id	sid	tid	token	lemma	pos
ajird-1537	1	1	american	american	PROPN
ajird-1537	1	2	journal	journal	PROPN
ajird-1537	1	3	of	of	ADP
ajird-1537	1	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	1	5	research	research	NOUN
ajird-1537	1	6	and	and	CCONJ
ajird-1537	1	7	development	development	NOUN
ajird-1537	1	8	issn	issn	PROPN
ajird-1537	1	9	online	online	NOUN
ajird-1537	1	10	:	:	PUNCT
ajird-1537	1	11	2771	2771	NUM
ajird-1537	1	12	-	-	SYM
ajird-1537	1	13	8948	8948	NUM
ajird-1537	1	14	website	website	NOUN
ajird-1537	1	15	:	:	PUNCT
ajird-1537	1	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	1	17	volume	volume	NOUN
ajird-1537	1	18	39	39	NUM
ajird-1537	1	19	,	,	PUNCT
ajird-1537	1	20	april	april	PROPN
ajird-1537	1	21	2025	2025	NUM
ajird-1537	1	22	61	61	NUM
ajird-1537	2	1	|	|	ADV
ajird-1537	2	2	p	p	NOUN
ajird-1537	2	3	a	a	DET
ajird-1537	2	4	g	g	NOUN
ajird-1537	2	5	e	e	NOUN
ajird-1537	2	6	appraisal	appraisal	NOUN
ajird-1537	2	7	of	of	ADP
ajird-1537	2	8	economic	economic	ADJ
ajird-1537	2	9	background	background	NOUN
ajird-1537	2	10	,	,	PUNCT
ajird-1537	2	11	financial	financial	ADJ
ajird-1537	2	12	systems	system	NOUN
ajird-1537	2	13	and	and	CCONJ
ajird-1537	2	14	financial	financial	ADJ
ajird-1537	2	15	market	market	NOUN
ajird-1537	2	16	size	size	NOUN
ajird-1537	2	17	in	in	ADP
ajird-1537	2	18	new	new	PROPN
ajird-1537	2	19	york	york	PROPN
ajird-1537	2	20	,	,	PUNCT
ajird-1537	2	21	london	london	PROPN
ajird-1537	2	22	,	,	PUNCT
ajird-1537	2	23	tokyo	tokyo	PROPN
ajird-1537	2	24	and	and	CCONJ
ajird-1537	2	25	nigeria	nigeria	PROPN
ajird-1537	2	26	iheanacho	iheanacho	NOUN
ajird-1537	2	27	,	,	PUNCT
ajird-1537	2	28	josiah	josiah	PROPN
ajird-1537	2	29	chirotara	chirotara	PROPN
ajird-1537	2	30	1	1	NUM
ajird-1537	2	31	,	,	PUNCT
ajird-1537	2	32	mojekwu	mojekwu	PROPN
ajird-1537	2	33	ogechukwu	ogechukwu	PROPN
ajird-1537	2	34	rita	rita	PROPN
ajird-1537	2	35	2	2	NUM
ajird-1537	2	36	barisua	barisua	NOUN
ajird-1537	2	37	fortune	fortune	NOUN
ajird-1537	2	38	nwinee	nwinee	NOUN
ajird-1537	2	39	3	3	NUM
ajird-1537	2	40	1,2,3	1,2,3	NUM
ajird-1537	2	41	department	department	NOUN
ajird-1537	2	42	of	of	ADP
ajird-1537	2	43	finance	finance	NOUN
ajird-1537	2	44	and	and	CCONJ
ajird-1537	2	45	banking	banking	NOUN
ajird-1537	2	46	,	,	PUNCT
ajird-1537	2	47	f	f	PROPN
ajird-1537	2	48	aculty	aculty	NOUN
ajird-1537	2	49	of	of	ADP
ajird-1537	2	50	management	management	NOUN
ajird-1537	2	51	sciences	sciences	PROPN
ajird-1537	2	52	,	,	PUNCT
ajird-1537	2	53	university	university	NOUN
ajird-1537	2	54	of	of	ADP
ajird-1537	2	55	port	port	PROPN
ajird-1537	2	56	harcourt	harcourt	PROPN
ajird-1537	2	57	corresponding	corresponding	ADJ
ajird-1537	2	58	author	author	NOUN
ajird-1537	2	59	:	:	PUNCT
ajird-1537	2	60	rita.mojekwu@uniport.edu	rita.mojekwu@uniport.edu	PROPN
ajird-1537	2	61	,	,	PUNCT
ajird-1537	2	62	ng	ng	PROPN
ajird-1537	2	63	abstract	abstract	ADJ
ajird-1537	2	64	this	this	DET
ajird-1537	2	65	study	study	NOUN
ajird-1537	2	66	offers	offer	VERB
ajird-1537	2	67	an	an	DET
ajird-1537	2	68	evaluation	evaluation	NOUN
ajird-1537	2	69	of	of	ADP
ajird-1537	2	70	the	the	DET
ajird-1537	2	71	economic	economic	ADJ
ajird-1537	2	72	background	background	NOUN
ajird-1537	2	73	,	,	PUNCT
ajird-1537	2	74	financial	financial	ADJ
ajird-1537	2	75	systems	system	NOUN
ajird-1537	2	76	,	,	PUNCT
ajird-1537	2	77	and	and	CCONJ
ajird-1537	2	78	market	market	NOUN
ajird-1537	2	79	sizes	size	NOUN
ajird-1537	2	80	of	of	ADP
ajird-1537	2	81	four	four	NUM
ajird-1537	2	82	key	key	ADJ
ajird-1537	2	83	financial	financial	ADJ
ajird-1537	2	84	centres	centre	NOUN
ajird-1537	2	85	:	:	PUNCT
ajird-1537	2	86	new	new	PROPN
ajird-1537	2	87	york	york	PROPN
ajird-1537	2	88	,	,	PUNCT
ajird-1537	2	89	london	london	PROPN
ajird-1537	2	90	,	,	PUNCT
ajird-1537	2	91	tokyo	tokyo	PROPN
ajird-1537	2	92	,	,	PUNCT
ajird-1537	2	93	and	and	CCONJ
ajird-1537	2	94	nigeria	nigeria	PROPN
ajird-1537	2	95	.	.	PUNCT
ajird-1537	3	1	these	these	DET
ajird-1537	3	2	markets	market	NOUN
ajird-1537	3	3	exhibit	exhibit	VERB
ajird-1537	3	4	differing	differ	VERB
ajird-1537	3	5	levels	level	NOUN
ajird-1537	3	6	of	of	ADP
ajird-1537	3	7	development	development	NOUN
ajird-1537	3	8	,	,	PUNCT
ajird-1537	3	9	global	global	ADJ
ajird-1537	3	10	impact	impact	NOUN
ajird-1537	3	11	,	,	PUNCT
ajird-1537	3	12	and	and	CCONJ
ajird-1537	3	13	regulatory	regulatory	ADJ
ajird-1537	3	14	structures	structure	NOUN
ajird-1537	3	15	;	;	PUNCT
ajird-1537	3	16	each	each	PRON
ajird-1537	3	17	individually	individually	ADV
ajird-1537	3	18	contributing	contribute	VERB
ajird-1537	3	19	to	to	ADP
ajird-1537	3	20	the	the	DET
ajird-1537	3	21	global	global	ADJ
ajird-1537	3	22	financial	financial	ADJ
ajird-1537	3	23	environment	environment	NOUN
ajird-1537	3	24	.	.	PUNCT
ajird-1537	4	1	new	new	PROPN
ajird-1537	4	2	york	york	PROPN
ajird-1537	4	3	is	be	AUX
ajird-1537	4	4	the	the	DET
ajird-1537	4	5	biggest	big	ADJ
ajird-1537	4	6	financial	financial	ADJ
ajird-1537	4	7	centre	centre	NOUN
ajird-1537	4	8	globally	globally	ADV
ajird-1537	4	9	,	,	PUNCT
ajird-1537	4	10	characterised	characterise	VERB
ajird-1537	4	11	by	by	ADP
ajird-1537	4	12	substantial	substantial	ADJ
ajird-1537	4	13	liquidity	liquidity	NOUN
ajird-1537	4	14	,	,	PUNCT
ajird-1537	4	15	market	market	NOUN
ajird-1537	4	16	variety	variety	NOUN
ajird-1537	4	17	,	,	PUNCT
ajird-1537	4	18	and	and	CCONJ
ajird-1537	4	19	robust	robust	ADJ
ajird-1537	4	20	regulatory	regulatory	ADJ
ajird-1537	4	21	supervision	supervision	NOUN
ajird-1537	4	22	.	.	PUNCT
ajird-1537	5	1	london	london	PROPN
ajird-1537	5	2	's	's	PART
ajird-1537	5	3	financial	financial	ADJ
ajird-1537	5	4	system	system	NOUN
ajird-1537	5	5	is	be	AUX
ajird-1537	5	6	distinguished	distinguish	VERB
ajird-1537	5	7	by	by	ADP
ajird-1537	5	8	its	its	PRON
ajird-1537	5	9	long	long	ADJ
ajird-1537	5	10	existence	existence	NOUN
ajird-1537	5	11	,	,	PUNCT
ajird-1537	5	12	global	global	ADJ
ajird-1537	5	13	scope	scope	NOUN
ajird-1537	5	14	,	,	PUNCT
ajird-1537	5	15	convenient	convenient	ADJ
ajird-1537	5	16	time	time	NOUN
ajird-1537	5	17	zone	zone	NOUN
ajird-1537	5	18	,	,	PUNCT
ajird-1537	5	19	fintech	fintech	NOUN
ajird-1537	5	20	advancements	advancement	NOUN
ajird-1537	5	21	,	,	PUNCT
ajird-1537	5	22	and	and	CCONJ
ajird-1537	5	23	responsiveness	responsiveness	NOUN
ajird-1537	5	24	to	to	PART
ajird-1537	5	25	postbrexit	postbrexit	VERB
ajird-1537	5	26	regulatory	regulatory	ADJ
ajird-1537	5	27	obstacles	obstacle	NOUN
ajird-1537	5	28	.	.	PUNCT
ajird-1537	6	1	tokyo	tokyo	PROPN
ajird-1537	6	2	features	feature	VERB
ajird-1537	6	3	a	a	DET
ajird-1537	6	4	substantial	substantial	ADJ
ajird-1537	6	5	domestic	domestic	ADJ
ajird-1537	6	6	market	market	NOUN
ajird-1537	6	7	characterised	characterise	VERB
ajird-1537	6	8	by	by	ADP
ajird-1537	6	9	a	a	DET
ajird-1537	6	10	conservative	conservative	ADJ
ajird-1537	6	11	investing	investing	NOUN
ajird-1537	6	12	ethos	etho	VERB
ajird-1537	6	13	mixed	mixed	ADJ
ajird-1537	6	14	with	with	ADP
ajird-1537	6	15	fintech	fintech	NOUN
ajird-1537	6	16	drive	drive	NOUN
ajird-1537	6	17	whereas	whereas	SCONJ
ajird-1537	6	18	nigeria	nigeria	PROPN
ajird-1537	6	19	exemplifies	exemplify	VERB
ajird-1537	6	20	a	a	DET
ajird-1537	6	21	developing	develop	VERB
ajird-1537	6	22	market	market	NOUN
ajird-1537	6	23	with	with	ADP
ajird-1537	6	24	growth	growth	NOUN
ajird-1537	6	25	prospects	prospect	NOUN
ajird-1537	6	26	driven	drive	VERB
ajird-1537	6	27	by	by	ADP
ajird-1537	6	28	its	its	PRON
ajird-1537	6	29	sizable	sizable	ADJ
ajird-1537	6	30	population	population	NOUN
ajird-1537	6	31	and	and	CCONJ
ajird-1537	6	32	fintechoriented	fintechoriente	VERB
ajird-1537	6	33	financial	financial	ADJ
ajird-1537	6	34	inclusion	inclusion	NOUN
ajird-1537	6	35	efforts	effort	NOUN
ajird-1537	6	36	.	.	PUNCT
ajird-1537	7	1	the	the	DET
ajird-1537	7	2	research	research	NOUN
ajird-1537	7	3	emphasizes	emphasize	VERB
ajird-1537	7	4	critical	critical	ADJ
ajird-1537	7	5	elements	element	NOUN
ajird-1537	7	6	like	like	ADP
ajird-1537	7	7	technological	technological	ADJ
ajird-1537	7	8	improvements	improvement	NOUN
ajird-1537	7	9	,	,	PUNCT
ajird-1537	7	10	regulatory	regulatory	ADJ
ajird-1537	7	11	changes	change	NOUN
ajird-1537	7	12	,	,	PUNCT
ajird-1537	7	13	and	and	CCONJ
ajird-1537	7	14	the	the	DET
ajird-1537	7	15	influence	influence	NOUN
ajird-1537	7	16	of	of	ADP
ajird-1537	7	17	geopolitical	geopolitical	ADJ
ajird-1537	7	18	concerns	concern	NOUN
ajird-1537	7	19	through	through	ADP
ajird-1537	7	20	a	a	DET
ajird-1537	7	21	comparative	comparative	ADJ
ajird-1537	7	22	examination	examination	NOUN
ajird-1537	7	23	of	of	ADP
ajird-1537	7	24	different	different	ADJ
ajird-1537	7	25	financial	financial	ADJ
ajird-1537	7	26	systems	system	NOUN
ajird-1537	7	27	.	.	PUNCT
ajird-1537	8	1	the	the	DET
ajird-1537	8	2	text	text	NOUN
ajird-1537	8	3	examines	examine	VERB
ajird-1537	8	4	the	the	DET
ajird-1537	8	5	dimensions	dimension	NOUN
ajird-1537	8	6	and	and	CCONJ
ajird-1537	8	7	liquidity	liquidity	NOUN
ajird-1537	8	8	of	of	ADP
ajird-1537	8	9	each	each	DET
ajird-1537	8	10	market	market	NOUN
ajird-1537	8	11	,	,	PUNCT
ajird-1537	8	12	demonstrating	demonstrate	VERB
ajird-1537	8	13	the	the	DET
ajird-1537	8	14	substantial	substantial	ADJ
ajird-1537	8	15	variations	variation	NOUN
ajird-1537	8	16	in	in	ADP
ajird-1537	8	17	market	market	NOUN
ajird-1537	8	18	capitalisation	capitalisation	NOUN
ajird-1537	8	19	,	,	PUNCT
ajird-1537	8	20	trade	trade	NOUN
ajird-1537	8	21	volumes	volume	NOUN
ajird-1537	8	22	,	,	PUNCT
ajird-1537	8	23	and	and	CCONJ
ajird-1537	8	24	economic	economic	ADJ
ajird-1537	8	25	impact	impact	NOUN
ajird-1537	8	26	across	across	ADP
ajird-1537	8	27	different	different	ADJ
ajird-1537	8	28	financial	financial	ADJ
ajird-1537	8	29	centres	centre	NOUN
ajird-1537	8	30	.	.	PUNCT
ajird-1537	9	1	the	the	DET
ajird-1537	9	2	study	study	NOUN
ajird-1537	9	3	concludes	conclude	VERB
ajird-1537	9	4	by	by	ADP
ajird-1537	9	5	delineating	delineate	VERB
ajird-1537	9	6	prospective	prospective	ADJ
ajird-1537	9	7	trends	trend	NOUN
ajird-1537	9	8	that	that	PRON
ajird-1537	9	9	may	may	AUX
ajird-1537	9	10	transform	transform	VERB
ajird-1537	9	11	these	these	DET
ajird-1537	9	12	financial	financial	ADJ
ajird-1537	9	13	markets	market	NOUN
ajird-1537	9	14	,	,	PUNCT
ajird-1537	9	15	encompassing	encompass	VERB
ajird-1537	9	16	the	the	DET
ajird-1537	9	17	emergence	emergence	NOUN
ajird-1537	9	18	of	of	ADP
ajird-1537	9	19	fintech	fintech	NOUN
ajird-1537	9	20	,	,	PUNCT
ajird-1537	9	21	the	the	DET
ajird-1537	9	22	integration	integration	NOUN
ajird-1537	9	23	of	of	ADP
ajird-1537	9	24	technology	technology	NOUN
ajird-1537	9	25	,	,	PUNCT
ajird-1537	9	26	and	and	CCONJ
ajird-1537	9	27	the	the	DET
ajird-1537	9	28	changing	change	VERB
ajird-1537	9	29	role	role	NOUN
ajird-1537	9	30	of	of	ADP
ajird-1537	9	31	retail	retail	ADJ
ajird-1537	9	32	investors	investor	NOUN
ajird-1537	9	33	.	.	PUNCT
ajird-1537	10	1	among	among	ADP
ajird-1537	10	2	others	other	NOUN
ajird-1537	10	3	,	,	PUNCT
ajird-1537	10	4	the	the	DET
ajird-1537	10	5	study	study	NOUN
ajird-1537	10	6	recommended	recommend	VERB
ajird-1537	10	7	that	that	SCONJ
ajird-1537	10	8	financial	financial	ADJ
ajird-1537	10	9	regulators	regulator	NOUN
ajird-1537	10	10	across	across	ADP
ajird-1537	10	11	all	all	DET
ajird-1537	10	12	four	four	NUM
ajird-1537	10	13	markets	market	NOUN
ajird-1537	10	14	must	must	AUX
ajird-1537	10	15	persist	persist	VERB
ajird-1537	10	16	in	in	ADP
ajird-1537	10	17	adapting	adapt	VERB
ajird-1537	10	18	and	and	CCONJ
ajird-1537	10	19	fortifying	fortify	VERB
ajird-1537	10	20	regulatory	regulatory	ADJ
ajird-1537	10	21	frameworks	framework	NOUN
ajird-1537	10	22	to	to	PART
ajird-1537	10	23	mitigate	mitigate	VERB
ajird-1537	10	24	growing	grow	VERB
ajird-1537	10	25	risks	risk	NOUN
ajird-1537	10	26	,	,	PUNCT
ajird-1537	10	27	especially	especially	ADV
ajird-1537	10	28	with	with	ADP
ajird-1537	10	29	technology	technology	NOUN
ajird-1537	10	30	and	and	CCONJ
ajird-1537	10	31	cryptocurrencies	cryptocurrencie	NOUN
ajird-1537	10	32	.	.	PUNCT
ajird-1537	11	1	lucid	lucid	ADJ
ajird-1537	11	2	and	and	CCONJ
ajird-1537	11	3	transparent	transparent	ADJ
ajird-1537	11	4	laws	law	NOUN
ajird-1537	11	5	will	will	AUX
ajird-1537	11	6	enhance	enhance	VERB
ajird-1537	11	7	investor	investor	NOUN
ajird-1537	11	8	trust	trust	NOUN
ajird-1537	11	9	and	and	CCONJ
ajird-1537	11	10	market	market	NOUN
ajird-1537	11	11	stability	stability	NOUN
ajird-1537	11	12	.	.	PUNCT
ajird-1537	12	1	keywords	keyword	NOUN
ajird-1537	12	2	:	:	PUNCT
ajird-1537	12	3	financial	financial	ADJ
ajird-1537	12	4	systems	system	NOUN
ajird-1537	12	5	,	,	PUNCT
ajird-1537	12	6	financial	financial	ADJ
ajird-1537	12	7	markets	market	NOUN
ajird-1537	12	8	,	,	PUNCT
ajird-1537	12	9	new	new	PROPN
ajird-1537	12	10	york	york	PROPN
ajird-1537	12	11	,	,	PUNCT
ajird-1537	12	12	london	london	PROPN
ajird-1537	12	13	,	,	PUNCT
ajird-1537	12	14	tokyo	tokyo	PROPN
ajird-1537	12	15	,	,	PUNCT
ajird-1537	12	16	nigeria	nigeria	PROPN
ajird-1537	12	17	,	,	PUNCT
ajird-1537	12	18	fintech	fintech	NOUN
ajird-1537	12	19	,	,	PUNCT
ajird-1537	12	20	market	market	NOUN
ajird-1537	12	21	size	size	NOUN
ajird-1537	12	22	,	,	PUNCT
ajird-1537	12	23	regulatory	regulatory	ADJ
ajird-1537	12	24	frameworks	framework	NOUN
ajird-1537	12	25	,	,	PUNCT
ajird-1537	12	26	financial	financial	ADJ
ajird-1537	12	27	inclusion	inclusion	NOUN
ajird-1537	12	28	.	.	PUNCT
ajird-1537	13	1	american	american	PROPN
ajird-1537	13	2	journal	journal	PROPN
ajird-1537	13	3	of	of	ADP
ajird-1537	13	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	13	5	research	research	NOUN
ajird-1537	13	6	and	and	CCONJ
ajird-1537	13	7	development	development	NOUN
ajird-1537	13	8	issn	issn	PROPN
ajird-1537	13	9	online	online	NOUN
ajird-1537	13	10	:	:	PUNCT
ajird-1537	13	11	2771	2771	NUM
ajird-1537	13	12	-	-	SYM
ajird-1537	13	13	8948	8948	NUM
ajird-1537	13	14	website	website	NOUN
ajird-1537	13	15	:	:	PUNCT
ajird-1537	13	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	13	17	volume	volume	NOUN
ajird-1537	13	18	39	39	NUM
ajird-1537	13	19	,	,	PUNCT
ajird-1537	13	20	april	april	PROPN
ajird-1537	13	21	2025	2025	NUM
ajird-1537	13	22	62	62	NUM
ajird-1537	14	1	|	|	ADV
ajird-1537	14	2	p	p	NOUN
ajird-1537	14	3	a	a	DET
ajird-1537	14	4	g	g	NOUN
ajird-1537	14	5	e	e	NOUN
ajird-1537	14	6	introduction	introduction	NOUN
ajird-1537	14	7	the	the	DET
ajird-1537	14	8	global	global	ADJ
ajird-1537	14	9	financial	financial	ADJ
ajird-1537	14	10	system	system	NOUN
ajird-1537	14	11	underpins	underpin	VERB
ajird-1537	14	12	economic	economic	ADJ
ajird-1537	14	13	activity	activity	NOUN
ajird-1537	14	14	by	by	ADP
ajird-1537	14	15	supplying	supply	VERB
ajird-1537	14	16	the	the	DET
ajird-1537	14	17	infrastructure	infrastructure	NOUN
ajird-1537	14	18	essential	essential	ADJ
ajird-1537	14	19	for	for	ADP
ajird-1537	14	20	commerce	commerce	NOUN
ajird-1537	14	21	,	,	PUNCT
ajird-1537	14	22	investment	investment	NOUN
ajird-1537	14	23	,	,	PUNCT
ajird-1537	14	24	and	and	CCONJ
ajird-1537	14	25	the	the	DET
ajird-1537	14	26	effective	effective	ADJ
ajird-1537	14	27	distribution	distribution	NOUN
ajird-1537	14	28	of	of	ADP
ajird-1537	14	29	resources	resource	NOUN
ajird-1537	14	30	worldwide	worldwide	ADV
ajird-1537	14	31	(	(	PUNCT
ajird-1537	14	32	allen	allen	PROPN
ajird-1537	14	33	&	&	CCONJ
ajird-1537	14	34	gale	gale	PROPN
