World Economic Forum's New Financial Development Report
- WEF: On Sept. 9th, the World Economic Forum launched the world’s first Financial Development Index, a rigorous, comprehensive analysis of financial systems and capital markets in 52 countries that analyzes key drivers of financial system development and economic growth in developing and developed countries. This research was led by Nouriel Roubini and his team of analysts at RGE Monitor
- The index is an attempt to measure the health of the financial systems of 52 countries by looking at factors ranging from the stability of the banking sector to the soundness of the regulatory and political environment
- The US and the UK came out as joint leaders of the index, followed by Germany, Japan, Canada and France.Venezuela was at the bottom of the index, just below Ukraine and Nigeria
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