Digital financial inclusion (DFI) is newly cited as a significant driver of sustainable
development in developing and transition economies, and it is thus likely that DFI affects …

Abstract Using China Family Panel Studies data, this paper examines how financial
inclusion affects energy poverty in China. We find substantial evidence that financial …

This paper studies the implications of money laundering for the optimal design of central
bank digital currency (CBDC). I build a general equilibrium framework to explicitly allow …

In this paper, we study the interactions between fiscal and monetary policy in a frictional
economy where fiat money, bank deposits and short-term and long-term nominal …

This paper studies the implications of tax evasion for the optimal design of central bank
digital currency (CBDC). I build a general equilibrium framework to explicitly allow tax …

The present work aims to assess the existence of the relationship between financial
inclusion and monetary stability in Mozambique based on the analysis of the VEC model for …

The study examines the impact of financial inclusion on monetary policy targets in the
Economic Community of West African States for the period between 2004 and 2020. To …

Consumer payment choice is based on heterogeneous preferences, availability, usage
costs, and effective taxes. We examine the consequences of this choice on consumption …

Oligopolistic competition in the banking sector and risk in the real economy are important
characteristics of many economies. We build a model of monetary policy transmission that …

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 …