Review of the monograph Gąsiorkiewicz L., Monkiewicz J. Digital Finance and the Future of the Global Financial System: Disruption and Innovation in Financial Services. Abingdon

Анотація

The monograph Digital Finance and the Future of the Global Financial System: Disruption and Innovation in Financial Services provides a comprehensive analysis of the transformation of financial systems under the influence of digital technologies. The relevance of the study is driven by the increasing role of financial innovations, the restructuring of financial market architecture, and the need to adapt regulatory approaches to emerging risks associated with digitalization. In the context of ongoing global economic changes, digital finance is increasingly viewed as a key factor shaping the future configuration of financial systems and influencing their stability and efficiency.

The book addresses a wide range of issues, covering topics such as the evolution of digital finance, the role of the state in shaping financial policies, the changing interaction between financial institutions and consumers, and systemic risks arising from innovation. The analysis also considers regulatory mechanisms, financial stability, cybersecurity, and data protection, which are highly relevant for advanced financial systems, including the United States, where the scale and complexity of the financial sector require continuous regulatory adaptation. It also highlights the importance of balancing technological innovation with the need to maintain trust in financial institutions and ensure the protection of financial data.

The study has both theoretical and practical implications, as it allows digital finance to be assessed not only as a driver of economic development but also as a factor influencing the resilience of financial systems. In this context, the findings are especially applicable to the United States, where financial innovation develops within a complex multi-agency regulatory environment and where issues of risk management, supervision, and operational resilience remain critically important. The monograph contributes to ongoing academic discussions on the transformation of the global financial environment and provides a basis for further research in this area.