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Quantitative Measurement of Financial Development in Central and Eastern Europe

Author

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  • Gabriela BADAREU

    (University of Craiova, Doctoral School)

Abstract

In this Article, I will first look at the main theoretical approaches financial development and how to quantify it, and in the second part I will measure quantitative financial development in the countries of Central and Eastern Europe for the period 2007-2017. For quantitative measurement, I built an index composed of variables that measure the size and depth of the banking, stock market and insurance markets. In this regard, we used as variables for quantifying financial development in quantitative terms: domestic credit to the private sector by banks, market capitalization and international debt issues, the volume of general insurance premiums, the volume of life insurance premiums, all relative to GDP.

Suggested Citation

  • Gabriela BADAREU, 2021. "Quantitative Measurement of Financial Development in Central and Eastern Europe," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(23), pages 151-162, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2021:i:23:p:151-162
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    More about this item

    Keywords

    Financial development; measurement methods; quantitative measurement; measurement index;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G2 - Financial Economics - - Financial Institutions and Services
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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