that using an inflation tax as an additional source of income improves welfare. Improvements in technology lead...

Bolli, Thomas; Caves, Katherine M.; Pusterla, Filippo; Rageth, Ladina; Renold, Ursula; Sritharan, Aranya; Trachsel Díaz-Tejeiro, Sandra

Au Yong Lyn, Audrey

Roller, Ramona

Zhang, Yan; Garas, Antonios; Scholtes, Ingo

With the emergence of Bitcoin and recently proposed stablecoins from BigTechs, such as Diem (formerly Libra), central banks face growing competition from private actors offering their own digital alternative to physical cash. We do not address the normative question whether a central bank should issue a central bank digital currency (CBDC) or not. Instead, we contribute to the...

In: Agricultural and Resource Economics Review, 2019, vol. 48, no. 1, p. 117-141

In: HMD Praxis der Wirtschaftsinformatik, 2019, vol. 57, p. 106-116

In: Journal of Business and Economic Statistics, 2019, vol. 37, no. 4, p. 710-720