Analysis of modern trends of financial markets development in the context of the digital transformation of world economy
https://doi.org/10.28995/2073-6304-2025-3-143-157
Abstract
Digital transformation of global economy has a significant impact on modern financial markets in different countries. The paper discusses the key features of financial markets functioning in current conditions, considers a wide range of factors, including the introduction of innovative digital financial technologies and artificial intelligence, which affect the development of both the global financial market and the financial markets of individual countries. It is noted that modern development trends require the new rules and standards for regulating activities that ensure consumer protection and financial system stability, since digital transformation of business processes in the economy creates both new opportunities and is associated with increased risks and threats. The authors emphasize importance of sustainable development and sharpening the attention to ESG factors, which are becoming key aspects for many consumers in the modern world. Further to that the evolutionary stages and features of Russia’s financial market development are reviewed along with an analysis of the indicators used to assess the current state of the national financial market.
About the Authors
I. P. Salmanova
Leonov University of Technology, branch of Moscow State University of Geodesy and Cartography
Russian Federation
Russian Federation
Irina P. Salmanova, Cand. of Sci. (Economics), associate professor
bld. 42, Gagarin Street, Korolev, Moscow region, 141074
M. V. Samoshkina
Leonov University of Technology, branch of Moscow State University of Geodesy and Cartography
Russian Federation
Russian Federation
Marina V. Samoshkina, Cand. of Sci. (Economics), associate professor
bld. 42, Gagarin Street, Korolev, Moscow region, 141074
N. V. Babina
Leonov University of Technology, branch of Moscow State University of Geodesy and Cartography
Russian Federation
Russian Federation
Natalya V. Babina, Cand. of Sci. (Economics), associate professor
bld. 42, Gagarin Street, Korolev, Moscow region, 141074
References
1. Adamov, D.V. (2024), “The impact of digital financial technologies on innovative solutions in the financial sector”, RSUH/RGGU Bulletin. “Economics. Management. Law” Series. no. 2, pp. 52-69.
2. Balyuk, I.A. and Balyuk, M.A. (2022), “The problem of asymmetric of development of the global financial market”, Finance: Theory and Practice, vol. 26, no. 6, pp. 72-87.
3. Baranova, I.V., Gapon, M.N. and Golova, E.E. (2022), “Digitalisation of financial services as a direction of Russia’s innovative development”, Russian Journal of Innovation Economics, no. 12 (4), pp. 2583-2598.
4. Bobrov, D.V., Shulus, A.A. and Farisov, F.F. (2020), “The Interdisciplinary Functional Dynamic Approach to the Analysis of the Political System of Modern Society”, Sociology and Law, no. 2 (48), pp. 83-89.
5. Blazhevich, O.G. and Safonova, N.S. (2021), “Features of the of the financial market development in the conditions of digitalization”, Scientific Bulletin: finance, ban king, investment, no. 1 (54), pp. 106-124.
6. Golova, E.E. (2023), “Financial inclusion: new challenges in today’s environment”, Journal of Economics, Entrepreneurship and Law, no. 13 (5), pp. 1663-1682.
7. Judijanto, L. et al. (2024), “Integration of blockchain technology in the financial system: assessing its impact on efficiency, security, and stability of financial markets”, International Journal of Economic Literature, vol. 2, no 1, pp. 41-53.
8. Khan, M.A. et al. (2024), “Do institutional quality, innovation and technologies promote financial market development?”, European Journal of International Management, vol. 22, no. 3, pp. 484-507.
9. Kurilova, A.A. (2022), “Financial inclusivity: concept and measurement”, Nauka, obshchestvo, obrazovanie v sovremennykh usloviyakh: monografiya [Science, society, education in modern conditions, monograph], Nauka i Prosveshchenie, Penza, Russia, pp. 29-38.
10. Lebedeva, D.V. (2024), “The prospects for digital currencies using in the context of modern economic transformations”, RSUH/RGGU Bulletin. “Economics. Management. Law” Series, no. 4, pp. 103-116.
11. Luo H., Wang H. and Wu, Y. (2024), “Digital financial inclusion and tourism development”, International Review of Economics & Finance, vol. 90, pp. 207-219.
12. Maharajabdinul, M. (2024), “Understanding the Linkages Between Financial Markets and Sustainable Economic Development”, Advances in Economics & Financial Studies, vol. 2, no. 2, pp. 76-87.
13. Makhkamova, G.M. and Nyarginen, V.A. (2022), “Modeling of socio-economic development state systems in the context of financial inclusion”, Regional problems of transforming the economy , no. 4 (138), pp. 97-108.
14. Miletkov, M.K. and Staneva, V. (2025), “Financing a Sustainable Future: The Diverging Effects of Equity and Credit Market Development on Corporate Social Responsibility”, Journal of Business Ethics, https://doi.org/10.1007/s10551-025-05967-1, pp. 1-23.
15. Sopilko, N.Yu. and Myasnikova, O.Yu. (2021), “The main trends of digital transformation in the economy of the EAEU countries”, Questions of the regional economy, no. 2 (47), pp. 207–213.
16. Zhigas, M.G. and Kuzmina, S.N. (2023), “Cryptocurrencies as a direction of development in the global financial market”, Bulletin of the Far Eastern Federal University. Economics and Management, no. 1 (105), pp. 71-91.
Review
For citations:
Salmanova I.P., Samoshkina M.V., Babina N.V. Analysis of modern trends of financial markets development in the context of the digital transformation of world economy. RSUH/RGGU BULLETIN. Series Economics. Management. Law. 2025;(3):143-158. (In Russ.) https://doi.org/10.28995/2073-6304-2025-3-143-157
Views:
8
Email this article 