This paper provides a structured overview of the burgeoning literature on the economics of
CBDC. We document the economic forces that shape the rise of digital money and review …

Do periods of persistently loose monetary policy increase financial fragility and the
likelihood of a financial crisis? This is a central question for policymakers, yet the literature …

We develop a heterogeneous agent, overlapping generations model with nonhomothetic
preferences that nests several explanations for the decline in the natural rate of interest (r∗) …

This paper analyses some aspects of the legal issues related to the digitization of the euro.
The first section identifies whether in subiecta materia the application of European or …

In this paper we build a unique dataset to study how banks decide which firms to lend to and
how this decision depends on their own situation and the characteristics of their borrowers …

There is a vast international literature exploring the consequences of low interest rates for
various banking sectors. In this paper, I explore how this international literature relates to the …

Techno-economic aspects of green hydrogen production play a significant role in shaping
the development and deployment of new hydrogen facilities. Comprehensive analyses of …

The headwinds of the financial crisis have threatened the attainment of macroeconomic
stability. As result, policymakers were confronted with finding the right policy mix that will …

El presente documento pretende analizar y describir los factores que sirven de explicación
para saber cómo ha evolucionado la valoración bursátil de la banca en los últimos años …

Credit Markets and the Macroeconomy Page 1 Credit Markets and the Macroeconomy by Juan
Ignacio Zurita Thesis submitted in fulfilment of the requirements for the degree of Doctor of …