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Persistent link: https://www.econbiz.de/10012128091
capitalistic economy. These cycles, inherent to the rise of innovation, are an unavoidable consequence of the way in which markets … played by finance in fostering innovation, in defining bank credit as the “monetary complement” of innovation. Nevertheless …, we feel that the connection between innovation and firm financing has seldom been examined from a theoretical standpoint …
Persistent link: https://www.econbiz.de/10013098660
The antecedent studies have designed new funding with the intellectual capital money (IKM) upon trading the intellectual capital (IK) to ensure unimpeded access to it and spur its generation and exploitation. This piece examines the static and dynamic behavior of IKM in an open economy. The...
Persistent link: https://www.econbiz.de/10014346507
To examine the effect of monetary policy on economic growth, we formulate an endogenous growth model with cash-in-advance constraints on R&D and capital accumulation as endogenous growth engines. Within this framework, we show that the relationship between economic growth and the nominal...
Persistent link: https://www.econbiz.de/10012841050
The article provides an overview of the evolving economic incentive designs in decentralized systems. After introducing the decentralized economic policy tools that influence token design, the author examines the leading token models in a hand-selected dataset comprising the top one hundred...
Persistent link: https://www.econbiz.de/10012898126
, thereby inducing faster innovation driven endogenous growth in the long run. Whilst the effect of fiscal policy on growth and …
Persistent link: https://www.econbiz.de/10014109375
This paper synthesizes four lessons from the experiences of six Asian e-money schemes for central banks as they consider adopting central bank digital currency (CBDC): (i) CBDC should embody four attributes: trust, convenience, efficiency, and security; (ii) CBDC service providers can facilitate...
Persistent link: https://www.econbiz.de/10014350034
We aim to propose central bank digital currency (CBDC) design that aligned with Islamic principles, as well as strengths, weaknesses, opportunities, and threats of its design. An integrative review will be used to construct the CBDC design, while benefits and drawbacks are assessed by SWOT...
Persistent link: https://www.econbiz.de/10014352782
Private entities have recently attempted to invade the realm of central banking activities. This Article identifies this activity as “Shadow Central Banking,” and draws analogies with the previous emergence of “shadow banking” more generally. The “shadow banking” system emerged as a...
Persistent link: https://www.econbiz.de/10012859315