Congratulations to Roxana Mihet, the winner of the ECB's Young economists' competition 2020

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I show that the explosion of financial technologies for retail investors does not guarantee broad increases in household wealth. Instead, the sophisticated investors who already have relatively high levels of wealth are most likely to benefit from many of the new technologies.

Read here to find out more about her research.

Roxana obtained a Ph.D. in Economics from Stern in May 2020.