The impact of implementing the electronic trading mechanism on achieving economic development in Egypt and Turkey.

Document Type : Original Article

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Faculty of Law - Mansoura University

Abstract

Financial markets are considered a highly important indicator of economic life. The establishment of an effective and efficient financial market for securities indicates that a country's economy is thriving, that it has adopted sound economic policies, and that it maintains suitable political, legal, and tax conditions. It also signifies the presence of ample savings, a network of banks and financial institutions employing advanced technical methods, as well as highly experienced technical personnel. Most studies agree on the existence of a positive relationship between the development of financial markets and their impact on economic development. The first study (Cynthia et al., 2021) examined the effect of financial market development on Nigeria's economic development during the period from 1983 to 2016, using real GDP as a measure of economic development, and financial market variables such as market capitalization, the all-share index, the number of listed securities, and the number of listed companies.

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