Effect of financial development of the Visegrad Group on social and economic well-being
Journal Title: Економіка: реалії часу - Year 2017, Vol 6, Issue 34
Abstract
In the article, regional features realization of the potential of The article analyses national financial sytems of V4 Group. It is detremined that the national financial systems of the V4 countries are bank-oriented and characterized by ahigh level of internationalization. The current state of banking systems of Visegrad Group countries have been analyzed. Based on the results of theoretical and empirical research, it was concluded that the banking system plays an important role in ensuring the social and economic well-being of the V4 countries. First of all, it is a channel for inflow and distribution of FDI. Secondly, the ownership structure of the banking sector affects credit policy, currency stability and the ability of the national economy to withstand external shocks. Thirdly, the level of national banking institutions development in V4 countries determines the ability of domestic small and medium-sized enterprises.
Authors and Affiliations
Anastasiya Gural, Irina Lomachinska
Keywords
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- EP ID EP326000
- DOI 10.5281/zenodo.1311055
- Views 104
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