The effect of it-transformation of the country's financial potential during the post-conflict reconstruction

Over the last five years, Ukraine suffers from armed conflicts that cause substantial losses in the state budget. In this context, shaping the prospects and developing measures for the post-conflict reconstruction of the state and its economy is an important problem. The very possibility and the eff...

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Main Authors: Nataliya Vyhovska, Andrii Polchanov, Serhii Frolov, Yevhenii Kozmenko
Format: Article
Language:English
Published: LLC "CPC "Business Perspectives" 2018-12-01
Series:Public and Municipal Finance
Subjects:
Online Access:https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/11250/PMF_2018_03_Vyhovska.pdf
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author Nataliya Vyhovska
Andrii Polchanov
Serhii Frolov
Yevhenii Kozmenko
author_facet Nataliya Vyhovska
Andrii Polchanov
Serhii Frolov
Yevhenii Kozmenko
author_sort Nataliya Vyhovska
collection DOAJ
description Over the last five years, Ukraine suffers from armed conflicts that cause substantial losses in the state budget. In this context, shaping the prospects and developing measures for the post-conflict reconstruction of the state and its economy is an important problem. The very possibility and the effectiveness of such measures will depend on the country's financial potential as well as on the financial strength of its entities. This potential is dynamic and influenced by information technology, without which any institution cannot go.Given the particular significance of the financial potential IT-transformation, the role of digital forms of money, crowdfunding and initial coin offering (ICO) was identified. It is substantiated that while overcoming the consequences of military conflicts, their implementation facilitates the attraction and acceleration of the financial resources movement. By generalizing the developments and practical experience of Ukrainian fintech-companies, the principles of such developments application for assessing the external financial environment of economic entities and conducting financial analysis have been shaped.
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spelling doaj.art-b910b7150b0b445badf917d12fef63c32022-12-22T01:05:16ZengLLC "CPC "Business Perspectives"Public and Municipal Finance2222-18672222-18752018-12-0173152510.21511/pmf.07(3).2018.0211250The effect of it-transformation of the country's financial potential during the post-conflict reconstructionNataliya Vyhovska0Andrii Polchanov1Serhii Frolov2Yevhenii Kozmenko3Doctor of Economics, Professor, Zhytomyr State Technological UniversityPh.D., Associate Professor, Zhytomyr State Technological UniversityPh.D. Student, University of Customs and FinanceMgr., Sumy State UniversityOver the last five years, Ukraine suffers from armed conflicts that cause substantial losses in the state budget. In this context, shaping the prospects and developing measures for the post-conflict reconstruction of the state and its economy is an important problem. The very possibility and the effectiveness of such measures will depend on the country's financial potential as well as on the financial strength of its entities. This potential is dynamic and influenced by information technology, without which any institution cannot go.Given the particular significance of the financial potential IT-transformation, the role of digital forms of money, crowdfunding and initial coin offering (ICO) was identified. It is substantiated that while overcoming the consequences of military conflicts, their implementation facilitates the attraction and acceleration of the financial resources movement. By generalizing the developments and practical experience of Ukrainian fintech-companies, the principles of such developments application for assessing the external financial environment of economic entities and conducting financial analysis have been shaped.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/11250/PMF_2018_03_Vyhovska.pdfcrowdfundingdigital forms of moneyfinancial potentialICOmilitary conflictUkraine
spellingShingle Nataliya Vyhovska
Andrii Polchanov
Serhii Frolov
Yevhenii Kozmenko
The effect of it-transformation of the country's financial potential during the post-conflict reconstruction
Public and Municipal Finance
crowdfunding
digital forms of money
financial potential
ICO
military conflict
Ukraine
title The effect of it-transformation of the country's financial potential during the post-conflict reconstruction
title_full The effect of it-transformation of the country's financial potential during the post-conflict reconstruction
title_fullStr The effect of it-transformation of the country's financial potential during the post-conflict reconstruction
title_full_unstemmed The effect of it-transformation of the country's financial potential during the post-conflict reconstruction
title_short The effect of it-transformation of the country's financial potential during the post-conflict reconstruction
title_sort effect of it transformation of the country s financial potential during the post conflict reconstruction
topic crowdfunding
digital forms of money
financial potential
ICO
military conflict
Ukraine
url https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/11250/PMF_2018_03_Vyhovska.pdf
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