Using data on banking transactions, we analyze how people changed their spending behaviour when recreational cannabis became legal in Canada. In the data set, we identify people with purchases in a cannabis store after the legalization. We apply a difference-in-difference approach to compare...

Open banking is a framework where consumers and businesses can share their banking data with third-party providers through secure channels. Starting in the United Kingdom, open banking is on the rise in many countries. Thanks to open banking, consumers and businesses can access innovative...