scholarly journals Financial market depth and economic development

Author(s):  
Arner Douglas W ◽  
Hsu Berry FC ◽  
Goo Say H ◽  
Johnstone Syren ◽  
Lejot Paul ◽  
...  

This chapter summarizes the main arguments and discussions of the book and presents an overview of major concerns for the future of Hong Kong’s financial markets. In addition to describing financial market law and practice in Hong Kong, this book has sought to point out related major issues, whether legal, economic, or cultural. Each chapter has concluded with an evaluation of Hong Kong’s financial markets, identifying weaknesses and where reform is most needed. This final chapter takes the analysis further, presenting an overview of major concerns for the future of Hong Kong’s financial markets and their legal and regulatory systems. These arise in two main respects: first, risks to be addressed out of concern for financial stability and the continued economic development of Hong Kong; and second, opportunities to enhance Hong Kong’s competitiveness as a financial centre, especially in the context of prospects for China and East Asia.


2012 ◽  
Vol 2 (2) ◽  
pp. 224
Author(s):  
Dariyoush Jamshidi ◽  
Neda Pouradeli ◽  
Morteza Ansari ◽  
Majid Jamshidy

ملخص: شهدت الصناعة المالية الإسلامية على مدى العقود الثلاثة الأخيرة تطورات هامة، على مستوى نمو الأصول والموجودات وكذلك على مستوى الانتشار الجغرافي والدولي، وبرزت أيضا كأحد مجالات المنافسة والتأثير على السوق المالي وأصبحت تساهم في التنمية الاقتصادية التي شهد نموها دوليا اتجاها إيجابيا من خلال العديد من المؤسسات المالية الإسلامية. يهدف البحث إلى تسليط الضوء على ما حققته الصناعة المالية الإسلامية ومدى انتشارها على المستوى الدولي مع إعطاء بعض النماذج للصناعة المالية الإسلامية في الدول الإسلامية وغير الإسلامية. الكلمات المفتاحية: الصناعة المالية الإسلامية، الصيرفة الإسلامية، الصكوك، الصناديق الإسلامية، التكافل. Abstract Over the last three decades, the Islamic financial industry has witnessed significant developments, both in terms of asset size and geographical spread. It has emerged as one of the areas of competition and has played a role in influencing the financial market and contributing to economic development which has witnessed positive growth due to the efforts of many Islamic Financial Institutions. The research aims to shed light on the achievements of the Islamic financial industry and its spread at the international level, while giving some examples to the Islamic financial industry in Islamic and non-Islamic countries. Keywords: Islamic Financial Industry, Islamic Banking, Sukuk, Islamic Funds, Takaful.


2018 ◽  
Vol 10 (0) ◽  
pp. 1-11
Author(s):  
Eglė Vaitkė ◽  
Raimonda Martinkutė-Kaulienė

Securities market is an important part of financial market, which secure distribution and redistribution of financial recources between economic entities. The scientific literature indicates that there is mutual relation between development of the securities market and country’s economic development, i. e. when country’s economic indicators improve, then development of the securities market is more active, and conversely. Development of the securities market is exposed by a lot of indicators, including investors’ expectations. This article analyses the influence of investors’ expectations to the development of the Lithuania securities market. For the research used statistical data analysis and correlation regression analysis, which results demonstrate strong correlation between investor’s expectations and development of the Lithuania securities market. Santrauka Vertybinių popierių rinka – svarbi finansų rinkos dalis, užtikrinanti finansinių išteklių paskirstymą ir perskirstymą tarp ekonominių subjektų. Mokslinėje literatūroje nurodoma, kad tarp vertybinių popierių rinkos plėtros ir šalies ekonominio vystymosi susiformavo abipusis ryšys, t. y. gerėjant šalies ekonominiams rodikliams, aktyvėja ir vertybinių popierių rinka, ir atvirkščiai. Vertybinių popierių rinkos aktyvumą ir plėtrą lemia daugelis veiksnių, tarp jų ir investuotojų lūkesčiai. Šiame straipsnyje tiriamas investuotojų lūkesčių poveikis Lietuvos vertybinių popierių rinkos plėtrai. Analizei naudojami 2005–2017 m. duomenys, atspindintys investuotojų lūkesčius (ekonominių sentimentų rodiklis, Lietuvos investuotojų pasitikėjimo indeksas) ir Lietuvos vertybinių popierių rinkos plėtrą (OMX Vilnius indeksas, vertybinių popierių rinkos plėtros rodiklis). Tyrimui atlikti taikoma statistinė duomenų analizė ir koreliacinė regresinė analizė.


2020 ◽  
Vol 36 (2) ◽  
pp. 195-222
Author(s):  
Marta Olesik Marta Olesik

When analyzing the neoliberal model of the market in terms of the transcendental conditions it creates, researchers concentrate on two distinct categories - competition and debt. Together, they constitute a form of reason specific to the economic development which occurred in our recent history. The aim of this text is to show how the financial crisis of 2007-2008 affected these two iterations of the neoliberal economic paradigm, with the bailout procedure simultaneously breaching the rules of competition and debt and then slyly re-purposing them in order to justify the situation. This re-purposing is the eponymous logical bailout which depended on a brand new transcendental form which the market has taken on. This form is introduced in a nutshell by the formula “too big to fail”. The essay shows that this slogan helped introduce an understanding of the market in terms of an environment – an intricate and inherently fragile network whose preservation is necessary for the survival of the species inhabiting it. This transcendental shift will be discussed as a survival mechanism which allowed the neoliberal paradigm to avoid demise despite its complete fiasco.


2019 ◽  
Vol 6 (53) ◽  
pp. 25-38
Author(s):  
Viktoriia Kremen ◽  
Inna Shkolnyk ◽  
Andrii Semenog ◽  
Olha Kremen

AbstractThis 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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