Financial stability in the digital age: conceptual approaches and directions of regulation

Klioutchnikov I.K., Zatevakhina A.V. JATS‑XML (OAI)

The article examines the changes that occur in finance, under the influence of innovative introduction into the digital technologies industry. The key points of change are settlements, financial services, and exchange trading platforms. They summarized a wide range of innovations in finance and they are basic for understanding the conditions for stabilizing the industry.

The transition to digital technologies for Finance is of great importance. Digital innovations are introduced to improve the competitive positions of market participants, to improve and expand the service capacity that is aimed at strengthening and improving the competitive position of players and stability in the financial system. However, on the other hand, they increase the instability and uncertainty that undermines the stability.

Also these innovations have had a significant impact on the stability and uncertainty of the whole system and redefine the events in the «chaos – order». In financial theory we have the tools that allows to assess the likelihood, the levels of financial certainty and stability, as well as to consider mechanisms for dissemination of financial innovations and understand the extent of their participation in the financial disturbances and failures. This article suggests some approaches that allow to take into account changes under the influence of digital technologies in the settlements, financial services and exchange trading, as well as changes in oversight responsibilities.

Funding
This research received no external funding.

How to Cite

(1)
Klioutchnikov, I. K.; Zatevakhina, A. V. Financial Stability in the Digital Age: Conceptual Approaches and Directions of Regulation. Ученые записки Международного банковского института 2017, No. 2 (20), 7-30.
CC BY-NC 4.0 CC Attribution-NonCommercial 4.0 International

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