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Digitalization is one of the "catalysts" of economic development in any modern state. Accordingly, it has a strong impact on international financial market as a whole. The countries that were among the first to carry out digital transformation in their economies occupy leading positions in terms of socio-economic development. At the moment, global economy is in a rather difficult situation, and the leading countries are still looking for new ways of development that can ease some aspects of economy. The need for rapid implementation and adaptation of international financial market to digital technologies and transformation of international monetary and credit relations are the main trends in international financial market digitalization development in modern conditions. Due to digital technologies development, new participants in financial market are emerging, the range of services provided is expanding, and the quality of the results is improving.
Михаил Косов (Mon,) studied this question.
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