Evolution of the Financial Market. Cryptocurrency
https://doi.org/10.22394/1726-1139-2018-5-77-85
Abstract
The article is devoted to the causes of the origin, the consequences of the functioning of the crypto currency and the prospect of restructuring the modern financial system on the basis of blocking technology. The article shows that the crypto currency emerged as an evolutionary stage in the development of the world payment system, that the modern financial system is developing in a dead-end direction, that the use of crypto currency and its derivatives in practice can destroy the world payment system and world financial market from within. It is suggested that, based on the technology of the block, a modern financial system can be restructured.
About the Author
A. Ya. Zaporozhan
Russian Presidential Academy of National Economy and Public Administration (North-West Institute of Management of RANEPA).
Russian Federation
Anatoly Ya. Zaporozhan, Professor of the Chair of Economics, Doctor of Science (Economics), Professor.
Russian Federation
Anatoly Ya. Zaporozhan, Professor of the Chair of Economics, Doctor of Science (Economics), Professor.
Review
For citations:
Zaporozhan A.Ya. Evolution of the Financial Market. Cryptocurrency. Administrative Consulting. 2018;(5):77-85. (In Russ.) https://doi.org/10.22394/1726-1139-2018-5-77-85
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