DOI: https://doi.org/10.36719/2706-6185/47/247-250
Sabuhi Isazadeh
Azerbaijan State Economic University
Master student
https://orcid.org/0009-0003-4821-4120
sabuhisazada2002@gmail.com
The Role of Regional Policies in Promoting Financial Innovation
Abstract
Financial innovations are of vital importance in accelerating economic development and establishing a sustainable financial system. In this context, regional policies act as a key instrument by improving access to financial resources across different areas, thereby ensuring economic equilibrium. These policies offer targeted strategies to stimulate the use of financial technologies, facilitate the financing of small and medium-sized enterprises (SMEs), and enhance the investment environment. Furthermore, regional policies support the development of local financial institutions, expanding public access to financial services and promoting financial inclusion. Within this framework, financial innovations such as digital payment systems, microfinance instruments, and alternative investment platforms help boost economic activity in the regions. As a result, the integration of financial innovations with regional policies contributes both to geographically balanced economic development and the creation of a long-term, sustainable financial infrastructure. This approach is of strategic significance, particularly in developing countries, in reducing regional disparities and maintaining macroeconomic stability.
Keywords: regional policies, investment promotion, digital finance, credit, finance