Financial market and economic growth

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Financial market and economic growth
Financial market and economic growth: outlines of the problem
by david kandel


English | 2020 | ASIN: B08P3PV6YD | 227 Pages | EPUB | 1 MB
The rapid development of the financial market in Russia in 2005-2008. caused a noticeable increase in its share in the domestic economy . If in 1999 the share of capitalization of the stock market in Russia barely reached 20% of GDP, then by the end of 2007 it came close to 100%. A significant breakthrough in development over these years was made in the banking sector: the ratio of commercial banks' assets to GDP as of the beginning of 2008 exceeded 60%, having "started" in 1999 from 40%. Such dynamics allowed for many indicators to reach ahead of schedule the levels planned as targets for 2009-2010. Accordingly, now the private sector of the financial market, government regulators and the scientific community are faced with the question of further ways of developing this sector of the economy, increasing its efficiency. The problem of assessing the contribution of the financial market to the country's social and economic development has not lost its relevance either. It has been the subject of scientific research by the author of the monograph over the past four years.
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