The Dependence of Economic Growth and the Depth of the Financial Market
Journal Title: Бізнес Інформ - Year 2015, Vol 2, Issue 0
Abstract
The article studies the meaning of development of the financial market and its effect on economic growth. The authors analyzed the current financial market development status by world regions. While assessing the mutual dependence of development of the financial market and revival of the country’s economy, it is necessary to take into account basic financial development indicators. Analysis of financial depth suggests that developed countries have the largest bond markets, stocks, and the market of securitized instruments. If there is volatility in the capital flows in an insufficiently developed infrastructure of the securities market, even with a high global index of financial depth this may seriously affect the stability of the country’s pay balance. The analysis allowed concluding that there is a connection between the level of development of the financial market based on the dynamics of volumes of financial assets and the economic growth rate due to the Gross domestic product dynamics.
Authors and Affiliations
Inna Shkolnik, Elyzaveta Kravchenko
Keywords
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