ajird-1537	14	35	,	,	PUNCT
ajird-1537	14	36	2007	2007	NUM
ajird-1537	14	37	)	)	PUNCT
ajird-1537	14	38	.	.	PUNCT
ajird-1537	15	1	financial	financial	ADJ
ajird-1537	15	2	centres	centre	NOUN
ajird-1537	15	3	serve	serve	VERB
ajird-1537	15	4	a	a	DET
ajird-1537	15	5	pivotal	pivotal	ADJ
ajird-1537	15	6	function	function	NOUN
ajird-1537	15	7	in	in	ADP
ajird-1537	15	8	this	this	DET
ajird-1537	15	9	system	system	NOUN
ajird-1537	15	10	,	,	PUNCT
ajird-1537	15	11	functioning	function	VERB
ajird-1537	15	12	as	as	ADP
ajird-1537	15	13	hubs	hub	NOUN
ajird-1537	15	14	for	for	ADP
ajird-1537	15	15	the	the	DET
ajird-1537	15	16	raising	raising	NOUN
ajird-1537	15	17	,	,	PUNCT
ajird-1537	15	18	trading	trading	NOUN
ajird-1537	15	19	,	,	PUNCT
ajird-1537	15	20	and	and	CCONJ
ajird-1537	15	21	allocation	allocation	NOUN
ajird-1537	15	22	of	of	ADP
ajird-1537	15	23	money	money	NOUN
ajird-1537	15	24	across	across	ADP
ajird-1537	15	25	diverse	diverse	ADJ
ajird-1537	15	26	economic	economic	ADJ
ajird-1537	15	27	sectors	sector	NOUN
ajird-1537	15	28	.	.	PUNCT
ajird-1537	16	1	in	in	ADP
ajird-1537	16	2	a	a	DET
ajird-1537	16	3	period	period	NOUN
ajird-1537	16	4	marked	mark	VERB
ajird-1537	16	5	by	by	ADP
ajird-1537	16	6	heightened	heighten	VERB
ajird-1537	16	7	globalisation	globalisation	NOUN
ajird-1537	16	8	and	and	CCONJ
ajird-1537	16	9	technological	technological	ADJ
ajird-1537	16	10	progress	progress	NOUN
ajird-1537	16	11	,	,	PUNCT
ajird-1537	16	12	the	the	DET
ajird-1537	16	13	significance	significance	NOUN
ajird-1537	16	14	of	of	ADP
ajird-1537	16	15	resilient	resilient	ADJ
ajird-1537	16	16	financial	financial	ADJ
ajird-1537	16	17	markets	market	NOUN
ajird-1537	16	18	has	have	AUX
ajird-1537	16	19	become	become	VERB
ajird-1537	16	20	increasingly	increasingly	ADV
ajird-1537	16	21	evident	evident	ADJ
ajird-1537	16	22	(	(	PUNCT
ajird-1537	16	23	zhang	zhang	PROPN
ajird-1537	16	24	&	&	CCONJ
ajird-1537	16	25	xie	xie	PROPN
ajird-1537	16	26	,	,	PUNCT
ajird-1537	16	27	2021	2021	NUM
ajird-1537	16	28	)	)	PUNCT
ajird-1537	16	29	.	.	PUNCT
ajird-1537	17	1	this	this	DET
ajird-1537	17	2	article	article	NOUN
ajird-1537	17	3	offers	offer	VERB
ajird-1537	17	4	a	a	DET
ajird-1537	17	5	thorough	thorough	ADJ
ajird-1537	17	6	evaluation	evaluation	NOUN
ajird-1537	17	7	of	of	ADP
ajird-1537	17	8	the	the	DET
ajird-1537	17	9	economic	economic	ADJ
ajird-1537	17	10	contexts	contexts	NOUN
ajird-1537	17	11	,	,	PUNCT
ajird-1537	17	12	financial	financial	ADJ
ajird-1537	17	13	infrastructures	infrastructure	NOUN
ajird-1537	17	14	,	,	PUNCT
ajird-1537	17	15	and	and	CCONJ
ajird-1537	17	16	market	market	NOUN
ajird-1537	17	17	dimensions	dimension	NOUN
ajird-1537	17	18	of	of	ADP
ajird-1537	17	19	four	four	NUM
ajird-1537	17	20	prominent	prominent	ADJ
ajird-1537	17	21	global	global	ADJ
ajird-1537	17	22	financial	financial	ADJ
ajird-1537	17	23	centres	centre	NOUN
ajird-1537	17	24	:	:	PUNCT
ajird-1537	17	25	new	new	PROPN
ajird-1537	17	26	york	york	PROPN
ajird-1537	17	27	,	,	PUNCT
ajird-1537	17	28	london	london	PROPN
ajird-1537	17	29	,	,	PUNCT
ajird-1537	17	30	tokyo	tokyo	PROPN
ajird-1537	17	31	,	,	PUNCT
ajird-1537	17	32	and	and	CCONJ
ajird-1537	17	33	nigeria	nigeria	PROPN
ajird-1537	17	34	.	.	PUNCT
ajird-1537	18	1	these	these	DET
ajird-1537	18	2	four	four	NUM
ajird-1537	18	3	areas	area	NOUN
ajird-1537	18	4	exemplify	exemplify	VERB
ajird-1537	18	5	a	a	DET
ajird-1537	18	6	varied	varied	ADJ
ajird-1537	18	7	range	range	NOUN
ajird-1537	18	8	of	of	ADP
ajird-1537	18	9	financial	financial	ADJ
ajird-1537	18	10	market	market	NOUN
ajird-1537	18	11	maturity	maturity	NOUN
ajird-1537	18	12	,	,	PUNCT
ajird-1537	18	13	development	development	NOUN
ajird-1537	18	14	,	,	PUNCT
ajird-1537	18	15	and	and	CCONJ
ajird-1537	18	16	impact	impact	NOUN
ajird-1537	18	17	on	on	ADP
ajird-1537	18	18	both	both	CCONJ
ajird-1537	18	19	local	local	ADJ
ajird-1537	18	20	and	and	CCONJ
ajird-1537	18	21	global	global	ADJ
ajird-1537	18	22	economies	economy	NOUN
ajird-1537	18	23	.	.	PUNCT
ajird-1537	19	1	new	new	PROPN
ajird-1537	19	2	york	york	PROPN
ajird-1537	19	3	is	be	AUX
ajird-1537	19	4	universally	universally	ADV
ajird-1537	19	5	acknowledged	acknowledge	VERB
ajird-1537	19	6	as	as	ADP
ajird-1537	19	7	the	the	DET
ajird-1537	19	8	preeminent	preeminent	ADJ
ajird-1537	19	9	financial	financial	ADJ
ajird-1537	19	10	hub	hub	NOUN
ajird-1537	19	11	globally	globally	ADV
ajird-1537	19	12	,	,	PUNCT
ajird-1537	19	13	chiefly	chiefly	ADV
ajird-1537	19	14	owing	owe	VERB
ajird-1537	19	15	to	to	ADP
ajird-1537	19	16	the	the	DET
ajird-1537	19	17	existence	existence	NOUN
ajird-1537	19	18	of	of	ADP
ajird-1537	19	19	prominent	prominent	ADJ
ajird-1537	19	20	stock	stock	NOUN
ajird-1537	19	21	exchanges	exchange	NOUN
ajird-1537	19	22	such	such	ADJ
ajird-1537	19	23	as	as	ADP
ajird-1537	19	24	the	the	DET
ajird-1537	19	25	new	new	PROPN
ajird-1537	19	26	york	york	PROPN
ajird-1537	19	27	stock	stock	PROPN
ajird-1537	19	28	exchange	exchange	PROPN
ajird-1537	19	29	(	(	PUNCT
ajird-1537	19	30	nyse	nyse	PROPN
ajird-1537	19	31	)	)	PUNCT
ajird-1537	19	32	and	and	CCONJ
ajird-1537	19	33	nasdaq	nasdaq	PROPN
ajird-1537	19	34	.	.	PUNCT
ajird-1537	20	1	these	these	DET
ajird-1537	20	2	exchanges	exchange	NOUN
ajird-1537	20	3	are	be	AUX
ajird-1537	20	4	essential	essential	ADJ
ajird-1537	20	5	in	in	ADP
ajird-1537	20	6	global	global	ADJ
ajird-1537	20	7	financial	financial	ADJ
ajird-1537	20	8	markets	market	NOUN
ajird-1537	20	9	,	,	PUNCT
ajird-1537	20	10	facilitating	facilitate	VERB
ajird-1537	20	11	capital	capital	NOUN
ajird-1537	20	12	creation	creation	NOUN
ajird-1537	20	13	for	for	ADP
ajird-1537	20	14	companies	company	NOUN
ajird-1537	20	15	across	across	ADP
ajird-1537	20	16	several	several	ADJ
ajird-1537	20	17	industries	industry	NOUN
ajird-1537	20	18	,	,	PUNCT
ajird-1537	20	19	including	include	VERB
ajird-1537	20	20	technology	technology	NOUN
ajird-1537	20	21	and	and	CCONJ
ajird-1537	20	22	manufacturing	manufacturing	NOUN
ajird-1537	20	23	.	.	PUNCT
ajird-1537	21	1	the	the	DET
ajird-1537	21	2	financial	financial	ADJ
ajird-1537	21	3	ecosystem	ecosystem	NOUN
ajird-1537	21	4	of	of	ADP
ajird-1537	21	5	new	new	PROPN
ajird-1537	21	6	york	york	PROPN
ajird-1537	21	7	is	be	AUX
ajird-1537	21	8	underpinned	underpin	VERB
ajird-1537	21	9	by	by	ADP
ajird-1537	21	10	a	a	DET
ajird-1537	21	11	network	network	NOUN
ajird-1537	21	12	of	of	ADP
ajird-1537	21	13	banks	bank	NOUN
ajird-1537	21	14	,	,	PUNCT
ajird-1537	21	15	investment	investment	NOUN
ajird-1537	21	16	funds	fund	NOUN
ajird-1537	21	17	,	,	PUNCT
ajird-1537	21	18	hedge	hedge	NOUN
ajird-1537	21	19	funds	fund	NOUN
ajird-1537	21	20	,	,	PUNCT
ajird-1537	21	21	and	and	CCONJ
ajird-1537	21	22	private	private	ADJ
ajird-1537	21	23	equity	equity	NOUN
ajird-1537	21	24	companies	company	NOUN
ajird-1537	21	25	,	,	PUNCT
ajird-1537	21	26	resulting	result	VERB
ajird-1537	21	27	in	in	ADP
ajird-1537	21	28	a	a	DET
ajird-1537	21	29	robust	robust	ADJ
ajird-1537	21	30	and	and	CCONJ
ajird-1537	21	31	liquid	liquid	ADJ
ajird-1537	21	32	market	market	NOUN
ajird-1537	21	33	that	that	PRON
ajird-1537	21	34	draws	draw	VERB
ajird-1537	21	35	both	both	DET
ajird-1537	21	36	local	local	ADJ
ajird-1537	21	37	and	and	CCONJ
ajird-1537	21	38	foreign	foreign	ADJ
ajird-1537	21	39	investors	investor	NOUN
ajird-1537	21	40	(	(	PUNCT
ajird-1537	21	41	new	new	PROPN
ajird-1537	21	42	york	york	PROPN
ajird-1537	21	43	stock	stock	PROPN
ajird-1537	21	44	exchange	exchange	PROPN
ajird-1537	21	45	,	,	PUNCT
ajird-1537	21	46	2023	2023	NUM
ajird-1537	21	47	)	)	PUNCT
ajird-1537	21	48	.	.	PUNCT
ajird-1537	22	1	the	the	DET
ajird-1537	22	2	significance	significance	NOUN
ajird-1537	22	3	of	of	ADP
ajird-1537	22	4	new	new	PROPN
ajird-1537	22	5	york	york	PROPN
ajird-1537	22	6	in	in	ADP
ajird-1537	22	7	establishing	establish	VERB
ajird-1537	22	8	global	global	ADJ
ajird-1537	22	9	financial	financial	ADJ
ajird-1537	22	10	trends	trend	NOUN
ajird-1537	22	11	and	and	CCONJ
ajird-1537	22	12	shaping	shape	VERB
ajird-1537	22	13	the	the	DET
ajird-1537	22	14	trajectory	trajectory	NOUN
ajird-1537	22	15	of	of	ADP
ajird-1537	22	16	foreign	foreign	ADJ
ajird-1537	22	17	markets	market	NOUN
ajird-1537	22	18	is	be	AUX
ajird-1537	22	19	paramount	paramount	ADJ
ajird-1537	22	20	.	.	PUNCT
ajird-1537	23	1	london	london	PROPN
ajird-1537	23	2	,	,	PUNCT
ajird-1537	23	3	traditionally	traditionally	ADV
ajird-1537	23	4	a	a	DET
ajird-1537	23	5	preeminent	preeminent	ADJ
ajird-1537	23	6	force	force	NOUN
ajird-1537	23	7	in	in	ADP
ajird-1537	23	8	global	global	ADJ
ajird-1537	23	9	banking	banking	NOUN
ajird-1537	23	10	,	,	PUNCT
ajird-1537	23	11	persists	persist	VERB
ajird-1537	23	12	as	as	ADP
ajird-1537	23	13	a	a	DET
ajird-1537	23	14	crucial	crucial	ADJ
ajird-1537	23	15	financial	financial	ADJ
ajird-1537	23	16	hub	hub	NOUN
ajird-1537	23	17	despite	despite	SCONJ
ajird-1537	23	18	recent	recent	ADJ
ajird-1537	23	19	adversities	adversity	NOUN
ajird-1537	23	20	,	,	PUNCT
ajird-1537	23	21	including	include	VERB
ajird-1537	23	22	brexit	brexit	NOUN
ajird-1537	23	23	.	.	PUNCT
ajird-1537	24	1	the	the	DET
ajird-1537	24	2	city	city	NOUN
ajird-1537	24	3	is	be	AUX
ajird-1537	24	4	distinguished	distinguish	VERB
ajird-1537	24	5	for	for	ADP
ajird-1537	24	6	its	its	PRON
ajird-1537	24	7	prominence	prominence	NOUN
ajird-1537	24	8	in	in	ADP
ajird-1537	24	9	foreign	foreign	ADJ
ajird-1537	24	10	currency	currency	NOUN
ajird-1537	24	11	trading	trading	NOUN
ajird-1537	24	12	,	,	PUNCT
ajird-1537	24	13	bond	bond	NOUN
ajird-1537	24	14	markets	market	NOUN
ajird-1537	24	15	,	,	PUNCT
ajird-1537	24	16	and	and	CCONJ
ajird-1537	24	17	its	its	PRON
ajird-1537	24	18	function	function	NOUN
ajird-1537	24	19	as	as	ADP
ajird-1537	24	20	a	a	DET
ajird-1537	24	21	significant	significant	ADJ
ajird-1537	24	22	hub	hub	NOUN
ajird-1537	24	23	for	for	ADP
ajird-1537	24	24	international	international	ADJ
ajird-1537	24	25	finance	finance	NOUN
ajird-1537	24	26	.	.	PUNCT
ajird-1537	25	1	london	london	PROPN
ajird-1537	25	2	's	's	PART
ajird-1537	25	3	time	time	NOUN
ajird-1537	25	4	zone	zone	NOUN
ajird-1537	25	5	,	,	PUNCT
ajird-1537	25	6	coinciding	coincide	VERB
ajird-1537	25	7	with	with	ADP
ajird-1537	25	8	both	both	CCONJ
ajird-1537	25	9	asian	asian	ADJ
ajird-1537	25	10	and	and	CCONJ
ajird-1537	25	11	american	american	ADJ
ajird-1537	25	12	markets	market	NOUN
ajird-1537	25	13	,	,	PUNCT
ajird-1537	25	14	affords	afford	VERB
ajird-1537	25	15	it	it	PRON
ajird-1537	25	16	a	a	DET
ajird-1537	25	17	distinct	distinct	ADJ
ajird-1537	25	18	edge	edge	NOUN
ajird-1537	25	19	in	in	ADP
ajird-1537	25	20	global	global	ADJ
ajird-1537	25	21	financial	financial	ADJ
ajird-1537	25	22	transactions	transaction	NOUN
ajird-1537	25	23	(	(	PUNCT
ajird-1537	25	24	bank	bank	NOUN
ajird-1537	25	25	of	of	ADP
ajird-1537	25	26	england	england	PROPN
ajird-1537	25	27	,	,	PUNCT
ajird-1537	25	28	2023	2023	NUM
ajird-1537	25	29	)	)	PUNCT
ajird-1537	25	30	.	.	PUNCT
ajird-1537	26	1	the	the	DET
ajird-1537	26	2	london	london	PROPN
ajird-1537	26	3	stock	stock	PROPN
ajird-1537	26	4	exchange	exchange	PROPN
ajird-1537	26	5	(	(	PUNCT
ajird-1537	26	6	lse	lse	PROPN
ajird-1537	26	7	)	)	PUNCT
ajird-1537	26	8	,	,	PUNCT
ajird-1537	26	9	is	be	AUX
ajird-1537	26	10	among	among	ADP
ajird-1537	26	11	the	the	DET
ajird-1537	26	12	oldest	old	ADJ
ajird-1537	26	13	and	and	CCONJ
ajird-1537	26	14	most	most	ADV
ajird-1537	26	15	esteemed	esteemed	ADJ
ajird-1537	26	16	globally	globally	ADV
ajird-1537	26	17	,	,	PUNCT
ajird-1537	26	18	persists	persist	VERB
ajird-1537	26	19	in	in	ADP
ajird-1537	26	20	enabling	enable	VERB
ajird-1537	26	21	capital	capital	NOUN
ajird-1537	26	22	acquisition	acquisition	NOUN
ajird-1537	26	23	for	for	ADP
ajird-1537	26	24	domestic	domestic	ADJ
ajird-1537	26	25	and	and	CCONJ
ajird-1537	26	26	international	international	ADJ
ajird-1537	26	27	enterprises	enterprise	NOUN
ajird-1537	26	28	,	,	PUNCT
ajird-1537	26	29	despite	despite	SCONJ
ajird-1537	26	30	facing	face	VERB
ajird-1537	26	31	competition	competition	NOUN
ajird-1537	26	32	from	from	ADP
ajird-1537	26	33	new	new	PROPN
ajird-1537	26	34	york	york	PROPN
ajird-1537	26	35	and	and	CCONJ
ajird-1537	26	36	asian	asian	ADJ
ajird-1537	26	37	financial	financial	ADJ
ajird-1537	26	38	markets	market	NOUN
ajird-1537	26	39	in	in	ADP
ajird-1537	26	40	recent	recent	ADJ
ajird-1537	26	41	years	year	NOUN
ajird-1537	26	42	(	(	PUNCT
ajird-1537	26	43	international	international	ADJ
ajird-1537	26	44	monetary	monetary	ADJ
ajird-1537	26	45	fund	fund	NOUN
ajird-1537	26	46	,	,	PUNCT
ajird-1537	26	47	2023	2023	NUM
ajird-1537	26	48	)	)	PUNCT
ajird-1537	26	49	.	.	PUNCT
ajird-1537	27	1	nonetheless	nonetheless	ADV
ajird-1537	27	2	,	,	PUNCT
ajird-1537	27	3	london	london	PROPN
ajird-1537	27	4	continues	continue	VERB
ajird-1537	27	5	to	to	PART
ajird-1537	27	6	be	be	AUX
ajird-1537	27	7	a	a	DET
ajird-1537	27	8	pivotal	pivotal	ADJ
ajird-1537	27	9	entity	entity	NOUN
ajird-1537	27	10	in	in	ADP
ajird-1537	27	11	global	global	ADJ
ajird-1537	27	12	finance	finance	NOUN
ajird-1537	27	13	,	,	PUNCT
ajird-1537	27	14	with	with	ADP
ajird-1537	27	15	its	its	PRON
ajird-1537	27	16	financial	financial	ADJ
ajird-1537	27	17	industry	industry	NOUN
ajird-1537	27	18	ranking	rank	VERB
ajird-1537	27	19	among	among	ADP
ajird-1537	27	20	the	the	DET
ajird-1537	27	21	foremost	foremost	ADJ
ajird-1537	27	22	contributors	contributor	NOUN
ajird-1537	27	23	to	to	ADP
ajird-1537	27	24	the	the	DET
ajird-1537	27	25	uk	uk	PROPN
ajird-1537	27	26	economy	economy	NOUN
ajird-1537	27	27	.	.	PUNCT
ajird-1537	28	1	tokyo	tokyo	PROPN
ajird-1537	28	2	,	,	PUNCT
ajird-1537	28	3	although	although	SCONJ
ajird-1537	28	4	sometimes	sometimes	ADV
ajird-1537	28	5	eclipsed	eclipse	VERB
ajird-1537	28	6	by	by	ADP
ajird-1537	28	7	new	new	PROPN
ajird-1537	28	8	york	york	PROPN
ajird-1537	28	9	and	and	CCONJ
ajird-1537	28	10	london	london	PROPN
ajird-1537	28	11	in	in	ADP
ajird-1537	28	12	global	global	ADJ
ajird-1537	28	13	finance	finance	NOUN
ajird-1537	28	14	discourse	discourse	NOUN
ajird-1537	28	15	,	,	PUNCT
ajird-1537	28	16	continues	continue	VERB
ajird-1537	28	17	to	to	PART
ajird-1537	28	18	be	be	AUX
ajird-1537	28	19	a	a	DET
ajird-1537	28	20	vital	vital	ADJ
ajird-1537	28	21	financial	financial	ADJ
ajird-1537	28	22	hub	hub	NOUN
ajird-1537	28	23	,	,	PUNCT
ajird-1537	28	24	especially	especially	ADV
ajird-1537	28	25	in	in	ADP
ajird-1537	28	26	asia	asia	PROPN
ajird-1537	28	27	.	.	PUNCT
ajird-1537	29	1	japan	japan	PROPN
ajird-1537	29	2	possesses	possess	VERB
ajird-1537	29	3	a	a	DET
ajird-1537	29	4	highly	highly	ADV
ajird-1537	29	5	advanced	advanced	ADJ
ajird-1537	29	6	financial	financial	ADJ
ajird-1537	29	7	system	system	NOUN
ajird-1537	29	8	,	,	PUNCT
ajird-1537	29	9	with	with	ADP
ajird-1537	29	10	tokyo	tokyo	PROPN
ajird-1537	29	11	housing	housing	NOUN
ajird-1537	29	12	one	one	NUM
ajird-1537	29	13	of	of	ADP
ajird-1537	29	14	the	the	DET
ajird-1537	29	15	world	world	NOUN
ajird-1537	29	16	's	's	PART
ajird-1537	29	17	major	major	ADJ
ajird-1537	29	18	stock	stock	NOUN
ajird-1537	29	19	markets	market	NOUN
ajird-1537	29	20	by	by	ADP
ajird-1537	29	21	market	market	NOUN
ajird-1537	29	22	capitalisation	capitalisation	NOUN
ajird-1537	29	23	(	(	PUNCT
ajird-1537	29	24	tokyo	tokyo	PROPN
ajird-1537	29	25	stock	stock	NOUN
ajird-1537	29	26	exchange	exchange	NOUN
ajird-1537	29	27	,	,	PUNCT
ajird-1537	29	28	2023	2023	NUM
ajird-1537	29	29	)	)	PUNCT
