Money functions in digital economy

DOI

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.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - 10.2991/icemw-18.2018.18
ID  - Korobeynikova2018/08
ER  -