Abstract
The financial market is the most important economic mechanism that supports the development of real economy and contributes to the improvement of the society's welfare. Traditional views on the role of the financial market in the economy appeal to the theory of financial development primacy. However, in recent years it has become increasingly clear that this theory is not able to reflect the diversity of new global challenges associated with the depletion of natural resources. The traditional demands of the consumer society are replaced by a gradual awareness of environmental responsibility in its broader sense, which correlates with sustainable development goals adopted for all countries of the world. Therefore, the research addresses the sustainable development of the EAEU financial market as a driver of the Eurasian integration, revealing three key issues: the essence of the sustainable finance; essential features of the EAEU countries' financial markets and the role of the Russian market as a driving force of the integration; current trends in the development of a strategy for forming the common EAEU financial market. The paper shows that the EAEU financial integration strategy should be analyzed and recommendations for its development should be offered taking into account the sustainable finance paradigm as an open window of opportunities.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019 |
| Subtitle of host publication | Education Excellence and Innovation Management through Vision 2020 |
| Editors | Khalid S. Soliman |
| Publisher | IBIMA |
| Pages | 2933-2941 |
| Number of pages | 9 |
| ISBN (Electronic) | 9780999855126 |
| Publication status | Published - 1 Jan 2019 |
| Event | 33rd International Business Information Management Association Conference: Education Excellence and Innovation Management through Vision 2020, IBIMA 2019 - Granada Duration: 10 Apr 2019 → 11 Apr 2019 |
Publication series
| Name | Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020 |
|---|
Conference
| Conference | 33rd International Business Information Management Association Conference: Education Excellence and Innovation Management through Vision 2020, IBIMA 2019 |
|---|---|
| Country | Spain |
| City | Granada |
| Period | 10/04/19 → 11/04/19 |
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Scopus subject areas
- Business and International Management
- Management of Technology and Innovation
Cite this
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The relevance of the sustainable finance paradigm in the EAEU financial market's strategy development. / Lvova, Nadezhda A.; Voronova, Natalya S.; Ivanov, Viktor V.
Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020. ed. / Khalid S. Soliman. IBIMA, 2019. p. 2933-2941 (Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020).Research output
TY - GEN
T1 - The relevance of the sustainable finance paradigm in the EAEU financial market's strategy development
AU - Lvova, Nadezhda A.
AU - Voronova, Natalya S.
AU - Ivanov, Viktor V.
PY - 2019/1/1
Y1 - 2019/1/1
N2 - The financial market is the most important economic mechanism that supports the development of real economy and contributes to the improvement of the society's welfare. Traditional views on the role of the financial market in the economy appeal to the theory of financial development primacy. However, in recent years it has become increasingly clear that this theory is not able to reflect the diversity of new global challenges associated with the depletion of natural resources. The traditional demands of the consumer society are replaced by a gradual awareness of environmental responsibility in its broader sense, which correlates with sustainable development goals adopted for all countries of the world. Therefore, the research addresses the sustainable development of the EAEU financial market as a driver of the Eurasian integration, revealing three key issues: the essence of the sustainable finance; essential features of the EAEU countries' financial markets and the role of the Russian market as a driving force of the integration; current trends in the development of a strategy for forming the common EAEU financial market. The paper shows that the EAEU financial integration strategy should be analyzed and recommendations for its development should be offered taking into account the sustainable finance paradigm as an open window of opportunities.
AB - The financial market is the most important economic mechanism that supports the development of real economy and contributes to the improvement of the society's welfare. Traditional views on the role of the financial market in the economy appeal to the theory of financial development primacy. However, in recent years it has become increasingly clear that this theory is not able to reflect the diversity of new global challenges associated with the depletion of natural resources. The traditional demands of the consumer society are replaced by a gradual awareness of environmental responsibility in its broader sense, which correlates with sustainable development goals adopted for all countries of the world. Therefore, the research addresses the sustainable development of the EAEU financial market as a driver of the Eurasian integration, revealing three key issues: the essence of the sustainable finance; essential features of the EAEU countries' financial markets and the role of the Russian market as a driving force of the integration; current trends in the development of a strategy for forming the common EAEU financial market. The paper shows that the EAEU financial integration strategy should be analyzed and recommendations for its development should be offered taking into account the sustainable finance paradigm as an open window of opportunities.
KW - Emerging markets
KW - Eurasian financial integration
KW - Financial markets
KW - National financial systems
KW - Sustainable development
KW - Sustainable finance
UR - http://www.scopus.com/inward/record.url?scp=85074068023&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:85074068023
T3 - Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019: Education Excellence and Innovation Management through Vision 2020
SP - 2933
EP - 2941
BT - Proceedings of the 33rd International Business Information Management Association Conference, IBIMA 2019
A2 - Soliman, Khalid S.
PB - IBIMA
ER -