Digitalization today is one of the most global processes that affects all spheres of human life. For the financial market, it is also an integral part of its development. That is why the study of the essence of digitalization of the financial sphere of the economy, the degree of its influence on the segments of the financial market, as well as the features of assessing the level of development of the financial market are the most relevant and important at the present stage of development of economic and financial relations. The article examines the essence of digitalization of the financial market, identifies the prerequisites for the emergence of digitalization in the financial sector. The features of the impact of digitalization on segments of the financial market, such as credit, stock, insurance and monetary markets, are characterized. A methodology for assessing the level of development of the state financial market is proposed
Subject/theme. SWOT analysis of the financial security of modern Russia is carried out herein to identify the prospects for the improvement of the financial security at the macrolevel.Purpose/objectives. The purpose of the article is to analyze the financial security of the state through the example of Russia. To achieve the purpose hereof, it is required to solve the following tasks:To provide the SWOT analysis matrix of the financial security of the Russian Federation.To determine the influence of the strengths on the opportunities and threats to the financial security of the Russian Federation.To determine the influence of the weaknesses on the opportunities and threats to the financial security of the Russian Federation.To quantify the elements of SWOT analysis.To identify the current threats to the financial security of the Russian Federation.To propose the measures to reduce the threats and to improve the level of financial security of the Russian Federation.Methods. The most common and high-quality strategic planning instrument – the SWOT analysis method – is used herein.Results.The imposition of anti-Russian sanctions made it possible to identify the problematic areas of the state, which are a threat to the financial security of the Russian Federation.The following can be identified as the current threats to the financial security of the Russian Federation: the outflow of domestic capital abroad and offshore; the quantitative restriction of money supply when issuing rubles for the growth of foreign exchange reserves; a high level of external public debt; high tax burden on business; weak investment activity and a slowdown in the rate of foreign investment; the instability of the banking system.Despite the considerable pressure from foreign countries, the Russian Federation is taking measures to neutralize the external threats to national security, reducing the possibility of external influence on its international position.Conclusion/relevance.SWOT analysis of the financial security of the state shows that the strengths prevail in the Russian Federation, but there are many weaknesses and external threats. In the aggregate, the field of strengths and opportunities prevails over the field of weaknesses and threats. Consequently, the Russian Federation has the prospects for development, but for further development the strength should be used to neutralize the threats.
In the context of globalization and digitalization of financial relations, the role of the financial market is increasing. The study of the financial market today is very relevant, since it is the most important part of the financial system of the state. The degree and level of its development depends on how efficiently and in a timely manner the country’s strategic tasks will be carried out. The article presents a comprehensive assessment of the financial market of the Russian Federation, which consists of indicators of the development of the credit, stock, insurance and monetary markets. The best and worst years by the level of development have been determined. To identify the prospects for increasing the level of development of the financial market, a SWOT analysis of the financial market of modern Russia was carried out, which made it possible to conclude that strengths prevail in the Russian Federation, but there are many weaknesses and threats of the external environment. Taken together, the field of strengths and opportunities prevails over the field of weaknesses and threats. Consequently, the Russian Federation has development prospects, but for further development it needs to use its strengths to neutralize threats. Based on the analysis of data from statistical sources and analysis of economic literature, measures are proposed to strengthen and improve the credit, stock, insurance and foreign exchange markets.
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Subject / topic. Financial security of the state consists of many constituent elements and can be divided into federal, regional and local levels, each of which conditions financial security of the state in general.Purpose / objectives. The purpose of the article is to define the methods of evaluation of financial security of municipalities. In order to achieve this purpose, it is necessary to solve the following tasks:To define the general stages for financial security assessment of activities of municipalities;To offer the system of indicators for evaluation of financial security of municipalities;To define the borders of financial security of municipalities.Methods.The dialectical method of scientific cognition was applied in studying the role and influence of financial security on the development of the economy of the regional municipalities; methods of monitoring, measuring, analyzing and comparing of indicators that characterize the financial security of the municipalities of the Republic of Crimea have also been applied. Results.The financial security of the region is an essential part of the region's economic security, reflecting the condition and readiness of the financial system of the region to timely, reliable and independent financial provision of economic needs in terms that are sufficient for effective functioning, as well as its ability to withstand internal and external financial threats in changing conditions. The financial security of the region is influenced by intraregional, domestic and external international threats.Conclusion/ Relevance. The main stages of evaluating the financial security of municipalities have been developed: collecting of source data, grouping and calculation of statistical indicators, converting the indicators to a comparable type, calculating integrated financial security indicators for each municipality, evaluating the financial security of municipalities, and allocating of municipalities to financial security levels.
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