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Research Article | Open Access
Volume 16 2024 | None
FINDING EQUILIBRIUM: ANALYZING HARMONY IN DIGITAL FINANCE THROUGH LEGAL AND ECONOMIC PERSPECTIVES
Dr. G. YOGANANDHAM
Pages: 282-291
Abstract
The advent of digital finance has spurred significant transformations in the financial landscape, presenting both opportunities and challenges. This paper examines the notion of equilibrium in digital finance through a multidisciplinary lens, specifically exploring its harmony from legal and economic perspectives. From a legal standpoint, the analysis delves into the regulatory frameworks governing digital finance, addressing issues of consumer protection, data privacy, and financial stability. It evaluates the extent to which these regulations foster equilibrium by balancing innovation with safeguarding against risks and ensuring fair competition. Economically, the study investigates the dynamics of equilibrium in digital finance markets, considering factors such as market efficiency, competition, and the role of intermediaries. It examines how technological advancements, such as blockchain and artificial intelligence, impact market equilibrium and reshape traditional financial intermediation. By synthesizing legal and economic perspectives, this paper aims to provide insights into achieving harmony in digital finance, wherein innovation flourishes within a framework that ensures consumer trust, market stability, and regulatory compliance. Identifying areas where legal and economic objectives may align or conflict can inform policymakers and stakeholders in crafting strategies that foster a balanced and resilient digital financial ecosystem. This study utilizes a conceptual, diagnostic, and descriptive design, utilizing empirical data from academics and subject matter specialists, to explore a specific topic, ensuring clear presentation and analysis. The current state of affairs is significant and pertinent to the economy and society, but despite the foregoing, the main purposes of this research article are to carry out a macroeconomic theoretical analysis of finding equilibrium, focusing on analyzing harmony in digital finance through legal and economic perspectives.
Keywords
Digital Finance, Financial Landscape, Consumer Protection, Financial Stability, Market Equilibrium, Technological Advancements and Financial Ecosystem.
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