ajird-1537	29	30	.	.	PUNCT
ajird-1537	30	1	the	the	DET
ajird-1537	30	2	tokyo	tokyo	PROPN
ajird-1537	30	3	stock	stock	NOUN
ajird-1537	30	4	exchange	exchange	NOUN
ajird-1537	30	5	(	(	PUNCT
ajird-1537	30	6	tse	tse	PROPN
ajird-1537	30	7	)	)	PUNCT
ajird-1537	30	8	serves	serve	VERB
ajird-1537	30	9	as	as	ADP
ajird-1537	30	10	a	a	DET
ajird-1537	30	11	crucial	crucial	ADJ
ajird-1537	30	12	place	place	NOUN
ajird-1537	30	13	for	for	ADP
ajird-1537	30	14	japanese	japanese	ADJ
ajird-1537	30	15	and	and	CCONJ
ajird-1537	30	16	international	international	ADJ
ajird-1537	30	17	companies	company	NOUN
ajird-1537	30	18	seeking	seek	VERB
ajird-1537	30	19	to	to	PART
ajird-1537	30	20	acquire	acquire	VERB
ajird-1537	30	21	money	money	NOUN
ajird-1537	30	22	in	in	ADP
ajird-1537	30	23	asia	asia	PROPN
ajird-1537	30	24	.	.	PUNCT
ajird-1537	31	1	furthermore	furthermore	ADV
ajird-1537	31	2	,	,	PUNCT
ajird-1537	31	3	japan	japan	PROPN
ajird-1537	31	4	's	's	PART
ajird-1537	31	5	bond	bond	NOUN
ajird-1537	31	6	market	market	NOUN
ajird-1537	31	7	,	,	PUNCT
ajird-1537	31	8	especially	especially	ADV
ajird-1537	31	9	its	its	PRON
ajird-1537	31	10	government	government	NOUN
ajird-1537	31	11	bonds	bond	NOUN
ajird-1537	31	12	,	,	PUNCT
ajird-1537	31	13	constitutes	constitute	VERB
ajird-1537	31	14	a	a	DET
ajird-1537	31	15	crucial	crucial	ADJ
ajird-1537	31	16	element	element	NOUN
ajird-1537	31	17	of	of	ADP
ajird-1537	31	18	the	the	DET
ajird-1537	31	19	global	global	ADJ
ajird-1537	31	20	financial	financial	ADJ
ajird-1537	31	21	framework	framework	NOUN
ajird-1537	31	22	,	,	PUNCT
ajird-1537	31	23	offering	offer	VERB
ajird-1537	31	24	a	a	DET
ajird-1537	31	25	stable	stable	ADJ
ajird-1537	31	26	investment	investment	NOUN
ajird-1537	31	27	opportunity	opportunity	NOUN
ajird-1537	31	28	for	for	ADP
ajird-1537	31	29	both	both	CCONJ
ajird-1537	31	30	local	local	ADJ
ajird-1537	31	31	and	and	CCONJ
ajird-1537	31	32	foreign	foreign	ADJ
ajird-1537	31	33	investors	investor	NOUN
ajird-1537	31	34	(	(	PUNCT
ajird-1537	31	35	oecd	oecd	PROPN
ajird-1537	31	36	,	,	PUNCT
ajird-1537	31	37	2023	2023	NUM
ajird-1537	31	38	)	)	PUNCT
ajird-1537	31	39	.	.	PUNCT
ajird-1537	32	1	notwithstanding	notwithstanding	ADP
ajird-1537	32	2	the	the	DET
ajird-1537	32	3	difficulties	difficulty	NOUN
ajird-1537	32	4	presented	present	VERB
ajird-1537	32	5	american	american	ADJ
ajird-1537	32	6	journal	journal	PROPN
ajird-1537	32	7	of	of	ADP
ajird-1537	32	8	interdisciplinary	interdisciplinary	ADJ
ajird-1537	32	9	research	research	NOUN
ajird-1537	32	10	and	and	CCONJ
ajird-1537	32	11	development	development	NOUN
ajird-1537	32	12	issn	issn	PROPN
ajird-1537	32	13	online	online	NOUN
ajird-1537	32	14	:	:	PUNCT
ajird-1537	32	15	2771	2771	NUM
ajird-1537	32	16	-	-	SYM
ajird-1537	32	17	8948	8948	NUM
ajird-1537	32	18	website	website	NOUN
ajird-1537	32	19	:	:	PUNCT
ajird-1537	32	20	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	32	21	volume	volume	NOUN
ajird-1537	32	22	39	39	NUM
ajird-1537	32	23	,	,	PUNCT
ajird-1537	32	24	april	april	PROPN
ajird-1537	32	25	2025	2025	NUM
ajird-1537	32	26	63	63	NUM
ajird-1537	32	27	|	|	ADV
ajird-1537	32	28	p	p	NOUN
ajird-1537	32	29	a	a	DET
ajird-1537	32	30	g	g	NOUN
ajird-1537	32	31	e	e	NOUN
ajird-1537	32	32	by	by	ADP
ajird-1537	32	33	japan	japan	PROPN
ajird-1537	32	34	's	's	PART
ajird-1537	32	35	ageing	age	VERB
ajird-1537	32	36	demographic	demographic	ADJ
ajird-1537	32	37	and	and	CCONJ
ajird-1537	32	38	sustained	sustain	VERB
ajird-1537	32	39	low	low	ADJ
ajird-1537	32	40	interest	interest	NOUN
ajird-1537	32	41	rate	rate	NOUN
ajird-1537	32	42	conditions	condition	NOUN
ajird-1537	32	43	,	,	PUNCT
ajird-1537	32	44	tokyo	tokyo	PROPN
ajird-1537	32	45	's	's	PART
ajird-1537	32	46	financial	financial	ADJ
ajird-1537	32	47	sector	sector	NOUN
ajird-1537	32	48	continues	continue	VERB
ajird-1537	32	49	to	to	PART
ajird-1537	32	50	be	be	AUX
ajird-1537	32	51	essential	essential	ADJ
ajird-1537	32	52	to	to	ADP
ajird-1537	32	53	the	the	DET
ajird-1537	32	54	global	global	ADJ
ajird-1537	32	55	financial	financial	ADJ
ajird-1537	32	56	system	system	NOUN
ajird-1537	32	57	.	.	PUNCT
ajird-1537	33	1	nigeria	nigeria	PROPN
ajird-1537	33	2	starkly	starkly	ADV
ajird-1537	33	3	contrasts	contrast	VERB
ajird-1537	33	4	with	with	ADP
ajird-1537	33	5	the	the	DET
ajird-1537	33	6	established	establish	VERB
ajird-1537	33	7	financial	financial	ADJ
ajird-1537	33	8	systems	system	NOUN
ajird-1537	33	9	of	of	ADP
ajird-1537	33	10	new	new	PROPN
ajird-1537	33	11	york	york	PROPN
ajird-1537	33	12	,	,	PUNCT
ajird-1537	33	13	london	london	PROPN
ajird-1537	33	14	,	,	PUNCT
ajird-1537	33	15	and	and	CCONJ
ajird-1537	33	16	tokyo	tokyo	PROPN
ajird-1537	33	17	.	.	PUNCT
ajird-1537	34	1	nigeria	nigeria	PROPN
ajird-1537	34	2	,	,	PUNCT
ajird-1537	34	3	being	be	AUX
ajird-1537	34	4	africa	africa	PROPN
ajird-1537	34	5	's	's	PART
ajird-1537	34	6	largest	large	ADJ
ajird-1537	34	7	economy	economy	NOUN
ajird-1537	34	8	,	,	PUNCT
ajird-1537	34	9	has	have	VERB
ajird-1537	34	10	financial	financial	ADJ
ajird-1537	34	11	markets	market	NOUN
ajird-1537	34	12	that	that	PRON
ajird-1537	34	13	are	be	AUX
ajird-1537	34	14	at	at	ADP
ajird-1537	34	15	a	a	DET
ajird-1537	34	16	developing	develop	VERB
ajird-1537	34	17	stage	stage	NOUN
ajird-1537	34	18	,	,	PUNCT
ajird-1537	34	19	however	however	ADV
ajird-1537	34	20	,	,	PUNCT
ajird-1537	34	21	they	they	PRON
ajird-1537	34	22	have	have	VERB
ajird-1537	34	23	considerable	considerable	ADJ
ajird-1537	34	24	growth	growth	NOUN
ajird-1537	34	25	potential	potential	NOUN
ajird-1537	34	26	(	(	PUNCT
ajird-1537	34	27	world	world	NOUN
ajird-1537	34	28	bank	bank	NOUN
ajird-1537	34	29	,	,	PUNCT
ajird-1537	34	30	2023	2023	NUM
ajird-1537	34	31	)	)	PUNCT
ajird-1537	34	32	.	.	PUNCT
ajird-1537	35	1	the	the	DET
ajird-1537	35	2	nigerian	nigerian	ADJ
ajird-1537	35	3	stock	stock	NOUN
ajird-1537	35	4	exchange	exchange	PROPN
ajird-1537	35	5	(	(	PUNCT
ajird-1537	35	6	nse	nse	NOUN
ajird-1537	35	7	)	)	PUNCT
ajird-1537	35	8	has	have	AUX
ajird-1537	35	9	experienced	experience	VERB
ajird-1537	35	10	growth	growth	NOUN
ajird-1537	35	11	in	in	ADP
ajird-1537	35	12	recent	recent	ADJ
ajird-1537	35	13	years	year	NOUN
ajird-1537	35	14	,	,	PUNCT
ajird-1537	35	15	marked	mark	VERB
ajird-1537	35	16	by	by	ADP
ajird-1537	35	17	heightened	heightened	ADJ
ajird-1537	35	18	involvement	involvement	NOUN
ajird-1537	35	19	from	from	ADP
ajird-1537	35	20	both	both	CCONJ
ajird-1537	35	21	local	local	ADJ
ajird-1537	35	22	and	and	CCONJ
ajird-1537	35	23	international	international	ADJ
ajird-1537	35	24	investors	investor	NOUN
ajird-1537	35	25	.	.	PUNCT
ajird-1537	36	1	nigeria	nigeria	PROPN
ajird-1537	36	2	's	's	PART
ajird-1537	36	3	financial	financial	ADJ
ajird-1537	36	4	system	system	NOUN
ajird-1537	36	5	is	be	AUX
ajird-1537	36	6	significantly	significantly	ADV
ajird-1537	36	7	impacted	impact	VERB
ajird-1537	36	8	by	by	ADP
ajird-1537	36	9	its	its	PRON
ajird-1537	36	10	dependence	dependence	NOUN
ajird-1537	36	11	on	on	ADP
ajird-1537	36	12	oil	oil	NOUN
ajird-1537	36	13	exports	export	NOUN
ajird-1537	36	14	,	,	PUNCT
ajird-1537	36	15	which	which	PRON
ajird-1537	36	16	provide	provide	VERB
ajird-1537	36	17	a	a	DET
ajird-1537	36	18	substantial	substantial	ADJ
ajird-1537	36	19	share	share	NOUN
ajird-1537	36	20	of	of	ADP
ajird-1537	36	21	the	the	DET
ajird-1537	36	22	nation	nation	NOUN
ajird-1537	36	23	's	's	PART
ajird-1537	36	24	foreign	foreign	ADJ
ajird-1537	36	25	exchange	exchange	NOUN
ajird-1537	36	26	revenues	revenue	NOUN
ajird-1537	36	27	(	(	PUNCT
ajird-1537	36	28	international	international	ADJ
ajird-1537	36	29	monetary	monetary	ADJ
ajird-1537	36	30	fund	fund	NOUN
ajird-1537	36	31	,	,	PUNCT
ajird-1537	36	32	2023	2023	NUM
ajird-1537	36	33	)	)	PUNCT
ajird-1537	36	34	.	.	PUNCT
ajird-1537	37	1	efforts	effort	NOUN
ajird-1537	37	2	are	be	AUX
ajird-1537	37	3	underway	underway	ADJ
ajird-1537	37	4	to	to	PART
ajird-1537	37	5	diversify	diversify	VERB
ajird-1537	37	6	the	the	DET
ajird-1537	37	7	economy	economy	NOUN
ajird-1537	37	8	and	and	CCONJ
ajird-1537	37	9	enhance	enhance	VERB
ajird-1537	37	10	the	the	DET
ajird-1537	37	11	financial	financial	ADJ
ajird-1537	37	12	system	system	NOUN
ajird-1537	37	13	,	,	PUNCT
ajird-1537	37	14	focussing	focusse	VERB
ajird-1537	37	15	specifically	specifically	ADV
ajird-1537	37	16	on	on	ADP
ajird-1537	37	17	industries	industry	NOUN
ajird-1537	37	18	such	such	ADJ
ajird-1537	37	19	as	as	ADP
ajird-1537	37	20	telecommunications	telecommunication	NOUN
ajird-1537	37	21	,	,	PUNCT
ajird-1537	37	22	agriculture	agriculture	NOUN
ajird-1537	37	23	,	,	PUNCT
ajird-1537	37	24	and	and	CCONJ
ajird-1537	37	25	financial	financial	ADJ
ajird-1537	37	26	technology	technology	NOUN
ajird-1537	37	27	(	(	PUNCT
ajird-1537	37	28	fintech	fintech	NOUN
ajird-1537	37	29	)	)	PUNCT
ajird-1537	37	30	.	.	PUNCT
ajird-1537	38	1	nigeria	nigeria	PROPN
ajird-1537	38	2	's	's	PART
ajird-1537	38	3	ongoing	ongoing	ADJ
ajird-1537	38	4	reforms	reform	NOUN
ajird-1537	38	5	to	to	PART
ajird-1537	38	6	enhance	enhance	VERB
ajird-1537	38	7	financial	financial	ADJ
ajird-1537	38	8	inclusion	inclusion	NOUN
ajird-1537	38	9	and	and	CCONJ
ajird-1537	38	10	draw	draw	VERB
ajird-1537	38	11	foreign	foreign	ADJ
ajird-1537	38	12	investment	investment	NOUN
ajird-1537	38	13	may	may	AUX
ajird-1537	38	14	lead	lead	VERB
ajird-1537	38	15	to	to	ADP
ajird-1537	38	16	greater	great	ADJ
ajird-1537	38	17	integration	integration	NOUN
ajird-1537	38	18	of	of	ADP
ajird-1537	38	19	its	its	PRON
ajird-1537	38	20	financial	financial	ADJ
ajird-1537	38	21	markets	market	NOUN
ajird-1537	38	22	into	into	ADP
ajird-1537	38	23	the	the	DET
ajird-1537	38	24	global	global	ADJ
ajird-1537	38	25	financial	financial	ADJ
ajird-1537	38	26	system	system	NOUN
ajird-1537	38	27	(	(	PUNCT
ajird-1537	38	28	central	central	ADJ
ajird-1537	38	29	bank	bank	PROPN
ajird-1537	38	30	of	of	ADP
ajird-1537	38	31	nigeria	nigeria	PROPN
ajird-1537	38	32	,	,	PUNCT
ajird-1537	38	33	2022	2022	NUM
ajird-1537	38	34	)	)	PUNCT
ajird-1537	38	35	.	.	PUNCT
ajird-1537	39	1	this	this	DET
ajird-1537	39	2	research	research	NOUN
ajird-1537	39	3	aims	aim	VERB
ajird-1537	39	4	to	to	PART
ajird-1537	39	5	examine	examine	VERB
ajird-1537	39	6	the	the	DET
ajird-1537	39	7	dynamics	dynamic	NOUN
ajird-1537	39	8	of	of	ADP
ajird-1537	39	9	various	various	ADJ
ajird-1537	39	10	financial	financial	ADJ
ajird-1537	39	11	centres	centre	NOUN
ajird-1537	39	12	,	,	PUNCT
ajird-1537	39	13	assessing	assess	VERB
ajird-1537	39	14	their	their	PRON
ajird-1537	39	15	evolution	evolution	NOUN
ajird-1537	39	16	under	under	ADP
ajird-1537	39	17	distinct	distinct	ADJ
ajird-1537	39	18	economic	economic	ADJ
ajird-1537	39	19	and	and	CCONJ
ajird-1537	39	20	regulatory	regulatory	ADJ
ajird-1537	39	21	frameworks	framework	NOUN
ajird-1537	39	22	.	.	PUNCT
ajird-1537	40	1	this	this	DET
ajird-1537	40	2	article	article	NOUN
ajird-1537	40	3	will	will	AUX
ajird-1537	40	4	analyse	analyse	VERB
ajird-1537	40	5	the	the	DET
ajird-1537	40	6	economic	economic	ADJ
ajird-1537	40	7	backgrounds	background	NOUN
ajird-1537	40	8	,	,	PUNCT
ajird-1537	40	9	financial	financial	ADJ
ajird-1537	40	10	systems	system	NOUN
ajird-1537	40	11	,	,	PUNCT
ajird-1537	40	12	and	and	CCONJ
ajird-1537	40	13	market	market	NOUN
ajird-1537	40	14	sizes	size	NOUN
ajird-1537	40	15	of	of	ADP
ajird-1537	40	16	major	major	ADJ
ajird-1537	40	17	financial	financial	ADJ
ajird-1537	40	18	centres	centre	NOUN
ajird-1537	40	19	to	to	PART
ajird-1537	40	20	assess	assess	VERB
ajird-1537	40	21	their	their	PRON
ajird-1537	40	22	interactions	interaction	NOUN
ajird-1537	40	23	with	with	ADP
ajird-1537	40	24	the	the	DET
ajird-1537	40	25	global	global	ADJ
ajird-1537	40	26	financial	financial	ADJ
ajird-1537	40	27	system	system	NOUN
ajird-1537	40	28	and	and	CCONJ
ajird-1537	40	29	their	their	PRON
ajird-1537	40	30	impact	impact	NOUN
ajird-1537	40	31	on	on	ADP
ajird-1537	40	32	economic	economic	ADJ
ajird-1537	40	33	performance	performance	NOUN
ajird-1537	40	34	locally	locally	ADV
ajird-1537	40	35	and	and	CCONJ
ajird-1537	40	36	globally	globally	ADV
ajird-1537	40	37	.	.	PUNCT
ajird-1537	41	1	each	each	DET
ajird-1537	41	2	financial	financial	ADJ
ajird-1537	41	3	market	market	NOUN
ajird-1537	41	4	encounters	encounter	VERB
ajird-1537	41	5	distinct	distinct	ADJ
ajird-1537	41	6	difficulties	difficulty	NOUN
ajird-1537	41	7	and	and	CCONJ
ajird-1537	41	8	possibilities	possibility	NOUN
ajird-1537	41	9	influenced	influence	VERB
ajird-1537	41	10	by	by	ADP
ajird-1537	41	11	local	local	ADJ
ajird-1537	41	12	and	and	CCONJ
ajird-1537	41	13	worldwide	worldwide	ADJ
ajird-1537	41	14	economic	economic	ADJ
ajird-1537	41	15	trends	trend	NOUN
ajird-1537	41	16	,	,	PUNCT
ajird-1537	41	17	regulatory	regulatory	ADJ
ajird-1537	41	18	structures	structure	NOUN
ajird-1537	41	19	,	,	PUNCT
ajird-1537	41	20	and	and	CCONJ
ajird-1537	41	21	technology	technology	NOUN
ajird-1537	41	22	innovations	innovation	NOUN
ajird-1537	41	23	.	.	PUNCT
ajird-1537	42	1	this	this	DET
ajird-1537	42	2	article	article	NOUN
ajird-1537	42	3	analyses	analyse	VERB
ajird-1537	42	4	the	the	DET
ajird-1537	42	5	strengths	strength	NOUN
ajird-1537	42	6	and	and	CCONJ
ajird-1537	42	7	shortcomings	shortcoming	NOUN
ajird-1537	42	8	of	of	ADP
ajird-1537	42	9	various	various	ADJ
ajird-1537	42	10	financial	financial	ADJ
ajird-1537	42	11	centres	centre	NOUN
ajird-1537	42	12	to	to	PART
ajird-1537	42	13	elucidate	elucidate	VERB
ajird-1537	42	14	their	their	PRON
ajird-1537	42	15	pivotal	pivotal	ADJ
ajird-1537	42	16	role	role	NOUN
ajird-1537	42	17	in	in	ADP
ajird-1537	42	18	influencing	influence	VERB
ajird-1537	42	19	global	global	ADJ
ajird-1537	42	20	financial	financial	ADJ
ajird-1537	42	21	flows	flow	NOUN
ajird-1537	42	22	and	and	CCONJ
ajird-1537	42	23	economic	economic	ADJ
ajird-1537	42	24	growth	growth	NOUN
ajird-1537	42	25	.	.	PUNCT
ajird-1537	43	1	this	this	DET
ajird-1537	43	2	appraisal	appraisal	NOUN
ajird-1537	43	3	focused	focus	VERB
ajird-1537	43	4	on	on	ADP
ajird-1537	43	5	the	the	DET
ajird-1537	43	6	historical	historical	ADJ
ajird-1537	43	7	evolution	evolution	NOUN
ajird-1537	43	8	of	of	ADP
ajird-1537	43	9	each	each	DET
ajird-1537	43	10	financial	financial	ADJ
ajird-1537	43	11	market	market	NOUN
ajird-1537	43	12	,	,	PUNCT
ajird-1537	43	13	the	the	DET
ajird-1537	43	14	regulatory	regulatory	ADJ
ajird-1537	43	15	framework	framework	NOUN
ajird-1537	43	16	overseeing	oversee	VERB
ajird-1537	43	17	financial	financial	ADJ
ajird-1537	43	18	activities	activity	NOUN
ajird-1537	43	19	,	,	PUNCT
ajird-1537	43	20	the	the	DET
ajird-1537	43	21	liquidity	liquidity	NOUN
ajird-1537	43	22	and	and	CCONJ
ajird-1537	43	23	scale	scale	NOUN
ajird-1537	43	24	of	of	ADP
ajird-1537	43	25	the	the	DET
ajird-1537	43	26	markets	market	NOUN
ajird-1537	43	27	,	,	PUNCT
ajird-1537	43	28	the	the	DET
ajird-1537	43	29	variety	variety	NOUN
ajird-1537	43	30	of	of	ADP
ajird-1537	43	31	financial	financial	ADJ
ajird-1537	43	32	products	product	NOUN
ajird-1537	43	33	available	available	ADJ
ajird-1537	43	34	,	,	PUNCT
ajird-1537	43	35	and	and	CCONJ
ajird-1537	43	36	the	the	DET
ajird-1537	43	37	global	global	ADJ
ajird-1537	43	38	importance	importance	NOUN
ajird-1537	43	39	of	of	ADP
ajird-1537	43	40	each	each	DET
ajird-1537	43	41	market	market	NOUN
ajird-1537	43	42	.	.	PUNCT
ajird-1537	44	1	a	a	DET
ajird-1537	44	2	comparative	comparative	ADJ
