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New Financial Reality as Evolution Result of World Financial System

  • Liudmila Guzikova
  • Igor N. Lioukevich
Conference paper
Part of the Eurasian Studies in Business and Economics book series (EBES, volume 9)

Abstract

In recent period the number of studies on the phenomenon called “new economic reality” is sufficiently large. However, the literature does not usually tend to differentiate economic and financial aspects of this phenomenon. Objective of the current study is to identify changes and trends in the world and national financial systems determining the new economic reality and caused by it. As the methods of research analytical and synthetic aspects of the system approach were used. Tendencies of changes in the basic element of financial system—money as the medium of financial-relations, were identified. The paper deals with the role of information technology in the formation of the identified trends. Conclusions about supranational money and suitability of cryptocurrency as the money of new financial reality were made.

Keywords

World financial system Money Monetary system Information technology Cryptocurrency 

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  • Liudmila Guzikova
    • 1
  • Igor N. Lioukevich
    • 1
  1. 1.High School of Public Administration and Financial ManagementPeter the Great Saint-Petersburg Polytechnic UniversitySaint PetersburgRussian Federation

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