THE IMPACT OF DIGITIZATION ON FINANCIAL MARKETS AND THEIR TENDENCY ON GLOBAL GROWTH
THE IMPACT OF DIGITIZATION ON FINANCIAL MARKETS AND THEIR TENDENCY ON GLOBAL GROWTH

THE IMPACT OF DIGITIZATION ON FINANCIAL MARKETS AND THEIR TENDENCY ON GLOBAL GROWTH

Summary/Abstract: The motive for writing this paper is to answer the question of how digital technology has moved and how it has influenced digital financial markets to date in the face of heavy turbulence, challenges and crises. Various motives are the cause of the international trends, changes, effects and opportunities of the global digitalization movement in the international financial markets.This paper links the issues of the relationship between financial globalization, financial liberalization to financial integration from one side, and from the other by monitoring and analyzing the digitalization movements in the financial markets and their transformation.For this purpose, this paper generally, is divided into qualitative methodological studies drawing conclusions and interpreting them. Namely, the role, problems and conditions of the global processes that characterize the impacts of digitization on markets are described. Further, how digitalization will reshape financial markets and monetary systems, and how digitalization of finance will affect the way markets are financed today, but what are the biggest opportunities, barriers and impacts associated with digitalization? Therefore, the underlying research questions are with what sort of tendencies and movements that digitalization of financial markets had faced to date and what impact digitalization has had on major market turbulences and crises. The purpose of this paper is to show the structure and dynamics of the digitalization of financial markets as they went through a transition process in underdeveloped countries in comparison with developing and developed countries.In addition, the paper aims to highlight the reasons for the observed turbulence as well as to indicate possible future directions of action. The research is expected to provide the following results: greater proper conceptualization of underdeveloped digital economies that can create new high quality institutions and help stimulate the introduction of innovation.

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