MECHANISMS OF ENSURING FINANCIAL STABILITY THROUGH FINANCIAL MARKETS AND THEIR IMPACT ON ECONOMIC GROWTH

Financial stability is a fundamental prerequisite for sustainable economic growth. Financial markets play a crucial role in mobilizing savings, allocating capital efficiently, managing risks, and facilitating investment activities. This article examines the mechanisms through which financial markets contribute to financial stability and analyzes their impact on economic growth. The study explores the interaction between banking systems, capital markets, and insurance markets, highlighting their role in maintaining macroeconomic stability. Using theoretical analysis and comparative assessment, the article identifies key channels through which well-functioning financial markets enhance economic resilience and long-term growth.