Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)

Money functions in digital economy

Authors
Olga Mikhailovna Korobeynikova, Dmitry Aleksandrovich Korobeynikov
Corresponding Author
Olga Mikhailovna Korobeynikova
Available Online August 2018.
DOI
https://doi.org/10.2991/icemw-18.2018.18How to use a DOI?
Keywords
money; currency circulation, money turnover, functions of money; payment systems; digital economy
Abstract
The article proves that digital technologies of money turnover evolution of money and money tools, development of the payment institutional infrastructure changed money turnover functioning and money functions specifications. Money functions are not static and can be changed according to innovations, conducted by elements of payment infrastructure. Money function specifications depend on the time money stays (static) within channels of payment systems and the time of movement (dynamic) of money along them. The article defined reasonable dependence of money movement velocity and the level of economic digitalization and development of the payment infrastructure for the stages of the formula 'money-commodities-money'. The revealed trends and their dynamics indicate the diffusion of the classical function of money and derived functions due to transformation of the material form of money into the immaterial digital form.
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Volume Title
Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
August 2018
ISBN
978-94-6252-599-3
ISSN
2352-5428
DOI
https://doi.org/10.2991/icemw-18.2018.18How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Olga Mikhailovna Korobeynikova
AU  - Dmitry Aleksandrovich Korobeynikov
PY  - 2018/08
DA  - 2018/08
TI  - Money functions in digital economy
BT  - Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)
PB  - Atlantis Press
SP  - 91
EP  - 97
SN  - 2352-5428
UR  - https://doi.org/10.2991/icemw-18.2018.18
DO  - https://doi.org/10.2991/icemw-18.2018.18
ID  - Korobeynikova2018/08
ER  -