I study how payment technology reshapes deposit competition. I exploit quasi-exogenous variation in the usage of Pix, Brazil’s …
Should monetary policy respond to corporate credit spreads? We develop and estimate a Bayesian dynamic general equilibrium model with …
We examine the impact of digital payments on the transmission of monetary policy by leveraging administrative data on Brazil’s …
The role of deposits in the payment system creates both a liquidity constraint and a liquidity recycling mechanism for the banking …
We study how digital payments affect consumer credit through the information they generate. Using Brazilian credit registry and …