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Institutions, digital assets, and implications for economic and financial performance

Author

Listed:
  • Douglas Cumming

    (Florida Atlantic University
    University of Birmingham)

  • Zachary Glatzer

    (Florida Atlantic University)

  • Omrane Guedhami

    (University of South Carolina)

Abstract

This paper provides a review of the literature on digital finance, cryptocurrency, and financial dependence in relation to economic development and growth. We summarize the evidence of how cryptocurrencies and digital finance impact growth. We show further that financial dependence and credit ratings are also critical to growth, along with language and culture. We introduce the papers in this special issue and elaborate on future research opportunities for these topics.

Suggested Citation

  • Douglas Cumming & Zachary Glatzer & Omrane Guedhami, 2023. "Institutions, digital assets, and implications for economic and financial performance," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(3), pages 487-513, September.
    • Handle: RePEc:spr:epolin:v:50:y:2023:i:3:d:10.1007_s40812-023-00276-y
    DOI: 10.1007/s40812-023-00276-y
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    More about this item

    Keywords

    Digital finance; Fintech; Cryptocurrency; Financial dependence; Law and finance; Culture; Growth;
    All these keywords.

    JEL classification:

    • B17 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - International Trade and Finance
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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