ECONOMIC AND STATISTICAL ANALYSIS OF THE FINANCIAL DEPTH OF THE ECONOMY
Ya.M. Mirkin1, V.N. Salin2, I.V. Dobashina2
1Institute of World Economy and International Relations, Profsoyuznaya str., 23, Moscow, 117997, Russia
2Financial University under the Government of the Russian Federation, Leningradsky ave., 49, Moscow, 125993, Russia
Keywords: финансовое развитие, финансовая глубина, статистический анализ, межстрановые сопоставления, международная финансовая статистика, financial development, financial depth, statistical analysis, cross-country comparisons, international financial statistics
Abstract
The article contains cross-country comparisons of financial depth (more than 100 countries, 2000-2013) to confirm by modern statistical data the positive relationship between the financial development and the economic growth. It justifies the differences in financial depth comparing to the developed countries and emerging markets, explains the challenges of the gaps in financial development of Russia and the developed and new industrial countries.
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