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Fintech: Current trends and challenges for monetary policy
https://doi.org/10.32609/0042-8736-2019-4-137-151
Abstract
The article describes the features of the current stage of development of financial technologies. This process has become a reaction to the post-crisis tightening of regulatory requirements for traditional financial institutions and increasing credit risks. The introduction of financial technologies that broaden the availability of financial services not only creates conditions for increasing business activity, but also forms challenges for traditional banks and monetary authorities. The article discusses the risks of the evolving digital (cashless) society, as well as the possibility and consequences of the emergence of central banks’ digital money.
Keywords
financial technology,
traditional bank,
central bank,
financial intermediation,
digitalization indexes
JEL: E52; E58; F30; G51
About the Author
Anna M. Kiyutsevskaya
Russian Presidential Academy of National Economy and Public Administration
Russian Federation
Moscow
Russian Federation
Moscow
References
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Review
For citations:
Kiyutsevskaya A.M. Fintech: Current trends and challenges for monetary policy. Voprosy Ekonomiki. 2019;(4):137-151. (In Russ.) https://doi.org/10.32609/0042-8736-2019-4-137-151
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