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Scientific journal Vestnik NSUEM

2019 year, number 4

MONETIZATION FACTOR OF THE REGION AS AN INDICATOR OF FINANCIAL DEPTH OF ECONOMY

Yu.V. Kuvaeva
Ural State University of Economics, Yekaterinburg, Russian Federation
Keywords: , , , , financial depth of economy, money supply, monetization, gross regional product

Abstract

The role of financial system in the development of national economies has been widely discussed in Russian and foreign literature in recent years. The article covers the analysis of the influence of financial depth of economy on the level of its development. The theoretical provisions of macroeconomic theory describing relation between the level of development of financial sector and economic growth formed the methodological base of the study. The aim of the study is examination of the possible influence of one indicator of financial depth of economy of closed territorial formations inside the state of federative framework on the level of economic development of the relevant region. The analysis revealed the main trends in the «money supply/gross regional product - «level of economic development of the region frame; the suggestions about reasons of their emergence were expressed.