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Financial Innovation
Fig. 5 | Financial Innovation

Fig. 5

From: Analysis of financial development and open innovation oriented fintech potential for emerging economies using an integrated decision-making approach of MF-X-DMA and golden cut bipolar q-ROFSs

Fig. 5

MF-X-DMA summary: low capitalization of the modern Russian financial market (a), concentration of the banking sector (b), low liquidity in small cap stocks at the financial market (c), low financial literacy (d). Sources: Goskomstat (2022), Bank of Russia (2020), author’s calculations

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