ВЛИЯНИЕ ЦИФРОВИЗАЦИИ НА ФИНАНСОВОЕ РАЗВИТИЕ СТРАН БРИКС
Аннотация
The relevance of this study is that the financial system of the state is the most important basis for the stable and dynamic development of the economy, but the use of digital technology to provide financial services stimulates innovation in the financial sector. In today's world, digitalization is becoming an integral driver for the development of the financial sector, the emergence of more livable and secure products and services. Therefore, the main objective of this paper is to identify the factors of digitalization affecting the financial development of the BRICS countries.
The purpose of this study is to assess the digitalization factors affecting the financial development of Brazil, Russia, India, China and South Africa, as the economies of these countries are developing and have great potential to take a leading position in the financial component of the global economy and financial development in general.
The object of the study is the factors affecting the financial development of the BRICS countries. The subject of the study is a sample of 5 BRICS countries (Brazil, Russia, India, China and South Africa).
In order to fulfill the objective, the following tasks were formulated and solved in the paper: a literature review of studies on the topic, as well as an analysis of the current state of digitalization and the financial sphere of the BRICS countries; monthly data on the variables studied for the period from 2000 to 2019 were collected and econometric models were built.
The results show that Internet users and broadband subscriptions have a positive and significant impact on the financial development of the BRICS countries
The purpose of this study is to assess the digitalization factors affecting the financial development of Brazil, Russia, India, China and South Africa, as the economies of these countries are developing and have great potential to take a leading position in the financial component of the global economy and financial development in general.
The object of the study is the factors affecting the financial development of the BRICS countries. The subject of the study is a sample of 5 BRICS countries (Brazil, Russia, India, China and South Africa).
In order to fulfill the objective, the following tasks were formulated and solved in the paper: a literature review of studies on the topic, as well as an analysis of the current state of digitalization and the financial sphere of the BRICS countries; monthly data on the variables studied for the period from 2000 to 2019 were collected and econometric models were built.
The results show that Internet users and broadband subscriptions have a positive and significant impact on the financial development of the BRICS countries