Dynamics of Balance of Payment developments are still barely researched. Chapter 1 tries to summarize empirical evidence between institutional determinants and BoP movements and proposes a framework for the role of institutions in a debt cycle. It is found that “good” institutions do help a...

Contents 1. Introduction -- 2. The institutional economics of blockchain -- 3. The universal turing institution -- 4. The microfoundations of ledgers -- 5. Money, dequity, and the barter economy of the future -- 6. Supply chains and identity -- 7. The V-form organisation and the future of the...