ajird-1537	44	3	examination	examination	NOUN
ajird-1537	44	4	will	will	AUX
ajird-1537	44	5	elucidate	elucidate	VERB
ajird-1537	44	6	how	how	SCONJ
ajird-1537	44	7	new	new	PROPN
ajird-1537	44	8	york	york	PROPN
ajird-1537	44	9	,	,	PUNCT
ajird-1537	44	10	london	london	PROPN
ajird-1537	44	11	,	,	PUNCT
ajird-1537	44	12	and	and	CCONJ
ajird-1537	44	13	tokyo	tokyo	PROPN
ajird-1537	44	14	have	have	AUX
ajird-1537	44	15	established	establish	VERB
ajird-1537	44	16	themselves	themselves	PRON
ajird-1537	44	17	as	as	ADP
ajird-1537	44	18	global	global	ADJ
ajird-1537	44	19	financial	financial	ADJ
ajird-1537	44	20	powerhouses	powerhouse	NOUN
ajird-1537	44	21	,	,	PUNCT
ajird-1537	44	22	whereas	whereas	SCONJ
ajird-1537	44	23	nigeria	nigeria	PROPN
ajird-1537	44	24	is	be	AUX
ajird-1537	44	25	characterised	characterise	VERB
ajird-1537	44	26	as	as	ADP
ajird-1537	44	27	a	a	DET
ajird-1537	44	28	frontier	frontier	NOUN
ajird-1537	44	29	market	market	NOUN
ajird-1537	44	30	with	with	ADP
ajird-1537	44	31	significant	significant	ADJ
ajird-1537	44	32	development	development	NOUN
ajird-1537	44	33	potential	potential	NOUN
ajird-1537	44	34	.	.	PUNCT
ajird-1537	45	1	the	the	DET
ajird-1537	45	2	article	article	NOUN
ajird-1537	45	3	also	also	ADV
ajird-1537	45	4	examined	examine	VERB
ajird-1537	45	5	the	the	DET
ajird-1537	45	6	issues	issue	NOUN
ajird-1537	45	7	confronting	confront	VERB
ajird-1537	45	8	these	these	DET
ajird-1537	45	9	financial	financial	ADJ
ajird-1537	45	10	institutions	institution	NOUN
ajird-1537	45	11	,	,	PUNCT
ajird-1537	45	12	such	such	ADJ
ajird-1537	45	13	as	as	ADP
ajird-1537	45	14	legislative	legislative	ADJ
ajird-1537	45	15	alterations	alteration	NOUN
ajird-1537	45	16	,	,	PUNCT
ajird-1537	45	17	technology	technology	NOUN
ajird-1537	45	18	upheavals	upheaval	NOUN
ajird-1537	45	19	,	,	PUNCT
ajird-1537	45	20	economic	economic	ADJ
ajird-1537	45	21	fluctuations	fluctuation	NOUN
ajird-1537	45	22	,	,	PUNCT
ajird-1537	45	23	and	and	CCONJ
ajird-1537	45	24	geopolitical	geopolitical	ADJ
ajird-1537	45	25	threats	threat	NOUN
ajird-1537	45	26	.	.	PUNCT
ajird-1537	46	1	the	the	DET
ajird-1537	46	2	article	article	NOUN
ajird-1537	46	3	analysed	analyse	VERB
ajird-1537	46	4	these	these	DET
ajird-1537	46	5	aspects	aspect	NOUN
ajird-1537	46	6	to	to	PART
ajird-1537	46	7	elucidate	elucidate	VERB
ajird-1537	46	8	the	the	DET
ajird-1537	46	9	changing	change	VERB
ajird-1537	46	10	dynamics	dynamic	NOUN
ajird-1537	46	11	of	of	ADP
ajird-1537	46	12	global	global	ADJ
ajird-1537	46	13	finance	finance	NOUN
ajird-1537	46	14	and	and	CCONJ
ajird-1537	46	15	how	how	SCONJ
ajird-1537	46	16	financial	financial	ADJ
ajird-1537	46	17	hubs	hub	NOUN
ajird-1537	46	18	such	such	ADJ
ajird-1537	46	19	as	as	ADP
ajird-1537	46	20	new	new	PROPN
ajird-1537	46	21	york	york	PROPN
ajird-1537	46	22	,	,	PUNCT
ajird-1537	46	23	london	london	PROPN
ajird-1537	46	24	,	,	PUNCT
ajird-1537	46	25	tokyo	tokyo	PROPN
ajird-1537	46	26	,	,	PUNCT
ajird-1537	46	27	and	and	CCONJ
ajird-1537	46	28	nigeria	nigeria	PROPN
ajird-1537	46	29	are	be	AUX
ajird-1537	46	30	adjusting	adjust	VERB
ajird-1537	46	31	to	to	ADP
ajird-1537	46	32	emerging	emerge	VERB
ajird-1537	46	33	issues	issue	NOUN
ajird-1537	46	34	in	in	ADP
ajird-1537	46	35	an	an	DET
ajird-1537	46	36	interconnected	interconnected	ADJ
ajird-1537	46	37	environment	environment	NOUN
ajird-1537	46	38	.	.	PUNCT
ajird-1537	47	1	the	the	DET
ajird-1537	47	2	results	result	NOUN
ajird-1537	47	3	will	will	AUX
ajird-1537	47	4	impact	impact	VERB
ajird-1537	47	5	regulators	regulator	NOUN
ajird-1537	47	6	,	,	PUNCT
ajird-1537	47	7	investors	investor	NOUN
ajird-1537	47	8	,	,	PUNCT
ajird-1537	47	9	and	and	CCONJ
ajird-1537	47	10	financial	financial	ADJ
ajird-1537	47	11	experts	expert	NOUN
ajird-1537	47	12	managing	manage	VERB
ajird-1537	47	13	the	the	DET
ajird-1537	47	14	intricacies	intricacy	NOUN
ajird-1537	47	15	of	of	ADP
ajird-1537	47	16	the	the	DET
ajird-1537	47	17	global	global	ADJ
ajird-1537	47	18	financial	financial	ADJ
ajird-1537	47	19	system	system	NOUN
ajird-1537	47	20	.	.	PUNCT
ajird-1537	48	1	2.0	2.0	NUM
ajird-1537	48	2	overview	overview	NOUN
ajird-1537	48	3	of	of	ADP
ajird-1537	48	4	economic	economic	ADJ
ajird-1537	48	5	backgrounds	background	NOUN
ajird-1537	48	6	a	a	DET
ajird-1537	48	7	comprehension	comprehension	NOUN
ajird-1537	48	8	of	of	ADP
ajird-1537	48	9	the	the	DET
ajird-1537	48	10	economic	economic	ADJ
ajird-1537	48	11	contexts	contexts	NOUN
ajird-1537	48	12	of	of	ADP
ajird-1537	48	13	new	new	PROPN
ajird-1537	48	14	york	york	PROPN
ajird-1537	48	15	,	,	PUNCT
ajird-1537	48	16	london	london	PROPN
ajird-1537	48	17	,	,	PUNCT
ajird-1537	48	18	tokyo	tokyo	PROPN
ajird-1537	48	19	,	,	PUNCT
ajird-1537	48	20	and	and	CCONJ
ajird-1537	48	21	nigeria	nigeria	PROPN
ajird-1537	48	22	is	be	AUX
ajird-1537	48	23	essential	essential	ADJ
ajird-1537	48	24	for	for	ADP
ajird-1537	48	25	recognising	recognise	VERB
ajird-1537	48	26	the	the	DET
ajird-1537	48	27	functions	function	NOUN
ajird-1537	48	28	these	these	DET
ajird-1537	48	29	financial	financial	ADJ
ajird-1537	48	30	centres	centre	NOUN
ajird-1537	48	31	serve	serve	VERB
ajird-1537	48	32	within	within	ADP
ajird-1537	48	33	their	their	PRON
ajird-1537	48	34	own	own	ADJ
ajird-1537	48	35	economies	economy	NOUN
ajird-1537	48	36	and	and	CCONJ
ajird-1537	48	37	on	on	ADP
ajird-1537	48	38	a	a	DET
ajird-1537	48	39	global	global	ADJ
ajird-1537	48	40	scale	scale	NOUN
ajird-1537	48	41	.	.	PUNCT
ajird-1537	49	1	the	the	DET
ajird-1537	49	2	economic	economic	ADJ
ajird-1537	49	3	systems	system	NOUN
ajird-1537	49	4	of	of	ADP
ajird-1537	49	5	these	these	DET
ajird-1537	49	6	areas	area	NOUN
ajird-1537	49	7	are	be	AUX
ajird-1537	49	8	influenced	influence	VERB
ajird-1537	49	9	by	by	ADP
ajird-1537	49	10	american	american	ADJ
ajird-1537	49	11	journal	journal	PROPN
ajird-1537	49	12	of	of	ADP
ajird-1537	49	13	interdisciplinary	interdisciplinary	ADJ
ajird-1537	49	14	research	research	NOUN
ajird-1537	49	15	and	and	CCONJ
ajird-1537	49	16	development	development	NOUN
ajird-1537	49	17	issn	issn	PROPN
ajird-1537	49	18	online	online	NOUN
ajird-1537	49	19	:	:	PUNCT
ajird-1537	49	20	2771	2771	NUM
ajird-1537	49	21	-	-	SYM
ajird-1537	49	22	8948	8948	NUM
ajird-1537	49	23	website	website	NOUN
ajird-1537	49	24	:	:	PUNCT
ajird-1537	49	25	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	49	26	volume	volume	NOUN
ajird-1537	49	27	39	39	NUM
ajird-1537	49	28	,	,	PUNCT
ajird-1537	49	29	april	april	PROPN
ajird-1537	49	30	2025	2025	NUM
ajird-1537	49	31	64	64	NUM
ajird-1537	50	1	|	|	ADV
ajird-1537	50	2	p	p	NOUN
ajird-1537	50	3	a	a	DET
ajird-1537	50	4	g	g	NOUN
ajird-1537	50	5	e	e	NOUN
ajird-1537	50	6	their	their	PRON
ajird-1537	50	7	trading	trading	NOUN
ajird-1537	50	8	history	history	NOUN
ajird-1537	50	9	,	,	PUNCT
ajird-1537	50	10	structural	structural	ADJ
ajird-1537	50	11	attributes	attribute	NOUN
ajird-1537	50	12	,	,	PUNCT
ajird-1537	50	13	and	and	CCONJ
ajird-1537	50	14	policy	policy	NOUN
ajird-1537	50	15	frameworks	framework	NOUN
ajird-1537	50	16	.	.	PUNCT
ajird-1537	51	1	this	this	DET
ajird-1537	51	2	section	section	NOUN
ajird-1537	51	3	explored	explore	VERB
ajird-1537	51	4	the	the	DET
ajird-1537	51	5	economic	economic	ADJ
ajird-1537	51	6	background	background	NOUN
ajird-1537	51	7	of	of	ADP
ajird-1537	51	8	each	each	DET
ajird-1537	51	9	area	area	NOUN
ajird-1537	51	10	,	,	PUNCT
ajird-1537	51	11	highlighting	highlight	VERB
ajird-1537	51	12	the	the	DET
ajird-1537	51	13	development	development	NOUN
ajird-1537	51	14	of	of	ADP
ajird-1537	51	15	their	their	PRON
ajird-1537	51	16	economies	economy	NOUN
ajird-1537	51	17	alongside	alongside	ADP
ajird-1537	51	18	their	their	PRON
ajird-1537	51	19	economic	economic	ADJ
ajird-1537	51	20	structures	structure	NOUN
ajird-1537	51	21	and	and	CCONJ
ajird-1537	51	22	the	the	DET
ajird-1537	51	23	distinctive	distinctive	ADJ
ajird-1537	51	24	contributions	contribution	NOUN
ajird-1537	51	25	each	each	DET
ajird-1537	51	26	region	region	NOUN
ajird-1537	51	27	makes	make	VERB
ajird-1537	51	28	to	to	ADP
ajird-1537	51	29	the	the	DET
ajird-1537	51	30	global	global	ADJ
ajird-1537	51	31	economy	economy	NOUN
ajird-1537	51	32	.	.	PUNCT
ajird-1537	52	1	new	new	PROPN
ajird-1537	52	2	york	york	PROPN
ajird-1537	52	3	new	new	PROPN
ajird-1537	52	4	york	york	PROPN
ajird-1537	52	5	,	,	PUNCT
ajird-1537	52	6	sometimes	sometimes	ADV
ajird-1537	52	7	designated	designate	VERB
ajird-1537	52	8	as	as	ADP
ajird-1537	52	9	the	the	DET
ajird-1537	52	10	financial	financial	ADJ
ajird-1537	52	11	centre	centre	NOUN
ajird-1537	52	12	of	of	ADP
ajird-1537	52	13	the	the	DET
ajird-1537	52	14	world	world	NOUN
ajird-1537	52	15	,	,	PUNCT
ajird-1537	52	16	is	be	AUX
ajird-1537	52	17	pivotal	pivotal	ADJ
ajird-1537	52	18	to	to	ADP
ajird-1537	52	19	the	the	DET
ajird-1537	52	20	economy	economy	NOUN
ajird-1537	52	21	of	of	ADP
ajird-1537	52	22	the	the	DET
ajird-1537	52	23	united	united	PROPN
ajird-1537	52	24	states	states	PROPN
ajird-1537	52	25	,	,	PUNCT
ajird-1537	52	26	which	which	PRON
ajird-1537	52	27	boasts	boast	VERB
ajird-1537	52	28	the	the	DET
ajird-1537	52	29	greatest	great	ADJ
ajird-1537	52	30	global	global	ADJ
ajird-1537	52	31	economy	economy	NOUN
ajird-1537	52	32	with	with	ADP
ajird-1537	52	33	a	a	DET
ajird-1537	52	34	gdp	gdp	NOUN
ajird-1537	52	35	over	over	ADP
ajird-1537	52	36	$	$	SYM
ajird-1537	52	37	25	25	NUM
ajird-1537	52	38	trillion	trillion	NUM
ajird-1537	52	39	(	(	PUNCT
ajird-1537	52	40	financial	financial	ADJ
ajird-1537	52	41	times	time	NOUN
ajird-1537	52	42	,	,	PUNCT
ajird-1537	52	43	2023	2023	NUM
ajird-1537	52	44	)	)	PUNCT
ajird-1537	52	45	.	.	PUNCT
ajird-1537	53	1	the	the	DET
ajird-1537	53	2	economic	economic	ADJ
ajird-1537	53	3	history	history	NOUN
ajird-1537	53	4	of	of	ADP
ajird-1537	53	5	the	the	DET
ajird-1537	53	6	city	city	NOUN
ajird-1537	53	7	is	be	AUX
ajird-1537	53	8	closely	closely	ADV
ajird-1537	53	9	linked	link	VERB
ajird-1537	53	10	to	to	ADP
ajird-1537	53	11	its	its	PRON
ajird-1537	53	12	emergence	emergence	NOUN
ajird-1537	53	13	as	as	ADP
ajird-1537	53	14	a	a	DET
ajird-1537	53	15	significant	significant	ADJ
ajird-1537	53	16	centre	centre	NOUN
ajird-1537	53	17	for	for	ADP
ajird-1537	53	18	commerce	commerce	NOUN
ajird-1537	53	19	,	,	PUNCT
ajird-1537	53	20	industry	industry	NOUN
ajird-1537	53	21	,	,	PUNCT
ajird-1537	53	22	and	and	CCONJ
ajird-1537	53	23	banking	banking	NOUN
ajird-1537	53	24	,	,	PUNCT
ajird-1537	53	25	originating	originate	VERB
ajird-1537	53	26	in	in	ADP
ajird-1537	53	27	the	the	DET
ajird-1537	53	28	late	late	ADJ
ajird-1537	53	29	18th	18th	ADJ
ajird-1537	53	30	century	century	NOUN
ajird-1537	53	31	.	.	PUNCT
ajird-1537	54	1	in	in	ADP
ajird-1537	54	2	the	the	DET
ajird-1537	54	3	19th	19th	ADJ
ajird-1537	54	4	century	century	NOUN
ajird-1537	54	5	,	,	PUNCT
ajird-1537	54	6	new	new	PROPN
ajird-1537	54	7	york	york	PROPN
ajird-1537	54	8	's	's	PART
ajird-1537	54	9	advantageous	advantageous	ADJ
ajird-1537	54	10	position	position	NOUN
ajird-1537	54	11	as	as	ADP
ajird-1537	54	12	a	a	DET
ajird-1537	54	13	port	port	NOUN
ajird-1537	54	14	city	city	NOUN
ajird-1537	54	15	enabled	enable	VERB
ajird-1537	54	16	its	its	PRON
ajird-1537	54	17	evolution	evolution	NOUN
ajird-1537	54	18	into	into	ADP
ajird-1537	54	19	a	a	DET
ajird-1537	54	20	vibrant	vibrant	ADJ
ajird-1537	54	21	hub	hub	NOUN
ajird-1537	54	22	for	for	ADP
ajird-1537	54	23	business	business	NOUN
ajird-1537	54	24	and	and	CCONJ
ajird-1537	54	25	trade	trade	NOUN
ajird-1537	54	26	,	,	PUNCT
ajird-1537	54	27	establishing	establish	VERB
ajird-1537	54	28	the	the	DET
ajird-1537	54	29	groundwork	groundwork	NOUN
ajird-1537	54	30	for	for	ADP
ajird-1537	54	31	the	the	DET
ajird-1537	54	32	emergence	emergence	NOUN
ajird-1537	54	33	of	of	ADP
ajird-1537	54	34	its	its	PRON
ajird-1537	54	35	financial	financial	ADJ
ajird-1537	54	36	markets	market	NOUN
ajird-1537	54	37	.	.	PUNCT
ajird-1537	55	1	the	the	DET
ajird-1537	55	2	founding	founding	NOUN
ajird-1537	55	3	of	of	ADP
ajird-1537	55	4	the	the	DET
ajird-1537	55	5	new	new	PROPN
ajird-1537	55	6	york	york	PROPN
ajird-1537	55	7	stock	stock	PROPN
ajird-1537	55	8	exchange	exchange	PROPN
ajird-1537	55	9	(	(	PUNCT
ajird-1537	55	10	nyse	nyse	PROPN
ajird-1537	55	11	)	)	PUNCT
ajird-1537	55	12	in	in	ADP
ajird-1537	55	13	1792	1792	NUM
ajird-1537	55	14	was	be	AUX
ajird-1537	55	15	a	a	DET
ajird-1537	55	16	significant	significant	ADJ
ajird-1537	55	17	event	event	NOUN
ajird-1537	55	18	that	that	PRON
ajird-1537	55	19	initiated	initiate	VERB
ajird-1537	55	20	new	new	PROPN
ajird-1537	55	21	york	york	PROPN
ajird-1537	55	22	's	's	PART
ajird-1537	55	23	rise	rise	NOUN
ajird-1537	55	24	as	as	ADP
ajird-1537	55	25	a	a	DET
ajird-1537	55	26	worldwide	worldwide	ADJ
ajird-1537	55	27	financial	financial	ADJ
ajird-1537	55	28	hub	hub	NOUN
ajird-1537	55	29	(	(	PUNCT
ajird-1537	55	30	new	new	PROPN
ajird-1537	55	31	york	york	PROPN
ajird-1537	55	32	stock	stock	PROPN
ajird-1537	55	33	exchange	exchange	PROPN
ajird-1537	55	34	,	,	PUNCT
ajird-1537	55	35	2023	2023	NUM
ajird-1537	55	36	)	)	PUNCT
ajird-1537	55	37	.	.	PUNCT
ajird-1537	56	1	during	during	ADP
ajird-1537	56	2	the	the	DET
ajird-1537	56	3	20th	20th	ADJ
ajird-1537	56	4	century	century	NOUN
ajird-1537	56	5	,	,	PUNCT
ajird-1537	56	6	new	new	PROPN
ajird-1537	56	7	york	york	PROPN
ajird-1537	56	8	's	's	PART
ajird-1537	56	9	financial	financial	ADJ
ajird-1537	56	10	industry	industry	NOUN
ajird-1537	56	11	had	have	VERB
ajird-1537	56	12	substantial	substantial	ADJ
ajird-1537	56	13	growth	growth	NOUN
ajird-1537	56	14	,	,	PUNCT
ajird-1537	56	15	bolstered	bolster	VERB
ajird-1537	56	16	by	by	ADP
ajird-1537	56	17	the	the	DET
ajird-1537	56	18	swift	swift	ADJ
ajird-1537	56	19	industrialisation	industrialisation	NOUN
ajird-1537	56	20	of	of	ADP
ajird-1537	56	21	the	the	DET
ajird-1537	56	22	u.s	u.s	PROPN
ajird-1537	56	23	.	.	PROPN
ajird-1537	56	24	economy	economy	NOUN
ajird-1537	56	25	,	,	PUNCT
ajird-1537	56	26	the	the	DET
ajird-1537	56	27	emergence	emergence	NOUN
ajird-1537	56	28	of	of	ADP
ajird-1537	56	29	prominent	prominent	ADJ
ajird-1537	56	30	firms	firm	NOUN
ajird-1537	56	31	,	,	PUNCT
ajird-1537	56	32	and	and	CCONJ
ajird-1537	56	33	the	the	DET
ajird-1537	56	34	increasing	increase	VERB
ajird-1537	56	35	demand	demand	NOUN
ajird-1537	56	36	for	for	ADP
ajird-1537	56	37	advanced	advanced	ADJ
ajird-1537	56	38	financial	financial	ADJ
ajird-1537	56	39	services	service	NOUN
ajird-1537	56	40	(	(	PUNCT
ajird-1537	56	41	financial	financial	ADJ
ajird-1537	56	42	times	time	NOUN
ajird-1537	56	43	,	,	PUNCT
ajird-1537	56	44	2023	2023	NUM
ajird-1537	56	45	)	)	PUNCT
ajird-1537	56	46	.	.	PUNCT
ajird-1537	57	1	the	the	DET
ajird-1537	57	2	financial	financial	ADJ
ajird-1537	57	3	markets	market	NOUN
ajird-1537	57	4	of	of	ADP
ajird-1537	57	5	the	the	DET
ajird-1537	57	6	city	city	NOUN
ajird-1537	57	7	,	,	PUNCT
ajird-1537	57	8	notably	notably	ADV
ajird-1537	57	9	the	the	DET
ajird-1537	57	10	nyse	nyse	PROPN
ajird-1537	57	11	and	and	CCONJ
ajird-1537	57	12	subsequently	subsequently	ADV
ajird-1537	57	13	the	the	DET
ajird-1537	57	14	nasdaq	nasdaq	NOUN
ajird-1537	57	15	,	,	PUNCT
ajird-1537	57	16	were	be	AUX
ajird-1537	57	17	pivotal	pivotal	ADJ
ajird-1537	57	18	for	for	ADP
ajird-1537	57	19	corporate	corporate	ADJ
ajird-1537	57	20	capital	capital	NOUN
ajird-1537	57	21	creation	creation	NOUN
ajird-1537	57	22	,	,	PUNCT
