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policy -- 6. Current trends in the digitalization process and related fintech-based businesses of the Sino-US financial … processes of digitalization and FinTech applications. At the same time, the book points to ways in which a market … markets -- 7. The digitalization of cross-border payment systems and the introduction of the CBDC -- 8. The ongoing Sino …
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Economic frictions such as information asymmetries and economic forces such as economies of scale and scope give rise to financial intermediaries. These frictions and forces also shape market structure. While technological advances are not new to finance, digital innovation has brought major...
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