
Comparative Analysis of Financial Advancements in Mongolia
Authore(s) : Solongo Chuluunbat || Business School
Volume : (10), Issue : (15), March - 2020
Abstract : This paper looks into the financial advancements made by Mongolia over the 20th century towards the 21st century. It also looks into the global financial trends with an insight into the various factors contributing to the changes and developments in the global financial sector. It has analyzed the financial situation of Mongolia in the 20th century and how it has changed through various reforms and revolutionary measures in the 21st century. Various financial indicators have been compared between the last century and this century to identify the advancements made in the financial industry. It has identified various challenges in the financial sector of Mongolia and offered recommendations on how to solve these challenges.
Keywords :Financial Advancements, Finance Trends, Financial Situation, Financial Reforms, Financial Indicators
Article: Download PDF Journal DOI : 101/303
Cite This Article:
Comparative Analysis of Financial Advancements in Mongolia
Vol.I (10), Issue.I (15)
Article No : 12554
Number of Downloads : 100
References :
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https://www.oecd.org/countries/mongolia/42227628.pdf
Bakkar, A. (n.d.). FinTech and the Future of Finance. The Global Advisory and Account in Network.
https://www.hlb.global/fintech-and-the-future-of-finance
Bank of Mongolia (2012). Annual Report.
Arro, R. J.,... More
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https://www.oecd.org/countries/mongolia/42227628.pdf
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https://www.hlb.global/fintech-and-the-future-of-finance
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- Asian Development Bank (2008). Evaluation Study: Financial Sector in Mongolia Transition to a Market Economy Built on Successful Financial Reforms, Rapid Sector Assessment. https://www.oecd.org/countries/mongolia/42227628.pdf
- Bakkar, A. (n.d.). FinTech and the Future of Finance. The Global Advisory and Account in Network. https://www.hlb.global/fintech-and-the-future-of-finance
- Bank of Mongolia (2012). Annual Report.
- Arro, R. J., & Sala-i-Martin, X. (1992). Journal of Political Economy, 100, 223-251. https://doi.org/10.1086/261816
- CEIC (n.d.). Mongolia Market Capitalization: % of GDP. https://www.ceicdata.com/en/indicator/mongolia/market-capitalization--nominalgdp#:~:text= Mongolia's%20Market%20Capitalization%20accounted%20for,7.7%20%%20in%20the%20 previous%20year
- FRED Economic Data (2019). Volatility of Stock Price Index for Mongolia. https://fred.stlouisfed.org/series/DDSM01MNA066NWDB
- Heritage (2020). 2020 Index of Economic Freedom: Mongolia.
- Reid, R. (2010). Financial Development: A Broader Perspective.
- Statista (2020). Domestic Credit to Private Sector as Share of GDP in Mongolia from 2010 to 2019. https://www.statista.com/statistics/756407/domestic-credit-toprivate-sector-as-share-of-gdp- mongolia/#statisticContainer
- The Global Economy (n.d.). Mongolia: Bank Assets to GDP. Washington DC: The International Monetary Fund. https://www.theglobaleconomy.com/Mongolia/bank_assets_GDP/#:~:text=Mongolia%A%20Bank%20assets%2C%20percent%20of%20GDP&text=The%20average%20valu%20for%20 Mongolia,from%202017%20is%2060.6%20percent
- The World Bank (2016). Financial Development. https://www.worldbank.org/en/publication/gfdr/gfdr-2016/background/financial-development
- The World Bank (2020). Financial Depth. https://www.worldbank.org/en/publication/gfdr/gfdr-2016/background/financial-depth
- Trading Economic (2020a). Mongolia Money Supply M2. https://tradingeconomics.com/mongolia/money-supply-m2
- Trading Economic (2020b). Mongolia—Bank Deposits to GDP. https://tradingeconomics.com/mongolia/bank-deposits-to-gdp-percent-wb-data.html
- Trading Economic (2020c). Mongolia—Outstanding International Private Debt Securities to GDP. https://tradingeconomics.com/mongolia/outstanding-internationalprivate-debt-securities-to-gdp -percent-wb-data.html
- Trading Economics (2020e). Mongolia Inflation Rate. https://tradingeconomics.com/mongolia/inflation-cpi
- Trading Economics (2020f). Mongolia GDP per Capita. https://tradingeconomics.com/mongolia/gdppercapita#:~:text=GDP%20per%20capita%20in%20Mongolia%20is%20expected%20to%0reach%204584.00,according%20to%20our%20econometric%20models
- Trading Economy (2019). Mongolia—Bank Z-Score. https://tradingeconomics.com/mongolia/bank-z-score-wb-data.html
- Trading Economy (2020d). Mongolia—Outstanding International Public Debt Securities to GDP. https://tradingeconomics.com/mongolia/outstanding-internationalpublic-debt-securities-to-gdp-percent-wb-data.html
- Tsetsenzaya, T., Xiawei, Z., Hussain, Z., & Shaheen, W. (2019). Economic Growth and Financial Development: An Empirical Analysis of Mongolian Economy. International Journal of Advanced Research, 7, 150-164.https://doi.org/10.21474/IJAR01/8308
- Yueh, L. (2020). The 21st Century Global Economy. Oxford: University of Oxford. https://www.seh.ox.ac.uk/blog/the-21st-century-global-economy