The role of financial markets and exchanges in the process of economic development

Dr.. Ahmed Sami Shawkat, Mother.

	The role of financial markets and exchanges in the process of economic development
Journal of The Iraqi University
Article 1, Volume 0, Issue 39, 2018, Pages 236-262
Author
Mother. Dr.. Ahmed Sami Shawkat
Abstract
summary Through this research I have undertaken a study on the role of financial markets for economic development, which has become a social and political issue that occupies a prominent place in modern economic life, today is at the forefront of the branches considered by world Economic thought, where it is of great importance The way to facilitate the flow of funds from savers to investors, and offers several advantages for the cohabitants, allowing them to make many choices according to their interests and trends, thereby increasing the efficiency and flexibility of financial markets. With regard to economic development and its sources of financing, she concluded that the economic underdevelopment suffered by many States was the result of economic considerations the non-economic and the divide between them and the developed countries, and the process of economic development are not only realized by changes Economic, but rather the cultural and social changes of the members of the State, and in order for development to be effective these states should do the same steps as developed countries to resort to the financial market for the growth of their economies. Based on what I have studied, a set of conclusions has been drawn in the following points: 1. The financial market has an active role in mobilizing savings and directing it towards medium-and long-term employment by moving financial savings within the financial market. 2. Securities are considered as a direct source of modern finance and consist of these securities from stocks and bonds that are given to their holders a range of rights, given the results achieved by this financial product of the economies of nations, many countries have begun to make the financial market an important place in Their development structures. 3. The stock Exchange is a place of convergence demanding liquidity and its exhibitors, starting from the latter, which shows the function of the stock exchange by rounding parties to make deals, and play an active role in supplying funds and institutions, through the temptations they offer to investors. 4. The success of the bourse in its role in financing the national economy depends fundamentally on its efficiency, because inefficiency leads to the poor assessment the financial assets of the foundation

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