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ИД «Финансы и кредит»






Digest Finance

Guide for Authors

Revised version, July 2018

Русская версия


Author's Materials

Submission Checklist

Before You Begin


After Acceptance

Author Inquiries


Author's Materials

All Author's materials submitted to the Digest Finance journal for publication should be formatted in accordance with the journal's requirements. Unformatted materials shall never be accepted.



Digest Finance is a peer reviewed scientific journal released in English on the Open Access basis. The Open Access provides Authors and Readers with a good opportunity to publish and read articles absolutely for free. Once a Digest Finance issue comes out officially, its content becomes available for Readers on the Internet free of charge.

The journal is published and supported by Publishing house FINANCE and CREDIT.

The journal provides coverage to high quality research and review of financial issues. Digest Finance encompasses a spectrum of basic and applied research into monetary, financial and credit relations, financial markets and institutions, innovation and investment.

The journal spotlights the following scope of subjects and aspects:

  • International economic organizations
  • Global currency system
  • Global flows of loan financing
  • Global market of goods and services
  • National economies
  • Monetary system and currency circulation
  • Banking and monetary regulation
  • Monetary relations of Russia and foreign countries
  • Financial markets and globalization issues
  • Financial control
  • Insurance
  • Innovation and investment
  • Analysis and modeling of processes in the financial sector
  • Monitoring and forecasting of financial, insurance, banking and business risk
  • Payment systems
  • Public finance
  • Finance of organizations
  • Innovative forms and areas of financial systems' development

The journal features the following subject headings:

  • Monetary System and Currency Circulation
  • Banking
  • Risk, Analysis and Evaluation
  • Monetary and Credit Relations
  • Innovation and Investment
  • Finance of Organizations. Analysis of Accounting Systems
  • Insurance
  • Rating and Disclosure
  • Securities and Financial Markets
  • Financial Theory
  • Financial Control


Submission Checklist

Submission checklist serves for the final review of the article before its submission and enlists details to be presented in the article. For further information, please refer to the respective paragraph of this Guide for Authors.

In addition to the article, the Author shall complete and send the Journals Contributor's Publishing Agreement, photo of each Author with definition of at least 750 x 1,000 pixels (See the example). Each Author shall complete an application individually, print it out, sign and scan in the JPEG- or PDF-format and send via email post@fin-izdat.ru.

Mandatory Information:

  • Subject heading
  • Title
  • Full name of each Author
  • ORCID ID (if available)
  • Corresponding Author
  • Academic degree of each Author
  • Academic rank of each Author
  • Occupation or profession of each Author
  • Place of work or study (if the Author works for several organizations or institutions, the principal one shall be indicated)
  • City, country
  • Personal e-mail address (each Author shall have an individual e-mail address)
  • Structured abstract with the established abstract sections (100 to 150 words maximum)
  • Keywords (Five words maximum)
  • JEL classification codes (Three codes maximum)
  • Acknowledgments
  • Numbered graphic elements (Eight elements maximum)
  • Titles, captions, notes, description to graphic elements
  • Numbered mathematical expressions
  • Legends to mathematical expressions
  • SI units
  • References in the correct format for the journal
  • Conflict-of-Interest Statement
  • Consecutive pagination in the manuscript

Important! Permissions have to be obtained for use of all copyrighted material from other sources (including the Web).


Before You Begin

Ethics in Publishing

For information on Ethics in publishing and Ethical guidelines for journal publication see Publishing Ethics.


Conflict of Interest

All Authors are requested to disclose any actual or potential conflict of interest including any financial, personal or other relationships with other people or organizations within three years of beginning the submitted work that could inappropriately influence, or be perceived to influence, their work. See also Authors. Ethical Behavior


Submission Declaration and Verification

Submitting the article in compliance with the Civil Code of the Russian Federation, RF Federal Law Part 4 of December 18, 2006 № 230-FZ, the Author takes responsibility for the following:

  • the work described has not been published previously;
  • the work described is not under consideration for publication elsewhere;
  • publication of the work described is approved by all the Authors and tacitly or explicitly by the responsible authorities where the work has been carried out, and that, if accepted, it will not be published elsewhere in the same form, in Russian, English or in any other language, including electronically without the written consent of the copyright holder.

The Editorial is prudent about plagiarism and self-plagiarism as a form of breaches in the publishing ethics. All incoming manuscripts are screened for plagiarism with a special software, such as Antiplagiat and/or others. In case of any detected instance of plagiarism and/or self-plagiarism, we require the Author(s) to make necessary corrections (improvements), or even reject the article.


Changes to Authorship

Author names may not be added, deleted or rearranged once the paper has been processed and accepted. Please ensure that the Author list is complete and in the proper order when submitting your final version to the processing Editor.



