Abstract: This study evaluates the simultaneous impact of public and private investments on economic growth in the CEMAC zone between 1984 and 2017.To attain this aim, we use the Vector Error Correction Model (VECM) to test the direction of causality between the three variables above at the level of each country. We find that the direction of causality is not the same in all the countries both in the short as in long-run. We then develop an ideal model... More

Abstract: This report presents an analytical framework for exploring the implications of Fintech innovations for incumbent banks and for provision of thefinancial safety net. The focus is on “digital banking initiatives”, that is,on Fintech initiatives that provide retail financial services akin to thosetraditionally provided by banks. Banks perform a wide range of functionsfor individual and institutional customers that help facilitate... More

Abstract: The article shows that the foundation of the digital economy can be a new paradigm for predicting the future from the future, i.e. from the future in which the development goal has already been achieved. This allows to minimize all costs and completely avoid incorrect system solutions of the existing trial-and-error approach. Using the achievements of the technological revolution of Industry 4.0, an effective digital economy can be formed only... More

Abstract: As an innovative financing behavior, equity pledge breaks the limit of traditional financing, and broadens the financing channels of companies and major shareholders. This paper comprehensively considers the impact of controlling shareholder equity pledge on corporate value from three research perspectives. The main conclusions are as follows: (1) When the equity pledge is not considered, the cash flow rights and voting rights of the company... More