Monetary History and Money Types in Digital Economy

Abstract

The history of monetary supply in a digital economy is a matter of concern in the paper. In fact, the dynamics of all economy fields provoke monetization and development of new types of money. Furthermore, the opposite interdependent process is also possible, i.e. the diversity of money contributes to the advancing of economy development and society in general. The article dwells upon the development and current situation in introducing electronic money and electronic funds transfer systems in Russia. The authors review the main stages of monetization, its development and current affairs in the context of economic globalization and digital technology development. It proves the necessity to maintain total financial supervision on the part of the government in the society, since electronic money ramps up payment disintermediation that is facilitated by means of information technology at present-day time. The authors point out the facts mentioned above to be the introduction of unique monetary phenomena in modern economy that are worth to be scientifically-based.

International river and sea transportation: Specifics of risk management in cryptocurrency transactions

“…6. Failure to consider global factors: risk assessment may not take into account global economic and political changes that can affect the price of cryptocurrency [8].…”

Digital Transformation Of Russian Economy In Contemporary Conditions

“…We believe that it is crucial to https://doi.org/10. 15405/epsbs.2021.06.03.66 Corresponding Author: Krasota Tatyana Grigoryevna Selection and peer-review under responsibility of the Organizing Committee of the conference eISSN: 2357-1330 497 establish efficient digital economy institutions that would ensure the efficiency and productivity of its ongoing development (Krasota et al, 2019;Krasota et al, 2020). These institutions promote digital development through on-going processes in the economy and form the foundation for the efficient development of modern-day Russian society.…”

Digitalization Of The Russian Economy In The Context Of Technological Changes

“…We see the specifics of the digitalization of the Russian economy in the fact that a new principle of interaction of factors of production is being formed and is operating, which is based on information technology platforms that change the value of limited economic resources. Digitalization covers everything related to computers, software, mobile communications and data transmission in a specific territory (Krasota et al, 2019). It seems to us that the central element of the digital economy is the increase in labour productivity in new and traditional industries through the use of digital technologies in the processing and transmission of information based on Internet resources and mobile communications.…”