Financial Bubbles for Economic Development: Implications Regarding ICOs
| Autor: | Frank T. Lorne, Tianze Li |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
financial bubbles
050208 finance HF5001-6182 Social Psychology icos 05 social sciences Economics Econometrics and Finance (miscellaneous) Financial system economic development 0502 economics and business Economics Business Management and Accounting (miscellaneous) Business 050207 economics Economic bubble |
| Zdroj: | Studies in Business and Economics, Vol 16, Iss 1, Pp 109-119 (2021) |
| ISSN: | 2344-5416 |
| DOI: | 10.2478/sbe-2021-0009 |
| Popis: | Most people consider financial bubbles as the result of speculations and manipulations, and that less of them will make a market economy more efficient. While speculative bubbles no doubt increase the risks and uncertainties of investors, there are many episodes in human civilization where financial bubbles are commensurate with real positive contribution to real development of an economy. This paper analyzes this issue from theoretical perspectives and in the context of recent new financial instruments created from the technology of blockchain. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|