FORMATION OF THE CASHLESS ECONOMY IN UKRAINE AND IN THE WORLD

##plugins.themes.bootstrap3.article.main##

##plugins.themes.bootstrap3.article.sidebar##

  Anna Oleshko

  Olena Tymoshenko

  Оlena Trokhymets

Abstract

The purpose of the paper is to study the trends in the development of the Cashless Global Economy and the prospects for the formation of the Cashless Economy of Ukraine. Methodology. The survey is based on the economic analysis of indicators of the number of debit and credit cards, the use of contactless payments, the spread of payments through mobile devices, and the volume of cashless transactions. The targeted indicator (target) of the cashless payments in Ukraine in 2020 and the share of cash in GDP will be no less than the average meaning in European Union. Results of the survey showed the identification of advantages and threats of the cashless economy and in the formation of the digitalization development activities. Practical implications. Proposals for the development of cashless payments can be implemented in the monetary policy of Ukraine. Value/originality. Increase in cashless payments in the economy, in the payment for goods and services, e-commerce, consumer crediting, social payments, pensions, and subsidies will lead to economic growth increase and integration processes in Ukraine.

How to Cite

Oleshko, A., Tymoshenko, O., & TrokhymetsО. (2018). FORMATION OF THE CASHLESS ECONOMY IN UKRAINE AND IN THE WORLD. Baltic Journal of Economic Studies, 4(2), 147-150. https://doi.org/10.30525/2256-0742/2018-4-2-147-150
Article views: 1204 | PDF Downloads: 1140

##plugins.themes.bootstrap3.article.details##

Keywords

Cashless Global Economy, Cashless Economy, monetary policy, e-money, digital currency

References

Batiz-Lazo B., Efthymiou L. (2016) The Book of Payments: Historical and Contemporary Views on the Cashless Society. London: Palgrave Macmillan.

Fintech Investment Landscape. Innovate Finance. Retrieved from: https://new.innovatefinance.com/wp-content/uploads/2018/02/final-2017-vc-investment-landscape_9feb.compressed.pdf (accessed 27 March 2018).

Fürst H. (2017) A world becoming cashless. Description and analysis. Munich: GRIN Verlag.

Hilferding R. (2006) Finance Capital: A Study of the Latest Phase of Capitalist Development. London: Routledge.

Shiller J. R. (2008) How Today's Global Financial Crisis Happened, What to Do about It. – Princeton University Press.

Stiglitz J. (2017) Bitcoin ought to be out lawed. World Economic Forum. Retrieved from: https://www.weforum.org/agenda/2017/11/joseph-stiglitz-bitcoin-ought-to-be-outlawed/ (accessed 27 March 2018).

Wellisz C. (2016) The Dark Side of Technology. Finance & Development (electronic journal), Vol. 53, No. 3. pp. 14−17. Retrieved from: http://www.imf.org/external/pubs/ft/fandd/2016/09/pdf/wellisz.pdf (accessed 27 March 2018).