ajird-1537	57	23	facilitating	facilitate	VERB
ajird-1537	57	24	enterprises	enterprise	NOUN
ajird-1537	57	25	in	in	ADP
ajird-1537	57	26	securing	secure	VERB
ajird-1537	57	27	essential	essential	ADJ
ajird-1537	57	28	funding	funding	NOUN
ajird-1537	57	29	for	for	ADP
ajird-1537	57	30	development	development	NOUN
ajird-1537	57	31	and	and	CCONJ
ajird-1537	57	32	expansion	expansion	NOUN
ajird-1537	57	33	(	(	PUNCT
ajird-1537	57	34	new	new	PROPN
ajird-1537	57	35	york	york	PROPN
ajird-1537	57	36	stock	stock	PROPN
ajird-1537	57	37	exchange	exchange	PROPN
ajird-1537	57	38	,	,	PUNCT
ajird-1537	57	39	2023	2023	NUM
ajird-1537	57	40	)	)	PUNCT
ajird-1537	57	41	.	.	PUNCT
ajird-1537	58	1	the	the	DET
ajird-1537	58	2	financial	financial	ADJ
ajird-1537	58	3	sector	sector	NOUN
ajird-1537	58	4	's	's	PART
ajird-1537	58	5	supremacy	supremacy	NOUN
ajird-1537	58	6	was	be	AUX
ajird-1537	58	7	established	establish	VERB
ajird-1537	58	8	in	in	ADP
ajird-1537	58	9	the	the	DET
ajird-1537	58	10	post	post	ADJ
ajird-1537	58	11	-	-	ADJ
ajird-1537	58	12	world	world	ADJ
ajird-1537	58	13	war	war	PROPN
ajird-1537	58	14	ii	ii	PROPN
ajird-1537	58	15	era	era	NOUN
ajird-1537	58	16	,	,	PUNCT
ajird-1537	58	17	as	as	SCONJ
ajird-1537	58	18	the	the	DET
ajird-1537	58	19	u.s	u.s	PROPN
ajird-1537	58	20	.	.	PROPN
ajird-1537	58	21	ascended	ascend	VERB
ajird-1537	58	22	to	to	ADP
ajird-1537	58	23	the	the	DET
ajird-1537	58	24	position	position	NOUN
ajird-1537	58	25	of	of	ADP
ajird-1537	58	26	the	the	DET
ajird-1537	58	27	world	world	NOUN
ajird-1537	58	28	's	's	PART
ajird-1537	58	29	foremost	foremost	ADJ
ajird-1537	58	30	economic	economic	ADJ
ajird-1537	58	31	power	power	NOUN
ajird-1537	58	32	,	,	PUNCT
ajird-1537	58	33	with	with	ADP
ajird-1537	58	34	new	new	PROPN
ajird-1537	58	35	york	york	PROPN
ajird-1537	58	36	serving	serve	VERB
ajird-1537	58	37	as	as	ADP
ajird-1537	58	38	the	the	DET
ajird-1537	58	39	nucleus	nucleus	NOUN
ajird-1537	58	40	of	of	ADP
ajird-1537	58	41	global	global	ADJ
ajird-1537	58	42	finance	finance	NOUN
ajird-1537	58	43	.	.	PUNCT
ajird-1537	59	1	currently	currently	ADV
ajird-1537	59	2	,	,	PUNCT
ajird-1537	59	3	new	new	PROPN
ajird-1537	59	4	york	york	PROPN
ajird-1537	59	5	's	's	PART
ajird-1537	59	6	financial	financial	ADJ
ajird-1537	59	7	industry	industry	NOUN
ajird-1537	59	8	accounts	account	VERB
ajird-1537	59	9	for	for	ADP
ajird-1537	59	10	over	over	ADP
ajird-1537	59	11	10	10	NUM
ajird-1537	59	12	%	%	NOUN
ajird-1537	59	13	of	of	ADP
ajird-1537	59	14	the	the	DET
ajird-1537	59	15	city	city	NOUN
ajird-1537	59	16	's	's	PART
ajird-1537	59	17	gdp	gdp	NOUN
ajird-1537	59	18	,	,	PUNCT
ajird-1537	59	19	establishing	establish	VERB
ajird-1537	59	20	it	it	PRON
ajird-1537	59	21	as	as	ADP
ajird-1537	59	22	one	one	NUM
ajird-1537	59	23	of	of	ADP
ajird-1537	59	24	the	the	DET
ajird-1537	59	25	predominant	predominant	ADJ
ajird-1537	59	26	businesses	business	NOUN
ajird-1537	59	27	in	in	ADP
ajird-1537	59	28	the	the	DET
ajird-1537	59	29	area	area	NOUN
ajird-1537	59	30	(	(	PUNCT
ajird-1537	59	31	financial	financial	ADJ
ajird-1537	59	32	times	time	NOUN
ajird-1537	59	33	,	,	PUNCT
ajird-1537	59	34	2023	2023	NUM
ajird-1537	59	35	)	)	PUNCT
ajird-1537	59	36	.	.	PUNCT
ajird-1537	60	1	the	the	DET
ajird-1537	60	2	city	city	NOUN
ajird-1537	60	3	hosts	host	VERB
ajird-1537	60	4	an	an	DET
ajird-1537	60	5	extensive	extensive	ADJ
ajird-1537	60	6	array	array	NOUN
ajird-1537	60	7	of	of	ADP
ajird-1537	60	8	financial	financial	ADJ
ajird-1537	60	9	institutions	institution	NOUN
ajird-1537	60	10	,	,	PUNCT
ajird-1537	60	11	comprising	comprise	VERB
ajird-1537	60	12	investment	investment	NOUN
ajird-1537	60	13	banks	bank	NOUN
ajird-1537	60	14	,	,	PUNCT
ajird-1537	60	15	hedge	hedge	NOUN
ajird-1537	60	16	funds	fund	NOUN
ajird-1537	60	17	,	,	PUNCT
ajird-1537	60	18	private	private	ADJ
ajird-1537	60	19	equity	equity	NOUN
ajird-1537	60	20	firms	firm	NOUN
ajird-1537	60	21	,	,	PUNCT
ajird-1537	60	22	and	and	CCONJ
ajird-1537	60	23	insurance	insurance	NOUN
ajird-1537	60	24	organisations	organisation	NOUN
ajird-1537	60	25	.	.	PUNCT
ajird-1537	61	1	wall	wall	PROPN
ajird-1537	61	2	street	street	PROPN
ajird-1537	61	3	,	,	PUNCT
ajird-1537	61	4	the	the	DET
ajird-1537	61	5	emblematic	emblematic	ADJ
ajird-1537	61	6	financial	financial	ADJ
ajird-1537	61	7	district	district	NOUN
ajird-1537	61	8	,	,	PUNCT
ajird-1537	61	9	represents	represent	VERB
ajird-1537	61	10	new	new	PROPN
ajird-1537	61	11	york	york	PROPN
ajird-1537	61	12	's	's	PART
ajird-1537	61	13	international	international	ADJ
ajird-1537	61	14	financial	financial	ADJ
ajird-1537	61	15	influence	influence	NOUN
ajird-1537	61	16	.	.	PUNCT
ajird-1537	62	1	the	the	DET
ajird-1537	62	2	city	city	NOUN
ajird-1537	62	3	's	's	PART
ajird-1537	62	4	economy	economy	NOUN
ajird-1537	62	5	is	be	AUX
ajird-1537	62	6	propelled	propel	VERB
ajird-1537	62	7	by	by	ADP
ajird-1537	62	8	its	its	PRON
ajird-1537	62	9	financial	financial	ADJ
ajird-1537	62	10	markets	market	NOUN
ajird-1537	62	11	as	as	ADV
ajird-1537	62	12	well	well	ADV
ajird-1537	62	13	as	as	ADP
ajird-1537	62	14	its	its	PRON
ajird-1537	62	15	flourishing	flourish	VERB
ajird-1537	62	16	real	real	ADJ
ajird-1537	62	17	estate	estate	NOUN
ajird-1537	62	18	,	,	PUNCT
ajird-1537	62	19	media	medium	NOUN
ajird-1537	62	20	,	,	PUNCT
ajird-1537	62	21	and	and	CCONJ
ajird-1537	62	22	technology	technology	NOUN
ajird-1537	62	23	industries	industry	NOUN
ajird-1537	62	24	.	.	PUNCT
ajird-1537	63	1	the	the	DET
ajird-1537	63	2	legal	legal	ADJ
ajird-1537	63	3	and	and	CCONJ
ajird-1537	63	4	regulatory	regulatory	ADJ
ajird-1537	63	5	framework	framework	NOUN
ajird-1537	63	6	in	in	ADP
ajird-1537	63	7	new	new	PROPN
ajird-1537	63	8	york	york	PROPN
ajird-1537	63	9	is	be	AUX
ajird-1537	63	10	wellestablished	wellestablishe	VERB
ajird-1537	63	11	,	,	PUNCT
ajird-1537	63	12	with	with	ADP
ajird-1537	63	13	entities	entity	NOUN
ajird-1537	63	14	like	like	ADP
ajird-1537	63	15	the	the	DET
ajird-1537	63	16	securities	security	NOUN
ajird-1537	63	17	and	and	CCONJ
ajird-1537	63	18	exchange	exchange	PROPN
ajird-1537	63	19	commission	commission	PROPN
ajird-1537	63	20	(	(	PUNCT
ajird-1537	63	21	sec	sec	PROPN
ajird-1537	63	22	)	)	PUNCT
ajird-1537	63	23	and	and	CCONJ
ajird-1537	63	24	the	the	DET
ajird-1537	63	25	federal	federal	PROPN
ajird-1537	63	26	reserve	reserve	PROPN
ajird-1537	63	27	bank	bank	PROPN
ajird-1537	63	28	of	of	ADP
ajird-1537	63	29	new	new	PROPN
ajird-1537	63	30	york	york	PROPN
ajird-1537	63	31	significantly	significantly	ADV
ajird-1537	63	32	contributing	contribute	VERB
ajird-1537	63	33	to	to	ADP
ajird-1537	63	34	the	the	DET
ajird-1537	63	35	oversight	oversight	NOUN
ajird-1537	63	36	of	of	ADP
ajird-1537	63	37	financial	financial	ADJ
ajird-1537	63	38	operations	operation	NOUN
ajird-1537	63	39	and	and	CCONJ
ajird-1537	63	40	the	the	DET
ajird-1537	63	41	maintenance	maintenance	NOUN
ajird-1537	63	42	of	of	ADP
ajird-1537	63	43	financial	financial	ADJ
ajird-1537	63	44	stability	stability	NOUN
ajird-1537	63	45	(	(	PUNCT
ajird-1537	63	46	new	new	PROPN
ajird-1537	63	47	york	york	PROPN
ajird-1537	63	48	stock	stock	PROPN
ajird-1537	63	49	exchange	exchange	PROPN
ajird-1537	63	50	,	,	PUNCT
ajird-1537	63	51	2023	2023	NUM
ajird-1537	63	52	)	)	PUNCT
ajird-1537	63	53	.	.	PUNCT
ajird-1537	64	1	the	the	DET
ajird-1537	64	2	economic	economic	ADJ
ajird-1537	64	3	environment	environment	NOUN
ajird-1537	64	4	of	of	ADP
ajird-1537	64	5	new	new	PROPN
ajird-1537	64	6	york	york	PROPN
ajird-1537	64	7	has	have	AUX
ajird-1537	64	8	experienced	experience	VERB
ajird-1537	64	9	substantial	substantial	ADJ
ajird-1537	64	10	transformations	transformation	NOUN
ajird-1537	64	11	in	in	ADP
ajird-1537	64	12	recent	recent	ADJ
ajird-1537	64	13	decades	decade	NOUN
ajird-1537	64	14	,	,	PUNCT
ajird-1537	64	15	primarily	primarily	ADV
ajird-1537	64	16	due	due	ADP
ajird-1537	64	17	to	to	ADP
ajird-1537	64	18	globalisation	globalisation	NOUN
ajird-1537	64	19	,	,	PUNCT
ajird-1537	64	20	technology	technology	NOUN
ajird-1537	64	21	advancements	advancement	NOUN
ajird-1537	64	22	,	,	PUNCT
ajird-1537	64	23	and	and	CCONJ
ajird-1537	64	24	regulatory	regulatory	ADJ
ajird-1537	64	25	reforms	reform	NOUN
ajird-1537	64	26	.	.	PUNCT
ajird-1537	65	1	the	the	DET
ajird-1537	65	2	city	city	NOUN
ajird-1537	65	3	has	have	AUX
ajird-1537	65	4	adopted	adopt	VERB
ajird-1537	65	5	financial	financial	ADJ
ajird-1537	65	6	technology	technology	NOUN
ajird-1537	65	7	(	(	PUNCT
ajird-1537	65	8	fintech	fintech	NOUN
ajird-1537	65	9	)	)	PUNCT
ajird-1537	65	10	,	,	PUNCT
ajird-1537	65	11	becoming	become	VERB
ajird-1537	65	12	as	as	ADP
ajird-1537	65	13	a	a	DET
ajird-1537	65	14	premier	premier	ADJ
ajird-1537	65	15	hub	hub	NOUN
ajird-1537	65	16	for	for	ADP
ajird-1537	65	17	innovation	innovation	NOUN
ajird-1537	65	18	in	in	ADP
ajird-1537	65	19	this	this	DET
ajird-1537	65	20	domain	domain	NOUN
ajird-1537	65	21	,	,	PUNCT
ajird-1537	65	22	with	with	ADP
ajird-1537	65	23	advancements	advancement	NOUN
ajird-1537	65	24	such	such	ADJ
ajird-1537	65	25	as	as	ADP
ajird-1537	65	26	blockchain	blockchain	NOUN
ajird-1537	65	27	,	,	PUNCT
ajird-1537	65	28	digital	digital	ADJ
ajird-1537	65	29	currencies	currency	NOUN
ajird-1537	65	30	,	,	PUNCT
ajird-1537	65	31	and	and	CCONJ
ajird-1537	65	32	algorithmic	algorithmic	ADJ
ajird-1537	65	33	trading	trading	NOUN
ajird-1537	65	34	transforming	transform	VERB
ajird-1537	65	35	the	the	DET
ajird-1537	65	36	financial	financial	ADJ
ajird-1537	65	37	industry	industry	NOUN
ajird-1537	65	38	.	.	PUNCT
ajird-1537	66	1	the	the	DET
ajird-1537	66	2	ongoing	ongoing	ADJ
ajird-1537	66	3	integration	integration	NOUN
ajird-1537	66	4	of	of	ADP
ajird-1537	66	5	global	global	ADJ
ajird-1537	66	6	markets	market	NOUN
ajird-1537	66	7	has	have	AUX
ajird-1537	66	8	solidified	solidify	VERB
ajird-1537	66	9	new	new	PROPN
ajird-1537	66	10	york	york	PROPN
ajird-1537	66	11	's	's	PART
ajird-1537	66	12	status	status	NOUN
ajird-1537	66	13	as	as	ADP
ajird-1537	66	14	a	a	DET
ajird-1537	66	15	pivotal	pivotal	ADJ
ajird-1537	66	16	hub	hub	NOUN
ajird-1537	66	17	in	in	ADP
ajird-1537	66	18	the	the	DET
ajird-1537	66	19	worldwide	worldwide	ADJ
ajird-1537	66	20	financial	financial	ADJ
ajird-1537	66	21	american	american	ADJ
ajird-1537	66	22	journal	journal	PROPN
ajird-1537	66	23	of	of	ADP
ajird-1537	66	24	interdisciplinary	interdisciplinary	ADJ
ajird-1537	66	25	research	research	NOUN
ajird-1537	66	26	and	and	CCONJ
ajird-1537	66	27	development	development	NOUN
ajird-1537	66	28	issn	issn	PROPN
ajird-1537	66	29	online	online	NOUN
ajird-1537	66	30	:	:	PUNCT
ajird-1537	66	31	2771	2771	NUM
ajird-1537	66	32	-	-	SYM
ajird-1537	66	33	8948	8948	NUM
ajird-1537	66	34	website	website	NOUN
ajird-1537	66	35	:	:	PUNCT
ajird-1537	66	36	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	66	37	volume	volume	NOUN
ajird-1537	66	38	39	39	NUM
ajird-1537	66	39	,	,	PUNCT
ajird-1537	66	40	april	april	PROPN
ajird-1537	66	41	2025	2025	NUM
ajird-1537	66	42	65	65	NUM
ajird-1537	67	1	|	|	ADV
ajird-1537	67	2	p	p	X
ajird-1537	67	3	a	a	DET
ajird-1537	67	4	g	g	NOUN
ajird-1537	67	5	e	e	NOUN
ajird-1537	67	6	system	system	NOUN
ajird-1537	67	7	,	,	PUNCT
ajird-1537	67	8	with	with	ADP
ajird-1537	67	9	foreign	foreign	ADJ
ajird-1537	67	10	capital	capital	NOUN
ajird-1537	67	11	consistently	consistently	ADV
ajird-1537	67	12	transiting	transit	VERB
ajird-1537	67	13	its	its	PRON
ajird-1537	67	14	exchanges	exchange	NOUN
ajird-1537	67	15	(	(	PUNCT
ajird-1537	67	16	new	new	PROPN
ajird-1537	67	17	york	york	PROPN
ajird-1537	67	18	stock	stock	PROPN
ajird-1537	67	19	exchange	exchange	PROPN
ajird-1537	67	20	,	,	PUNCT
ajird-1537	67	21	2023	2023	NUM
ajird-1537	67	22	)	)	PUNCT
ajird-1537	67	23	.	.	PUNCT
ajird-1537	68	1	london	london	PROPN
ajird-1537	68	2	london	london	PROPN
ajird-1537	68	3	,	,	PUNCT
ajird-1537	68	4	one	one	NUM
ajird-1537	68	5	of	of	ADP
ajird-1537	68	6	the	the	DET
ajird-1537	68	7	most	most	ADV
ajird-1537	68	8	ancient	ancient	ADJ
ajird-1537	68	9	financial	financial	ADJ
ajird-1537	68	10	hubs	hub	NOUN
ajird-1537	68	11	globally	globally	ADV
ajird-1537	68	12	,	,	PUNCT
ajird-1537	68	13	has	have	AUX
ajird-1537	68	14	always	always	ADV
ajird-1537	68	15	been	be	AUX
ajird-1537	68	16	essential	essential	ADJ
ajird-1537	68	17	to	to	ADP
ajird-1537	68	18	international	international	ADJ
ajird-1537	68	19	finance	finance	NOUN
ajird-1537	68	20	.	.	PUNCT
ajird-1537	69	1	the	the	DET
ajird-1537	69	2	uk	uk	PROPN
ajird-1537	69	3	’s	’s	PART
ajird-1537	69	4	economy	economy	NOUN
ajird-1537	69	5	,	,	PUNCT
ajird-1537	69	6	with	with	ADP
ajird-1537	69	7	a	a	DET
ajird-1537	69	8	gdp	gdp	NOUN
ajird-1537	69	9	of	of	ADP
ajird-1537	69	10	around	around	ADV
ajird-1537	69	11	$	$	SYM
ajird-1537	69	12	3.2	3.2	NUM
ajird-1537	69	13	trillion	trillion	NUM
ajird-1537	69	14	,	,	PUNCT
ajird-1537	69	15	ranks	rank	VERB
ajird-1537	69	16	among	among	ADP
ajird-1537	69	17	the	the	DET
ajird-1537	69	18	largest	large	ADJ
ajird-1537	69	19	in	in	ADP
ajird-1537	69	20	europe	europe	PROPN
ajird-1537	69	21	and	and	CCONJ
ajird-1537	69	22	is	be	AUX
ajird-1537	69	23	the	the	DET
ajird-1537	69	24	sixth	sixth	ADV
ajird-1537	69	25	-	-	PUNCT
ajird-1537	69	26	largest	large	ADJ
ajird-1537	69	27	worldwide	worldwide	NOUN
ajird-1537	69	28	(	(	PUNCT
ajird-1537	69	29	bank	bank	NOUN
ajird-1537	69	30	of	of	ADP
ajird-1537	69	31	england	england	PROPN
ajird-1537	69	32	,	,	PUNCT
ajird-1537	69	33	2023	2023	NUM
ajird-1537	69	34	)	)	PUNCT
ajird-1537	69	35	.	.	PUNCT
ajird-1537	70	1	london	london	PROPN
ajird-1537	70	2	's	's	PART
ajird-1537	70	3	status	status	NOUN
ajird-1537	70	4	as	as	ADP
ajird-1537	70	5	a	a	DET
ajird-1537	70	6	financial	financial	ADJ
ajird-1537	70	7	centre	centre	NOUN
ajird-1537	70	8	originated	originate	VERB
ajird-1537	70	9	in	in	ADP
ajird-1537	70	10	the	the	DET
ajird-1537	70	11	17th	17th	ADJ
ajird-1537	70	12	century	century	NOUN
ajird-1537	70	13	,	,	PUNCT
ajird-1537	70	14	when	when	SCONJ
ajird-1537	70	15	the	the	DET
ajird-1537	70	16	city	city	NOUN
ajird-1537	70	17	became	become	VERB
ajird-1537	70	18	a	a	DET
ajird-1537	70	19	focal	focal	ADJ
ajird-1537	70	20	point	point	NOUN
ajird-1537	70	21	for	for	ADP
ajird-1537	70	22	international	international	ADJ
ajird-1537	70	23	commerce	commerce	PROPN
ajird-1537	70	24	and	and	CCONJ
ajird-1537	70	25	finance	finance	NOUN
ajird-1537	70	26	.	.	PUNCT
ajird-1537	71	1	the	the	DET
ajird-1537	71	2	creation	creation	NOUN
ajird-1537	71	3	of	of	ADP
ajird-1537	71	4	organisations	organisation	NOUN
ajird-1537	71	5	like	like	ADP
ajird-1537	71	6	the	the	DET
ajird-1537	71	7	bank	bank	NOUN
ajird-1537	71	8	of	of	ADP
ajird-1537	71	9	england	england	PROPN
ajird-1537	71	10	(	(	PUNCT
ajird-1537	71	11	1694	1694	NUM
ajird-1537	71	12	)	)	PUNCT
ajird-1537	71	13	and	and	CCONJ
ajird-1537	71	14	the	the	DET
ajird-1537	71	15	london	london	PROPN
ajird-1537	71	16	stock	stock	PROPN
ajird-1537	71	17	exchange	exchange	PROPN
ajird-1537	71	18	(	(	PUNCT
ajird-1537	71	19	1801	1801	NUM
ajird-1537	71	20	)	)	PUNCT
ajird-1537	71	21	established	establish	VERB
ajird-1537	71	22	the	the	DET
ajird-1537	71	23	framework	framework	NOUN
ajird-1537	71	24	for	for	ADP
ajird-1537	71	25	london	london	PROPN
ajird-1537	71	26	’s	’s	PART
ajird-1537	71	27	financial	financial	ADJ
ajird-1537	71	28	infrastructure	infrastructure	NOUN
ajird-1537	71	29	,	,	PUNCT
ajird-1537	71	30	which	which	PRON
ajird-1537	71	31	has	have	AUX
