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2019 | 6 | nr 53 | 25--38
Tytuł artykułu

Evaluating the Relationship Between Financial Sustainability and Socio-Economic Development of Countries

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This paper examines the mainstream theories of "financial sustainability" and "financial development". It is suggested understanding "financial development" as the complex dynamic characteristics of the financial sector, which is formed under the influence of financial and economic policy factors and the financial market functioning. The paper provides the methodology of relationship between financial sustainability and socio-economic development of countries evaluation. Based on the matrix method, it is proved that the differences in developed and developing countries occur due to the relationship between financial sustainability and financial development. (original abstract)
Rocznik
Tom
6
Numer
Strony
25--38
Opis fizyczny
Twórcy
  • National Transport University Kyiv, Ukraine
  • Sumy State University, Ukraine
  • Sumy State University, Ukraine
autor
  • Kyiv National University of Technologies and Design, Ukraine
Bibliografia
  • [1] Almarzoqi, R., Naceur, S., & Kotak, A. (2015). What matters for financial development and stability? (IMF Working Papers, Working Paper No. 15/173). Retrieved from International Monetary Fund: https://www.imf.org/external/pubs/ft/ wp/2015/wp15173.pdf.
  • [2] Batuo, M., Mlambo, K., & Asongu, S. (2017). Linkages between financial development, financial instability, financial liberalisation and economic growth in Africa. Research in International Business and Finance, 45, 168-179.
  • [3] Bordo, M., & Meissner, C. (2015). Growing up to stability? Financial globalization, financial development and financial crises (NBER Working Paper, Working Paper No. 21287). Retrieved from National Bureau of Economic Research: http://www. nber.org/papers/w21287.pdf.
  • [4] Carbó-Valverde, S., & Pedauga, L. (2013). Financial stability and economic growth. In J.F. de Guevara Radoselovics & J.M.P. Monsálvez (Eds.), Crisis, risk and stability in financial markets (pp. 8-23). London, England: Palgrave Macmillan.
  • [5] Chant, J., Lai, A., Illing, M., & Daniel, F. (2003). Essays on financial stability. Canada: Bank of Canada.
  • [6] Čihák, M., Demirgüč-Kunt, A., Feyen, E., & Levine, R. (2013). Financial development in 205 economies, 1960 to 2010 (NBER Working Paper, Working Paper No. 18946). Retrieved from National Bureau of Economic Research: http://www.nber. org/papers/w18946.pdf.
  • [7] Cree, J., Hubert, P., & Labondance, F. (2013). Financial stability and economic performance. Retrieved from HAL: https:// hal-sciencespo.archives-ouvertes.fr/hal-01064263/document.
  • [8] Crockett, A. (1997). The theory and practice of financial stability. Retrieved from www.princeton.edu: https://www. princeton.edu/~ies/IES_Essays/E203.pdf.
  • [9] Eatweal, J., Milgate, M., & Mewman, P. (1998). The new Palgrave a dictionary of economics. London, England: Macmillan Reference Ltd.
  • [10] Ferguson, R. (2002). Should financial stability be an explicit central bank objective? Retrieved from International Monetary Fund: https://www.imf.org/external/pubs/ft/ seminar/2002/gfs/eng/ferguson.pdf.
  • [11] Financial Soundness Indicators: Compilation Guide. (2018). Retrieved from International Monetary Fund: https://www. imf.org/external/pubs/ft/fsi/guide/2006/index.htm.
  • [12] Financial Soundness Indicators (FSIs)/IMF Data Access to Macroeconomic & Financial Data. (2018). Retrieved from International Monetary Fund: http://data.imf.org/regular. aspx?key=61404590.
  • [13] Foot, M. (2003). What is \'financial stability\' and how do we get it? London, England: The Roy Bridge Memorial Lecture, Financial Services Authority.
  • [14] Heath, R. (2013). Modifications to the current list of financial soundness indicators. Retrieved from International Monetary Fund: https://www.imf.org/external/np/pp/ eng/2013/111313.pdf.
  • [15] Levine, R. (2004). Finance and growth: Theory and evidence (NBER Working Paper, Working Paper No. 10766). Retrieved from National Bureau of Economic Research: http://www. nber.org/papers/w10766.pdf.
  • [16] Mishkin, F.S. (1999). Global financial instability: Framework, events, issues. Journal of Economic Perspectives, 13(4), 3-20.
  • [17] Schinasi, G. (2004). Defining financial stability (IMF Working papers, Working Paper No. WP/04/187). Retrieved from International Monetary Fund: https://www.imf.org/ external/pubs/ft/wp/2004/wp04187.pdf.
  • [18] Schinasi, G. (2006). Safeguarding financial stability: Theory and practice. Washington, DC: International Monetary Fund, Publication Services.
  • [19] Schwab, K. (2017). The global competitiveness report (Rep.). Retrieved from World Economic Forum: http://www3. weforum.org/docs/GCR2017-2018/05FullReport/ TheGlobalCompetitivenessReport2017 2018.pdf.
  • [20] The Financial Sector Assessment Program. (2018). Retrieved from International Monetary Fund: https://www.imf.org/ external/np/fsap/fsap.aspx.
  • [21] World Bank: Free and open access to global development data. (2018). Retrieved from World Bank: https://data. worldbank.org/.
  • [22] World Economic Forum. (2012). The financial development report (Rep.). Retrieved from World Economic Forum: http://reports.weforum.org/financial-development-report-2012/
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171602635

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