Comparative Analysis of Financial Advancements in Mongolia

Abstract

This paper looks into the financial advancements made by Mongolia over the 20 th century towards the 21 st century. It also looks into the global financial trends with an insight into the various factors contributing to the changes and developments in the global financial sector. It has analyzed the financial situation of Mongolia in the 20 th century and how it has changed through various reforms and revolutionary measures in the 21 st century. Various financial indicators have been compared between the last century and this century to identify the advancements made in the financial industry. It has identified various challenges in the financial sector of Mongolia and offered recommendations on how to solve these challenges.