Paradigm Changes that Strengthen the Financial Security of the State through FINTECH Development

Sirenko, Natalya; Atamanyuk, Igor; Volosyuk, Yuriy; Полторак, Анастасія Сергіївна; Melnyk, Olha; Fenenko, Polina

doi:10.1109/dessert50317.2020.9125026

Cited by 7 publications

(5 citation statements)

References 13 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…A SWOT analysis of the financial security management of Ukraine in the context of globalization was carried out and the TOWS matrix and the vector of the development direction of this system [10] were formed using expert methods and assessments, which are the integral sum of forecasts.…”

Section: Results Of Substantiating the Structure And System Of Parameters Included In The Doctrinal Model Of State Financial Security Manmentioning

confidence: 99%

“…It is convinced that all the components of financial security are the basis for the formation of financial security at the state level. The article [10] systematizes the trends in the field of financial technologies that create opportunities for strengthening the financial security of the state. The work [11] is devoted to the influence of the euro on debt securities and the provision of financial security of states, and work [12] analyzes the system of self-regulation in the field of finance, evaluates the possibilities of technological advances as the basis of financial security.…”

Section: Results Of Substantiating the Structure And System Of Parameters Included In The Doctrinal Model Of State Financial Security Manmentioning

confidence: 99%

“…Thus, it is necessary to investigate the tightness of the relationship between the state of financial security of the state (Y ), the Corruption Perceptions Index [16] (X 1 ) and the share of government and government-guaranteed debt in the structure of the country's GDP (X 2 ). The hypothesis about the existence of a relationship between these indicators will be accounted for using the method of correlation-regression analysis and the formation of an appropriate econometric model [3,10]. The initial data that became the basis for the current model, presented in Fig.…”

Section: Results Of the Development Of An Econometric Model Of Paired Regression For Assessing And Predicting The State Financial Securitmentioning

confidence: 99%

See 2 more Smart Citations

Development of doctrinal model for state financial security management and forecasting its level

Полторак

Potryvaieva

Кузьома

et al. 2021

EEJET

Self Cite

View full text Add to dashboard Cite

A doctrinal model of state financial security management in the context of globalization changes has been developed. The model is formed at five levels (doctrinal, conceptual, strategic, programmatic, planned), contains a logical continuum of mission, priorities in the financial sector and the level of technological innovation, influencing factors and a system of actions aimed at achieving goals. This model accumulates a set of solutions aimed at adapting to transformational processes in the economy associated with new needs of states, globalization processes in the world financial space, technology development, new challenges and threats. As a result of the study, forecasting is carried out and the effectiveness of the results of modifying approaches to managing the financial security of the state using a polynomial algorithm for extrapolating the parameters of stochastic systems is proved. A polynomial correlation-regression model is presented, the input data of which were specific indicators of the effectiveness of innovative development of the state, perception of corruption and debt dependence. In fact, this is a set of those indicators at which the strategic directions of strengthening the financial security of the state are directed in the context of globalization changes. The generalized values of the state of financial security of the state, determined on the basis of the developed polynomial correlation-regression model, are obtained, as well as the absolute and relative amounts of error indicate the accuracy of the forecasts obtained. So, the mean level of error is 0.005 %, which means that the totality of these indicators can characterize the state of financial security of the state. Accordingly, this model is useful in the process of predicting the results of modifying approaches to the formation of the financial security of the state

show abstract

Section: Results Of Substantiating the Structure And System Of Parameters Included In The Doctrinal Model Of State Financial Security Manmentioning

confidence: 99%

Section: Results Of Substantiating the Structure And System Of Parameters Included In The Doctrinal Model Of State Financial Security Manmentioning

confidence: 99%

Section: Results Of the Development Of An Econometric Model Of Paired Regression For Assessing And Predicting The State Financial Securitmentioning

confidence: 99%

See 1 more Smart Citation

Development of doctrinal model for state financial security management and forecasting its level

Полторак

Potryvaieva

Кузьома

et al. 2021

EEJET

Self Cite

View full text Add to dashboard Cite

show abstract

“…Agreeing with this conclusion, we also draw attention to the rather limited list of indicators [12] for assessing food security. The authors of the work [10] note that the development of the potential can become the basis for strengthening economic security, part of which is state food security.…”

Section: Related Workmentioning

confidence: 99%

Monitoring of relationships between indicators of food security of the states

Poltorak,

Burkovska,

Khrystenko

et al. 2023

IOP Conf. Ser.: Earth Environ. Sci.

