Remunerating means of payment
Non-remuneration of digital money acts as a distortionary tax, making EU bans on interest for e-money and stablecoins hard to defend. Though banknotes cannot technically
Wealth shocks tilt the balance toward self-insurance for long-term care
When older adults need paid long-term care, most rely on their own assets unless they hold private long-term care insurance or qualify for Medicaid. This
Gender wealth inequality in the European Union: a distributional perspective
Analysis of single women and men in Europe reveals persistent gender wealth gaps and differing patterns across countries. This paper investigates gender-related disparities in wealth
Pricing risks in bull and bear markets
Standard models of asset pricing assume that risky (safe) financial assets have higher returns because they have higher (lower) exposures to systematic risk factors. They
