Hristina Mikić
Univerzitet Metropolitan
Fakultet za menadžment
hristina.mikic@metropoitan.ac.rs

doi: 10.19090/cit.2023.43.3-12
No. 43 (November 2023), p. 3-12

Financial Innovations in Libraries

Summary

The paper deals with the analysis of financial innovations from the perspective of the development of the creative economy with a focus on its application in libraries. Understanding libraries as a part of the creative economy requires the implementation of financial innovations in everyday operations and activities. The application of new technological solutions known as fintech innovations should bring better financing options and optimization of resources. The first part of the paper examines the changes in the financing of culture brought about by the development of the creative economy, especially its digital transformation. The second part of the paper deals with basic concepts related to financial innovations in culture with an emphasis on fintech innovations, their characteristics, and their types. The last part of the paper is devoted to the analysis the application of financial innovations in libraries. The paper demonstrates that the application of financial innovation (especially in fundraising) can allow libraries to generate revenues in the short term and reduce financing risks.

Keywords:

financial innovaitons, libraries, creative economy, fintech, blokchain

Submitted: 15th October 2023
Accepted for publication: 23rd October 2023

Financial Innovations in Libraries by Hristina Mikić is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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