We construct daily databases of crypto bans and policy statements concerning central bank digital currencies (CBDCs) to estimate their effects on crypto trading volumes for an unbalanced panel of 116 countries from November 2016 to December 2021. We …
This paper exploits China’s accession to the WTO to investigate the propagation of a supply shock across the Indian production network. Consistent with a model of multi-product manufacturers gaining access to higher-quality components, a fall in …