THE BANKING SYSTEM IS AN IMPORTANT ELEMENT OF THE REGIONAL MARKET ECONOMY
DOI:
https://doi.org/10.37547/ijasr-04-05-14Keywords:
Banking System, Regional Market Economy, Economic Development, Financial IntermediationAbstract
The banking system serves as a cornerstone of regional market economies, facilitating financial transactions, allocating capital, and fostering economic development within specific geographic areas. This article explores the pivotal role of banks in regional market economies, analyzing their functions, contributions, and impact on local businesses, infrastructure, and communities. Through a comprehensive examination of the banking system's role in regional economic development, this article sheds light on the mechanisms by which banks drive growth, promote resilience, and support inclusive prosperity within regional markets.
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