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Analysis of the Advancing Development of the Financial Sector in the Global Economy
[Анализ Опережающего Развития Финансового Сектора В Мировой Экономике]

Author

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  • Danilov, Yury (Данилов, Юрий)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

In the paper, the issue of advancing development of the financial sector is being investigated. Based on the calculations performed, the paper demonstrates that this process has been suspended on a global scale after the 2008 crisis, but it shows the different behavior of the financial sector segments in different countries with developed and developing financial markets. It is shown that the limits of the outstripping growth of the financial sector are likely to have been the causes of the 2008 crisis. Working hypotheses have been formulated regarding the relationship of this process with other trends in the development of the world economy. The main threats to the Russian economy in connection with the advancing development of the financial sector are formulated.

Suggested Citation

  • Danilov, Yury (Данилов, Юрий), 2017. "Analysis of the Advancing Development of the Financial Sector in the Global Economy [Анализ Опережающего Развития Финансового Сектора В Мировой Экономике]," Working Papers 051708, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:051708
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    References listed on IDEAS

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