Drafts by Syeda Iffat Batool
Efficient and reliable systems for saving, financing, mediating payments, and risk management are... more Efficient and reliable systems for saving, financing, mediating payments, and risk management are of fundamental importance for economic prosperity of a country. These systems are operated by banks and other credit institutions, insurance companies, securities companies and other companies in the financial sector. The financial sector efficiently channels savings in society to investment and consumption, such as household needs to smooth out the consumption of various life stages and the need for companies to finance investment. This essay discusses banking and financial markets of two countries, one developed and one developing country. Sweden as developed and Fiji as developing country have been chosen for comparing financial and banking systems. As per data of World Bank, Sweden stands among the higher income countries whereas Fiji stands among middle income countries. The banking and financial systems of both countries may vary due to diverse backgrounds of both countries. The essay starts with discussion on banking and financial system of Fiji and extends to discussion on Swedish banking and financial system.
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Drafts by Syeda Iffat Batool