Historical evolution of innovations and factors of innovative transformations in the international financial market
https://doi.org/10.35854/1998-1627-2023-4-453-462
Abstract
Aim. The presented study aims to explore the historical evolution of financial innovations and identify the factors of innovative transformations in the international financial market.
Tasks. The authors investigate major innovations in the international financial market; analyze historical factors of the market›s innovative transformation; consider the essence of the impact of the latest technological innovations on the market.
Methods. This study is based on a historical analysis of the development of innovations in the international financial market and its most significant historical transformations.
Results. It is found that innovative transformations are constantly taking place in the international financial market, predominantly as a result of the interaction between many factors. However, the main driver of innovation is the international financial market›s changing requirements for access to finance, which must correspond to sufficient supply in the market to cause radical transformations. Major innovative transformations witnessed by the markets are analyzed and possible scenarios for future transformations in international financial markets are developed.
Conclusions. Conducting a comprehensive study of the historical development of innovations in the international financial market can be useful for achieving a deeper understanding of the market’s historical development and forecasting its future development in the context of innovations and factors influencing innovative transformations. However, these factors can also cause problems for the international financial market if it is not ready to adapt to changing conditions.
About the Author
L. Ghanem
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Lylia Ghanem, 3nd year postgraduate of the Faculty of International Economic Relations
79 Butyrskaya St., Moscow 127015
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For citations:
Ghanem L. Historical evolution of innovations and factors of innovative transformations in the international financial market. Economics and Management. 2023;29(4):453-462. (In Russ.) https://doi.org/10.35854/1998-1627-2023-4-453-462
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