Traditional and Innovative Financial Instruments: Their Impact on the Capital of the Organization
The article considers the main financial instruments of the financial market of the Republic of Belarus, assesses their impact on the formation of capital of an individual organization, identifies business goals, and determines the economic effect of their use. The volumes of application of traditional financial instruments are analyzed, as well as the advantages of innovative financial instruments (tokens, bonds issued using the securitization procedure) are highlighted. A refined structure of the financial market of the Republic of Belarus with the allocation of a new separate segment - the market of digital financial instruments, is proposed, and priority areas for further research are formulated.