Macroeconomic trends of digitalization of the financial space

The subject of the research is digitalization of the financial market and macroeconomic trends in
the manifestation of digital transformations.
The purpose of the article is to study the features of digitalization of the financial market through
the prism of macroeconomic trends in the manifestation of digital transformations.
The methodology of the work is a systematic method of knowledge, dialectical provisions of
macroeconomics and the theory of financial science, the theory of transaction costs, money circulation
and credit.
The following special methods are used: parts and the whole, analysis and synthesis, observation,
comparison – when studying the development of digitalization processes, clarifying the ratio of domestic
and international segments of the financial space; generalization, formalization – to determine the
macroeconomic trends of digitalization in Ukraine and abroad, predicting the prospects of introducing
digitalization into social and economic life.
The results of the work – the issues of prerequisites for implementation and conditions for the
spread of digitization of the financial market were considered, the need to involve the population in
digitalization as the main consumers of financial services was substantiated, the need to increase
the digital literacy of the population as the basis of their competitiveness was emphasized. The
macroeconomic trends of digitalization of the financial market are determined, its advantages and
risks of implementation are shown. The development of digital currencies of central banks is revealed
as the main instrumental trend of changes in the sphere of monetary circulation, when traditional
fiat currencies acquire a digital form. Investing in cryptoassets is shown as a way of anti–inflationary
preservation of household assets with significant aspects of speculation. The growing role of digital
infrastructure for the development of financial technologies is revealed.
Conclusions. The new digital world is the prospects and possibility of economic life in the period
of post–Covid and post–war instability. Digitalization allows you to keep your internal financial and
psychological framework under control, makes people operationally independent in terms of the ability
to manage their assets and time. It is the acceleration of digital transformations, the use of intelligent
substitutes for simple work and services in all possible areas that can overcome social distancing and
related «failures» in communication.

From a financial point of view, the use of the advantages of digitalization is more focused on the
middle class – on those who have satisfied the first needs of life support. Therefore, digitalization is
closely related to social policy and raising the standard of living of the population.
Just as at the end of the war of the last century, when the Bretton Woods financial system was
launched in 1944 together with the IMF and the World Bank, the financial market is currently facing
radical changes. Not long after the victory, «digital Bretton Woods» awaits us, not metaphorical, but
real transformations. The new financial and economic world will become digital. Operationally and
instrumentally more diversified. Accessible, self–responsible and mutually responsible.
The digital present and future is a strategic and at the same time constantly situational beacon. This
is actually a choice of priorities and goals of civilization. What we strive for and how we modernize.
This choice is psychological, technological, investment, financial. What we invest in and what we invest
in. The difference in the means (tools) of work and life distinguishes today’s generations from their
predecessors, and shapes future social and economic relations.