ajird-1537	71	32	remained	remain	VERB
ajird-1537	71	33	essential	essential	ADJ
ajird-1537	71	34	to	to	ADP
ajird-1537	71	35	the	the	DET
ajird-1537	71	36	city	city	NOUN
ajird-1537	71	37	’s	’s	PART
ajird-1537	71	38	economy	economy	NOUN
ajird-1537	71	39	thereafter	thereafter	ADV
ajird-1537	71	40	(	(	PUNCT
ajird-1537	71	41	bank	bank	NOUN
ajird-1537	71	42	of	of	ADP
ajird-1537	71	43	england	england	PROPN
ajird-1537	71	44	,	,	PUNCT
ajird-1537	71	45	2023	2023	NUM
ajird-1537	71	46	)	)	PUNCT
ajird-1537	71	47	.	.	PUNCT
ajird-1537	72	1	at	at	ADP
ajird-1537	72	2	the	the	DET
ajird-1537	72	3	zenith	zenith	NOUN
ajird-1537	72	4	of	of	ADP
ajird-1537	72	5	the	the	DET
ajird-1537	72	6	british	british	ADJ
ajird-1537	72	7	empire	empire	NOUN
ajird-1537	72	8	,	,	PUNCT
ajird-1537	72	9	london	london	PROPN
ajird-1537	72	10	served	serve	VERB
ajird-1537	72	11	as	as	ADP
ajird-1537	72	12	the	the	DET
ajird-1537	72	13	preeminent	preeminent	ADJ
ajird-1537	72	14	global	global	ADJ
ajird-1537	72	15	financial	financial	PROPN
ajird-1537	72	16	hub	hub	NOUN
ajird-1537	72	17	,	,	PUNCT
ajird-1537	72	18	enabling	enable	VERB
ajird-1537	72	19	commerce	commerce	NOUN
ajird-1537	72	20	and	and	CCONJ
ajird-1537	72	21	investment	investment	NOUN
ajird-1537	72	22	throughout	throughout	ADP
ajird-1537	72	23	the	the	DET
ajird-1537	72	24	empire	empire	NOUN
ajird-1537	72	25	's	's	PART
ajird-1537	72	26	extensive	extensive	ADJ
ajird-1537	72	27	domains	domain	NOUN
ajird-1537	72	28	.	.	PUNCT
ajird-1537	73	1	the	the	DET
ajird-1537	73	2	city	city	NOUN
ajird-1537	73	3	's	's	PART
ajird-1537	73	4	supremacy	supremacy	NOUN
ajird-1537	73	5	in	in	ADP
ajird-1537	73	6	global	global	ADJ
ajird-1537	73	7	finance	finance	NOUN
ajird-1537	73	8	was	be	AUX
ajird-1537	73	9	bolstered	bolster	VERB
ajird-1537	73	10	by	by	ADP
ajird-1537	73	11	its	its	PRON
ajird-1537	73	12	extensive	extensive	ADJ
ajird-1537	73	13	capital	capital	NOUN
ajird-1537	73	14	markets	market	NOUN
ajird-1537	73	15	,	,	PUNCT
ajird-1537	73	16	refined	refined	ADJ
ajird-1537	73	17	banking	banking	NOUN
ajird-1537	73	18	system	system	NOUN
ajird-1537	73	19	,	,	PUNCT
ajird-1537	73	20	and	and	CCONJ
ajird-1537	73	21	modern	modern	ADJ
ajird-1537	73	22	legal	legal	ADJ
ajird-1537	73	23	and	and	CCONJ
ajird-1537	73	24	regulatory	regulatory	ADJ
ajird-1537	73	25	structures	structure	NOUN
ajird-1537	73	26	(	(	PUNCT
ajird-1537	73	27	financial	financial	ADJ
ajird-1537	73	28	conduct	conduct	NOUN
ajird-1537	73	29	authority	authority	NOUN
ajird-1537	73	30	,	,	PUNCT
ajird-1537	73	31	2023	2023	NUM
ajird-1537	73	32	)	)	PUNCT
ajird-1537	73	33	.	.	PUNCT
ajird-1537	74	1	despite	despite	SCONJ
ajird-1537	74	2	the	the	DET
ajird-1537	74	3	empire	empire	NOUN
ajird-1537	74	4	's	's	PART
ajird-1537	74	5	demise	demise	NOUN
ajird-1537	74	6	in	in	ADP
ajird-1537	74	7	the	the	DET
ajird-1537	74	8	20th	20th	ADJ
ajird-1537	74	9	century	century	NOUN
ajird-1537	74	10	,	,	PUNCT
ajird-1537	74	11	london	london	PROPN
ajird-1537	74	12	sustained	sustain	VERB
ajird-1537	74	13	its	its	PRON
ajird-1537	74	14	position	position	NOUN
ajird-1537	74	15	as	as	ADP
ajird-1537	74	16	a	a	DET
ajird-1537	74	17	premier	premier	ADJ
ajird-1537	74	18	financial	financial	ADJ
ajird-1537	74	19	hub	hub	NOUN
ajird-1537	74	20	,	,	PUNCT
ajird-1537	74	21	adapting	adapt	VERB
ajird-1537	74	22	to	to	ADP
ajird-1537	74	23	the	the	DET
ajird-1537	74	24	demands	demand	NOUN
ajird-1537	74	25	of	of	ADP
ajird-1537	74	26	a	a	DET
ajird-1537	74	27	transforming	transform	VERB
ajird-1537	74	28	global	global	ADJ
ajird-1537	74	29	economy	economy	NOUN
ajird-1537	74	30	.	.	PUNCT
ajird-1537	75	1	the	the	DET
ajird-1537	75	2	city	city	NOUN
ajird-1537	75	3	's	's	PART
ajird-1537	75	4	financial	financial	ADJ
ajird-1537	75	5	markets	market	NOUN
ajird-1537	75	6	have	have	AUX
ajird-1537	75	7	become	become	VERB
ajird-1537	75	8	more	more	ADV
ajird-1537	75	9	worldwide	worldwide	ADV
ajird-1537	75	10	,	,	PUNCT
ajird-1537	75	11	drawing	draw	VERB
ajird-1537	75	12	investors	investor	NOUN
ajird-1537	75	13	and	and	CCONJ
ajird-1537	75	14	enterprises	enterprise	NOUN
ajird-1537	75	15	from	from	ADP
ajird-1537	75	16	throughout	throughout	ADP
ajird-1537	75	17	the	the	DET
ajird-1537	75	18	world	world	NOUN
ajird-1537	75	19	(	(	PUNCT
ajird-1537	75	20	bank	bank	PROPN
ajird-1537	75	21	of	of	ADP
ajird-1537	75	22	england	england	PROPN
ajird-1537	75	23	,	,	PUNCT
ajird-1537	75	24	2023	2023	NUM
ajird-1537	75	25	)	)	PUNCT
ajird-1537	75	26	.	.	PUNCT
ajird-1537	76	1	in	in	ADP
ajird-1537	76	2	recent	recent	ADJ
ajird-1537	76	3	decades	decade	NOUN
ajird-1537	76	4	,	,	PUNCT
ajird-1537	76	5	london	london	PROPN
ajird-1537	76	6	’s	’s	PART
ajird-1537	76	7	economy	economy	NOUN
ajird-1537	76	8	has	have	AUX
ajird-1537	76	9	flourished	flourish	VERB
ajird-1537	76	10	,	,	PUNCT
ajird-1537	76	11	with	with	ADP
ajird-1537	76	12	the	the	DET
ajird-1537	76	13	financial	financial	ADJ
ajird-1537	76	14	services	service	NOUN
ajird-1537	76	15	industry	industry	NOUN
ajird-1537	76	16	serving	serve	VERB
ajird-1537	76	17	as	as	ADP
ajird-1537	76	18	a	a	DET
ajird-1537	76	19	major	major	ADJ
ajird-1537	76	20	contributor	contributor	NOUN
ajird-1537	76	21	.	.	PUNCT
ajird-1537	77	1	the	the	DET
ajird-1537	77	2	city	city	NOUN
ajird-1537	77	3	of	of	ADP
ajird-1537	77	4	london	london	PROPN
ajird-1537	77	5	,	,	PUNCT
ajird-1537	77	6	a	a	DET
ajird-1537	77	7	historic	historic	ADJ
ajird-1537	77	8	financial	financial	ADJ
ajird-1537	77	9	area	area	NOUN
ajird-1537	77	10	,	,	PUNCT
ajird-1537	77	11	continues	continue	VERB
ajird-1537	77	12	to	to	PART
ajird-1537	77	13	serve	serve	VERB
ajird-1537	77	14	as	as	ADP
ajird-1537	77	15	a	a	DET
ajird-1537	77	16	global	global	ADJ
ajird-1537	77	17	hub	hub	NOUN
ajird-1537	77	18	for	for	ADP
ajird-1537	77	19	banking	banking	NOUN
ajird-1537	77	20	,	,	PUNCT
ajird-1537	77	21	insurance	insurance	NOUN
ajird-1537	77	22	,	,	PUNCT
ajird-1537	77	23	and	and	CCONJ
ajird-1537	77	24	asset	asset	NOUN
ajird-1537	77	25	management	management	NOUN
ajird-1537	77	26	.	.	PUNCT
ajird-1537	78	1	london	london	PROPN
ajird-1537	78	2	's	's	PART
ajird-1537	78	3	foreign	foreign	ADJ
ajird-1537	78	4	exchange	exchange	NOUN
ajird-1537	78	5	market	market	NOUN
ajird-1537	78	6	is	be	AUX
ajird-1537	78	7	the	the	DET
ajird-1537	78	8	largest	large	ADJ
ajird-1537	78	9	globally	globally	ADV
ajird-1537	78	10	,	,	PUNCT
ajird-1537	78	11	accounting	account	VERB
ajird-1537	78	12	for	for	ADP
ajird-1537	78	13	around	around	ADV
ajird-1537	78	14	37	37	NUM
ajird-1537	78	15	%	%	NOUN
ajird-1537	78	16	of	of	ADP
ajird-1537	78	17	worldwide	worldwide	ADJ
ajird-1537	78	18	fx	fx	NOUN
ajird-1537	78	19	activity	activity	NOUN
ajird-1537	78	20	(	(	PUNCT
ajird-1537	78	21	london	london	PROPN
ajird-1537	78	22	stock	stock	PROPN
ajird-1537	78	23	exchange	exchange	PROPN
ajird-1537	78	24	group	group	NOUN
ajird-1537	78	25	,	,	PUNCT
ajird-1537	78	26	2023	2023	NUM
ajird-1537	78	27	)	)	PUNCT
ajird-1537	78	28	.	.	PUNCT
ajird-1537	79	1	the	the	DET
ajird-1537	79	2	city	city	NOUN
ajird-1537	79	3	is	be	AUX
ajird-1537	79	4	a	a	DET
ajird-1537	79	5	significant	significant	ADJ
ajird-1537	79	6	participant	participant	NOUN
ajird-1537	79	7	in	in	ADP
ajird-1537	79	8	the	the	DET
ajird-1537	79	9	bond	bond	NOUN
ajird-1537	79	10	markets	market	NOUN
ajird-1537	79	11	,	,	PUNCT
ajird-1537	79	12	including	include	VERB
ajird-1537	79	13	a	a	DET
ajird-1537	79	14	highly	highly	ADV
ajird-1537	79	15	liquid	liquid	ADJ
ajird-1537	79	16	market	market	NOUN
ajird-1537	79	17	for	for	ADP
ajird-1537	79	18	government	government	NOUN
ajird-1537	79	19	and	and	CCONJ
ajird-1537	79	20	corporate	corporate	ADJ
ajird-1537	79	21	debt	debt	NOUN
ajird-1537	79	22	.	.	PUNCT
ajird-1537	80	1	nonetheless	nonetheless	ADV
ajird-1537	80	2	,	,	PUNCT
ajird-1537	80	3	london	london	PROPN
ajird-1537	80	4	’s	’s	PART
ajird-1537	80	5	financial	financial	ADJ
ajird-1537	80	6	sector	sector	NOUN
ajird-1537	80	7	has	have	AUX
ajird-1537	80	8	seen	see	VERB
ajird-1537	80	9	difficulties	difficulty	NOUN
ajird-1537	80	10	in	in	ADP
ajird-1537	80	11	recent	recent	ADJ
ajird-1537	80	12	years	year	NOUN
ajird-1537	80	13	,	,	PUNCT
ajird-1537	80	14	especially	especially	ADV
ajird-1537	80	15	following	follow	VERB
ajird-1537	80	16	the	the	DET
ajird-1537	80	17	united	united	PROPN
ajird-1537	80	18	kingdom	kingdom	PROPN
ajird-1537	80	19	’s	’s	PART
ajird-1537	80	20	decision	decision	NOUN
ajird-1537	80	21	to	to	PART
ajird-1537	80	22	depart	depart	VERB
ajird-1537	80	23	the	the	DET
ajird-1537	80	24	european	european	PROPN
ajird-1537	80	25	union	union	PROPN
ajird-1537	80	26	(	(	PUNCT
ajird-1537	80	27	brexit	brexit	NOUN
ajird-1537	80	28	)	)	PUNCT
ajird-1537	80	29	.	.	PUNCT
ajird-1537	81	1	brexit	brexit	PROPN
ajird-1537	81	2	has	have	AUX
ajird-1537	81	3	generated	generate	VERB
ajird-1537	81	4	doubt	doubt	NOUN
ajird-1537	81	5	about	about	ADP
ajird-1537	81	6	london	london	PROPN
ajird-1537	81	7	's	's	PART
ajird-1537	81	8	status	status	NOUN
ajird-1537	81	9	as	as	ADP
ajird-1537	81	10	a	a	DET
ajird-1537	81	11	premier	premier	ADJ
ajird-1537	81	12	financial	financial	ADJ
ajird-1537	81	13	centre	centre	NOUN
ajird-1537	81	14	,	,	PUNCT
ajird-1537	81	15	raising	raise	VERB
ajird-1537	81	16	fears	fear	NOUN
ajird-1537	81	17	over	over	ADP
ajird-1537	81	18	probable	probable	ADJ
ajird-1537	81	19	loss	loss	NOUN
ajird-1537	81	20	of	of	ADP
ajird-1537	81	21	access	access	NOUN
ajird-1537	81	22	to	to	ADP
ajird-1537	81	23	european	european	ADJ
ajird-1537	81	24	markets	market	NOUN
ajird-1537	81	25	and	and	CCONJ
ajird-1537	81	26	the	the	DET
ajird-1537	81	27	migration	migration	NOUN
ajird-1537	81	28	of	of	ADP
ajird-1537	81	29	financial	financial	ADJ
ajird-1537	81	30	institutions	institution	NOUN
ajird-1537	81	31	to	to	ADP
ajird-1537	81	32	other	other	ADJ
ajird-1537	81	33	european	european	ADJ
ajird-1537	81	34	cities	city	NOUN
ajird-1537	81	35	(	(	PUNCT
ajird-1537	81	36	london	london	PROPN
ajird-1537	81	37	stock	stock	PROPN
ajird-1537	81	38	exchange	exchange	PROPN
ajird-1537	81	39	group	group	NOUN
ajird-1537	81	40	,	,	PUNCT
ajird-1537	81	41	2023	2023	NUM
ajird-1537	81	42	)	)	PUNCT
ajird-1537	81	43	.	.	PUNCT
ajird-1537	82	1	notwithstanding	notwithstanding	ADP
ajird-1537	82	2	these	these	DET
ajird-1537	82	3	problems	problem	NOUN
ajird-1537	82	4	,	,	PUNCT
ajird-1537	82	5	london	london	PROPN
ajird-1537	82	6	has	have	AUX
ajird-1537	82	7	demonstrated	demonstrate	VERB
ajird-1537	82	8	resilience	resilience	NOUN
ajird-1537	82	9	,	,	PUNCT
ajird-1537	82	10	persistently	persistently	ADV
ajird-1537	82	11	attracting	attract	VERB
ajird-1537	82	12	investment	investment	NOUN
ajird-1537	82	13	and	and	CCONJ
ajird-1537	82	14	upholding	uphold	VERB
ajird-1537	82	15	its	its	PRON
ajird-1537	82	16	position	position	NOUN
ajird-1537	82	17	as	as	ADP
ajird-1537	82	18	a	a	DET
ajird-1537	82	19	premier	premier	ADJ
ajird-1537	82	20	hub	hub	NOUN
ajird-1537	82	21	for	for	ADP
ajird-1537	82	22	financial	financial	ADJ
ajird-1537	82	23	innovation	innovation	NOUN
ajird-1537	82	24	.	.	PUNCT
ajird-1537	83	1	the	the	DET
ajird-1537	83	2	economy	economy	NOUN
ajird-1537	83	3	of	of	ADP
ajird-1537	83	4	london	london	PROPN
ajird-1537	83	5	is	be	AUX
ajird-1537	83	6	bolstered	bolster	VERB
ajird-1537	83	7	by	by	ADP
ajird-1537	83	8	a	a	DET
ajird-1537	83	9	proficient	proficient	ADJ
ajird-1537	83	10	workforce	workforce	NOUN
ajird-1537	83	11	,	,	PUNCT
ajird-1537	83	12	exceptional	exceptional	ADJ
ajird-1537	83	13	infrastructure	infrastructure	NOUN
ajird-1537	83	14	,	,	PUNCT
ajird-1537	83	15	and	and	CCONJ
ajird-1537	83	16	a	a	DET
ajird-1537	83	17	strong	strong	ADJ
ajird-1537	83	18	regulatory	regulatory	ADJ
ajird-1537	83	19	framework	framework	NOUN
ajird-1537	83	20	.	.	PUNCT
ajird-1537	84	1	the	the	DET
ajird-1537	84	2	city	city	NOUN
ajird-1537	84	3	's	's	PART
ajird-1537	84	4	time	time	NOUN
ajird-1537	84	5	zone	zone	NOUN
ajird-1537	84	6	,	,	PUNCT
ajird-1537	84	7	coinciding	coincide	VERB
ajird-1537	84	8	with	with	ADP
ajird-1537	84	9	both	both	CCONJ
ajird-1537	84	10	asian	asian	ADJ
ajird-1537	84	11	and	and	CCONJ
ajird-1537	84	12	north	north	ADJ
ajird-1537	84	13	american	american	ADJ
ajird-1537	84	14	trading	trading	NOUN
ajird-1537	84	15	hours	hour	NOUN
ajird-1537	84	16	,	,	PUNCT
ajird-1537	84	17	provides	provide	VERB
ajird-1537	84	18	a	a	DET
ajird-1537	84	19	distinct	distinct	ADJ
ajird-1537	84	20	edge	edge	NOUN
ajird-1537	84	21	in	in	ADP
ajird-1537	84	22	worldwide	worldwide	ADJ
ajird-1537	84	23	financial	financial	ADJ
ajird-1537	84	24	operations	operation	NOUN
ajird-1537	84	25	.	.	PUNCT
ajird-1537	85	1	moreover	moreover	ADV
ajird-1537	85	2	,	,	PUNCT
ajird-1537	85	3	london	london	PROPN
ajird-1537	85	4	’s	’s	PART
ajird-1537	85	5	legal	legal	ADJ
ajird-1537	85	6	framework	framework	NOUN
ajird-1537	85	7	,	,	PUNCT
ajird-1537	85	8	rooted	root	VERB
ajird-1537	85	9	in	in	ADP
ajird-1537	85	10	common	common	ADJ
ajird-1537	85	11	law	law	NOUN
ajird-1537	85	12	,	,	PUNCT
ajird-1537	85	13	is	be	AUX
ajird-1537	85	14	regarded	regard	VERB
ajird-1537	85	15	as	as	ADP
ajird-1537	85	16	one	one	NUM
ajird-1537	85	17	of	of	ADP
ajird-1537	85	18	the	the	DET
ajird-1537	85	19	most	most	ADV
ajird-1537	85	20	transparent	transparent	ADJ
ajird-1537	85	21	and	and	CCONJ
ajird-1537	85	22	conducive	conducive	ADJ
ajird-1537	85	23	to	to	ADP
ajird-1537	85	24	investment	investment	NOUN
ajird-1537	85	25	globally	globally	ADV
ajird-1537	85	26	,	,	PUNCT
ajird-1537	85	27	hence	hence	ADV
ajird-1537	85	28	augmenting	augment	VERB
ajird-1537	85	29	its	its	PRON
ajird-1537	85	30	appeal	appeal	NOUN
ajird-1537	85	31	as	as	ADP
ajird-1537	85	32	a	a	DET
ajird-1537	85	33	premier	premier	ADJ
ajird-1537	85	34	financial	financial	ADJ
ajird-1537	85	35	centre	centre	NOUN
ajird-1537	85	36	(	(	PUNCT
ajird-1537	85	37	financial	financial	ADJ
ajird-1537	85	38	conduct	conduct	NOUN
ajird-1537	85	39	authority	authority	NOUN
ajird-1537	85	40	,	,	PUNCT
ajird-1537	85	41	2023	2023	NUM
ajird-1537	85	42	)	)	PUNCT
ajird-1537	85	43	.	.	PUNCT
ajird-1537	86	1	american	american	PROPN
ajird-1537	86	2	journal	journal	PROPN
ajird-1537	86	3	of	of	ADP
ajird-1537	86	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	86	5	research	research	NOUN
ajird-1537	86	6	and	and	CCONJ
ajird-1537	86	7	development	development	NOUN
ajird-1537	86	8	issn	issn	PROPN
ajird-1537	86	9	online	online	NOUN
ajird-1537	86	10	:	:	PUNCT
ajird-1537	86	11	2771	2771	NUM
ajird-1537	86	12	-	-	SYM
ajird-1537	86	13	8948	8948	NUM
ajird-1537	86	14	website	website	NOUN
ajird-1537	86	15	:	:	PUNCT
ajird-1537	86	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	86	17	volume	volume	NOUN
ajird-1537	86	18	39	39	NUM
ajird-1537	86	19	,	,	PUNCT
ajird-1537	86	20	april	april	PROPN
ajird-1537	86	21	2025	2025	NUM
ajird-1537	86	22	66	66	NUM
ajird-1537	87	1	|	|	ADV
ajird-1537	87	2	p	p	NOUN
ajird-1537	87	3	a	a	DET
ajird-1537	87	4	g	g	NOUN
ajird-1537	87	5	e	e	PROPN
ajird-1537	87	6	tokyo	tokyo	PROPN
ajird-1537	87	7	tokyo	tokyo	PROPN
ajird-1537	87	8	,	,	PUNCT
ajird-1537	87	9	the	the	DET
ajird-1537	87	10	capital	capital	NOUN
ajird-1537	87	11	of	of	ADP
ajird-1537	87	12	japan	japan	PROPN
ajird-1537	87	13	and	and	CCONJ
ajird-1537	87	14	one	one	NUM
ajird-1537	87	15	of	of	ADP
ajird-1537	87	16	the	the	DET
ajird-1537	87	17	world	world	NOUN
ajird-1537	87	18	's	's	PART
ajird-1537	87	19	major	major	ADJ
ajird-1537	87	20	cities	city	NOUN
ajird-1537	87	21	,	,	PUNCT
