scholarly journals Ensuring Sustainable Development of the National Financial Market Based on Digital Financial Services

2021 ◽  
Vol 93 ◽  
pp. 02029
Author(s):  
Mikhail Loginov ◽  
Natalia Usova ◽  
Aigerim Baigotanova
Keyword(s):  
Sustainable Development ◽  
Financial Market ◽  
National Economy ◽  
Financial Services ◽  
Current Situation ◽  
Digital Transformation ◽  
Financial Assets ◽  
Medium Term ◽  
Mechanism Of Interaction ◽  
Theoretical Foundations

The article is devoted to the development of the national financial market and ensuring its stability on the basis of digital transformation. Subject of research: digitalization of the financial market. The aim of the study is to study the theoretical foundations of the financial market and determine the priorities of its development based on the digitalization of services to ensure sustainable development in the medium term. Method of research. in the process of writing, the authors used such methods as analysis, grouping, comparison, and synthesis. Results: 1. The features of digitalization of services provided in the national financial market are disclosed. 2. The mechanism of interaction of the main participants in the digital financial assets market is presented and their characteristics are given. 3. Measures for digital transformation of the national financial services market are proposed, taking into account the current situation in the national economy. Scientific novelty: the mechanism of interaction of the main participants in the digital financial services market was determined, measures for the digital transformation of the financial services market were proposed.

scholarly journals Digital transformation of the financial industry: The substance and trends

Upravlenets ◽  
2020 ◽  
Vol 11 (3) ◽  
pp. 72-81
Author(s):  
Ivan Kotliarov
Keyword(s):  
Financial Market ◽  
Financial Services ◽  
Global Economy ◽  
Digital Transformation ◽  
Methodological Framework ◽  
Financial Industry ◽  
Distinctive Features ◽  
Financial Products ◽  
Analysis And Synthesis ◽  
Unified Description

Digital transformation (digitization) of the financial industry is the reason behind the deep change in the models of interaction between actors in the financial market. However, a generally accepted interpretation of digitalization has not yet been proposed. The paper discusses the distinctive features of the financial industry digitalization and uses them as a basis for offering a unified description of the nature of this transformation. The methodological framework is the notion of three types of innovation – technology, organization, and product. The research methods used in the article are analysis and synthesis. The paper demonstrates how the types of innovation determine the nature of the digital transformation of the financial industry and how they are manifested in various digital financial products. Digital transformation of finance includes two aspects: (a) Fintech revolution, i.e. technological companies entering the financial market, and (b) adoption of innovative digital technologies by traditional financial companies. We propose the 4U model to describe the marketing aspect of the financial industry digital transformation and introduce the concept of flexible finance as a way to provide financial services that suggest lower liability of financial institutions. The research results show that, firstly, digital transformation of the financial industry is not limited to the technological aspect but also includes organizational and product-related elements. Secondly, the trends in the financial industry digitalization are similar to those in the digital transformation of the global economy.

scholarly journals DIGITAL IMPERATIVES FOR THE DEVELOPMENT OF THE FINANCIAL MARKET OF THE NATIONAL AND WORLD VECTOR

2021 ◽  
Vol 5 (40) ◽  
pp. 365-377
Author(s):  
O. Vovchak ◽  
A. Kravchenko ◽  
T. Andreykiv
Keyword(s):  
Financial Market ◽  
Precious Metals ◽  
Close Correlation ◽  
Jel Classification ◽  
Digital Transformation ◽  
Financial Assets ◽  
Financial Indicators ◽  
Technical And Fundamental Analysis ◽  
Force Majeure ◽  
The Impact

Аbstract. Trends in the modern financial market are characterized by new challenges of the financial environment and the impact of digital transformation, which form abnormal areas of development. Defining trends, digital models, determinants and technologies of the financial market has become an urgent necessity. The object of the study is the trends in the Ukrainian financial market and global markets of financial derivatives, Forex, ОТС markets group under digital transformation. For this purpose, we have applied the methods of nonlinear dynamics, time series, technical and fundamental analysis, modeling, forecasting, market divergence, fluctuations and behaviorism. The study of the financial market has identified: the dominant trend in digital imperatives and digital technologies of the financial space; the cyclic and behavioristic development of the Ukrainian financial market; the growth in actualization of activities of Ukrainian financial institutions, which is associated with the alternative parabanking services; higher growth rates (3,3 units) of exchange transactions with precious metals, the dependence of the dynamics of currency on the impact of the global digital imperatives; the growth in OTC derivatives trades (the rate of growth of 1.1 units). Determinants of trends financial market are: financial and economic policy, digitalization of society, force majeure. The study of forecast patterns of changes in trends has enabled to determine the economic and mathematical model for calculating the index of forecasting the price of a digital financial asset and income from a transaction with cryptocurrency. A close correlation-regressive relationship (linear R2 = 0.6361, exponential R2 = 0.6948, power R2 = 0.7142) of the cryptocurrency exchange rate from the trading interest is determined (the elasticity coefficient is 2.7 units). Keywords: financial indicators, determinants, financial assets, derivatives, patterns, digital financial technologies, forecasting, Forex, OTC. JEL Classification G12, G13, G17 Formulas: 3; fig.: 7; tabl.: 3; bibl.: 16.

