Abstract. The principles and models for the quantitative measurement of the financial markets development at macro level (primarily in cases of transitional economies) are reviewed. The assessment is based on expert evaluation of the identified primary indicators, as well as on determination of the selected indexes of a group of development indicators and financial markets' development index. Its main criterion is the financial markets development influence on the State competitiveness. Based on the exclusive indicators of global state competitiveness (WEF), four groups of essential primary indicators are considered. They determine the extent of financial markets development (including its sophistication) as expressive partial criteria. The SAW multicriteria evaluation method is also applied as the quantitative modeling instrument. The three-stage system proposed by the authors was realized by assessing the development stage of financial markets in Lithuania.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.