Economics & Sociology

ISSN: 2071-789X eISSN: 2306-3459 DOI: 10.14254/2071-789X
Index PUBMS: f5512f57-a601-11e7-8f0e-080027f4daa0
Article information
Title: The Electronic Payments as a Major Factor for Futher Economic Development
Issue: Vol. 7, No 3, 2014
Published date: 20-09-2014 (print) / 20-09-2014 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Olena Slozko
Anna Pelo
Keywords: digital money nature, e-payments, Information and Communication Technology, monetary policy, international monetary and financial system
DOI: 10.14254/2071-789X.2014/7-3/10
Index PUBMS: 1fb1d8bc-aa13-11e7-8eae-080027f4daa0
Language: English
Pages: 130-140 (11)
JEL classification: B22, C40, C87

The phenomenon of global financial market transformation in the term of IT influence on the world economy is examined in the paper as the result of Information and Communication Technology and financial market integration. The digital nature of global financial-monetary system is actualized in the term of modern problems. Also the paper investigates possible effects of financial transformation on world economic system. The authors believe that it is necessary to transform the financial system according to its information and digital nature.