Upon acceptance of an article, Authors will be asked to complete a Journals Contributor's Publishing Agreement (for more information on this and copyright, see Copyright polices). An e-mail will be sent to the corresponding Author confirming receipt of the manuscript together with a Journal Publishing Agreement form or a link to the online version of this agreement.

Authors hold copyright for their articles. Digest Finance publications are governed by Creative Commons licenses indicating the creator (CC BY 4.0). Creative Commons licenses provide for unlimited use, distribution and reproduction in any medium given original works are appropriately cited. For more details please visit the Creative Commons website.


Role of the Funding Source

Authors are requested to identify who supported the research and/or preparation of the article and briefly describe the contribution of the sponsors, if any, in the folowing:

  • study design
  • collection, analysis and interpretation of data
  • preparation of the manuscript
  • decision to submit the article for publication

If there was no funding source, this should be stated as well.
See Article Formatting.



The article should be written in good English (American or British usage is accepted, but not a mixture of these).

Open Access

Digest Finance publications are provided in the public domain as soon as a new issue is released. User registration is not required.

Articles are published in Digest Finance free of charge. The journal is published and supported by Publishing house FINANCE and CREDIT. Authors are offered to submit their articles without paying any preparatory charges or other publication costs. For more details please refer to Journal Pricing Policy.

Please refer to Creative Commons licenses setting up the rules for third parties to use articles in open access upon consent of the copyright holder.

Creative Commons Attribution (CC BY 4.0) permits to distribute and copy the article, reproduce some excerpts from it, prepare summaries, transform into other versions, adapt or make derivative works (for example, translation), include into a collective work (for example, corpus, anthology), analyze the text or contents of the article, even for profit-making purposes, provided that the authorship is preserved. However, it is not allowed to represent the Authors as persons who approved and signed the adapted version of the article, and the article may not be changed so that it has a detrimental effect on the Author’s dignity or reputation. See details.



New Submissions

Authors may submit their manuscripts as Word files put in to correct-format requirements noted below for review, or they can do it without such a formatting. In the latter case, the Authors will have to put in the article in accordance with the requirements of the journal for acceptance, after it is approved by Reviewers and the Editor-in-Chief of the journal. Without these conditions, the article cannot be published.

The manuscript should contain the following:

  • All graphic elements (figures, charts, graphs, tables, maps, etc.)
  • Structured abstract with the established abstract sections (100 to 150 words maximum)
  • Keywords (Five words maximum)
  • Introduction
  • Research materials and methods
  • Research results
  • Conclusions
  • References in the correct format for the journal

For more details, please refer to Submission Checklist.

Regardless of the primary formatting, all articles shall be reviewed, internally and/or externally, in accordance with the Regulations on Reviewing.


Formatting Requirements

General guidelines for article submission

Regardless of how the article was filed initially, once finalized, the Author(s) should provide the entire article revised as a file in Word document format. Text formatting should be very simple. In particular, we do not recommend that you use the text processor's options for aligning text or word hyphenation. However, if necessary, it is appropriate to apply the bold face, italics, subscripts, superscripts, etc. The Authors should be aware that regardless of embedded images in the text or not, the source files of figures, tables, and text graphics can be requested separately and/or additionally.

To avoid unnecessary errors, all Authors are strongly advised to use the 'spell-check' and 'grammar-check' functions of their word processor.

All submissions must be accompanied by a covering letter detailing what you are submitting. Please indicate the Author to whom correspondence should be addressed (in the case of multiple Authors) and include the following:

  • contact address
  • telephone number of the corresponding Author
  • personal e-mail addresses for all the Authors

Please indicate if this is a submission of the revised article. In such a case, you should specify the registration number of the manuscript. Before submitting a manuscript, you should carefully check the text of the article and all sent files. Please note that all Editorial decisions are considered final.


Article Structure

Length of Papers

The publication space in Digest Finance is limited. In this regard, the processing Editor may limit the length of a paper. A paper should not exceed 20 pages (including a recommended number of images (Eight). Use one-and-a-half-spaced typescript pages, minimum 3 cm (1-inch) margins, and 12 pt font size standard fonts. Preferred fonts: Times New Roman, Arial, Symbol, Courier. On the other hand, extremely short papers (less than 3,000 words) will not be processed.


Please ensure that your manuscript is paginated. This will help both Editors and Reviewers to process it promptly.


