Formation of the Cashless Economy in Ukraine and in the World

Oleshko, Anna; Tymoshenko, Olena; Trokhymets, Оlena

doi:10.30525/2256-0742/2018-4-2-147-150

Cited by 9 publications

(6 citation statements)

References 2 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Behavioural aspects of financial markets identified in R. Shiller's theory of "financial bubbles" (Shiller, 2008). In the present conditions, this is confirmed by the behaviour of actors in cryptocurrency exchange (Oleshko, Tymoshenko, Trokhymets, 2018). Bitcoin quote at cryptocurrency exchange are volatile, and transactions with cryptocurrency are of high risk.…”

Section: Implementation Of Behaviour Economic Instrumentssupporting

confidence: 72%

Mechanism of Behavioural Economics

Tymoshenko¹,

Trokhymets²

2019

BJES

Self Cite

View full text Add to dashboard Cite

The purpose of the article. The article covers the mechanisms of behavioural economics introducing into the state policy of the country. This problem becomes especially relevant in modern conditions as people tend to make unreasonable economic decisions. The purpose of this paper is to research the irrational motives of individuals’ behaviour in making economic decisions and to determine the measures for introducing the mechanisms of behavioural economics in the state policy of Ukraine. Methodology. The survey is based on the analysis of the scientific papers of the following scientists in economics: A. Smith, K. Marks, J. Bentham, M. Weber, J. Schumpeter, A. Marshall, J. Keynes, H. Simon, H. Becker, V. Smith, D. Kahneman, A. Tversky, Richard H. Thaler, G. Akerlof, R. Shiller; on the empirical analysis and on the analysis of the behaviour economic instruments. The objective of the article is the survey of irrational motives of human behaviour during the decision-making process in economic conditions, to determine the influence of the irrational motives on social and economic development and to develop measures and activities for implementation of behavioural economics mechanisms in the state policy. The subject of the article is theoretical and methodological aspects of the behavioural economics mechanisms in the state policy. The results. The research in the article shows and explains the main trends of the behavioural studies in the modern condition, in particular: behavioural finance, behavioural game theory, the problem of making a choice in time, prospect theory. One of the examples of Herding behaviour shown in the article is the peculiarities of behavioural aspects of financial markets. Special attention is given to the “nudge theory” used by the leading countries. Behavioural economics possess the instruments, which maintain the decent living of the population and sustainable social and economic situation in the society. The results of research represent that the behavioural peculiarities of the society together with the interaction with the state policy result in the distrust of the society to the authority’s representatives. Besides, the low-income level of the population leads to the predominance of survival values in the society, while in the highly developed countries, the values of self-expression dominate. It is proposed to implement behavioural economics mechanisms in state policy of Ukraine while making economic decisions. Conclusions. Due to the new trends in economic development such as informatization, and digitalization, new ways of the economic behaviour of the population take place. One of the key aspects is the psychological approach to the decision-making process in the economic environment. Thus, behavioural economics becomes of great importance in modern society.

show abstract

Section: Implementation Of Behaviour Economic Instrumentssupporting

confidence: 72%

Mechanism of Behavioural Economics

Tymoshenko¹,

Trokhymets²

2019

BJES

Self Cite

View full text Add to dashboard Cite

show abstract

“…A small amount of research on the Ukrainian payment card market and its role in economic development should also be considered. Recent studies (Bublyk, 2016;Sobolieva-Tereshchenko, 2018;Oleshko et al, 2018) suggest mainly a qualitative analysis of the development indicators characterizing the payment card market, its comparison with the indicators provided by other countries, and the conclusions based on logical designs. The analyzed literature fails to reflect in full the issues concerning the existence of a connection between the development parameters of the payment card market in Ukraine and the indicators of its economic development, as well as the trend dynamics of the same connection (Kolodiziev et al, 2020;Kapralov, 2013).…”

Section: Literature Reviewmentioning

confidence: 99%

A cross-impact analysis of the bank payment card market parameters and non-financial sectors’ indicators in the Ukrainian economy

Mints

Kolodiziev

Krupka

et al. 2022

Banks and Bank Systems

View full text Add to dashboard Cite

In Ukraine, card payment systems develop at a rate similar to that of modern digital payment instruments in most European countries. The purpose of the paper is to establish interdependence and explain the nature of changing situations in the market of bank payment cards (BPC) taking into account the dynamics of economic development parameters in non-financial sectors of the Ukrainian economy. The methodology of the study includes graphic methods analyzing the dynamics of economic development indicators and a method for analyzing the cause-and-effect relationship between the studied parameters considered with different lags. Results showed that the most significant parameters for the development of the payment card infrastructure were the level of provision with POS terminals and the share of non-cash transactions. Their correlation with the economic development indicators reached 0.97. Up to the stage when the volume of non-cash payments by cards reached 5% of GDP, the impact of the BPC market on the change in the level of economic development had been insignificant according to the general idea. The development of the economy up to that point stimulated the development of the BPC market. Subsequently, the BPC market that was already sufficiently developed became one of the drivers aimed at the development of non-financial sectors of the Ukrainian economy after overcoming the 5% GDP level.

show abstract

“…Управлінському впливу з боку держави підлягають процеси цифровізації грошового обігу, бан-ківської діяльності та формування безготівкової економіки. Це забезпечить скорочення витрат на обслуговування грошового обігу; зменшення витрат на виготовлення грошей; підвищення захисту від пограбування та підроблення грошей; скорочення тіньового сектору економіки; підвищення прозорості формування доходів і витрат корпорацій, бізнесу, сектору загальнодержавного управління та домогосподарств; скорочення операційних витрат банків, зростання їх комісійних доходів і ліквідності; доступ до додаткових можливостей і сервісів; швидкість транзакцій; можливість розрахунків у будь-якій валюті та країні світу; зручність використання [8].…”

Section: виклад основного матеріалу дослідженняunclassified

Features of Public Administration in the Conditions of Digital Transformation of Ukraine

Simakov¹,

Valina²,

Launikonis³

et al. 2021

EHD

View full text Add to dashboard Cite

The article examines the features of public administration of digital development and the processes of digital transformation of Ukrainian society. The current situation of digitalization of Ukraine, new digital trends and efficiency of state institutions are analyzed. It is determined that the implementation of an active state policy and effective work of state institutions and the Ministry of Digital Transformation of Ukraine is necessary. The main problems that may arise in the process of applying digital technologies in public administration are identified. It is proved that digital transformations in the public sector of Ukraine are the basis of its reform and a potential example for the whole country, how to use the advantages of the "digital" world, which will significantly stimulate the development of open information society as one of the essential factors of democracy in Ukraine. productivity, economic growth, job creation, as well as improving the quality of life of Ukrainian citizens.

show abstract

Formation of the Cashless Economy in Ukraine and in the World

Cited by 9 publications

References 2 publications

Mechanism of Behavioural Economics

Mechanism of Behavioural Economics

A cross-impact analysis of the bank payment card market parameters and non-financial sectors’ indicators in the Ukrainian economy

Features of Public Administration in the Conditions of Digital Transformation of Ukraine

Contact Info

Product

Resources

About