ajird-1537	87	22	serves	serve	VERB
ajird-1537	87	23	as	as	ADP
ajird-1537	87	24	the	the	DET
ajird-1537	87	25	hub	hub	NOUN
ajird-1537	87	26	of	of	ADP
ajird-1537	87	27	the	the	DET
ajird-1537	87	28	third	third	ADV
ajird-1537	87	29	-	-	PUNCT
ajird-1537	87	30	largest	large	ADJ
ajird-1537	87	31	global	global	ADJ
ajird-1537	87	32	economy	economy	NOUN
ajird-1537	87	33	,	,	PUNCT
ajird-1537	87	34	with	with	SCONJ
ajird-1537	87	35	japan	japan	PROPN
ajird-1537	87	36	's	's	PART
ajird-1537	87	37	gdp	gdp	NOUN
ajird-1537	87	38	estimated	estimate	VERB
ajird-1537	87	39	at	at	ADP
ajird-1537	87	40	roughly	roughly	ADV
ajird-1537	87	41	$	$	SYM
ajird-1537	87	42	4.9	4.9	NUM
ajird-1537	87	43	trillion	trillion	NUM
ajird-1537	87	44	(	(	PUNCT
ajird-1537	87	45	financial	financial	ADJ
ajird-1537	87	46	services	service	NOUN
ajird-1537	87	47	agency	agency	NOUN
ajird-1537	87	48	,	,	PUNCT
ajird-1537	87	49	2023	2023	NUM
ajird-1537	87	50	)	)	PUNCT
ajird-1537	87	51	.	.	PUNCT
ajird-1537	88	1	tokyo	tokyo	PROPN
ajird-1537	88	2	's	's	PART
ajird-1537	88	3	rise	rise	NOUN
ajird-1537	88	4	as	as	ADP
ajird-1537	88	5	a	a	DET
ajird-1537	88	6	financial	financial	ADJ
ajird-1537	88	7	hub	hub	NOUN
ajird-1537	88	8	started	start	VERB
ajird-1537	88	9	in	in	ADP
ajird-1537	88	10	the	the	DET
ajird-1537	88	11	post	post	ADJ
ajird-1537	88	12	-	-	ADJ
ajird-1537	88	13	war	war	ADJ
ajird-1537	88	14	era	era	NOUN
ajird-1537	88	15	,	,	PUNCT
ajird-1537	88	16	coinciding	coincide	VERB
ajird-1537	88	17	with	with	ADP
ajird-1537	88	18	japan	japan	PROPN
ajird-1537	88	19	's	's	PART
ajird-1537	88	20	swift	swift	ADJ
ajird-1537	88	21	industrialisation	industrialisation	NOUN
ajird-1537	88	22	and	and	CCONJ
ajird-1537	88	23	economic	economic	ADJ
ajird-1537	88	24	expansion	expansion	NOUN
ajird-1537	88	25	,	,	PUNCT
ajird-1537	88	26	establishing	establish	VERB
ajird-1537	88	27	it	it	PRON
ajird-1537	88	28	as	as	ADP
ajird-1537	88	29	one	one	NUM
ajird-1537	88	30	of	of	ADP
ajird-1537	88	31	the	the	DET
ajird-1537	88	32	globe	globe	NOUN
ajird-1537	88	33	's	's	PART
ajird-1537	88	34	foremost	foremost	ADJ
ajird-1537	88	35	economies	economy	NOUN
ajird-1537	88	36	(	(	PUNCT
ajird-1537	88	37	world	world	PROPN
ajird-1537	88	38	economic	economic	PROPN
ajird-1537	88	39	forum	forum	PROPN
ajird-1537	88	40	,	,	PUNCT
ajird-1537	88	41	2023	2023	NUM
ajird-1537	88	42	)	)	PUNCT
ajird-1537	88	43	.	.	PUNCT
ajird-1537	89	1	the	the	DET
ajird-1537	89	2	tokyo	tokyo	PROPN
ajird-1537	89	3	stock	stock	NOUN
ajird-1537	89	4	exchange	exchange	NOUN
ajird-1537	89	5	(	(	PUNCT
ajird-1537	89	6	tse	tse	PROPN
ajird-1537	89	7	)	)	PUNCT
ajird-1537	89	8	,	,	PUNCT
ajird-1537	89	9	founded	found	VERB
ajird-1537	89	10	in	in	ADP
ajird-1537	89	11	1878	1878	NUM
ajird-1537	89	12	,	,	PUNCT
ajird-1537	89	13	has	have	AUX
ajird-1537	89	14	been	be	AUX
ajird-1537	89	15	pivotal	pivotal	ADJ
ajird-1537	89	16	to	to	ADP
ajird-1537	89	17	japan	japan	PROPN
ajird-1537	89	18	's	's	PART
ajird-1537	89	19	financial	financial	ADJ
ajird-1537	89	20	evolution	evolution	NOUN
ajird-1537	89	21	,	,	PUNCT
ajird-1537	89	22	enabling	enable	VERB
ajird-1537	89	23	the	the	DET
ajird-1537	89	24	expansion	expansion	NOUN
ajird-1537	89	25	of	of	ADP
ajird-1537	89	26	its	its	PRON
ajird-1537	89	27	capital	capital	NOUN
ajird-1537	89	28	markets	market	NOUN
ajird-1537	89	29	and	and	CCONJ
ajird-1537	89	30	significantly	significantly	ADV
ajird-1537	89	31	contributing	contribute	VERB
ajird-1537	89	32	to	to	ADP
ajird-1537	89	33	the	the	DET
ajird-1537	89	34	nation	nation	NOUN
ajird-1537	89	35	's	's	PART
ajird-1537	89	36	post	post	ADJ
ajird-1537	89	37	-	-	ADJ
ajird-1537	89	38	war	war	ADJ
ajird-1537	89	39	economic	economic	ADJ
ajird-1537	89	40	resurgence	resurgence	NOUN
ajird-1537	89	41	.	.	PUNCT
ajird-1537	90	1	the	the	DET
ajird-1537	90	2	economic	economic	ADJ
ajird-1537	90	3	surge	surge	NOUN
ajird-1537	90	4	in	in	ADP
ajird-1537	90	5	japan	japan	PROPN
ajird-1537	90	6	throughout	throughout	ADP
ajird-1537	90	7	the	the	DET
ajird-1537	90	8	1960s	1960	NOUN
ajird-1537	90	9	and	and	CCONJ
ajird-1537	90	10	1970s	1970	NOUN
ajird-1537	90	11	was	be	AUX
ajird-1537	90	12	propelled	propel	VERB
ajird-1537	90	13	by	by	ADP
ajird-1537	90	14	an	an	DET
ajird-1537	90	15	exportoriented	exportoriente	VERB
ajird-1537	90	16	manufacturing	manufacturing	NOUN
ajird-1537	90	17	strategy	strategy	NOUN
ajird-1537	90	18	,	,	PUNCT
ajird-1537	90	19	with	with	ADP
ajird-1537	90	20	pivotal	pivotal	ADJ
ajird-1537	90	21	sectors	sector	NOUN
ajird-1537	90	22	including	include	VERB
ajird-1537	90	23	autos	auto	NOUN
ajird-1537	90	24	,	,	PUNCT
ajird-1537	90	25	electronics	electronic	NOUN
ajird-1537	90	26	,	,	PUNCT
ajird-1537	90	27	and	and	CCONJ
ajird-1537	90	28	machinery	machinery	NOUN
ajird-1537	90	29	emerging	emerge	VERB
ajird-1537	90	30	as	as	ADP
ajird-1537	90	31	global	global	ADJ
ajird-1537	90	32	frontrunners	frontrunner	NOUN
ajird-1537	90	33	(	(	PUNCT
ajird-1537	90	34	financial	financial	ADJ
ajird-1537	90	35	times	time	NOUN
ajird-1537	90	36	,	,	PUNCT
ajird-1537	90	37	2023	2023	NUM
ajird-1537	90	38	)	)	PUNCT
ajird-1537	90	39	.	.	PUNCT
ajird-1537	91	1	the	the	DET
ajird-1537	91	2	financial	financial	ADJ
ajird-1537	91	3	markets	market	NOUN
ajird-1537	91	4	of	of	ADP
ajird-1537	91	5	tokyo	tokyo	PROPN
ajird-1537	91	6	grew	grow	VERB
ajird-1537	91	7	in	in	ADP
ajird-1537	91	8	tandem	tandem	NOUN
ajird-1537	91	9	with	with	ADP
ajird-1537	91	10	the	the	DET
ajird-1537	91	11	nation	nation	NOUN
ajird-1537	91	12	's	's	PART
ajird-1537	91	13	industrial	industrial	ADJ
ajird-1537	91	14	development	development	NOUN
ajird-1537	91	15	,	,	PUNCT
ajird-1537	91	16	resulting	result	VERB
ajird-1537	91	17	in	in	ADP
ajird-1537	91	18	the	the	DET
ajird-1537	91	19	tokyo	tokyo	PROPN
ajird-1537	91	20	stock	stock	NOUN
ajird-1537	91	21	exchange	exchange	NOUN
ajird-1537	91	22	being	be	AUX
ajird-1537	91	23	one	one	NUM
ajird-1537	91	24	of	of	ADP
ajird-1537	91	25	the	the	DET
ajird-1537	91	26	largest	large	ADJ
ajird-1537	91	27	stock	stock	NOUN
ajird-1537	91	28	exchanges	exchange	NOUN
ajird-1537	91	29	globally	globally	ADV
ajird-1537	91	30	by	by	ADP
ajird-1537	91	31	market	market	NOUN
ajird-1537	91	32	capitalisation	capitalisation	NOUN
ajird-1537	91	33	.	.	PUNCT
ajird-1537	92	1	the	the	DET
ajird-1537	92	2	japanese	japanese	ADJ
ajird-1537	92	3	government	government	NOUN
ajird-1537	92	4	significantly	significantly	ADV
ajird-1537	92	5	influenced	influence	VERB
ajird-1537	92	6	the	the	DET
ajird-1537	92	7	nation	nation	NOUN
ajird-1537	92	8	's	's	PART
ajird-1537	92	9	financial	financial	ADJ
ajird-1537	92	10	sector	sector	NOUN
ajird-1537	92	11	through	through	ADP
ajird-1537	92	12	measures	measure	NOUN
ajird-1537	92	13	designed	design	VERB
ajird-1537	92	14	to	to	PART
ajird-1537	92	15	foster	foster	VERB
ajird-1537	92	16	stability	stability	NOUN
ajird-1537	92	17	and	and	CCONJ
ajird-1537	92	18	encourage	encourage	VERB
ajird-1537	92	19	long	long	ADJ
ajird-1537	92	20	-	-	PUNCT
ajird-1537	92	21	term	term	NOUN
ajird-1537	92	22	investment	investment	NOUN
ajird-1537	92	23	.	.	PUNCT
ajird-1537	93	1	currently	currently	ADV
ajird-1537	93	2	,	,	PUNCT
ajird-1537	93	3	tokyo	tokyo	PROPN
ajird-1537	93	4	's	's	PART
ajird-1537	93	5	financial	financial	ADJ
ajird-1537	93	6	system	system	NOUN
ajird-1537	93	7	is	be	AUX
ajird-1537	93	8	distinguished	distinguish	VERB
ajird-1537	93	9	by	by	ADP
ajird-1537	93	10	its	its	PRON
ajird-1537	93	11	profound	profound	ADJ
ajird-1537	93	12	and	and	CCONJ
ajird-1537	93	13	liquid	liquid	ADJ
ajird-1537	93	14	markets	market	NOUN
ajird-1537	93	15	,	,	PUNCT
ajird-1537	93	16	especially	especially	ADV
ajird-1537	93	17	in	in	ADP
ajird-1537	93	18	stocks	stock	NOUN
ajird-1537	93	19	and	and	CCONJ
ajird-1537	93	20	government	government	NOUN
ajird-1537	93	21	bonds	bond	NOUN
ajird-1537	93	22	.	.	PUNCT
ajird-1537	94	1	the	the	DET
ajird-1537	94	2	tokyo	tokyo	PROPN
ajird-1537	94	3	stock	stock	NOUN
ajird-1537	94	4	exchange	exchange	NOUN
ajird-1537	94	5	is	be	AUX
ajird-1537	94	6	among	among	ADP
ajird-1537	94	7	the	the	DET
ajird-1537	94	8	largest	large	ADJ
ajird-1537	94	9	globally	globally	ADV
ajird-1537	94	10	,	,	PUNCT
ajird-1537	94	11	boasting	boast	VERB
ajird-1537	94	12	a	a	DET
ajird-1537	94	13	market	market	NOUN
ajird-1537	94	14	capitalisation	capitalisation	NOUN
ajird-1537	94	15	over	over	ADP
ajird-1537	94	16	$	$	SYM
ajird-1537	94	17	6	6	NUM
ajird-1537	94	18	trillion	trillion	NUM
ajird-1537	94	19	(	(	PUNCT
ajird-1537	94	20	tokyo	tokyo	PROPN
ajird-1537	94	21	stock	stock	NOUN
ajird-1537	94	22	exchange	exchange	NOUN
ajird-1537	94	23	,	,	PUNCT
ajird-1537	94	24	2023	2023	NUM
ajird-1537	94	25	)	)	PUNCT
ajird-1537	94	26	.	.	PUNCT
ajird-1537	95	1	japan	japan	PROPN
ajird-1537	95	2	's	's	PART
ajird-1537	95	3	bond	bond	NOUN
ajird-1537	95	4	market	market	NOUN
ajird-1537	95	5	,	,	PUNCT
ajird-1537	95	6	especially	especially	ADV
ajird-1537	95	7	its	its	PRON
ajird-1537	95	8	government	government	NOUN
ajird-1537	95	9	bonds	bond	NOUN
ajird-1537	95	10	,	,	PUNCT
ajird-1537	95	11	is	be	AUX
ajird-1537	95	12	among	among	ADP
ajird-1537	95	13	the	the	DET
ajird-1537	95	14	largest	large	ADJ
ajird-1537	95	15	worldwide	worldwide	NOUN
ajird-1537	95	16	,	,	PUNCT
ajird-1537	95	17	with	with	ADP
ajird-1537	95	18	japanese	japanese	ADJ
ajird-1537	95	19	government	government	NOUN
ajird-1537	95	20	bonds	bond	NOUN
ajird-1537	95	21	(	(	PUNCT
ajird-1537	95	22	jgbs	jgbs	NOUN
ajird-1537	95	23	)	)	PUNCT
ajird-1537	95	24	seen	see	VERB
ajird-1537	95	25	as	as	ADP
ajird-1537	95	26	a	a	DET
ajird-1537	95	27	safe	safe	ADJ
ajird-1537	95	28	haven	haven	NOUN
ajird-1537	95	29	for	for	ADP
ajird-1537	95	30	investors	investor	NOUN
ajird-1537	95	31	owing	owe	VERB
ajird-1537	95	32	to	to	ADP
ajird-1537	95	33	the	the	DET
ajird-1537	95	34	nation	nation	NOUN
ajird-1537	95	35	's	's	PART
ajird-1537	95	36	stable	stable	ADJ
ajird-1537	95	37	political	political	ADJ
ajird-1537	95	38	climate	climate	NOUN
ajird-1537	95	39	and	and	CCONJ
ajird-1537	95	40	robust	robust	ADJ
ajird-1537	95	41	regulatory	regulatory	ADJ
ajird-1537	95	42	structure	structure	NOUN
ajird-1537	95	43	.	.	PUNCT
ajird-1537	96	1	tokyo	tokyo	PROPN
ajird-1537	96	2	's	's	PART
ajird-1537	96	3	financial	financial	ADJ
ajird-1537	96	4	markets	market	NOUN
ajird-1537	96	5	encounter	encounter	VERB
ajird-1537	96	6	several	several	ADJ
ajird-1537	96	7	obstacles	obstacle	NOUN
ajird-1537	96	8	,	,	PUNCT
ajird-1537	96	9	especially	especially	ADV
ajird-1537	96	10	due	due	ADJ
ajird-1537	96	11	to	to	ADP
ajird-1537	96	12	japan	japan	PROPN
ajird-1537	96	13	's	's	PART
ajird-1537	96	14	ageing	age	VERB
ajird-1537	96	15	demographic	demographic	ADJ
ajird-1537	96	16	and	and	CCONJ
ajird-1537	96	17	extended	extended	ADJ
ajird-1537	96	18	phases	phase	NOUN
ajird-1537	96	19	of	of	ADP
ajird-1537	96	20	economic	economic	ADJ
ajird-1537	96	21	stagnation	stagnation	NOUN
ajird-1537	96	22	.	.	PUNCT
ajird-1537	97	1	japan	japan	PROPN
ajird-1537	97	2	has	have	AUX
ajird-1537	97	3	had	have	VERB
ajird-1537	97	4	sluggish	sluggish	ADJ
ajird-1537	97	5	economic	economic	ADJ
ajird-1537	97	6	development	development	NOUN
ajird-1537	97	7	and	and	CCONJ
ajird-1537	97	8	deflationary	deflationary	ADJ
ajird-1537	97	9	pressures	pressure	NOUN
ajird-1537	97	10	for	for	ADP
ajird-1537	97	11	a	a	DET
ajird-1537	97	12	significant	significant	ADJ
ajird-1537	97	13	portion	portion	NOUN
ajird-1537	97	14	of	of	ADP
ajird-1537	97	15	the	the	DET
ajird-1537	97	16	previous	previous	ADJ
ajird-1537	97	17	two	two	NUM
ajird-1537	97	18	decades	decade	NOUN
ajird-1537	97	19	,	,	PUNCT
ajird-1537	97	20	impacting	impact	VERB
ajird-1537	97	21	the	the	DET
ajird-1537	97	22	performance	performance	NOUN
ajird-1537	97	23	of	of	ADP
ajird-1537	97	24	its	its	PRON
ajird-1537	97	25	financial	financial	ADJ
ajird-1537	97	26	markets	market	NOUN
ajird-1537	97	27	(	(	PUNCT
ajird-1537	97	28	tokyo	tokyo	PROPN
ajird-1537	97	29	stock	stock	NOUN
ajird-1537	97	30	exchange	exchange	NOUN
ajird-1537	97	31	,	,	PUNCT
ajird-1537	97	32	2023	2023	NUM
ajird-1537	97	33	)	)	PUNCT
ajird-1537	97	34	.	.	PUNCT
ajird-1537	98	1	the	the	DET
ajird-1537	98	2	country	country	NOUN
ajird-1537	98	3	's	's	PART
ajird-1537	98	4	low	low	ADJ
ajird-1537	98	5	-	-	PUNCT
ajird-1537	98	6	interest	interest	NOUN
ajird-1537	98	7	-	-	PUNCT
ajird-1537	98	8	rate	rate	NOUN
ajird-1537	98	9	environment	environment	NOUN
ajird-1537	98	10	,	,	PUNCT
ajird-1537	98	11	sustained	sustain	VERB
ajird-1537	98	12	by	by	ADP
ajird-1537	98	13	the	the	DET
ajird-1537	98	14	bank	bank	PROPN
ajird-1537	98	15	of	of	ADP
ajird-1537	98	16	japan	japan	PROPN
ajird-1537	98	17	's	's	PART
ajird-1537	98	18	accommodating	accommodate	VERB
ajird-1537	98	19	monetary	monetary	ADJ
ajird-1537	98	20	policy	policy	NOUN
ajird-1537	98	21	,	,	PUNCT
ajird-1537	98	22	has	have	AUX
ajird-1537	98	23	adversely	adversely	ADV
ajird-1537	98	24	affected	affect	VERB
ajird-1537	98	25	the	the	DET
ajird-1537	98	26	profitability	profitability	NOUN
ajird-1537	98	27	of	of	ADP
ajird-1537	98	28	financial	financial	ADJ
ajird-1537	98	29	institutions	institution	NOUN
ajird-1537	98	30	and	and	CCONJ
ajird-1537	98	31	constrained	constrain	VERB
ajird-1537	98	32	investment	investment	NOUN
ajird-1537	98	33	returns	return	NOUN
ajird-1537	98	34	in	in	ADP
ajird-1537	98	35	domestic	domestic	ADJ
ajird-1537	98	36	markets	market	NOUN
ajird-1537	98	37	(	(	PUNCT
ajird-1537	98	38	financial	financial	ADJ
ajird-1537	98	39	services	service	NOUN
ajird-1537	98	40	agency	agency	NOUN
ajird-1537	98	41	,	,	PUNCT
ajird-1537	98	42	2023	2023	NUM
ajird-1537	98	43	)	)	PUNCT
ajird-1537	98	44	.	.	PUNCT
ajird-1537	99	1	notwithstanding	notwithstanding	ADP
ajird-1537	99	2	these	these	DET
ajird-1537	99	3	issues	issue	NOUN
ajird-1537	99	4	,	,	PUNCT
ajird-1537	99	5	tokyo	tokyo	PROPN
ajird-1537	99	6	continues	continue	VERB
ajird-1537	99	7	to	to	PART
ajird-1537	99	8	be	be	AUX
ajird-1537	99	9	a	a	DET
ajird-1537	99	10	significant	significant	ADJ
ajird-1537	99	11	participant	participant	NOUN
ajird-1537	99	12	in	in	ADP
ajird-1537	99	13	global	global	ADJ
ajird-1537	99	14	finance	finance	NOUN
ajird-1537	99	15	,	,	PUNCT
ajird-1537	99	16	especially	especially	ADV
ajird-1537	99	17	within	within	ADP
ajird-1537	99	18	asia	asia	PROPN
ajird-1537	99	19	.	.	PUNCT
ajird-1537	100	1	the	the	DET
ajird-1537	100	2	city	city	NOUN
ajird-1537	100	3	's	's	PART
ajird-1537	100	4	financial	financial	ADJ
ajird-1537	100	5	infrastructure	infrastructure	NOUN
ajird-1537	100	6	is	be	AUX
ajird-1537	100	7	bolstered	bolster	VERB
ajird-1537	100	8	by	by	ADP
ajird-1537	100	9	cuttingedge	cuttingedge	ADJ
ajird-1537	100	10	technology	technology	NOUN
ajird-1537	100	11	and	and	CCONJ
ajird-1537	100	12	innovation	innovation	NOUN
ajird-1537	100	13	,	,	PUNCT
ajird-1537	100	14	with	with	ADP
ajird-1537	100	15	tokyo	tokyo	PROPN
ajird-1537	100	16	at	at	ADP
ajird-1537	100	17	the	the	DET
ajird-1537	100	18	forefront	forefront	NOUN
ajird-1537	100	19	of	of	ADP
ajird-1537	100	20	electronic	electronic	ADJ
ajird-1537	100	21	trading	trading	NOUN
ajird-1537	100	22	and	and	CCONJ
ajird-1537	100	23	payment	payment	NOUN
ajird-1537	100	24	systems	system	NOUN
ajird-1537	100	25	.	.	PUNCT
ajird-1537	101	1	the	the	DET
ajird-1537	101	2	japanese	japanese	ADJ
ajird-1537	101	3	government	government	NOUN
ajird-1537	101	4	has	have	AUX
ajird-1537	101	5	enacted	enact	VERB
ajird-1537	101	6	measures	measure	NOUN
ajird-1537	101	7	to	to	PART