Title Page

  • Subject heading. See also Journal Subject-Heading List.
  • Title. Concise and informative. Titles are often used in information-retrieval systems. Please avoid abbreviations, acronyms and formulae.
  • Author names and affiliations. Please clearly indicate the given name(s) and family name(s) of each Author and check that all names are accurately spelled. The family name is recommended to be written in CAPITAL letters. Please present the following Author(s) information:

    • ORCID ID (if available) in the following format:
    • Academic degree
    • Academic rank
    • Position or occupation
    • Employment, study (name of the institution or organization, including unit, department, faculty where the actual work was done)
    • Name of city, region/district, country
    • Personal e-mail address (of each Author)

    Important! Author names may not be added (reduced in number) after a paper has been accepted.
  • Corresponding Author. Clearly indicate who will handle correspondence at all stages of refereeing and publication, also post-publication.
    Ensure that phone numbers (with country and area code) are provided in addition to the e-mail address and the complete postal address. Contact details must be kept up to date by the corresponding Author.
  • Present/permanent address. If the Author has moved since the work described in the article was done, or was visiting at the time, a 'Present address' (or 'Permanent address') may be indicated as a footnote to that Author's name. The address at which the Author actually did the work must be retained as the main, affiliation address. Superscript Arabic numerals are used for such footnotes.



An abstract is required for all papers. The abstract should indicate the following sections:

  • Importance and/or Subject
  • Objectives
  • Methods
  • Results
  • Application (if any)
  • Conclusions and/or Relevance

The abstract should be 100 to 150 words long (not exceed 150 words). Unessential abbreviations (of own making, in particular), any formulas, and references to the Reference list should be avoided.


Immediately following the abstract, provide a maximum of five keywords which appropriately represent the contents of the paper.

JEL Classification

Use the JEL Classification codes to classify the articles (Three codes maximum). See JEL Classification.



Define abbreviations and acronyms when they first appear in the article text. Ensure consistency of abbreviations throughout the article. Acronyms and abbreviations are not allowed in the graphic materials of articles. See Article Formatting. Use generally accepted and established abbreviations of units, names, etc. For additional information, see List of Title Word Abbreviations.

Bulleted and Numbered Lists

Use standard MS-Word tools (Bullets and/or Numbering) to make a point form.


Collate Acknowledgments in a separate section at the end of the article before the References and do not, therefore, include them on the title page, as a footnote to the title or otherwise. List here those legal entities and/or individuals who provided help during the study, work, research, etc. (e.g., sponsoring, grant providing, providing language help, writing assistance or proof reading the article, etc.).
See Article Formatting.


SI Units

SI units should be used throughout the articles.

Mathematical Expressions (formulae, equations, functions, etc.)

Please submit mathematical expressions, as well as variables in text, in the Microsoft Equation Editor, as editable elements, not as images. Mathematical expressions should be numbered in matching parentheses on the right, if they are mentioned later in the text. There must be an explication (explanation) of all variables specified in the order they appear, under each particular math expression. If the mathematical expressions are shown in graphic elements, the explanations should be placed in a footnote to these graphic elements.



Footnotes should be used sparingly. Number them consecutively throughout the article. Many word processors can build footnotes into the text, and this feature may be used. Otherwise, please indicate the position of footnotes in the text and list the footnotes themselves separately at the end of the article. Do not include footnotes in the References list. Footnotes should include brief notes to the text of the article and the sources that are not acceptable to the References list, such as:

  1. Tutorials, manuals, textbooks, handbooks, etc.
  2. Articles from any non-scientific journals
  3. Regulatory and legislative acts
  4. Statistical collections and archives
  5. Sources without specifying the Author (e.g., collections edited)
  6. Internet sources other than scientific ones
  7. Dictionaries, encyclopedias, and other reference books
  8. Reports, statements, notes, protocols and the like

Important! Dissertation abstracts and theses are included neither in the References list nor in page footnotes.


Graphic Elements

Graphic elements included in the file of the article should precede the Acknowledgments, if any, and References. Tables shall be followed by Figures. All the graphic elements are to be mentioned in the text.

All graphic elements (except geographical maps in high resolution) should be program-accessible for editing (i.e. they should open in the same software program they are created).

All graphic elements should be in Bitmap (black and white) images mode.

Do not use 3D-format and shading.

Use only SI units.

Use the preferred font Times New Roman (size 10 to 12 pt.) where possible.


• Charts and Graphs

Insert Excel charts and graphs into text by using Insert→Insert Object→Microsoft Graph Chart (Microsoft Excel Chart).

Insert chart


• Figures

Ensure that each illustration has a caption. Supply captions separately, not attached to the figure. (A separate list of figure captions must be included in the main body of your paper, following the references.) A caption should comprise a brief title (not on the figure itself) and a description of the illustration. Keep text in the illustrations themselves to a minimum but explain all symbols and abbreviations used.

Drawings (figures) are created as follows: Insert→Drawing→Figure→New Drawing Canvas. (MS-Word built-in tools). Use lettering, arrows, lines, and other elements. There should be no items ‘hanging thick in the air’, they must all be interconnected by arrows or lines. Example:



• Tables

Please submit tables as editable text, not as images. Tables can be placed either next to the relevant text in the article, or on separate page(s) at the end. Number tables consecutively in accordance with their appearance in the text and place any table notes below the table body. Be sparing in the use of tables and ensure that the data presented in them do not duplicate results described elsewhere in the article. Please avoid using vertical rules.

