Skip to main content

Systemic Analysis of the Consequences of the Financial Market Digitization

  • Chapter
  • First Online:
Socio-economic Systems: Paradigms for the Future

Abstract

Market does not produce objects, but passes information about them” (Friedrich August von Hayek). Any market is a means of interaction between manufacturers and consumers, based on a decentralized mechanism of pricing signals, which performs the most important functions in economy: distribution and redistribution of the main production factors; stimulation of development and technical progress; differentiation of revenues of market subjects.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    A Gartner Special Report. Access: https://www.gartner.com/en/doc/432920-top-10-strategic-technology-trends-for-2020 (Accessed: 11.12.2019).

References

  1. von Hayek, A.F.: The fatal conceit. Novosti Publ. Catallaxy 304p (1992)

    Google Scholar 

  2. Chepurin, M.N.: A course in economic theory, 4th edn. Kirov, 752p (1999)

    Google Scholar 

  3. The Global Competitiveness Report (Global Competitiveness Index) https://www.weforum.org/reports/the-global-competitiveness-report-2017-2018

  4. Statistical indicators and information on certain subjects of insurance. Official web-site of the Central Bank of the Russian Federation. URL: https://www.cbr.ru/finmarket/supervision/sv_insurance/?utm_source=w&utm_content=page. Accessed: 12.02.2020

  5. KPMG in Russia.: Digital technologies in Russian companies. Research results. January 2019 . URL: https://assets.kpmg/content/dam/kpmg/ru/pdf/2019/01/ru-ru-digital-technologies-in-russian-companies.pdf. Accessed: 02.02.2020

  6. Abdrakhmanova, G.I., Vishnevsky, K.O., Volkova, G.L., Gokhberg, L.M., et al.: Indicators of the digital economy 2018: statistical collection. I60 National Research University “Higher School of Economics” NRU HSE, 268p (2018). ISBN: 978-5-7598-1770-3

    Google Scholar 

  7. Digital Forest, Top 5 blockchain projects in the insurance sphere (2019). URL: https://digiforest.io/blog/top5-insurance-blockchain-startups. Accessed: 12.02.2020

  8. Bank of Russia. The main directions of development of financial market of the Russian Federation for 2019–2021

    Google Scholar 

  9. Blinova, O.: No blockchain: the future of the insurance market in Russia. Invest-Forecsight: startups, technologies and investments. In: Genkin, A.S., Nikulin, S.S., Frumkin, K.G. (ed.), Publisher solutions, 394p (2018). ISBN: 9778-5-4493-6618-4

    Google Scholar 

  10. Raval, S.: Decentralized applications. Blockchain technology in effect. SPb.: Piter, 240p (2017)

    Google Scholar 

  11. Pestunov, A.I.: Crypto currencies and blockchain: potential applications in state and business. EKO 48(8), 78–92 (2018). http://dx.doi.org/10.30680/ECO0131-7652-2018-8-78-92

  12. Kleiner, G.B.: Systemic accounting of the consequences of digitization of society and the problems of security. Work. Free. Econ. Soc. Russ. 203(2), 63–73 (2018)

    Google Scholar 

  13. Zvyagin, L.S.: Digital economy and crypto currencies: challenge or threat to the traditional society. E-Management 1(2), 80–92 (2019). https://doi.org/10.26425/2658-3445-2018-2-80-92

    Article  Google Scholar 

  14. Bachas, P., Gertler, P., Higgins, S., Seira, E.: Banking on trust: how debit cards enable the poor to save more. NBER Working Papers. No. 23252 (2017)

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Ksenia V. Ekimova .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2021 Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Ekimova, K.V., Kuznetsov, N.V., Larina, O.I. (2021). Systemic Analysis of the Consequences of the Financial Market Digitization. In: Popkova, E.G., Ostrovskaya, V.N., Bogoviz, A.V. (eds) Socio-economic Systems: Paradigms for the Future. Studies in Systems, Decision and Control, vol 314. Springer, Cham. https://doi.org/10.1007/978-3-030-56433-9_40

Download citation

  • DOI: https://doi.org/10.1007/978-3-030-56433-9_40

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-56432-2

  • Online ISBN: 978-3-030-56433-9

  • eBook Packages: EngineeringEngineering (R0)

Publish with us

Policies and ethics