{"id":30913,"date":"2015-05-15T04:15:19","date_gmt":"2015-05-15T04:15:19","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=30913"},"modified":"2024-04-03T13:16:59","modified_gmt":"2024-04-03T07:46:59","slug":"indicator-of-financial-development","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/indicator-of-financial-development\/","title":{"rendered":"Indicator of Financial Development"},"content":{"rendered":"<p style=\"text-align: center;\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/Indicator-of-Financial-Development.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-30920\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/Indicator-of-Financial-Development-300x99.jpg\" alt=\"Indicator of Financial Development\" width=\"300\" height=\"99\" srcset=\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/Indicator-of-Financial-Development-300x99.jpg 300w, https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/Indicator-of-Financial-Development.jpg 389w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><del><\/del>What constitute the financial development is generally discussed by pointing out the in the financial institution in the financial structure of the developed and developing countries.Based on this approach some researcher have used one or more indicator to denote the degree of financial development.<\/p>\n<ul>\n<li>\n<pre><strong>Finance ration<\/strong><\/pre>\n<p>The ratio of total issues of primary and secondary claim to national income<\/li>\n<li>\n<h5><strong>Financial Inter -relation ratio<\/strong><\/h5>\n<\/li>\n<\/ul>\n<p>The ratio of financial assets to physical assets in the economy.<\/p>\n<ul>\n<li><strong>Intermediation ratio<\/strong><\/li>\n<\/ul>\n<p>The ratio of secondary issue to primary issue ,which indicates the extent of development of financial institution<\/p>\n<p>as mobilizers of funds relative to real sectors as direct mobilizers of funds.It indicate institutionalization of \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 financial \u00a0activity in the economy.<\/p>\n<ul>\n<li><strong>The ratio of money to income\u00a0<\/strong><\/li>\n<\/ul>\n<p>Higher the ratio greater the financial development because it indicate the extent of monetization and size of \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0exchange economy in the nation.<\/p>\n<ul>\n<li>Developed Financial sector is fully integrated domestically as well as internationally .In such system risk adjusted rate of return doesn&#8217;t differ significantly in respect of investor as well as saver.<\/li>\n<li>The lower the transaction and information cost ,the higher the financial development.<\/li>\n<li>A developed financial structure is characterized by presence of strong ,active ,large sized non banking financial sector comprising stock market ,debt market ,insurance companies ,pension fund ,mutual fund etc.<\/li>\n<li>The greater the financial development ,the greater the openness of the economy reflected in high level of current account openness\/convertibility ,minimum restriction on foreign ownership of assets and repatriation of earning and absence of parallel foreign exchange market.<\/li>\n<li>In a developed financial system ,private banking not the public sector banking is predominant .<\/li>\n<\/ul>\n<p><strong><a href=\"http:\/\/www.vskills.in\/certification\/accounting-banking-and-finance\">Click here for government certification in Accounting, Banking &amp; Finance<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What constitute the financial development is generally discussed by pointing out the in the financial institution in the financial structure of the developed and developing countries.Based on this approach some researcher have used one or more indicator to denote the degree of financial development. Finance ration The ratio of total issues of primary and secondary&#8230;<\/p>\n","protected":false},"author":1211,"featured_media":30920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[1136,1361,1037],"class_list":["post-30913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-banking","tag-development","tag-finance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indicator of Financial Development - Vskills Blog<\/title>\n<meta name=\"description\" content=\"What constitutes the Financial Development? Apply for a Vskills certification in Finance now. 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