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

Douglas Cumming, Zachary Glatzer () and Omrane Guedhami ()
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Zachary Glatzer: Florida Atlantic University
Omrane Guedhami: University of South Carolina

Economia e Politica Industriale: Journal of Industrial and Business Economics, 2023, vol. 50, issue 3, No 1, 487-513

Abstract: 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.

Keywords: Digital finance; Fintech; Cryptocurrency; Financial dependence; Law and finance; Culture; Growth (search for similar items in EconPapers)
JEL-codes: B17 G20 G24 K20 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s40812-023-00276-y

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