This paper investigates the role of digitalization in improving economic resilience. Using balance sheet data from 24,000 firms in 75 countries, and a difference-in-differences approach, we find that firms in industries that are more digitalized …
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 …