Financial System Performance and Economic Dynamics

Indrajit Mallick

Financial System Performance and Economic Dynamics

Indrajit Mallick *

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Financial System Performance and Economic Dynamics

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Abstract

The firm is the driving force of the economy since the activities of the firms boost aggregate demand as well as aggregate supply but it is the performance of the financial system which facilitates or restricts the activities of the firms. Financial systems allocate resources from savers to investors and since these two groups have different liquidity-risk-return characteristics, financial institutions and financial markets have to issue securities and innovate to bridge the gap. The demand multiplier (together with the investment accelerator) and the credit cycle create a cyclic growth process which needs to be stabilized from context to context through rule based activist monetary policy and regulation when there are fiscal constraints. Inequality and imperfections of financial markets reinforce each other making policy innovations necessary but liberalization of the economy may go a long way in reducing inequality and poverty.

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How to Cite This Article

Indrajit Mallick. 2020. "Financial System Performance and Economic Dynamics". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 20 (GJMBR Volume 20 Issue B9).

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GJMBR Volume 20 Issue B9

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification JEL Code: D21

D31

D53

E32

E40

Submission ReceivedNovember 13, 2020
Peer Review Double Blind
Handling Editor
Accepted December 3, 2020
Published December 15, 2020

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v1.2

Issue date

August 22, 2020

Language

English

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