PROBLEMS OF DIGITALIZATION OF FINANCIAL POLICY IN A MARKET ECONOMY

Authors

  • Turayev Alijon Akmal o'g'li
  • Qurbanov Azimjon Xasanovich
  • Ibragimov Azamat Sobir o'g'li

Keywords:

Key words: Digitalization of finance, market economy, public finance, digital transformation, efficiency of public finance, innovation in finance.

Abstract

Abstract: The article explores current problems associated with the digitalization of financial policy in a market economy. The authors analyze the impact of digital technologies on public financial management, identify challenges that arise in the process of digital transformation of the financial sector and offer recommendations for solving them.

References

References:

Stiglitz, J. E. (2019). Digital Finance and Financial Inclusion: Regulatory and Development Challenges. NBER Working Paper No. 26381.

Tapscott, D., & Tapscott, A. (2016). Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. Penguin.

KPMG International. (2020). The Digitalization of Finance: Challenges and Opportunities. Available at: https://home.kpmg/xx/en/home/insights/2020/06/the-digitalization-of-finance.html

World Economic Forum. (2020). The New Physics of Financial Services – How artificial intelligence is transforming the financial ecosystem. Available at: https://www.weforum.org/reports/the-new-physics-of-financial-services-how-artificial-intelligence-is-transforming-the-financial-ecosystem

International Monetary Fund. (2018). Fintech and Financial Services: Initial Considerations. Available at: https://www.imf.org/en/Publications/Policy-Papers/Issues/2018/03/12/pp030518fintech-financial-services-initial-considerations

G20 Insights. (2021). Digital Finance for All: Policy Frameworks and Regulatory Approaches. Available at: https://www.g20-insights.org/policy_briefs/digital-finance-for-all-policy-frameworks-and-regulatory-approaches/

Demirguc-Kunt, A., & Klapper, L. (2018). Financial Inclusion in a Digital Age. World Bank Policy Research Working Paper No. 8349.

Fintechnews Singapore. (2022). The Impact of Fintech on the Global Economy. Available at: https://fintechnews.sg/65128/featured/the-impact-of-fintech-on-the-global-economy/

Arner, D. W., Barberis, J. N., & Buckley, R. P. (2018). The Evolution of FinTech: A New Post-Crisis Paradigm? Georgetown Journal of International Law, 49(4), 1271-1319.

Tufano, P., & Linder, J. (2020). Can Digital Financial Services Help Low-Income Customers Weather the COVID-19 Crisis? Harvard Business Review. Available at: https://hbr.org/2020/04/can-digital-financial-services-help-low-income-customers-weather-the-covid-19-crisis

Published

2023-11-05

How to Cite

Turayev Alijon Akmal o'g'li, Qurbanov Azimjon Xasanovich, & Ibragimov Azamat Sobir o'g'li. (2023). PROBLEMS OF DIGITALIZATION OF FINANCIAL POLICY IN A MARKET ECONOMY. Лучшие интеллектуальные исследования, 8(2), 31–33. Retrieved from https://web-journal.ru/journal/article/view/1014