scholarly journals The role of the state in ensuring digital transformation of banking sector

2021 ◽  
Vol 112 ◽  
pp. 00021
Author(s):  
Yulia B. Bubnova
Keyword(s):  
Financial Market ◽  
Financial Services ◽  
Banking Sector ◽  
Digital Transformation ◽  
Operating Conditions ◽  
Market Regulation ◽  
Financial Market Regulation ◽  
Role Of The State ◽  
Provision Of Services ◽  
Digital Capital

In the age of digital technologies, the main factor of competitiveness in the financial market is “digital capital”. Using developments in the field of information technology, banks change the format and methods of providing their products and services, participate in the provision of services that are not typical for them. In such circumstances, banks have to completely transform their business and build it on the basis of platforms. Changes in the operating conditions of the financial market entail changes in the rules of conduct on it and approaches to its regulation. Investing in technologies, creating and developing ecosystems require significant financial investments from banks, which not all banks can afford. This research analyzes the possibilities of using digital capital by the most successful Russian banks in building and developing ecosystems. The main models of banking ecosystems used in Russian practice are systematized. The necessity of state participation in financial support of the digital transformation of the banking sector is justified. The steps taken by the Bank of Russia in this direction are evaluated. The article summarizes the Bank of Russia’s efforts to develop approaches to financial market regulation to ensure information security and prevent financial isolation. Steps taken by the regulator to ensure an equal access to financial services for all citizens, equal opportunities for competition of various financial market players.

scholarly journals ACCOUNTING SUPPORT OF THE FINANCIAL ASSET MANAGEMENT AT THE ENTERPRISE

2019 ◽  
pp. 116-130
Author(s):  
Oksana LIUBAR
Keyword(s):  
Financial Market ◽  
Asset Management ◽  
Financial Services ◽  
Financial Resources ◽  
Financial Asset ◽  
Financial Assets ◽  
Accounts Receivable ◽  
Economic Information ◽  
Financial Investments

Financial assets are one of the key categories of the financial world. Different segments of the financial market (credit, stock, currency, financial services market) are characterized by different categories of financial assets, the circulation of which mediates the movement of funds both within the country and abroad. Effective movement of financial resources nationally or internationally is performed under involvement of financial assets. As a rule, obtaining or control of financial assets determines the motivation of participants of the financial or commercial transactions. The essence of financial assets as an economic category is revealed. The main characteristics of the financial asset are presented. It is established that financial assets for accounting purposes should be defined as money and their equivalents; long-term and current financial investments; accounts receivables for products (goods), services, bills received; accounts receivable for the purchase of financial investments, accounts receivable under loan agreements. Special attention is paid to the procedure of accounting of financial assets at the enterprises, covering the process from the initial registration of the economic information to reporting.

scholarly journals Structural Development of Russian Economy: Assessing the Condition and Prospects of Speeding-Up

2021 ◽  
pp. 42-67
Author(s):  
O. V. Morozov ◽  
M. A. Vasiliev
Keyword(s):  
National Economy ◽  
Actual Condition ◽  
Structural Development ◽  
Quality Model ◽  
Medium Term ◽  
Sectoral Structure ◽  
Russian Economy ◽  
State Governance ◽  
Theoretical Foundations

