The Role of Financial Markets in Economic Growth: A Comparative Study of Emerging and Developed Economies

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Mr. Tusharkumar Prashantbhai Solanki; Mr. Prashant Solanki; Dr. Rohtash Bhall

The Role of Financial Markets in Economic Growth: A Comparative Study of Emerging and Developed Economies

Authors: Mr. Tusharkumar Prashantbhai Solanki, Mr. Prashant Solanki, Dr. Rohtash Bhall

Unique Paper ID: 175003
Volume: 11
Issue: 11
PageNo: 1642-1655

Keywords: Financial Markets Economic Growth Emerging Economies Developed Economies Financial Development Institutional Frameworks and Governance FinTech Innovations Financial Inclusion and Accessibility Regulatory Frameworks emerging vs. Developed Markets

Abstract:
This study investigates the interdependence of institutional quality and fintech innovations in shaping financial market efficiency and macroeconomic growth, comparing emerging economies (India, China, Brazil) with developed markets (U.S., U.K.). While institutional governance enhances market stability and investor confidence through regulatory enforcement, fintech innovations improve liquidity, capital flows, and cross-border investment mechanisms. Literature studies these factors independently instead of exploring their combined effect on financial market development. Analyses utilizing World Bank and IMF and BIS data back the conclusion that institutionally strong economies leverage fintech solutions better for capital optimization and risk management. The effectiveness of fintech applications in emerging economies depends on their governance strength since these economies use fintech to deal with regulatory shortcomings and expand financial inclusion. The study shows that regulatory standards need consistent development to achieve a balance between financial system stability and fintech implementation which will create economic resilience throughout digital transformation.

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Cite This Article

ISSN: 2349-6002
Volume: 11
Issue: 11
PageNo: 1642-1655

The Role of Financial Markets in Economic Growth: A Comparative Study of Emerging and Developed Economies

Available:https://ijirt.org/article?manuscript=175003

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

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