CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective
Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley +1 more source
Topological data analysis and topological deep learning beyond persistent homology: a review. [PDF]
Su Z +7 more
europepmc +1 more source
What Are Asset Price Bubbles? A Survey on Definitions of Financial Bubbles
ABSTRACT Financial bubbles and crashes have repeatedly caused economic turmoil notably but not just during the 2008 financial crisis. However, both in the popular press as well as scientific publications, the meaning of bubble is sometimes unspecified.
Michael Heinrich Baumann +1 more
wiley +1 more source
Gesturing While Writing: An Alternate Perspective on Mimetic Prosody
Critical Quarterly, EarlyView.
Paul Magee
wiley +1 more source
Demographic Dynamics and International Trade: Stylized Facts and Theoretical Insights
ABSTRACT Demographic change within a country has economic repercussions for other countries through international transactions. Ongoing shifts in population size and age structure across countries have important implications for international trade, operating through changes in market size, consumption preferences, and labor supply.
Kumuthini Sivathas
wiley +1 more source
Algebraic invariants of the edge ideals of whisker graphs of cubic circulant graphs. [PDF]
Afridi MUK, Rehman IU, Ishaq M.
europepmc +1 more source
Mental Health Following Silver Splits: A Dyadic Approach to Depressive Symptoms
ABSTRACT Objective Drawing on the stress generation model, emotional contagion theory, and gender‐as‐relational approach, this study adopts a dyadic approach to mental health following later‐life separation, or “silver splits” (i.e., partnership dissolution at or after age 50), and examines whether depressive symptoms in a partner before separation can
Lisa Jessee, Jeffrey E. Stokes
wiley +1 more source
State of mission: Battery management with neural networks and electrochemical AI. [PDF]
Ozkan CS, Ozkan M.
europepmc +1 more source
The fundamental theorem of asset pricing with and without transaction costs
Abstract We prove a version of the fundamental theorem of asset pricing (FTAP) in continuous time that is based on the strict no‐arbitrage condition and that is applicable to both frictionless markets and markets with proportional transaction costs. We consider a market with a single risky asset whose ask price process is higher than or equal to its ...
Christoph Kühn
wiley +1 more source
Integral Betti signatures of brain, climate and financial networks compared to hyperbolic, Euclidean and spherical models. [PDF]
Caputi L, Pidnebesna A, Hlinka J.
europepmc +1 more source

