Evaluating the Relationship Between Financial Sustainability and Socio-Economic Development of Countries
Evaluating the Relationship Between Financial Sustainability and Socio-Economic Development of Countries
Author(s): Viktoriia Kremen, Inna Shkolnyk, Andriii Semenog, Olha KremenSubject(s): National Economy, Economic policy, Economic development, Financial Markets, Socio-Economic Research
Published by: Wydawnictwa Uniwersytetu Warszawskiego
Keywords: financial sustainability; socio-economic development; financial development; financial sector; financial market;
Summary/Abstract: 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.
Journal: Central European Economic Journal
- Issue Year: 6/2019
- Issue No: 53
- Page Range: 26-38
- Page Count: 13
- Language: English