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The present state of global scientific debate in the field of financial development
https://doi.org/10.32609/0042-8736-2019-3-29-47
Abstract
The article attempts to summarize the results of a global scientific discussion in the field of financial development. Four areas of research on financial development have been identified and analyzed, which seem to be the most noticeable and significant both for the global economic discussion and for Russian experts: the impact of financial development on economic growth; the problem of assessing financial development; financial inclusion; sustainable finance concept. It is noted that the last two areas are closely related to the concepts of socio-economic development, respectively, of inclusive growth (“growth for all”) and of sustainable development. The necessity of taking into account the latest achievements of the world scientific thought in the Russian state policy concerning the financial sector is substantiated.
Keywords
financial development,
economic growth,
financial inclusion,
inequality,
financial strategies,
sustainable finance,
trade-off,
stability
JEL: B26; G18; G20; G28; O16
About the Author
Yuriy A. Danilov
Russian Presidential Academy of National Economy and Public Administration; Lomonosov Moscow State University
Russian Federation
Moscow
Russian Federation
Moscow
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For citations:
Danilov Yu.A. The present state of global scientific debate in the field of financial development. Voprosy Ekonomiki. 2019;(3):29-47. (In Russ.) https://doi.org/10.32609/0042-8736-2019-3-29-47
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