In the practice of state governance economic development is usually estimated by comparing macro-economic indicators for the period being evaluated with relevant preceding periods. The article studies a non-conventional – structural approach to estimating the development of sectoral structure of Russian economy. The period of 10 years, i. e. from 2011 to 2020 was analyzed, at the same time the possibility of accelerated development in the medium-term (2023) and long-term (2036) periods was investigated. The authors provide theoretical foundations of the research, indicators of structural development, the procedure and algorithms of their estimation. The criterion and quality model of passing-over from the actual condition to the optimal combination of sector scales were identified. By comparing the actual and model (estimated) indicators of sector scales the trend and nature of structural development of national economy were evaluated, as well as its capacity to develop rapidly in future periods. The findings show that harmonization of indicators of diversity and uniformity, changeability and stability in sectoral structure forms a structural precondition for the development of national economy. These indicators can be used by bodies of state governance in the process of devising strategy of accelerated development of economy in general and its industries.

scholarly journals Definition of investment strategy for sustainable development of regional economies

2019 ◽  
Vol 2 (4) ◽  
pp. 108-115
Author(s):  
Rakhimberdiev Oybek Alisher ugli
Keyword(s):  
Sustainable Development ◽  
Investment Strategy ◽  
Current Situation ◽  
Regional Economies ◽  
Situation Analysis ◽  
Current Situation Analysis ◽  
Definition Of ◽  
Theoretical Foundations ◽  
Future Plans

This article is discussed that the theoretical foundations of determining the investment strategy for sustainable development of the region’s economy, as well as the current situation, analysis and future plans.

DIGITAL TRANSFORMATION IN COMPANIES OF FOOD INDUSTRY IN BULGARIA: CHALLENGES AND TRENDS

2019 ◽  
pp. 494-497
Author(s):  
Ivelina Kulova
Keyword(s):  
Food Industry ◽  
Current Situation ◽  
Digital Transformation ◽  
Digital Transition ◽  
Comprehensive Picture

The purpose of this study is to investigate how companies from food industry in Bulgaria cope with the challenges and trends of the digital transformation. The analysis is based on data from specialized literature and statistics of NSI, EUROSTAT, Siemens and GBCIC, McKinsey Global Institute, IFAC, etc. to draw a comprehensive picture of the degree of digitization penetration in the enterprises of the food industry in Bulgaria. The results illustrate the complexity of the digital transformation of enterprises of food industry in Bulgaria and the challenges they are facing in their digital transition. This study can be a reliable reference for the industry to understand the current situation and the challenges of digitization.

Assessment and analysis of efficiency system management by innovative factors for sustainable development of national economy from the position satisfaction of vital interests population in Ukraine

2019 ◽  
pp. 6-16
Author(s):  
Оксана Василівна Бондар-Підгурська ◽  
Алла Олександрівна Глєбова
Keyword(s):  
Sustainable Development ◽  
Human Development ◽  
National Economy ◽  
Public Debt ◽  
Methodological Approach ◽  
State Regulation ◽  
Point Of View ◽  
Financial Policy ◽  
System Management ◽  
Stage Of Development

The scientific and methodological approach to the evaluation and analysis of the efficiency of system management by innovation factors for sustainable development of national economy from the point of view satisfaction vital interest’s population is developed. This is the calculation of the modernized index human development based on the adjective model based on 26 indicators (social, economic and environmental subsystems), as well as using the methods of the main components and the slip matrix. The resultant value is the modernized Human Development Index (MHDІ) of Ukraine. The architectonics MHDІ of Ukraine in 2007–2017 from the position of sub-indices of the ecological, social and economic subsystems is analyzed. Consequently, the scientific and methodological approach based on the MHDI change allows us to draw conclusions regarding the effectiveness of the work and public administration bodies in the context of making managerial decisions regarding the satisfaction of the vital interest’s population. MHDI considers the main regulated parameter of the system management in the innovation factors of sustainable development in socially oriented economy. The tendency of steady decline MHDI of Ukraine in 2007–2017 on 53.45 % was confirmed, which confirms inefficient state regulation of crisis situations in Ukraine. In order to increase the efficiency management of innovative factors by sustainable development of the national economy, from the standpoint of satisfaction vital interest’s population, it is proposed to intensify the use of public debt and savings bonds, market and non-market methods of relief and debt load. This is due to the fact that at the current stage of development in the national economy, public external debt is one of the most significant indicators of the state economy. It is at the same time a criterion for the effectiveness of public financial policy, as well as a threat and opportunity for the Ukrainian economy. In order to optimize its size, various methods, approaches, tools are used. Based on the analysis of world experience, it has been established that the securities market, in particular debt securities, plays a strategic role in regulating this issue. Therefore, it makes sense to recommend government debt bonds and government savings bonds to optimize the amount of external public debt.

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