IDEAS home Printed from https://ideas.repec.org/a/teu/ged000/v4y2026id9210.html

Ways To Ensure The Financial Stability Of Enterprises Through The Use Of Monetary And Credit Instruments In Banks

Author

Listed:
  • Mustafaeva Khurliman Azat kizi
  • Baymuratova Zina Aqilbekovna

Abstract

This paper examines the critical role of commercial banks in the development and deepening of capital marketsin both emerging and developed economies. Capital markets serve as key mechanisms for mobilizing long-term financialresources, stimulating investment activity, and supporting sustainable economic growth. Traditionally viewed as institutionsprimarily engaged in deposit-taking and lending, commercial banks have increasingly expanded their functions to includesecurities underwriting, investment portfolio management, and facilitation of financial intermediation between investorsand issuers.Using a mixed-method research approach that combines empirical data analysis, cross-country comparisons, and trendevaluation for the period 2015–2022, the study identifies a strong positive correlation between the scale and efficiencyof the banking sector and key indicators of capital market development. These indicators include market capitalization,the volume of initial public offerings (IPOs), and corporate bond issuance. Countries with well-capitalized and diversifiedbanking systems demonstrate higher investor confidence, stronger capital market activity, and more stable access tofinancing for the private sector.Furthermore, the study highlights the role of regulatory frameworks, technological innovation, and institutional capacity inenhancing the ability of commercial banks to support capital market development. The findings offer practical implicationsfor financial regulators, policymakers, and development strategists seeking to strengthen financial systems through closerintegration of banking institutions and capital market infrastructure.

Suggested Citation

  • Mustafaeva Khurliman Azat kizi & Baymuratova Zina Aqilbekovna, 2026. "Ways To Ensure The Financial Stability Of Enterprises Through The Use Of Monetary And Credit Instruments In Banks," GREEN ECONOMY AND DEVELOPMENT, "Ma'rifat-Print-Media" LLC, Tashkent State University of Economics, vol. 4, January.
    • Handle: RePEc:teu:ged000:v:4:y:2026:id:9210
    DOI: 10.5281/zenodo.18641496
    as

    Download full text from publisher

    File URL: https://yashil-iqtisodiyot-taraqqiyot.uz/journal/index.php/GED/article/view/9210
    File Function: Abstract page
    Download Restriction: no
    File URL: https://yashil-iqtisodiyot-taraqqiyot.uz/journal/index.php/GED/article/download/9210/7406
    File Function: Full text
    Download Restriction: no
    File URL: https://libkey.io/10.5281/zenodo.18641496?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Demirguc-Kunt, Asli & Levine, Ross, 1999. "Bank-based and market-based financial systems - cross-country comparisons," Policy Research Working Paper Series 2143, The World Bank.
    2. Thorsten Beck & Asli Demirgüç-Kunt & Ross Levine, 2000. "A New Database on the Structure and Development of the Financial Sector," The World Bank Economic Review, World Bank, vol. 14(3), pages 597-605, September.
    3. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934, Elsevier.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yongfu Huang & Jonathan Temple, 2005. "Does external trade promote financial development?," Bristol Economics Discussion Papers 05/575, School of Economics, University of Bristol, UK.
    2. Wei Huang, 2006. "Emerging Markets, Financial Openness and Financial Development," Bristol Economics Discussion Papers 06/588, School of Economics, University of Bristol, UK.
    3. Ouyang, Yaofu & Li, Peng, 2018. "On the nexus of financial development, economic growth, and energy consumption in China: New perspective from a GMM panel VAR approach," Energy Economics, Elsevier, vol. 71(C), pages 238-252.
    4. Samargandi, Nahla & Fidrmuc, Jan & Ghosh, Sugata, 2015. "Is the Relationship Between Financial Development and Economic Growth Monotonic? Evidence from a Sample of Middle-Income Countries," World Development, Elsevier, vol. 68(C), pages 66-81.
    5. de Moraes, Claudio Oliveira & Cruz, Guilherme, 2023. "What do we know about the relationship between banks and income inequality? Empirical evidence for emerging and low-income countries," Journal of Economics and Business, Elsevier, vol. 123(C).
    6. Cândida Ferreira, 2021. "Financial development and macroeconomic performance: a panel data approach," Working Papers REM 2021/0173, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    7. Nicola Limodio, 2015. "The Development Impact of Financial Regulation: Evidence from Ethiopia and Antebellum USA," 2015 Meeting Papers 355, Society for Economic Dynamics.
    8. Botta, Alberto & Caverzasi, Eugenio & Russo, Alberto, 2022. "When complexity meets finance: A contribution to the study of the macroeconomic effects of complex financial systems," Research Policy, Elsevier, vol. 51(8).
    9. Gächter, Martin & Gkrintzalis, Ioannis, 2017. "The finance–trade nexus revisited: Is the global trade slowdown also a financial story?," Economics Letters, Elsevier, vol. 158(C), pages 21-25.
    10. Koçak Emrah & Uzay Nısfet, 2019. "The effect of financial development on income inequality in Turkey: An estimate of the Greenwood-Jovanovic hypothesis," Review of Economic Perspectives, Paradigm, vol. 19(4), pages 319-344, December.
    11. Boubakri, Narjess & El Ghoul, Sadok & Guedhami, Omrane & Hossain, Mahmud, 2020. "Post-privatization state ownership and bank risk-taking: Cross-country evidence," Journal of Corporate Finance, Elsevier, vol. 64(C).
    12. Satyananda Sahoo, 2014. "Financial Intermediation and Growth: Bank-Based versus Market-Based Systems," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 8(2), pages 93-114, May.
    13. Breitenlechner, Max & Gächter, Martin & Sindermann, Friedrich, 2015. "The finance–growth nexus in crisis," Economics Letters, Elsevier, vol. 132(C), pages 31-33.
    14. Jonathan Chiu & Cesaire Meh & Randall Wright, 2011. "Innovation and growth with financial, and other, frictions," Working Papers 688, Federal Reserve Bank of Minneapolis.
    15. Apergis, Nicholas, 2024. "The role of loan loss provisions in income inequality: Evidence from a sample of banking institutions," Journal of Financial Stability, Elsevier, vol. 73(C).
    16. Imtiaz, Amir & Javid, Snober, 2023. "Resource curse or blessings hypothesis in Pakistan: The role of financial development and oil prices in era of globalization," Resources Policy, Elsevier, vol. 86(PA).
    17. Moayedi, Vafa & Aminfard, Matin, 2011. "The Impact of Policy Shocks on Financial Structure: Empirical Results from Japan," MPRA Paper 39185, University Library of Munich, Germany.
    18. Ali, Amjad & Anjum, Rana Muhammad Adil & Irfan, Muhammad, 2025. "Impact of Exchange Rate Regimes on Financial Stability in Developed and Developing Economies," MPRA Paper 127533, University Library of Munich, Germany.
    19. Beck, T.H.L., 2006. "Creating an efficient financial system : Challenges in a global economy," Other publications TiSEM fa839175-173f-4972-a0e7-e, Tilburg University, School of Economics and Management.
    20. Beck Thorsten & Büyükkarabacak Berrak & Rioja Felix K. & Valev Neven T., 2012. "Who Gets the Credit? And Does It Matter? Household vs. Firm Lending Across Countries," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-46, March.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:teu:ged000:v:4:y:2026:id:9210. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Xayrulla (email available below). General contact details of provider: https://yashil-iqtisodiyot-taraqqiyot.uz/journal/index.php/GED .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.