Author(s)

Solongo Chuluunbat

Business School, Sun Yat-sen University, Guangzhou, China.

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.

Financial Advancements, Finance Trends, Financial Situation, Financial Reforms, Financial Indicators

Chuluunbat, S. (2021) Comparative Analysis of Financial Advancements in Mongolia. Journal of Financial Risk Management, 10, 40-53. doi: 10.4236/jfrm.2021.101003.