Institutional basis for digital economy development in international financial practice

The article examines the institutional basis for digital economy development in the international financial practice. In financial sector globalization and rapid growth of digital technologies, digitalization is becoming a key factor in improving the competitiveness of countries and financial institutions. The article focuses on theoretical approaches to digitalization, analyzes the importance of digital technologies for the global financial markets and financial institutions. The article emphasizes regulation, international coordination, innovation support, and the formation of a digital ecosystem. Examples of successful international initiatives on implementation of central banks’ digital currencies, FinTech solutions and blockchain technologies are presented. The analysis suggests recommendations for improving the institutional environment for digitalization; these include harmonizing regulatory standards, strengthening digital infrastructure, and increasing financial inclusion. The article contributes to a deeper understanding of institutions’ role in the process of economy’s digital transformation and their impact on the international financial system.