DEVELOPMENT OF CAPITAL MARKET AND ITS IMPLICATIONS UPON THE ECONOMIC DEVELOPMENT
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Authors:
• Carmen RADU, email: lgradu2005@yahoo.co.uk, Afiliation: “Nicolae Titulescu” University, Bucharest -
Keywords: capital markets, economic growth, financial systems, banking system.
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Abstract:
This work is conceived as a comparative study regarding the occurrence, development and implication of the capital market in the economic development of states located in the area of emergent countries and of those under development. This study peruses in parallel the evolution of the emerging countries which absorb capital and those granting funds within the environment of the security markets. The study’s purpose is to prove the capacity of a well developed capital market to generate economic growth and, moreover, durable economic development. The data grounding this study, used as well in previous personal research, support the hypothesis according to which the capital market can and must represent a viable alternative for the funds’ capitalization before the market of short term titles.