Review and Systemizing of Financial Innovation Theoretical Approaches: Forming and Development Process

Over the past decades the global fnancial system has undergone a number of major changes. The digitalization process has a major impact on the fnancial industry. One of the main features of this industry today is active innovation process. Financial innovations are a tool for improving the quality o...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autor principal: M. K. Khabekova
Formato: article
Lenguaje:EN
RU
Publicado: North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2019
Materias:
Acceso en línea:https://doaj.org/article/41883bd6c20e4a36b5ddecb5adc8d8a0
Etiquetas: Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
id oai:doaj.org-article:41883bd6c20e4a36b5ddecb5adc8d8a0
record_format dspace
spelling oai:doaj.org-article:41883bd6c20e4a36b5ddecb5adc8d8a02021-11-12T10:46:09ZReview and Systemizing of Financial Innovation Theoretical Approaches: Forming and Development Process1726-11391816-859010.22394/1726-1139-2019-2-96-103https://doaj.org/article/41883bd6c20e4a36b5ddecb5adc8d8a02019-04-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/1043https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590Over the past decades the global fnancial system has undergone a number of major changes. The digitalization process has a major impact on the fnancial industry. One of the main features of this industry today is active innovation process. Financial innovations are a tool for improving the quality of fnancial system development in the context of global competition and globalization. However, the scientifc community still does not pay enough attention to empirical evidence of the impact of new fnancial instruments on the economy development. The article includes a review and systematization of theoretical approaches to the development of the term “fnancial innovations”, the concept of fnancial innovations and an assessment of their impact on the development of the fnancial system and the economy generally. The paper presents the defnitions and classifcation of fnancial innovations by scientists and researchers in this industry. Also discussed are argumentative issues about the characteristics and features of fnancial innovations.M. K. KhabekovaNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articleinnovationfinancial innovationfinancial systemmodern technologiesdigitalizationPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 2, Pp 96-103 (2019)
institution DOAJ
collection DOAJ
language EN
RU
topic innovation
financial innovation
financial system
modern technologies
digitalization
Political institutions and public administration (General)
JF20-2112
spellingShingle innovation
financial innovation
financial system
modern technologies
digitalization
Political institutions and public administration (General)
JF20-2112
M. K. Khabekova
Review and Systemizing of Financial Innovation Theoretical Approaches: Forming and Development Process
description Over the past decades the global fnancial system has undergone a number of major changes. The digitalization process has a major impact on the fnancial industry. One of the main features of this industry today is active innovation process. Financial innovations are a tool for improving the quality of fnancial system development in the context of global competition and globalization. However, the scientifc community still does not pay enough attention to empirical evidence of the impact of new fnancial instruments on the economy development. The article includes a review and systematization of theoretical approaches to the development of the term “fnancial innovations”, the concept of fnancial innovations and an assessment of their impact on the development of the fnancial system and the economy generally. The paper presents the defnitions and classifcation of fnancial innovations by scientists and researchers in this industry. Also discussed are argumentative issues about the characteristics and features of fnancial innovations.
format article
author M. K. Khabekova
author_facet M. K. Khabekova
author_sort M. K. Khabekova
title Review and Systemizing of Financial Innovation Theoretical Approaches: Forming and Development Process
title_short Review and Systemizing of Financial Innovation Theoretical Approaches: Forming and Development Process
title_full Review and Systemizing of Financial Innovation Theoretical Approaches: Forming and Development Process
title_fullStr Review and Systemizing of Financial Innovation Theoretical Approaches: Forming and Development Process
title_full_unstemmed Review and Systemizing of Financial Innovation Theoretical Approaches: Forming and Development Process
title_sort review and systemizing of financial innovation theoretical approaches: forming and development process
publisher North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate 2019
url https://doaj.org/article/41883bd6c20e4a36b5ddecb5adc8d8a0
work_keys_str_mv AT mkkhabekova reviewandsystemizingoffinancialinnovationtheoreticalapproachesforminganddevelopmentprocess
_version_ 1718430762345168896