Cryptocurrencies have become more popular and established in recent years. Simultaneously, crypto financial services, like lending, have also emerged.
Given the increasing importance of digitalisation, it is fair to ask whether these digital decentralised services will become established and normalised.
Together they examine whether and how the crypto world contributes to the main objectives of the financial system: reducing search costs and financing growth.
Demertzis, M. and C. Martins (2023) ‘Decentralised finance: good technology, bad finance’ Policy Brief 09/2023, Bruegel