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The Link between Financial System and Economics: Functions of the Financial System, Financial Crises, and Policy Implications

Akdogu, Serpil Kahraman; Umutlu, Mehmet

Authors

Serpil Kahraman Akdogu



Abstract

Financial system plays a key role in fostering economic growth by efficiently channelling the funds to investments. However, financial system is also considered as the source of instability especially during crisis periods. How to redesign financial system globally and nationally in order to achieve and maintain global financial stability without sacrificing the benefits of it is one of the priority issues for policy makers. This study surveys the benefits obtained from and damages caused by the financial system. This survey further overviews policy implications and suggestions about improving the financial system which help achieve long-term global financial stability.

Citation

Akdogu, S. K., & Umutlu, M. (2014). The Link between Financial System and Economics: Functions of the Financial System, Financial Crises, and Policy Implications. International Journal of Financial Research, 5(4), 52-66. https://doi.org/10.5430/ijfr.v5n4p52

Journal Article Type Article
Acceptance Date Aug 6, 2014
Online Publication Date Aug 24, 2014
Publication Date 2014
Deposit Date Jan 29, 2023
Publicly Available Date Mar 29, 2024
Journal International Journal of Financial Research
Print ISSN 1923-4023
Publisher Sciedu Press
Peer Reviewed Peer Reviewed
Volume 5
Issue 4
Pages 52-66
DOI https://doi.org/10.5430/ijfr.v5n4p52
Keywords Financial policy, financial crises, financial system, economic policy

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