Decentralized Finance: A Future Research Agenda

Autores

  • Younes AIT HMADOUCH Department of Economics, Ibn-Tofail University

DOI:

https://doi.org/10.23882/emss24116

Palavras-chave:

Financial Inclusion., Economic Impacts, Defi, Technological Advancements,

Resumo

Decentralized Finance (DeFi) has emerged as a transformative force in the financial landscape, challenging traditional systems and offering innovative solutions. As DeFi continues to evolve, it is essential to explore its implications for the future of finance, regulation, technology, and society. This research article outlines a comprehensive future research agenda that encompasses key dimensions of DeFi, including technological advancements, regulatory frameworks, economic impacts, and societal consequences. By identifying critical areas for inquiry, this paper aims to guide scholars, practitioners, and policymakers in navigating the complexities and opportunities presented by DeFi. The findings highlight the need for interdisciplinary collaboration to foster responsible innovation, enhance financial inclusion, and address the challenges that lie ahead.

Referências

Alamsyah, I., Masykur, A., & Nasution, I. (2022). Decentralized finance: Opportunities and challenges for financial inclusion. Journal of Financial Innovation, 8(1), 1-15. https://doi.org/10.1186/s40854-022-00308-7

Bhambhwani, S. M., & Huang, A. H. (2024). Auditing decentralized finance. The British Accounting Review, 56(2), 101270.

Capponi, A., Iyengar, G., & Sethuraman, J. (2023). Decentralized finance: Protocols, risks, and governance. Foundations and Trends in Privacy and Security, 5(3), 144-188.

Carapella, F., Gatti, F., & Mazzoleni, A. (2022). Regulatory approaches to decentralized finance: A comparative analysis. Journal of Financial Regulation and Compliance, 30(3), 318-336. https://doi.org/10.1108/JFRC-07-2021-0122

Dhillon, A., & Mohaisen, A. (2017). Blockchain technology as a financial innovation. Journal of Emerging Technologies in Accounting, 14(2), 83-93. https://doi.org/10.2308/jeta-51752

Gudgeon, L., Diefenbach, S., & Wehn, U. (2020). The risks of liquidity in decentralized finance. Blockchain: Research and Applications, 1(2), 100004. https://doi.org/10.1016/j.block.2020.100004

HMADOUCH, Y. A., & AKAABOUNE, M. (2019). Rôle des politiques monétaires non conventionnelles dans la stabilité financiére: leçons des mesures de la BCE en épisodes de crise. Finance & Finance Internationale, (16).

HMADOUCH, Y. A. (2020). Quels arguments pour l'adoption d'un mandat dual de politique monétaire au Maroc ? Revue Economie, Gestion et Société, 1(24).

Hmadouch, Y. A. (2022). Éventuelles implications de la sortie de la fixité du régime de change sur le choix d’une nouvelle stratégie monétaire : recommandations aux autorités monétaires marocaines. International Journal of Financial Studies, Economics and Management, 1(1), 87-103.

HMADOUCH, Y. A. (2023). Essai de theorisation des canaux de transmission issus des instruments de la politique monetaire dans le contexte d’un PED: une revue critique du cas marocain avant et apres la liberalisation. Finance & Finance Internationale, 1(26).

Hmadouch, Y. A. (2024). Recommandations à la Banque centrale pour l’instauration d’une politique monétaire islamique au Maroc: quels instruments et quels prérequis?. International Journal of Research in Economics and Finance, 1(1), 1-12.

Li, Z., Wang, F., & Zhang, H. (2022). Security risks in decentralized finance: A survey. IEEE Transactions on Dependable and Secure Computing. Advance online publication. https://doi.org/10.1109/TDSC.2022.3165565

Makarov, I., & Schoar, A. (2022). Cryptocurrencies and decentralized finance (DeFi). Brookings Papers on Economic Activity, 2022(1), 141-215.

Mohan, A. (2022). Automated market makers: Transforming decentralized trading. Journal of Financial Technology, 5(1), 20-32. https://doi.org/10.1007/s42043-022-00001-2

Ozili, P. K. (2022). Decentralized finance research and developments around the world. Journal of Banking and Financial Technology, 6(2), 117-133.

Patel, V., Kumar, S., & Gupta, P. (2022). Technological developments in decentralized finance: A comprehensive overview. Journal of Blockchain Research, 3(1), 45-59. https://doi.org/10.1007/s43203-022-00001-0

Piñeiro-Chousa, J., Šević, A., & González-López, I. (2023). Impact of social metrics in decentralized finance. Journal of Business Research, 158, 113673.

Qin, K., Zhou, L., Afonin, Y., Lazzaretti, L., & Gervais, A. (2021). CeFi vs. DeFi--Comparing Centralized to Decentralized Finance. arXiv preprint arXiv:2106.08157

Qin, Y., Wu, Y., & Chen, R. (2021). Decentralized exchanges: Opportunities and challenges for the blockchain ecosystem. Financial Innovation, 7(1), 1-20. https://doi.org/10.1186/s40854-021-00283-y

Schär, F. (2021). Decentralized finance: On blockchain and financial inclusion. Journal of Financial Stability, 32, 100606. https://doi.org/10.1016/j.jfs.2021.100606

Schueffel, P. (2021). Defi: Decentralized finance-an introduction and overview. Journal of Innovation Management, 9(3), I-XI.

Schueffel, P. (2021). DeFi: The future of finance?. Financial Innovation, 7(1), 1-12. https://doi.org/10.1186/s40854-020-00221-5

Schwiderowski, J., Pedersen, A. B., Jensen, J. K., & Beck, R. (2023). Value creation and capture in decentralized finance markets: Non-fungible tokens as a class of digital assets. Electronic Markets, 33(1), 45.

Tian, Y., Li, Y., & Huang, H. (2020). Tokenization of assets: Unlocking value in the digital age. Journal of Digital Banking, 5(2), 103-116. https://doi.org/10.1057/s41261-020-00123-9

Truchet, D. (2022). Governance in decentralized finance: Challenges and opportunities. Journal of Governance and Regulation, 11(4), 53-65. https://doi.org/10.22495/jgrv11i4art6

Werner, S., & Kreuter, M. (2022). Understanding the challenges of decentralized finance: A review of existing literature. Journal of Risk and Financial Management, 15(3), 1-24. https://doi.org/10.3390/jrfm15030082

Werner, S., Perez, D., Gudgeon, L., Klages-Mundt, A., Harz, D., & Knottenbelt, W. (2022, September). Sok: Decentralized finance (defi). In Proceedings of the 4th ACM Conference on Advances in Financial Technologies (pp. 30-46).

Wronka, P. (2023). Decentralized governance models in DeFi: Balancing risk and innovation. Journal of Financial Regulation and Compliance. Advance online publication. https://doi.org/10.1108/JFRC-07-2021-0123

Zetzsche, D. A., Arner, D. W., & Buckley, R. P. (2020). Decentralized finance. Journal of Financial Regulation, 6(2), 172-203.

Downloads

Publicado

2024-10-14

Como Citar

AIT HMADOUCH, Y. (2024). Decentralized Finance: A Future Research Agenda. Economics, Management & Social Sciences, 2(1), e202504. https://doi.org/10.23882/emss24116