This article covers the opinions and conceptual approaches of scientists aimed at defining electronic money and its essence. Emergence and development stages of electronic money are studied. Different views of classical scholars and researchers in conceptual approaches to the interpretation of electronic money have been studied and analyzed by the author. Informationization of the economy and the introduction of electronic money, different interpretations of electronic money are among them.
In the article discusses the role of money supply and its regulation by the state in the context of the digital economy. It is emphasized that the expansion of electronic money will affect monetary aggregates and also lead to the need for monetary policy coordination. The regulation of money supply by the state is highlighted as essential for controlling inflation, ensuring financial stability, and integrating digital financial instruments. The classification of money aggregates into MO, M1, M2, and M3 and their role in the economy are also analyzed.
The article discusses the origin of money, its modern stage and the fact that it is one of the first inventions of mankind. Leading scientists of the world have studied the issue of the origin of money for many centuries and today conduct many studies. This article analyzes modern studies of the formation of monetary relations. The author conducted a theoretical and critical analysis of the literature devoted to the development of monetary relations. Based on the theoretical analysis, conclusions were made about the forecast of further changes and development of monetary relations.
In this article, digitization of the payment sector has become a real need of the hour, because life in the digital world imposes various demands on financial processes, which innovative technologies, including distributed ledgers and smart contracts, are designed to meet.
This article carried out scientific and theoretical views of foreign and domestic scientists on the development of banking activities as a result of factors of formation of digital assets, improving the circulation of digital assets, scientific and theoretical analysis of data on the management of digital assets in commercial banks.
The article describes a number of risk types that may arise as a result of the digitalization of traditional banking activities as a result of the transformation of banking activities and the level of risk may increase, the most common types of cyber threats aimed at bank customers and banks themselves and their specific aspects, New risk management systems in banks, steps of strategic bank risk management, and author's approaches to effective risk management in the digital environment are presented. Overall, this paper provides insights into the multi-faceted nature of risk posed by commercial banks in the face of transformation and digitization, and what can be done by banks to effectively manage and mitigate this pervasive risk factor and ensure sustainable growth for banks. provides information on the various methods used.
