Theoretical approaches to definition of the category of financial development in the global economic science and its role in economic growth

Economic Annals-XXI: Volume 121, Issue 7-9, Pages: 6-9

Citation information:
Kasiyan, E. V. (2012). Theoretical approaches to definition of the category of financial development in the global economic science and its role in economic growth. Economic Annals-XXI, 7-8, 6-9. https://ea21journal.world/index.php/ea-v121-02/

E. V. Kasiyan

Theoretical approaches to definition of the category of financial development in the global economic science and its role in economic growth

Abstract. In the article the main theoretical approaches to definition of the category of financial development in the global economic science are analyzed and systematized. Also, the basic components of financial development, its determinants, its basic concept and its importance in socio-economic development of the state are described.

Keywords: Financial Development; Functions of the Financial System; Financial Globalization; Qualitative Characteristics of Financial System; Economic Growth