Directions of transformation of the financial market infrastructure
Financial markets have adopted measures aiming at strengthening insurance industry and digital financial assets. Efforts have also been made to strengthen the financial sector and expand lending opportunities in times of economic turmoil. The role of the central banks as a mega-regulator have played a crucial role in implementing coordinated policies and improving the stability of the financial sector. This review paper analyses 100 papers and proposes recommendations for policy makers. The results confirm the financial sector has shown positive performance indicators, and the capital market has become increasingly important along with non-credit financial institutions. However, the growing number of first-time investors in the capital market requires a renewed focus on consumer protection and financial literacy. In addition, the development of digital technologies has changed the landscape of financial services, forcing financial institutions to fight for continued customer loyalty.
Authors
- М. Л. Дорофеев (ORCID: https://orcid.org/0000-0002-2829-9900)
- Мафура Уандыкова (ORCID: https://orcid.org/0000-0001-5229-335X)
- Natalia Dedyukhina (ORCID: https://orcid.org/0000-0001-5774-5271)
- Diana Stepanova (ORCID: https://orcid.org/0000-0001-5981-6889)
- Alexey Mikhaylov (ORCID: https://orcid.org/0000-0003-2478-0307)
- Gulnar Talapbayeva (ORCID: https://orcid.org/0000-0001-5162-6028)
- Vera Ivanyuk (ORCID: https://orcid.org/0000-0001-6402-3832)
- Assel Yeleukulova
- Tatyana Cherkesova
Institutions
- Plekhanov Russian University of Economics (RU)
- Financial University (RU)
- Peter the Great St. Petersburg Polytechnic University (RU)
- Government of Russia (RU)
- Narxoz University (KZ)
- Western Caspian University (AZ)
- Korkyt Ata Kyzylorda State University (KZ)
- Petersburg State Transport University (RU)
Publication Details
- Journal
- Journal of Infrastructure Policy and Development
- Published
- 2024-10-28
- DOI
- https://doi.org/10.24294/jipd.v8i12.6531
- Citations
- 1
- Primary Topic
- Economic Development and Digital Transformation
- Type
- article
- Field-Weighted Citation Impact
- 0.83
Funders
- Ministry of Science and Higher Education of the Russian Federation