Introduction. The significance of the increased attention to in-depth study financial security (FS) banking system is caused by place and role in ensuring FS investment growth national economy, organization payment turnover stability monetary system, currency its purchasing power, targeting inflation state. Ensuring both Ukraine general individual components, based on their paramount importance...

This paper studies a dynamic equilibrium model of financial innovation with heterogeneous beliefs and competition among sellers of a new security. We show that both volume and price of the security after it is introduced are sensitive to the differing beliefs of participating players. We present conditions for the innovator to continue issuing the new security and for the imitator to enter the ...

Blockchain has drawn attention as the next-generation financial technology due to its security that suits the informatization era. In particular, it provides security through the authentication of peers that share virtual cash, encryption, and the generation of hash value. According to the global financial industry, the market for security-based blockchain technology is expected to grow to abou...

Modern political economies are distinguished from each other by the institutions that mediate actors’ interactions, falling somewhere along a spectrum between pure market and non-market mechanisms. But how did these institutions originally emerge? With regard to the financial sector, I argue that higher levels of national security threats in combination with economic backwardness lead to a fina...

With the rapid development of the internet and information technology, the increasingly diversified portable mobile terminals, online shopping, and social media have facilitated information exchange, social communication, and financial payment for people more and more than ever before. In the meantime, information security and privacy protection have been meeting with new severe challenges. Alt...