An Empirical Study of the Impact of the Banking System on the Sustainable Development of the National Economy

Kazanbayeva  Zhanar; Onlassynov  Yerlan; Saparbaev  Marat; Jaxymbetova  Saltanat; Balabekova  Dina; Zhadigerova  Gulshat

doi:10.48161/qaj.v5n4a2085

Authors

Kazanbayeva Zhanar Department of Business and Tourism, Central Asian Innovation University, Shymkent 160000, Kazakhstan;
Onlassynov Yerlan Department of Business and Tourism, Central Asian Innovation University, Shymkent 160000, Kazakhstan;
Saparbaev Marat Department of Business and Tourism, Central Asian Innovation University, Shymkent 160000, Kazakhstan;
Jaxymbetova Saltanat Department of Business and Tourism, Central Asian Innovation University, Shymkent 160000, Kazakhstan;
Balabekova Dina Department of Economics and management, Central Asian Innovation University, Shymkent 160000, Kazakhstan.
Zhadigerova Gulshat Department of Economics and management, Central Asian Innovation University, Shymkent 160000, Kazakhstan.

DOI:

https://doi.org/10.48161/qaj.v5n4a2085

Keywords:

systemically important banks, sustainable development, performance criteria, financial stability of the country.

Abstract

The purpose of the study is to assess the degree of influence of systemically important banks on the stability of the financial system of Kazakhstan, which determines the level of development and stability of the national economy as a whole, based on indicators proposed by the International Monetary Fund. Methodology: Among the research methods used, one can single out the method of analysis, comparison, generalization, as well as the method of statistical analysis and classification.. The originality of the research is due to the fact that at present, in the context of globalization, the importance of issues related to the development of the national economy of the country, ensuring its sustainability and efficiency is increasing. The results of the study: The main research directions are due to the lack of theoretical and methodological elaboration of this issue and its increasing practical significance. The results of the study suggest that Kazakhstan's large banking institutions have a significant impact on the country's financial stability indicators. Also, based on the analysis of publications by other scientists on the research topic, their own conclusions and conclusions were formed. The materials of the article are of practical value and can be used in the development of modern methods for strengthening the financial stability of the country.

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