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金融部门的发展问题

发展中国家和新兴市场的金融业发展是私营部门发展战略的一部分，以刺激经济增长和减少贫困。它是一套机构、工具、市场机制，同时还包括允许通过信贷扩展交易的法律和监管框架。当金融工具、市场和中介机构相互配合减少了信息,执法和交易成本时，部门就会得到发展。

从根本上讲,金融部门的发展与克服金融系统的费用有关。降低获取信息,执行合同和执行交易的成本这个过程，会导致金融合同,中介机构和市场的出现。一个国家的经济发展依赖于一个组织中良好的金融体系的存在。它是指为生产的商品和服务提供必fin要的资金投入的金融系统，目的是提高一个国家的人民福祉和生活水平。

在评估金融部门发展进步和理解一个国家的经济表现相应的影响方面，一个好的金融发展衡量尺度是至关重要的。

Financial Sector Development Concerns Economics Essay

Financial sector development in developing countries and emerging markets is part of the private sector development strategy to stimulate economic growth and reduce poverty. It is the set of institutions, instruments, markets and also includes the legal and regulatory framework that permits transactions to be made through the extension of credit. The development of the sector takes place when financial instruments, markets, and intermediaries work together to reduce the costs of information, enforcement and transactions.

Fundamentally, financial sector development concerns overcoming costs incurred in the financial system. This process of reducing costs of acquiring information, enforcing contracts, and executing transactions results in the emergence of financial contracts, intermediaries, and markets. The economic development of a country depends upon the existence of a well organized financial system. It is the financial system which supplies the necessary financial inputs for the production of goods and services which in turn promote the well being and standard of living of the people of a country.

A good measurement of financial development is vital in evaluating the advancement of financial sector development and understanding the corresponding impact on all over economic performance of a country. However, in practice, it is difficult to measure financial development given the complication and extent it encompasses. There is no general consensus in the literature about the factors that should be taken into account in explaining financial development, nor what indicators of that development are most reliable. Different scholars and institution used different means and indicators of financial development (IMF (2012), Gelbar (1999), and Noureen Adnan)

The financial system of Ethiopia is underdeveloped with the domination of banking sector. According to NBE (2011), the number of banks operating in the country reached 17 with 970 branches. In terms of ownership, fourteen were private commercial banks and the remaining three state-owned, 14 Insurances with 221 branches and 31 microfinance institutions. Kiyota and others observed that the key elements of financial openness which includes domestic market competition, foreign ownership, and limited capital controls are lacking in Ethiopia. Besides, there is no stock exchange market and foreign banks in the country.

The paper is organized as follows: Section two states objective and methodology of the paper. In section three a brief review of related literature based on scholars arguments and debates on the subject matter will be discussed in details. In section four overview of financial sector development in Ethiopia perspective. This will be followed by the conclusion and recommendation.

2. Objective and Methodology of the paper

Objective of the paper is to explain the discussion pertain to financial secto本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。