Financial innovations for economic growth
https://doi.org/10.34020/1993-4386-2024-2-20-27
Abstract
The article examines the impact of financial innovations to ensure economic growth. The authors attempt to reveal the essence of financial innovations. The directions in which the work on innovation for development is currently focused are considered. For the development of the Russian economy under sanctions, it is proposed to create a convenient and independent international settlement tool that will help reduce the damage from restrictions. One of the ways to solve this problem is the development and implementation of projects related to digital financial assets, such as the use of gold-backed stablecoins for international settlements. Other innovations in the financial sector are also being considered. The further introduction and development of financial innovations in Russia contributes to the renewal of the financial system, increasing the level of financial security and creating favorable conditions for economic growth. These steps can help mitigate the negative effects of sanctions and contribute to the sustainable development of the country's economy in the face of external pressure.
About the Authors
R. R. Yarullin
Ufa Branch of the Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Raul' R. Yarullin – Doctor of Economics, Professor, Professor of the Department of Finance and Credit
Ufa
A. A. Islamova
Ufa Branch of the Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Arina A. Islamova – student
Ufa
V. A. Tonakanyan
Ufa Branch of the Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Vladlena A. Tonakanyan – student
Ufa
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Review
For citations:
Yarullin R.R., Islamova A.A., Tonakanyan V.A. Financial innovations for economic growth. Siberian Financial School. 2024;(2):20-27. (In Russ.) https://doi.org/10.34020/1993-4386-2024-2-20-27
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