We develop a general equilibrium model that highlights the trade-offs between physical and digital forms of retail central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency, possibilities for tax evasion, and, potentially,...

We develop a general equilibrium model that highlights the trade-offs between physical and digital forms of retail central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency, possibilities for tax evasion, and, potentially,...

We develop a general equilibrium model that highlights the trade-offs between physical and digital forms of retail central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency, possibilities for tax evasion, and, potentially,...

Supply chain disturbances can lead to substantial increases in production costs. To mitigate these risks, firms may take steps to reduce their reliance on volatile suppliers. We construct a model of endogenous network formation to investigate how these decisions affect the structure of the...

We develop a general equilibrium model that highlights the trade-offs between physical and digital forms of retail central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency, possibilities for tax evasion, and, potentially,...

This dissertation is composed of three essays that study the role of key financial instruments and new financial technologies in investment and policy decisions.In the first essay, I investigate convenience yields, which are non-pecuniary benefits in the form of liquidity, of portfolio debt...

Given the growing emphasis on research productivity in management schools in India, the present authors developed a composite indicator (CI) of research productivity, using the directional benefit-of-doubt (D-BOD) model, which can serve as a valuable index of research productivity in India....

Given the growing emphasis on research productivity in management schools in India, the present authors developed a composite indicator (CI) of research productivity, using the directional benefit-of-doubt (D-BOD) model, which can serve as a valuable index of research productivity in India....