The economic value of decentralised finance

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.

In this episode of The sound of economics, Giuseppe Porcaro
invites Maria Demertzis and Catarina Martins to discuss the
current and future role of decentralised finance in the financial
system.

Together they examine whether and how the crypto world
contributes to the main objectives of the financial system:
reducing search costs and financing growth.

Relevant publication:
Demertzis, M. and C. Martins (2023) ‘Decentralised finance: good
technology, bad finance’ Policy Brief 09/2023, Bruegel