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What is Financial Development

Chapter 26
Handbook of Research on Managerial Thinking in Global Business Economics
The development of financial institutions, financial markets and financial instruments.
Published in Chapter:
The Relationship Between Financial Development, Innovation and Economic Growth
Asuman Koc Yurtkur (Bulent Ecevit University, Turkey)
Copyright: © 2019 |Pages: 18
DOI: 10.4018/978-1-5225-7180-3.ch026
Abstract
Along with the globalization process, the relationship between the existence of an advanced financial system, financial development and economic growth has become one of the most debated issues. The financial system, development and development indicators, which play an important role in the overall success levels of the economy, are among the topics to be considered due to this importance. In this study, financial development, economic growth, and theoretical approaches are discussed. Moreover, the fact that the subject is empirically presenting evidence requires examination of this situation with studies in the literature. The presence of the findings obtained empirically, in particular Turkey's economy has made it necessary to include a large empirical literature. The generally accepted financial development indicators, which provide comparability in terms of countries, are examined in terms of financial markets and financial institutions in terms of depth, access, stability and efficiency during the period 2005-2015.
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Chapter 13
Financial Globalization and the Development of China's Economy
The continuous improvement of financial efficiency brought by the expansion of financial transaction scale and the process of financial industry upgrading. It is reflected in the elimination of financial repression and the improvement of financial structure, the innovation of financial instruments and the diversification of financial institutions to adapt to economic development.
Published in Chapter: Financial Globalization and the Development of China's Economy; From: Handbook of Research on Institutional, Economic, and Social Impacts of Globalization and Liberalization
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Chapter 7
The Growth Effects of Financial Development Over Economic Cycle in South Africa
Is about overcoming “costs” incurred in the financial system. This process of reducing the costs of acquiring information, enforcing contracts, and making transactions resulted in the emergence of financial contracts, markets, and intermediaries.
Published in Chapter: The Growth Effects of Financial Development Over Economic Cycle in South Africa; From: Handbook of Research on Institution Development for Sustainable and Inclusive Economic Growth in Africa
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Chapter 15
Financial Development and Economic Growth: Panel Data Analysis
Financial development is part of the private sector development strategy to stimulate economic growth and reduce poverty. overcoming “costs” incurred in the financial system. This process of reducing costs of acquiring information, enforcing contracts, and executing transactions results in the emergence of financial contracts, intermediaries, and markets. Different types and combinations of information, transaction, and enforcement costs in conjunction with different regulatory, legal and tax systems have motivated distinct forms of contracts, intermediaries and markets across countries in different times.
Published in Chapter: Financial Development and Economic Growth: Panel Data Analysis; From: Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance
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Chapter 3
Financial Inclusion Literature Review: Definition, Measurement, and Challenges
Financial development occurs when intermediaries, markets and financial instruments ease the effects of information, enforcement, and transactions costs. It creates enabling conditions for growth through either a supply-leading (financial development spurs growth) or a demand-following (growth generates demand for financial products) channel.
Published in Chapter: Financial Inclusion Literature Review: Definition, Measurement, and Challenges; From: The Role of Financial Inclusion for Reaching Sustainable Development Goals
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Chapter 1
Re-Examining the Impact of Financial System on Economic Growth: New Evidence From Heterogeneous Regional Panels
Financial development thus involves the establishment and expansion of institutions, instruments and markets that support this investment and growth process.
Published in Chapter: Re-Examining the Impact of Financial System on Economic Growth: New Evidence From Heterogeneous Regional Panels; From: Handbook of Research on Global Enterprise Operations and Opportunities
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Chapter 17
How to Measure the Level of Financial Development
Financial development may be defined as the developments in the size, efficiency and stability of and access to the financial system.
Published in Chapter: How to Measure the Level of Financial Development; From: Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance
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Chapter 7
Gross Domestic Savings, Household Consumption, and Inequality in Africa: A Panel Analysis
Financial development is the development of financial institutions, financial markets, and financial instruments. It involves funding of entrepreneurial activity and innovations.
Published in Chapter: Gross Domestic Savings, Household Consumption, and Inequality in Africa: A Panel Analysis; From: Emerging Trends and Insights on Economic Inequality in the Wake of Global Crises
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Chapter 18
Financial Development and Energy Consumption in Turkey: Empirical Evidence from Cointegration and Causality Tests
Financial development means some improvements in producing information about possible investments and allocating capital, monitoring firms and exerting corporate governance, trading, diversification, and management of risk, mobilization and pooling of savings, easing the exchange of goods and services. These financial functions affect savings andinvestment decisions, and technological innovationsand hence economic growth.
Published in Chapter: Financial Development and Energy Consumption in Turkey: Empirical Evidence from Cointegration and Causality Tests; From: Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry
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Chapter 21
Foreign Direct Investment, Financial Development and Economic Growth: The Case of Turkey
Financial development refers to the fulfilment of the functions of the financial system in the best manner by eliminating the market distortions.
Published in Chapter: Foreign Direct Investment, Financial Development and Economic Growth: The Case of Turkey; From: Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance
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Chapter 22
Globalization, Financial Development and Income Inequality
The degree of improvement in financial markets. Both concerning the size and quality of financial markets.
Published in Chapter: Globalization, Financial Development and Income Inequality; From: Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance
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