Dynamic Approach to the Analysis of Financial Structure: Overcoming the Bank-Based vs Market-Based Dichotomy

A conceptual approach to the typology of countries' financial development has been developed, which will allow government authorities to make more accurate macroeconomic forecasts and apply a strategic approach to economic development planning. Modeling was conducted to analyze the impact of macroeconomic indicators, dummy variables of economic crises, and the technological component variable on indicators of financial development and variables characterizing the structure of the financial system.