Financial Bubbles for Economic Development: Implications Regarding ICOs

Frank Lorne; Tianze Li

doi:10.2478/sbe-2021-0009

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Financial Bubbles for Economic Development: Implications Regarding ICOs

Studies in Business and Economics

Volume 16 (2021): Issue 1 (April 2021)

By: Frank Lorne and Tianze Li

Open Access

|May 2021

Abstract

Most people consider financial bubbles as the result of speculations and manipulations, and that less of them will make a market economy more efficient. While speculative bubbles no doubt increase the risks and uncertainties of investors, there are many episodes in human civilization where financial bubbles are commensurate with real positive contribution to real development of an economy. This paper analyzes this issue from theoretical perspectives and in the context of recent new financial instruments created from the technology of blockchain.

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Articles in this issue

DOI: https://doi.org/10.2478/sbe-2021-0009 | Journal eISSN: 2344-5416 | Journal ISSN: 1842-4120

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Language: English

Page range: 109 - 119

Published on: May 26, 2021

Published by: Lucian Blaga University of Sibiu

In partnership with: Paradigm Publishing Services

Publication frequency: 3 issues per year

Keywords:

Financial bubbles,

economic development,

ICOs

Related subjects:

Business and economics,

Business management,

Management accounting, financial controlling, cost calculation, investment,

Management, organization, corporate governance,

Business development, change management, cooperation,

Entrepreneurship

© 2021 Frank Lorne, Tianze Li, published by Lucian Blaga University of Sibiu
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Volume 16 (2021): Issue 1 (April 2021)