The Depth of the Financial System: A Comparison of Developed and Less Developed Countries

Kaya, H.D.

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Title	The Depth of the Financial System: A Comparison of Developed and Less Developed Countries
Authors	Kaya, H.D.
ORCID
Keywords	depth глибина глубина financial system финансовая система фінансова система OECD ОЕСР ОЭСР income level уровень доходов рівень доходу
Type	Article
Date of Issue	2020
URI	https://essuir.sumdu.edu.ua/handle/123456789/81664
Publisher	Sumy State University
License	Creative Commons Attribution 4.0 International License
Citation	Kaya, H.D. (2020). The Depth of the Financial System: A Comparison of Developed and Less Developed Countries. Financial Markets, Institutions and Risks, 4(4), 109-118. https://doi.org/10.21272/fmir.4(4).109-118.2020
Abstract	This paper summarizes the arguments and counterarguments within the scientific discussion on the issue of how countries’ income levels are related to the depth of their financial system. The main purpose of the research is to determine whether high-income countries have deeper financial systems when compared to other countries. We also examine whether high-income OECD member countries have a deeper financial system when compared to high-income non-OECD member countries. Our contribution is threefold: First, our study has a wider scope than most of the previous studies (i.e. 203 countries in total). Second, we examine both the impact of OECD membership and the actual income level on “depth”. depthdepth
Appears in Collections:	Financial Markets, Institutions and Risks (FMIR)