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<p>The emergence of a decentralized peer-to-peer platforms that matches lending and borrowing without collateral requirements and bank lending channels allowed to develop the new market of alternative financial instruments. In this paper, we aim to analyze the origins and nature of alternative finance, consolidate, and categorize the theoretical foundation of the alternative finance market, determine the taxonomy of its instruments, and identify and critically analyze the strategies and legislative framework for the development and functioning of the alternative finance market in the Republic of Moldova. The theoretical and practical significance of this research lies in the development of an econometric model that examines the influence of various groups of factors (regulatory, social, economic development, information technology) on the per capita volume of the alternative finance market. The obtained data enabled the identification of priority areas and specific proposals for the development of conditions and the potential of alternative finance in the Republic of Moldova.</p>
</abstract>

The emergence of a decentralized peer-to-peer platforms that matches lending and borrowing without collateral requirements and bank lending channels allowed to develop the new market of alternative financial instruments. In this paper, we aim to analyze the origins and nature of alternative finance, consolidate, and categorize the theoretical foundation of the alternative finance market, determine the taxonomy of its instruments, and identify and critically analyze the strategies and legislative framework for the development and functioning of the alternative finance market in the Republic of Moldova. The theoretical and practical significance of this research lies in the development of an econometric model that examines the influence of various groups of factors (regulatory, social, economic development, information technology) on the per capita volume of the alternative finance market. The obtained data enabled the identification of priority areas and specific proposals for the development of conditions and the potential of alternative finance in the Republic of Moldova.

Impact analysis of the factors influencing the development of the alternative finance market in Moldova

Financial Internet Quarterly

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The emergence of a decentralized peer-to-peer platforms that matches lending and borrowing without collateral requirements and bank lending channels allowed to...

Impact analysis of the factors influencing the development of the alternative finance market in Moldova

Published Online: Jul 10, 2023

Page range: 78 - 90

Received: May 01, 2023

Accepted: Jun 13, 2023

DOI: https://doi.org/10.2478/fiqf-2023-0014

Keywords
alternative finance market, digital finance, regulatory influence

© 2023 Andrei Paslari, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Impact analysis of the factors influencing the development of the alternative finance market in Moldova

Published Online: Jul 10, 2023

Page range: 78 - 90

Received: May 01, 2023

Accepted: Jun 13, 2023

DOI: https://doi.org/10.2478/fiqf-2023-0014

Keywordsalternative finance market, digital finance, regulatory influence

© 2023 Andrei Paslari, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
alternative finance market, digital finance, regulatory influence