<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

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

Kyiv National University of Technologies and Design

Central European Economic Journal

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

This paper examines the mainstream theories of “financial sustainability” and “financial development”. It is suggested understanding “financial development” as...

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

Published Online: Dec 23, 2019

Page range: 25 - 38

DOI: https://doi.org/10.2478/ceej-2019-0003

Keywords
financial sustainability, socio-economic development, financial development, financial sector, financial market

© 2019 Viktoriia Kremen et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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

Published Online: Dec 23, 2019

Page range: 25 - 38

DOI: https://doi.org/10.2478/ceej-2019-0003

Keywordsfinancial sustainability, socio-economic development, financial development, financial sector, financial market

© 2019 Viktoriia Kremen et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
financial sustainability, socio-economic development, financial development, financial sector, financial market