Digital Finance and Economic Transformation in the New Era

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Technology and Innovation".

Deadline for manuscript submissions: 31 December 2026 | Viewed by 1346

Special Issue Editor


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Guest Editor
Department of Financial and Business Systems, Faculty of Agribusiness & Commerce, Lincoln University, Christchurch 7467, New Zealand
Interests: commercial banking; micro-finance; rural finance; development economics; financial economics; Asian economy; banking; digital finance; cyber risk and cyber fraud
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Special Issue Information

Dear Colleagues,

This Special Issue is dedicated to the International Conference on Economic and Business Development in the Digital Era (ICEBDDE 2025).

In an era of rapid technological advancement, digital finance has emerged as a transformative force reshaping global economies, redefining business paradigms, and challenging traditional financial systems.  This Special Issue seeks to explore the pivotal role of digital finance—encompassing innovations in blockchain, cryptocurrency, central bank digital currencies (CBDCs), AI-driven financial technologies, and decentralized finance (DeFi)—in driving structural economic transformation across industries and nations.

Contributions are invited to examine both the opportunities and challenges of this transformation, including (but not limited to) the following:

  • Digital Financial Infrastructure: Blockchain applications, CBDC implementation, and smart contract ecosystems.
  • Emerging Business Models: FinTech-driven lending platforms, tokenized assets, and algorithmic trading.
  • Policy Frontiers: Regulatory frameworks for crypto-assets, cross-border payment systems, and cybersecurity in finance.
  • Socioeconomic Impact: Digital finance’s role in reducing inequality, enabling SME access to capital, and fostering green investments.

By bridging theoretical rigor with actionable insights, this Special Issue aims to chart pathways for inclusive, resilient, and future-ready economies in the digital age.

Prof. Dr. Christopher Gan
Guest Editor

Manuscript Submission Information

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Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • e-commerce
  • digital finance
  • green finance
  • sustainability
  • FinTech
  • digital economy
  • circular economy

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Published Papers (1 paper)

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Research

15 pages, 264 KB  
Article
Digital Financial Inclusion and Economic Growth: Multi-Dimensional Evidence from Coverage, Depth, and Digitisation
by Shancheng Hu, Weiyi Xiang and Yichao Wan
J. Risk Financial Manag. 2026, 19(4), 284; https://doi.org/10.3390/jrfm19040284 - 14 Apr 2026
Viewed by 693
Abstract
Using panel data from 278 Chinese prefecture-level cities during 2011–2019, this study employs two-way fixed effects and instrumental variable (2SLS) models to investigate how the distinct dimensions of digital financial inclusion (DFI)—coverage breadth, usage depth, and digitisation level—affect urban economic growth. The results [...] Read more.
Using panel data from 278 Chinese prefecture-level cities during 2011–2019, this study employs two-way fixed effects and instrumental variable (2SLS) models to investigate how the distinct dimensions of digital financial inclusion (DFI)—coverage breadth, usage depth, and digitisation level—affect urban economic growth. The results reveal substantial heterogeneity across these DFI dimensions. The expansion of coverage breadth significantly and robustly promotes city-level economic growth. In contrast, greater usage depth exerts a negative effect, possibly due to regulatory lags in internet credit and insurance that intensify financial risks. The digitisation level shows a positive but statistically insignificant impact, indicating that digital infrastructure has not yet been fully transformed into growth-enhancing productivity. Furthermore, the regional heterogeneity analysis reveals a stark divergence: DFI acts as a crucial growth engine in the financially underserved central and western regions, whereas excessive financialisation has exerted a crowding-out effect in eastern cities. These findings suggest that policy efforts should prioritise broadening DFI coverage while strengthening the regulation of usage-related activities, thereby balancing financial innovation with systemic stability. Full article
(This article belongs to the Special Issue Digital Finance and Economic Transformation in the New Era)
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