Financial architectonics in context digital globalization

Abstract

The paper examines financial architecture in the context of digital globalization. The current state of financial architecture as a science of creating financial architecture, the nature, specificity, principles of development of financial systems of different levels, based on unity, general patterns of their development and regulation. The current stage of development of national financial architecture is characterized by significant contradictions. On the one hand, the national-state form of its organization is preserved, on the other hand, the possibilities of national financial policy are limited due to the growing importance of international financial instruments, increasing international capital and strengthening the role of international financial organizations. The nature of relations and interrelations of national financial architecture is changing – its openness and interdependence is increasing, the scale of chain reactions is increasing, according to which negative phenomena spread from one class of financial assets, types of financial institutions, financial market segments to others. It is accepted that financial architecture should achieve a specific goal, and its results should be measured by performance indicators that have certain specifics at different economic levels. The changes characterizing the development of the financial environment are outlined, the necessity of forming a new financial architecture taking into account the existing globalization processes and challenges is revealed. The directions of ensuring successful realization of means of digitalization of financial infrastructure, financial market are offered. We can say that the development of economic systems, technologies, real markets directly depends on the depth of financial architecture of the country's financial architecture, is the ability of a set of banking and non-banking financial institutions to effectively distribute and redistribute the movement of financial capital.