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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Kremen Viktoriia & Shkolnyk Inna & Semenog Andrii & Kremen Olha, 2019. "Evaluating the Relationship Between Financial Sustainability and Socio-Economic Development of Countries," Central European Economic Journal, Sciendo, vol. 6(53), pages 25-38, January.
    • Handle: RePEc:vrs:ceuecj:v:6:y:2019:i:53:p:25-38:n:2
    DOI: 10.2478/ceej-2019-0003
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    financial sustainability; socio-economic development; financial development; financial sector; financial market;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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