The role of the national financial systems in the international competitiveness ensuring of the Scandinavian countries

Economic Annals-XXI: Volume 130, Issue 5-6(2), Pages: 3-6

Citation information:
Shmorgun, O. (2013). The role of the national financial systems in the international competitiveness ensuring of the Scandinavian countries. Economic Annals-XXI, 5-6(2), 3-6. https://ea21journal.world/index.php/ea-v130-01/

Olga Shmorgun
PhD Student,
Vadym Hetman Kyiv National Economic University, Ukraine
oli.shmorgun@gmail.com

The role of the national financial systems in the international competitiveness ensuring of the Scandinavian countries

Abstract. The article is devoted to features of functioning of a financial system of the Scandinavian countries (state budgets, taxations, stock exchanges, banks). The author compares the efficiency of financial systems of Denmark, Norway, Iceland, Sweden and Finland with other world leaders. It is defined that a basis of the Scandinavian countries economies successful development is effective and reliable financial system. It is concluded that specific distribution and redistribution of budgetary funds are important conditions for high level of competitiveness achievement by these countries’ economies.

Keywords: Financial System; Scandinavian Countries; Budget; Taxation; Competitiveness; Stock Exchange; Banks

JEL Classification: F29; F30

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Received 14.05.2013