{"title":"Financial Market Development and Economic Growth in Sweden","authors":"","doi":"10.53819/81018102t5269","DOIUrl":null,"url":null,"abstract":"Financial market development plays a crucial role in fostering economic growth by providing an efficient platform for the allocation of funds. As financial markets become more sophisticated and inclusive, they enable businesses to access capital more readily for investments in productive assets and innovative projects. Additionally, well-functioning financial markets encourage savings, promote risk-sharing, and enhance liquidity, facilitating economic expansion. Governments and policymakers play a pivotal role in nurturing financial market development through prudent regulations and incentives to drive economic growth and stability. Findings from studies on financial market development and economic growth in Sweden indicate a strong positive relationship between the two variables. Sweden's well-developed financial markets, characterized by a robust banking sector and capital markets, have been instrumental in promoting economic growth and stability. This is particularly evident in Sweden's ability to efficiently allocate capital, encourage innovation, and facilitate a high level of savings, contributing to its strong economic performance. In conclusion, the relationship between financial market development and economic growth in Sweden is robust and mutually reinforcing. Sweden's well-established financial markets, including a strong banking sector and capital markets, have been instrumental in driving the nation's sustained economic growth. These findings underscore the importance of nurturing financial market development as a vital component of fostering economic expansion and stability in Sweden. The study recommended that to further enhance the synergy between financial market development and economic growth in Sweden, policymakers should focus on maintaining regulatory stability and fostering innovation in the financial sector. Promoting financial inclusion to ensure that a broader section of the population can access and benefit from the opportunities offered by well-developed financial markets can be a valuable strategy for driving economic growth. Keywords: Financial Market Development, Economic Growth, Sweden","PeriodicalId":39488,"journal":{"name":"Afro-Asian Journal of Finance and Accounting","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Afro-Asian Journal of Finance and Accounting","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.53819/81018102t5269","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 0
Abstract
Financial market development plays a crucial role in fostering economic growth by providing an efficient platform for the allocation of funds. As financial markets become more sophisticated and inclusive, they enable businesses to access capital more readily for investments in productive assets and innovative projects. Additionally, well-functioning financial markets encourage savings, promote risk-sharing, and enhance liquidity, facilitating economic expansion. Governments and policymakers play a pivotal role in nurturing financial market development through prudent regulations and incentives to drive economic growth and stability. Findings from studies on financial market development and economic growth in Sweden indicate a strong positive relationship between the two variables. Sweden's well-developed financial markets, characterized by a robust banking sector and capital markets, have been instrumental in promoting economic growth and stability. This is particularly evident in Sweden's ability to efficiently allocate capital, encourage innovation, and facilitate a high level of savings, contributing to its strong economic performance. In conclusion, the relationship between financial market development and economic growth in Sweden is robust and mutually reinforcing. Sweden's well-established financial markets, including a strong banking sector and capital markets, have been instrumental in driving the nation's sustained economic growth. These findings underscore the importance of nurturing financial market development as a vital component of fostering economic expansion and stability in Sweden. The study recommended that to further enhance the synergy between financial market development and economic growth in Sweden, policymakers should focus on maintaining regulatory stability and fostering innovation in the financial sector. Promoting financial inclusion to ensure that a broader section of the population can access and benefit from the opportunities offered by well-developed financial markets can be a valuable strategy for driving economic growth. Keywords: Financial Market Development, Economic Growth, Sweden
期刊介绍：
Finance and accounting are seen as essential components for the successful implementation of market-based development policies supporting economic liberalisation in the rapidly emerging economies in Africa, the Middle-East and Asia. AAJFA aims to foster greater discussion and research of the development of the finance and accounting disciplines in these regions. A major feature of the journal will be to emphasise the implications of this development and the effects on businesses, academics and professionals. Topics covered include: -Asset pricing, corporate finance, banking; market microstructure -Behavioural and experimental finance; law and finance -Emerging economies: finance, audit committees, corporate governance -Islamic finance, accounting and auditing -Equity analysis and valuation, venture capital and IPOs -National GAAP and IASs compliance, harmonisation and strategies -Financial measurement/disclosure, and the quality of information reported -Accountability and social/ethical/environmental measurement/reporting -Cultural, political, institutional impact on financial measurement/disclosure -Accounting practices for intellectual capital and other intangible assets -Provision of non-audit services and impairment to auditor independence -Audit quality and auditor skills; internal control/auditing -Management accounting, control and /use of key performance indicators -Accounting education and professional development, accounting history -Public sector and not-for-profit accounting
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