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

Kremen Viktoriia (), Shkolnyk Inna, Semenog Andrii and Kremen Olha
Additional contact information
Kremen Viktoriia: National Transport University Kyiv, Ukraine
Shkolnyk Inna: Sumy State University, Ukraine
Semenog Andrii: Sumy State University, Ukraine
Kremen Olha: Kyiv National University of Technologies and Design, Ukraine

Central European Economic Journal, 2019, vol. 6, issue 53, 25-38

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.

Keywords: financial sustainability; socio-economic development; financial development; financial sector; financial market (search for similar items in EconPapers)
JEL-codes: G20 G28 O16 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/ceej-2019-0003 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:ceuecj:v:6:y:2019:i:53:p:25-38:n:2

DOI: 10.2478/ceej-2019-0003

Access Statistics for this article

Central European Economic Journal is currently edited by Anna Matysiak

More articles in Central European Economic Journal from Sciendo
Bibliographic data for series maintained by Peter Golla ().