Determinants of financial development of the EU countries in the period 1995-2017

Abstract

The aim of the research is to determine the impact of openness and political stability which characterize the state of political rights and civil liberties; financial state regulation; the determinant of legal traditions which determines judicial independence, impartiality of the courts, protection of property rights, etc., the determinant of financial institutions, as well as the impact of certain macroeconomic indicators on the financial development of the EU countries in the period 1995-2017. Keywords: financial development; EU; determinants of financial development Reference to this paper should be made as follows: Čizo, E., Ignatjeva, S., Lavrinenko, O. 2020. Determinants of financial development of the EU countries in the period 1995-2017. Insights into Regional Development, 2(2), 505-522. https://doi.