Tables are created as follows: Insert→Table. (MS-Word built-in tools). A table should have a top-heading and side-heading. Table data should be aligned top left. Please do not use thick or double table borders, avoid using vertical rules.


• Titles, Captions, Notes, Annotations

Specify each graphic element’s type and number (if there are several of them) over the element. Place the element’s title next below. Place any data source (they maybe a few), notes, legends to mathematical expressions below the graphic element body, for example:


Namings and types of graphic elements, notes and other details shall be in English.

Important! Be sparing in the use of tables and ensure that the data presented in them do not duplicate results described elsewhere in the article and vice versa.



All references to other papers, books, etc., must be given at the end of the paper. They should be numbered in sequence starting at the beginning of the paper. The numbers (in brackets) should appear in the text at the appropriate places.

As the reference sources, the following materials can be used:

  • Articles from published scientific journals (or electronic versions of print journals)
  • Books
  • Monographs
  • Published conference proceedings
  • Patents

The references should:

  • Have a clear authorship (proprietary notices)
  • Be easy found by web search engines (Google, Yandex, Yahoo, MSN Bing, etc.)

The references should not include:

  • Articles from any non-scientific journals
  • Regulatory and legislative acts
  • Statistical collections and archives
  • Sources without specifying the Author (e.g., collections edited)
  • Internet sources other than scientific ones
  • Dictionaries, encyclopedias, and other reference books
  • Reports, statements, notes, protocols and the like

The sources mentioned should be indicated as footnotes at the bottom of the page. See The relevant section ↑.

The references are to be compiled in the same sequence they appear mentioned in the text of the paper, rather than alphabetically (use the Vancouver Citation Style).

The Authors are responsible for the accuracy and credibility of all information, citations, and links to cited sources.

All sources on the Reference list shall be cited or mentioned in the text. Such references shall be numbered as they are mentioned throughout the text.
For additional information, see Journal In-house Reference Style.


Citation in Text

Please ensure that every reference cited in the text is also present in the Reference list (and vice versa). Any references cited in the abstract must be given in full. Unpublished results and personal communications are not recommended in the Reference list, but may be mentioned in the text. If these references are included in the Reference list they should follow the standard reference style of the journal (See Journal In-house Reference Style) and should include a substitution of the publication date with either 'Unpublished results' or 'Personal communication'. Citation of a reference as 'in press' implies that the item has been accepted for publication.

Indicate references by number(s) in square brackets in line with the text in the order they appear in it. If there are several references, they should be listed in square brackets, separated by commas or dashes. It is correct to refer to the actual Authors using their initials and surname. The reference number(s) must always be given. You can refer to multiple sources, but not all at once.

   Correct reference indication:
'…as demonstrated [3, 6].'
b) 'F. Modigliani and M. Miller [8] formulated the important Modigliani–Miller theorem in corporate finance.'
c) 'V.V. Komarov [15–17] considered the world trends of social development…'

   Incorrect reference indication:
'Theoretical bases of human development are presented in the works by classics of economic science [1–20].'


Journal Abbreviations

Journal titles should be abbreviated in accordance with the List of Title Word Abbreviations.
If there is no particular abbreviation listed, you must specify the journal’s full title.

Digital Identifiers

Digital identifiers (if any) to cited references, such as DOI, PMID, and other should be indicated in the references.



See details

After Acceptance

Digital Object Identifier

Digital Object Identifier (DOI) is assigned to each published article starting from 2017.

DOI is the standard of denoting electronic document details on the Internet. DOI gives a direct link to the documents. Even if the document (article) is hosted at a different address on the Internet, DOI will help locate it. This quality prevents articles from being lost in the world wide web, thus breaking any links (citation). That is the reason why major publishers advise to use DOI for precise citation of their materials. Furthermore, such links are compact. For example, DOI for an article looks as follows https://doi.org/10.24891/el.22.2.163


Author’s Copy

After the Journal issue is released, the corresponding Author will receive the final version of the article via e-mail. The article will be sent as a PDF-file, with the contents of the issue being attached.

If you need a printed version of the journal, please contact our subscription and retail team by e-mail at podpiska@fin-izdat.ru.

Please refer to the Subscription section for more details on the printed version of the Journal.

Author Inquiries

To check the status of your article, please request via e-mail post@fin-izdat.ru, indicating the individual registration number of the material in the subject line of the message.


ISSN 2311-9438 (Online)
ISSN 2073-8005 (Print)

Journal current issue

Vol. 29, Iss. 1
March 2024