Banking sectors of the economies of European countries in the representation of statistical interrelation between indices that characterize their development

Abstract

Banking sector of economy, that represents the whole range of different banking establishments which ensure the movement of financial flows between different economic entities and spheres of economic life, plays an important role in the development of any country. At the same time in the context of globalization of integration processes in financial market as well as between different countries, functioning of banking sector of a certain country in many ways depends on integral development of capital markets of other countries. A specific example of such dependence may be the development of global financial and economic crisis which became apparent in September-October 2008 or the development of modern debt financial crisis of Europe. Eventually all these determine the importance of consideration of emerging interrelation between banking sectors of different countries.