Studies show that the impact of financial markets on innovation is mixed. This paper examines whether development can help explain pace in 68 developed and developing countries during 1995–2018. By utilizing panel data incorporating market institutions (market creating, regulating, stabilizing, legitimizing), we discovered a nonlinear effect finance–innovation relationship. Market would enhance...

The transformation of the modern global monetary and financial system involves elimination institutional functional contradictions existing at various levels. Some arose as a result asymmetric development market (GFM). aim article is to substantiate asymmetry GFM an organic phenomenon, which, on one hand, becomes serious obstacle functioning progressive world economy, and, other driving force b...

In this paper, we concern ourselves with cryptocurrency and how cryptocurrency affects the cryptocurrency market as well as the fiat currency market. The whole topic will be sepreted into two sections: competition among different currencies, as well as competition among exchanges[2]. We aim at figuring out the current circumstance of cryptocurrency which as a casual visitor in the market, and a...

In the process of transformation from a centrally-planned to a market-orientated economy, the domestic financial sector plays two important roles. First, the financial sector itself has to be fundamentally restructured, and second, its efficient functioning is a crucial precondition for the necessary economic transformation. During the central-planning era, the financial sector typically carrie...

The incapacity to finance sustainable development through philanthropic official assistance turned the Johannesburg Summit to business world and the financial industry. Pioneering financial institutions – including development banks and private banks – have developed a wide range of innovations that can support sustainable development. This article highlights a few innovative products and marke...