View full text Add to dashboard Cite

The conceptual foundations of monitoring the state’s food security system under the conditions of global turbulence have been deepened. It was determined that the set of indicators of the state of food security used in national practice is imperfect. It is emphasized that the totality of indicators cannot objectively contribute to identifying potential threats to sustainable development and adopting effective management decisions. Attention is focused on the need to consider the impact of other components, including the issues of the accessibility, availability, quality, and safety of food products, as well as their resilience and adaptability. The hypothesis regarding the direct relationship between the degree of compliance of agricultural production in the country with sustainable development principles and the overall level of economic accessibility of food has been proved. The established and mathematically proven direct relationship between the indicators made it possible to emphasize the need to raise the population’s living standards. This is necessary to reduce the negative impact of the production of agricultural products on the environment, which results from the understanding by consumers of the need to satisfy not only basic needs but also to preserve natural resources for future generations. It is mathematically proven that in countries with a high level of economic accessibility of food, the compliance of agricultural production with sustainable development principles has a high level and is strongly correlated with economic factors. In countries with medium and low indicators of economic accessibility of food, such a relationship does not have statistical significance. The conclusions drawn are useful for practical use in conditions of global economic turbulence.

show abstract

“…The cited work would have a higher level of completion if there was a mathematical analysis of the relationship of various factors with the integrated indicator. Work [6] notes that the comprehensive development of the innovative potential of the state is the basis of the financial security of the state but it is also necessary to investigate the connection of innovative development with the level of financial security at the household level.…”

Section: Literature Review and Problem Statementmentioning

confidence: 99%

Development of an integrated approach to assessing the impact of innovative development on the level of financial security of households

Полторак

Khrystenko

Sukhorukova

et al. 2022

EEJET

Self Cite

View full text Add to dashboard Cite

This paper reports a comprehensive approach devised to assess the impact of innovative development on the level of financial security of households. The study considers the peculiarities of the interpretation of the concepts of "household" and "innovation" and identifies the main factors influencing the financial security of households. The indicators characterizing the state of financial security of households and innovative development were analyzed in dynamics. The study's result produced a SWOT analysis that ensures the financial security of households. Among the strengths are the high economic potential of the country, the process of reforming state systems, the transition to complete digitalization (digitalization), and the presence of highly educated specialists. It was clarified that the factors that have the greatest negative impact are the low level of investment attractiveness, corruption component, the impact of the global economic crisis, and the high level of shadowing of the economy. The method of correlation-regression analysis was used to prove the hypothesis put forward regarding the existence of a connection between the indicators characterizing innovative development and the level of financial security of households. The adequacy of the developed model has been confirmed on the basis of the Fisher's F-criterion. The existence of a strong relationship between independent and dependent variables (multiple correlation coefficient R=0.9875) was mathematically confirmed, which proves the expediency of stimulating innovative development to strengthen financial security. It was established that with an increase in both independent variables at the same time by 1 % (the cost of scientific research, the total amount of expenditures in the areas of innovative activity of industrial enterprises), the volume of GDP per capita (an indicator of the state of financial security of households) increases by 1.75 %.

show abstract

Paradigm Changes that Strengthen the Financial Security of the State through FINTECH Development

Cited by 7 publications

References 13 publications

Development of doctrinal model for state financial security management and forecasting its level

Development of doctrinal model for state financial security management and forecasting its level

Monitoring of relationships between indicators of food security of the states

Development of an integrated approach to assessing the impact of innovative development on the level of financial security of households

Contact Info

Product

Resources

About