Assessment of Financial Development of Countries Based on the Matrix of Financial Assets

Господарчук, Г Г; Zeleneva, Elena S.

doi:10.3390/economies10050122

Cited by 4 publications

(3 citation statements)

References 40 publications

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“…The ratio of the total financial assets of these countries to the population is used as an indicator of the financial development of countries. This choice is explained by the higher representativeness of the data and the higher resistance of the indicator "Population size" to changes in macroeconomic conditions, compared with the indicator "Gross domestic product" [ 33 ];…”

Section: Methodsmentioning

confidence: 99%

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Stability of financial development: Problems of measurement, assessment and regulation

Господарчук

Zeleneva

2022

PLoS ONE

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Adequate measurement, assessment, and regulation of financial development stability are key components, the formation of effective macroprudential policies, and the coordination of these policies among countries. However, an analysis materials on the subject shows that work in this area is fragmented,. In this regard, the purpose of this study is to develop a methodology for diagnosing and regulating the stability of financial development based on a systematic approach. The study used systematic, comparative, and GEO analysis, econometric methods. As a result, new indicators have been developed to diagnose the financial development of countries. The authors also propose criteria, which could be used to signal the need for countercyclical regulation tools. The novelty of the study lies in a systematic approach to the diagnosis and regulation of the stability of financial development. The systemic nature of the study is ensured by the application of the statistical framework of the System of National Accounts. Testing of the developed indicators and criteria was carried out in relation to the OECD+ (Organisation for Economic Co-operation and Development) countries for the period 2007–2020. As a result of the testing, a rating of countries was built according to the level of stability of financial development. This rating highlighted leading countries as well as countries generating systemic risks. The study also assessed the legal grounds behind the introduction of a countercyclical markup by a number of countries. The new diagnostic and regulatory system has a number of advantage—it is highly representative and objective by nature, and has a wide range of applications. The use of this system will improve the complexity and quality of diagnosing and regulating the stability of financial development at the national and global levels, as well as increase the effectiveness of public decision-making.

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Section: Methodsmentioning

confidence: 99%

“…Publications directly related to the topic of financial stability are extremely rare. As follows from the publications [ 33 , 34 ], this may be due to the uncertain scientific status of the concept of financial development and the fragmentary nature of the metrics that signal an excessive accumulation of systemic risks.…”

Section: Literature Reviewmentioning

confidence: 99%

Stability of financial development: Problems of measurement, assessment and regulation

Господарчук

Zeleneva

2022

PLoS ONE

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“…In addition, different sets of these indicators can lead to opposite conclusions (see, for example, [29]). The third methodological approach (systemic), which is relatively new, utilizes the matrix of financial assets from the System of National Accounts (SNA) to measure financial development [30]. This approach considers all financial flows in the economy and their interconnections.…”

Section: -Literature Reviewmentioning

confidence: 99%

Financial Development Strategies: Defining Objectives and Priorities

Gospodarchuk,

Zeleneva

2023

Emerg Sci J

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In recent years, scientific and practical interest in the strategic management of countries' financial development has grown significantly. However, an analysis of publications on this topic indicates the absence of a methodology to make strategic decisions on the formation of goals and priorities for financial development. The purpose of this study is to develop a methodology for the strategic management of the financial development of countries. The study uses methods of systemic, comparative, GEP analysis, and a rule-based judgment method. The result of the study is the development of a concept that allows defining strategy, quantified strategic goals and priorities for financial development, and its testing in OECD countries. The novelty of the research lies in the systematic approach to the formation of strategic goals and priorities based on the System of National Accounts, the multi-level system of key indicators of financial development, criteria formalizing alternative strategies, and rules for making strategic decisions. This is the first time such a concept has been proposed. The advantages of the developed concept are high representativeness, objectivity, and a wide range of applications. Its use will improve the quality of strategic management of countries' financial development and ensure transparency in government decisions. Doi: 10.28991/ESJ-2023-07-06-09 Full Text: PDF

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The Development of the Cooperative Banking Sector in Selected Central and Eastern European Countries

Nowacka

2024

CER

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The study assesses the development of the cooperative banking sector in selected Central and Eastern European (CEE) countries against the average statistics of the segment in those countries. It also compares it to the largest European cooperative banking group in Germany. The article presents the results of an analysis of the cooperative banking sectors between 2016 and 2021 in Poland, Bulgaria, Romania, Hungary and Germany, all of which are members of the European Association of Cooperative Banks (EACB). The selection criterion was based on the availability of detailed data on cooperative banks published by the EACB on a temporal and spatial basis. The empirical basis for the issues addressed in the article is a review of the reference literature and the comparative analysis of the development of the cooperative banking sector using a synthetic development indicator for the period 2016–2021. According to the theoretical and empirical analysis, Romania demonstrates the lowest level of development of the cooperative banking segment. In turn, the Polish and Bulgarian cooperative banking sectors represents a higher level of development than the Romanian one. Hungary has reached the highest level of development in the group of Central and Eastern European countries. While comparing the CEE countries to the German cooperative banking sector, their development was almost one and a half times lower and, in the case of Romania, three times lower.

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Assessment of Financial Development of Countries Based on the Matrix of Financial Assets

Cited by 4 publications

References 40 publications

Stability of financial development: Problems of measurement, assessment and regulation

Stability of financial development: Problems of measurement, assessment and regulation

Financial Development Strategies: Defining Objectives and Priorities

The Development of the Cooperative Banking Sector in Selected Central and Eastern European Countries

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