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

Viktoriia Kremen; Inna Shkolnyk; Andrii Semenog; Olha Kremen

doi:10.2478/ceej-2019-0003

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

Central European Economic Journal

Volume 6 (2019): Issue 53 (January 2019)

By: Viktoriia Kremen , Inna Shkolnyk, Andrii Semenog and Olha Kremen

Open Access

|Dec 2019

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.

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Articles in this issue

DOI: https://doi.org/10.2478/ceej-2019-0003 | Journal eISSN: 2543-6821 | Journal ISSN: 2544-9001

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Language: English

Page range: 25 - 38

Published on: Dec 23, 2019

Published by: Faculty of Economic Sciences, University of Warsaw

In partnership with: Paradigm Publishing Services

Publication frequency: 1 issue per year

Keywords:

financial sustainability,

socio-economic development,

financial development,

financial sector,

financial market

Related subjects:

Business and economics,

Political economics,

Economic theory, systems and structures,

Microeconomics,

Macroeconomics,

Economic policy

© 2019 Viktoriia Kremen, Inna Shkolnyk, Andrii Semenog, Olha Kremen, published by Faculty of Economic Sciences, University of Warsaw
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Volume 6 (2019): Issue 53 (January 2019)