Financial Markets Evolution: From the Classical Model to the Ecosystem. Challengers, Risks and New Features

ISBN-13: 9783030713393 / Angielski / Miękka / 2022

Panova, Galina

Opis

Influenced by technological innovation, banks and their businesses are changing dramatically. This book explores the transformation and prospects of financial market institutions (banks, insurance companies, pension funds and microfinance organizations) in the context of the development of financial innovation, financial engineering and financial technologies, taking into account risks and new opportunities for development.  It presents new approaches to the sustainable development of financial and credit institutions, taking into account the risk management and crisis management of their activities in the macro and microeconomic environment.  Contributors from Russia, Kazakhstan, Azerbaijan, Mongolia, Ireland and Italy present their expert opinions on the practice of financial intermediaries in the conditions of economic transformation under the influence of the 4th Industrial Revolution and the Covid-19 pandemic.  This book includes some of the key debates in this area including the genesis of financial markets in the paradigm of economic digitalization, the evolution of financial intermediaries from the classical model to the ecosystem, and the regulation of neo-banks.  The book will be of interest to academics and practitioners in various spheres of theoretical and empirical knowledge, including economics, finance and banking, who are interested in investigation of the complex of fundamental (international and domestic) trends in the development of financial intermediation in the globalized financial markets.

Spis treści

Chapter 1: Financial Markets: Problems and Prospects.-  Chapter 2: Financial Markets: Current Trends and Factors that Determine the Functioning of Financial and Credit Institutions. Chapter 3: Paradoxes of Financial Market Institutions: Traditions and Ecosystems.- Chapter 4: The role of financial intermediaries in digital economy development.- Chapter 5: Internationalization of Financial Markets. World Financial Centers.- Chapter 6: New Challenges for Financial Market Infrastructure Risk Management Systems.- Chapter 7: Payment Systems in Digital Economy.- Chapter 8: Role of National Currencies in Transforming International Monetary System.- Chapter 9: Monetary Policy: Global Trends and the Development of Bank of Russia's Approaches.- Chapter 10: Financial Innovations, Financial Engineering, and Financial Technologies: Risks or New Opportunities? Innovations and New Financial Technologies in the Practice of Banking.- Chapter 11: Banks and Banking: New Trends and Challenges.- Chapter 12: Transnational and regional banks.- Chapter 13: Analysis of Banks with State Participation Functioning. The Role of Development Banks in the Global and National Dimensions.- Chapter 14: Insurance Companies: Prospective Business Models.- Chapter 15: Insurance of financial and credit institutions.- Chapter 16: Pension Funds and Prospects for Reforming the Russian Pension System as a Condition for the Qualitative Implementation of the State's Social Policy.- Chapter 17: Microfinance Organizations in Russia and Abroad.- Chapter 18: Sustainability Trends in the Russian Banking Sector.- Chapter 19: Responsible Principles in Banks: Short-Term Trend or Inevitability?.-  Chapter 20: Managing the Risks of Financial Intermediaries: Transforming Approaches and Reality.- Chapter 21: Problems of Ensuring the Financial Stability of Financial and Credit Institutions in the Digital Economy.- Chapter 22: Crisis Regulation by Financial Intermediaries.- Chapter 23: Banking Stress-Testing.- Chapter 24: Mega-Regulation of Financial Markets: One Global Trend or Many National Practices?.- Chapter 25: From Traditional Financial Markets to the New Realities of Financial Ecosystems.

O autorze

Galina Panova is Chair of the Department, "Banks, Monetary Circulation and Credit" of the Moscow State Institute of International Relations (MGIMO University), Moscow, Russia. She is also General Director of the Institute of Social-Economic and Investment Projects.

Blurb

Influenced by technological innovation, banks and their businesses are changing dramatically. This book explores the transformation and prospects of financial market institutions (banks, insurance companies, pension funds and microfinance organizations) in the context of the development of financial innovation, financial engineering and financial technologies, taking into account risks and new opportunities for development.  It presents new approaches to the sustainable development of financial and credit institutions, taking into account the risk management and crisis management of their activities in the macro and microeconomic environment.  Contributors from Russia, Kazakhstan, Azerbaijan, Mongolia, Ireland and Italy present their expert opinions on the practice of financial intermediaries in the conditions of economic transformation under the influence of the 4th Industrial Revolution and the Covid-19 pandemic.  

This book includes some of the key debates in this area including the genesis of financial markets in the paradigm of economic digitalization, the evolution of financial intermediaries from the classical model to the ecosystem, and the regulation of neo-banks.  The book will be of interest to academics and practitioners in various spheres of theoretical and empirical knowledge, including economics, finance and banking, who are interested in investigation of the complex of fundamental (international and domestic) trends in the development of financial intermediation in the globalized financial markets.

Galina Panova is Chair of the Department, "Banks, Monetary Circulation and Credit" of the Moscow State Institute of International Relations (MGIMO University), Moscow, Russia. She is also General Director of the Institute of Social-Economic and Investment Projects.