ajird-1537	101	8	enhance	enhance	VERB
ajird-1537	101	9	corporate	corporate	ADJ
ajird-1537	101	10	governance	governance	NOUN
ajird-1537	101	11	and	and	CCONJ
ajird-1537	101	12	bolster	bolster	VERB
ajird-1537	101	13	the	the	DET
ajird-1537	101	14	competitiveness	competitiveness	NOUN
ajird-1537	101	15	of	of	ADP
ajird-1537	101	16	its	its	PRON
ajird-1537	101	17	financial	financial	ADJ
ajird-1537	101	18	markets	market	NOUN
ajird-1537	101	19	,	,	PUNCT
ajird-1537	101	20	aiming	aim	VERB
ajird-1537	101	21	to	to	PART
ajird-1537	101	22	attract	attract	VERB
ajird-1537	101	23	increased	increase	VERB
ajird-1537	101	24	foreign	foreign	ADJ
ajird-1537	101	25	investment	investment	NOUN
ajird-1537	101	26	and	and	CCONJ
ajird-1537	101	27	establish	establish	VERB
ajird-1537	101	28	tokyo	tokyo	PROPN
ajird-1537	101	29	as	as	ADP
ajird-1537	101	30	a	a	DET
ajird-1537	101	31	premier	premier	ADJ
ajird-1537	101	32	financial	financial	ADJ
ajird-1537	101	33	hub	hub	NOUN
ajird-1537	101	34	in	in	ADP
ajird-1537	101	35	the	the	DET
ajird-1537	101	36	region	region	NOUN
ajird-1537	101	37	.	.	PUNCT
ajird-1537	102	1	nigeria	nigeria	PROPN
ajird-1537	102	2	nigeria	nigeria	PROPN
ajird-1537	102	3	,	,	PUNCT
ajird-1537	102	4	africa	africa	PROPN
ajird-1537	102	5	's	's	PART
ajird-1537	102	6	largest	large	ADJ
ajird-1537	102	7	economy	economy	NOUN
ajird-1537	102	8	with	with	ADP
ajird-1537	102	9	a	a	DET
ajird-1537	102	10	gdp	gdp	NOUN
ajird-1537	102	11	of	of	ADP
ajird-1537	102	12	$	$	SYM
ajird-1537	102	13	440	440	NUM
ajird-1537	102	14	billion	billion	NUM
ajird-1537	102	15	,	,	PUNCT
ajird-1537	102	16	has	have	VERB
ajird-1537	102	17	a	a	DET
ajird-1537	102	18	markedly	markedly	ADV
ajird-1537	102	19	distinct	distinct	ADJ
ajird-1537	102	20	economic	economic	ADJ
ajird-1537	102	21	landscape	landscape	NOUN
ajird-1537	102	22	in	in	ADP
ajird-1537	102	23	comparison	comparison	NOUN
ajird-1537	102	24	to	to	ADP
ajird-1537	102	25	new	new	PROPN
ajird-1537	102	26	york	york	PROPN
ajird-1537	102	27	,	,	PUNCT
ajird-1537	102	28	london	london	PROPN
ajird-1537	102	29	,	,	PUNCT
ajird-1537	102	30	and	and	CCONJ
ajird-1537	102	31	tokyo	tokyo	PROPN
ajird-1537	102	32	(	(	PUNCT
ajird-1537	102	33	central	central	ADJ
ajird-1537	102	34	bank	bank	NOUN
ajird-1537	102	35	of	of	ADP
ajird-1537	102	36	american	american	PROPN
ajird-1537	102	37	journal	journal	PROPN
ajird-1537	102	38	of	of	ADP
ajird-1537	102	39	interdisciplinary	interdisciplinary	ADJ
ajird-1537	102	40	research	research	NOUN
ajird-1537	102	41	and	and	CCONJ
ajird-1537	102	42	development	development	NOUN
ajird-1537	102	43	issn	issn	PROPN
ajird-1537	102	44	online	online	NOUN
ajird-1537	102	45	:	:	PUNCT
ajird-1537	102	46	2771	2771	NUM
ajird-1537	102	47	-	-	SYM
ajird-1537	102	48	8948	8948	NUM
ajird-1537	102	49	website	website	NOUN
ajird-1537	102	50	:	:	PUNCT
ajird-1537	102	51	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	102	52	volume	volume	NOUN
ajird-1537	102	53	39	39	NUM
ajird-1537	102	54	,	,	PUNCT
ajird-1537	102	55	april	april	PROPN
ajird-1537	102	56	2025	2025	NUM
ajird-1537	102	57	67	67	NUM
ajird-1537	103	1	|	|	ADV
ajird-1537	103	2	p	p	NOUN
ajird-1537	103	3	a	a	DET
ajird-1537	103	4	g	g	PROPN
ajird-1537	103	5	e	e	PROPN
ajird-1537	103	6	nigeria	nigeria	PROPN
ajird-1537	103	7	,	,	PUNCT
ajird-1537	103	8	2022	2022	NUM
ajird-1537	103	9	)	)	PUNCT
ajird-1537	103	10	.	.	PUNCT
ajird-1537	104	1	the	the	DET
ajird-1537	104	2	nation	nation	NOUN
ajird-1537	104	3	's	's	PART
ajird-1537	104	4	economic	economic	ADJ
ajird-1537	104	5	framework	framework	NOUN
ajird-1537	104	6	is	be	AUX
ajird-1537	104	7	predominantly	predominantly	ADV
ajird-1537	104	8	dependent	dependent	ADJ
ajird-1537	104	9	on	on	ADP
ajird-1537	104	10	its	its	PRON
ajird-1537	104	11	oil	oil	NOUN
ajird-1537	104	12	and	and	CCONJ
ajird-1537	104	13	gas	gas	NOUN
ajird-1537	104	14	sector	sector	NOUN
ajird-1537	104	15	,	,	PUNCT
ajird-1537	104	16	which	which	PRON
ajird-1537	104	17	constitutes	constitute	VERB
ajird-1537	104	18	over	over	ADP
ajird-1537	104	19	90	90	NUM
ajird-1537	104	20	%	%	NOUN
ajird-1537	104	21	of	of	ADP
ajird-1537	104	22	its	its	PRON
ajird-1537	104	23	foreign	foreign	ADJ
ajird-1537	104	24	exchange	exchange	NOUN
ajird-1537	104	25	revenues	revenue	NOUN
ajird-1537	104	26	and	and	CCONJ
ajird-1537	104	27	over	over	ADP
ajird-1537	104	28	60	60	NUM
ajird-1537	104	29	%	%	NOUN
ajird-1537	104	30	of	of	ADP
ajird-1537	104	31	governmental	governmental	ADJ
ajird-1537	104	32	income	income	NOUN
ajird-1537	104	33	(	(	PUNCT
ajird-1537	104	34	international	international	ADJ
ajird-1537	104	35	monetary	monetary	ADJ
ajird-1537	104	36	fund	fund	NOUN
ajird-1537	104	37	,	,	PUNCT
ajird-1537	104	38	2023	2023	NUM
ajird-1537	104	39	)	)	PUNCT
ajird-1537	104	40	.	.	PUNCT
ajird-1537	105	1	the	the	DET
ajird-1537	105	2	dependence	dependence	NOUN
ajird-1537	105	3	on	on	ADP
ajird-1537	105	4	oil	oil	NOUN
ajird-1537	105	5	has	have	AUX
ajird-1537	105	6	influenced	influence	VERB
ajird-1537	105	7	the	the	DET
ajird-1537	105	8	evolution	evolution	NOUN
ajird-1537	105	9	of	of	ADP
ajird-1537	105	10	nigeria	nigeria	PROPN
ajird-1537	105	11	's	's	PART
ajird-1537	105	12	financial	financial	ADJ
ajird-1537	105	13	system	system	NOUN
ajird-1537	105	14	,	,	PUNCT
ajird-1537	105	15	which	which	PRON
ajird-1537	105	16	is	be	AUX
ajird-1537	105	17	rather	rather	ADV
ajird-1537	105	18	modest	modest	ADJ
ajird-1537	105	19	in	in	ADP
ajird-1537	105	20	size	size	NOUN
ajird-1537	105	21	relative	relative	ADJ
ajird-1537	105	22	to	to	ADP
ajird-1537	105	23	the	the	DET
ajird-1537	105	24	global	global	ADJ
ajird-1537	105	25	financial	financial	ADJ
ajird-1537	105	26	hubs	hub	NOUN
ajird-1537	105	27	of	of	ADP
ajird-1537	105	28	new	new	PROPN
ajird-1537	105	29	york	york	PROPN
ajird-1537	105	30	,	,	PUNCT
ajird-1537	105	31	london	london	PROPN
ajird-1537	105	32	,	,	PUNCT
ajird-1537	105	33	and	and	CCONJ
ajird-1537	105	34	tokyo	tokyo	PROPN
ajird-1537	105	35	.	.	PUNCT
ajird-1537	106	1	the	the	DET
ajird-1537	106	2	nigerian	nigerian	ADJ
ajird-1537	106	3	economy	economy	NOUN
ajird-1537	106	4	has	have	AUX
ajird-1537	106	5	seen	see	VERB
ajird-1537	106	6	cycles	cycle	NOUN
ajird-1537	106	7	of	of	ADP
ajird-1537	106	8	expansion	expansion	NOUN
ajird-1537	106	9	and	and	CCONJ
ajird-1537	106	10	contraction	contraction	NOUN
ajird-1537	106	11	,	,	PUNCT
ajird-1537	106	12	mostly	mostly	ADV
ajird-1537	106	13	influenced	influence	VERB
ajird-1537	106	14	by	by	ADP
ajird-1537	106	15	variations	variation	NOUN
ajird-1537	106	16	in	in	ADP
ajird-1537	106	17	global	global	ADJ
ajird-1537	106	18	oil	oil	NOUN
ajird-1537	106	19	prices	price	NOUN
ajird-1537	106	20	.	.	PUNCT
ajird-1537	107	1	the	the	DET
ajird-1537	107	2	nation	nation	NOUN
ajird-1537	107	3	's	's	PART
ajird-1537	107	4	financial	financial	ADJ
ajird-1537	107	5	system	system	NOUN
ajird-1537	107	6	has	have	AUX
ajird-1537	107	7	developed	develop	VERB
ajird-1537	107	8	in	in	ADP
ajird-1537	107	9	reaction	reaction	NOUN
ajird-1537	107	10	to	to	ADP
ajird-1537	107	11	these	these	DET
ajird-1537	107	12	economic	economic	ADJ
ajird-1537	107	13	dynamics	dynamic	NOUN
ajird-1537	107	14	,	,	PUNCT
ajird-1537	107	15	with	with	ADP
ajird-1537	107	16	the	the	DET
ajird-1537	107	17	nigerian	nigerian	ADJ
ajird-1537	107	18	stock	stock	NOUN
ajird-1537	107	19	exchange	exchange	PROPN
ajird-1537	107	20	(	(	PUNCT
ajird-1537	107	21	nse	nse	NOUN
ajird-1537	107	22	)	)	PUNCT
ajird-1537	107	23	acting	act	VERB
ajird-1537	107	24	as	as	ADP
ajird-1537	107	25	the	the	DET
ajird-1537	107	26	principal	principal	ADJ
ajird-1537	107	27	venue	venue	NOUN
ajird-1537	107	28	for	for	ADP
ajird-1537	107	29	capital	capital	NOUN
ajird-1537	107	30	acquisition	acquisition	NOUN
ajird-1537	107	31	in	in	ADP
ajird-1537	107	32	the	the	DET
ajird-1537	107	33	country	country	NOUN
ajird-1537	107	34	.	.	PUNCT
ajird-1537	108	1	in	in	ADP
ajird-1537	108	2	recent	recent	ADJ
ajird-1537	108	3	years	year	NOUN
ajird-1537	108	4	,	,	PUNCT
ajird-1537	108	5	nigeria	nigeria	PROPN
ajird-1537	108	6	has	have	AUX
ajird-1537	108	7	endeavoured	endeavour	VERB
ajird-1537	108	8	to	to	PART
ajird-1537	108	9	diversify	diversify	VERB
ajird-1537	108	10	its	its	PRON
ajird-1537	108	11	economy	economy	NOUN
ajird-1537	108	12	,	,	PUNCT
ajird-1537	108	13	witnessing	witness	VERB
ajird-1537	108	14	substantial	substantial	ADJ
ajird-1537	108	15	growth	growth	NOUN
ajird-1537	108	16	in	in	ADP
ajird-1537	108	17	sectors	sector	NOUN
ajird-1537	108	18	such	such	ADJ
ajird-1537	108	19	as	as	ADP
ajird-1537	108	20	agriculture	agriculture	NOUN
ajird-1537	108	21	,	,	PUNCT
ajird-1537	108	22	telecommunications	telecommunication	NOUN
ajird-1537	108	23	,	,	PUNCT
ajird-1537	108	24	and	and	CCONJ
ajird-1537	108	25	financial	financial	ADJ
ajird-1537	108	26	services	service	NOUN
ajird-1537	108	27	.	.	PUNCT
ajird-1537	109	1	the	the	DET
ajird-1537	109	2	nigerian	nigerian	ADJ
ajird-1537	109	3	government	government	NOUN
ajird-1537	109	4	has	have	AUX
ajird-1537	109	5	implemented	implement	VERB
ajird-1537	109	6	reforms	reform	NOUN
ajird-1537	109	7	to	to	PART
ajird-1537	109	8	enhance	enhance	VERB
ajird-1537	109	9	the	the	DET
ajird-1537	109	10	financial	financial	ADJ
ajird-1537	109	11	system	system	NOUN
ajird-1537	109	12	and	and	CCONJ
ajird-1537	109	13	foster	foster	ADJ
ajird-1537	109	14	financial	financial	ADJ
ajird-1537	109	15	inclusion	inclusion	NOUN
ajird-1537	109	16	.	.	PUNCT
ajird-1537	110	1	the	the	DET
ajird-1537	110	2	changes	change	NOUN
ajird-1537	110	3	encompass	encompass	VERB
ajird-1537	110	4	the	the	DET
ajird-1537	110	5	liberalisation	liberalisation	NOUN
ajird-1537	110	6	of	of	ADP
ajird-1537	110	7	the	the	DET
ajird-1537	110	8	banking	banking	NOUN
ajird-1537	110	9	system	system	NOUN
ajird-1537	110	10	,	,	PUNCT
ajird-1537	110	11	the	the	DET
ajird-1537	110	12	implementation	implementation	NOUN
ajird-1537	110	13	of	of	ADP
ajird-1537	110	14	mobile	mobile	ADJ
ajird-1537	110	15	banking	banking	NOUN
ajird-1537	110	16	and	and	CCONJ
ajird-1537	110	17	fintech	fintech	NOUN
ajird-1537	110	18	technologies	technology	NOUN
ajird-1537	110	19	,	,	PUNCT
ajird-1537	110	20	and	and	CCONJ
ajird-1537	110	21	initiatives	initiative	NOUN
ajird-1537	110	22	to	to	PART
ajird-1537	110	23	enhance	enhance	VERB
ajird-1537	110	24	the	the	DET
ajird-1537	110	25	regulatory	regulatory	ADJ
ajird-1537	110	26	framework	framework	NOUN
ajird-1537	110	27	(	(	PUNCT
ajird-1537	110	28	kpmg	kpmg	PROPN
ajird-1537	110	29	,	,	PUNCT
ajird-1537	110	30	2022	2022	NUM
ajird-1537	110	31	)	)	PUNCT
ajird-1537	110	32	.	.	PUNCT
ajird-1537	111	1	nigeria	nigeria	PROPN
ajird-1537	111	2	's	's	PART
ajird-1537	111	3	financial	financial	ADJ
ajird-1537	111	4	sector	sector	NOUN
ajird-1537	111	5	has	have	VERB
ajird-1537	111	6	substantial	substantial	ADJ
ajird-1537	111	7	obstacles	obstacle	NOUN
ajird-1537	111	8	,	,	PUNCT
ajird-1537	111	9	such	such	ADJ
ajird-1537	111	10	as	as	ADP
ajird-1537	111	11	political	political	ADJ
ajird-1537	111	12	instability	instability	NOUN
ajird-1537	111	13	,	,	PUNCT
ajird-1537	111	14	inflation	inflation	NOUN
ajird-1537	111	15	,	,	PUNCT
ajird-1537	111	16	currency	currency	NOUN
ajird-1537	111	17	devaluation	devaluation	NOUN
ajird-1537	111	18	,	,	PUNCT
ajird-1537	111	19	and	and	CCONJ
ajird-1537	111	20	inadequate	inadequate	ADJ
ajird-1537	111	21	infrastructure	infrastructure	NOUN
ajird-1537	111	22	.	.	PUNCT
ajird-1537	112	1	notwithstanding	notwithstanding	ADP
ajird-1537	112	2	these	these	DET
ajird-1537	112	3	problems	problem	NOUN
ajird-1537	112	4	,	,	PUNCT
ajird-1537	112	5	nigeria	nigeria	PROPN
ajird-1537	112	6	's	's	PART
ajird-1537	112	7	financial	financial	ADJ
ajird-1537	112	8	sectors	sector	NOUN
ajird-1537	112	9	have	have	VERB
ajird-1537	112	10	considerable	considerable	ADJ
ajird-1537	112	11	opportunities	opportunity	NOUN
ajird-1537	112	12	for	for	ADP
ajird-1537	112	13	expansion	expansion	NOUN
ajird-1537	112	14	.	.	PUNCT
ajird-1537	113	1	the	the	DET
ajird-1537	113	2	nation	nation	NOUN
ajird-1537	113	3	's	's	PART
ajird-1537	113	4	youthful	youthful	ADJ
ajird-1537	113	5	and	and	CCONJ
ajird-1537	113	6	expanding	expand	VERB
ajird-1537	113	7	demographic	demographic	ADJ
ajird-1537	113	8	offers	offer	NOUN
ajird-1537	113	9	prospects	prospect	NOUN
ajird-1537	113	10	for	for	ADP
ajird-1537	113	11	the	the	DET
ajird-1537	113	12	proliferation	proliferation	NOUN
ajird-1537	113	13	of	of	ADP
ajird-1537	113	14	financial	financial	ADJ
ajird-1537	113	15	services	service	NOUN
ajird-1537	113	16	,	,	PUNCT
ajird-1537	113	17	especially	especially	ADV
ajird-1537	113	18	in	in	ADP
ajird-1537	113	19	digital	digital	ADJ
ajird-1537	113	20	finance	finance	NOUN
ajird-1537	113	21	and	and	CCONJ
ajird-1537	113	22	mobile	mobile	ADJ
ajird-1537	113	23	banking	banking	NOUN
ajird-1537	113	24	sectors	sector	NOUN
ajird-1537	113	25	.	.	PUNCT
ajird-1537	114	1	nigeria	nigeria	PROPN
ajird-1537	114	2	's	's	PART
ajird-1537	114	3	strategic	strategic	ADJ
ajird-1537	114	4	location	location	NOUN
ajird-1537	114	5	as	as	ADP
ajird-1537	114	6	a	a	DET
ajird-1537	114	7	conduit	conduit	NOUN
ajird-1537	114	8	to	to	ADP
ajird-1537	114	9	the	the	DET
ajird-1537	114	10	african	african	ADJ
ajird-1537	114	11	continent	continent	NOUN
ajird-1537	114	12	renders	render	VERB
ajird-1537	114	13	it	it	PRON
ajird-1537	114	14	an	an	DET
ajird-1537	114	15	appealing	appealing	ADJ
ajird-1537	114	16	destination	destination	NOUN
ajird-1537	114	17	for	for	ADP
ajird-1537	114	18	foreign	foreign	ADJ
ajird-1537	114	19	investment	investment	NOUN
ajird-1537	114	20	,	,	PUNCT
ajird-1537	114	21	especially	especially	ADV
ajird-1537	114	22	considering	consider	VERB
ajird-1537	114	23	the	the	DET
ajird-1537	114	24	african	african	PROPN
ajird-1537	114	25	continental	continental	PROPN
ajird-1537	114	26	free	free	PROPN
ajird-1537	114	27	trade	trade	NOUN
ajird-1537	114	28	agreement	agreement	NOUN
ajird-1537	114	29	(	(	PUNCT
ajird-1537	114	30	afcfta	afcfta	PROPN
ajird-1537	114	31	)	)	PUNCT
ajird-1537	114	32	,	,	PUNCT
ajird-1537	114	33	which	which	PRON
ajird-1537	114	34	seeks	seek	VERB
ajird-1537	114	35	to	to	PART
ajird-1537	114	36	establish	establish	VERB
ajird-1537	114	37	a	a	DET
ajird-1537	114	38	unified	unified	ADJ
ajird-1537	114	39	market	market	NOUN
ajird-1537	114	40	for	for	ADP
ajird-1537	114	41	goods	good	NOUN
ajird-1537	114	42	and	and	CCONJ
ajird-1537	114	43	services	service	NOUN
ajird-1537	114	44	throughout	throughout	ADP
ajird-1537	114	45	africa	africa	PROPN
ajird-1537	114	46	(	(	PUNCT
ajird-1537	114	47	central	central	ADJ
ajird-1537	114	48	bank	bank	PROPN
ajird-1537	114	49	of	of	ADP
ajird-1537	114	50	nigeria	nigeria	PROPN
ajird-1537	114	51	,	,	PUNCT
ajird-1537	114	52	2022	2022	NUM
ajird-1537	114	53	)	)	PUNCT
ajird-1537	114	54	.	.	PUNCT
ajird-1537	115	1	nigeria	nigeria	PROPN
ajird-1537	115	2	's	's	PART
ajird-1537	115	3	financial	financial	ADJ
ajird-1537	115	4	system	system	NOUN
ajird-1537	115	5	is	be	AUX
ajird-1537	115	6	in	in	ADP
ajird-1537	115	7	a	a	DET
ajird-1537	115	8	developmental	developmental	ADJ
ajird-1537	115	9	phase	phase	NOUN
ajird-1537	115	10	,	,	PUNCT
ajird-1537	115	11	however	however	ADV
ajird-1537	115	12	it	it	PRON
ajird-1537	115	13	has	have	AUX
ajird-1537	115	14	achieved	achieve	VERB
ajird-1537	115	15	considerable	considerable	ADJ
ajird-1537	115	16	advancements	advancement	NOUN
ajird-1537	115	17	in	in	ADP
ajird-1537	115	18	recent	recent	ADJ
ajird-1537	115	19	years	year	NOUN
ajird-1537	115	20	.	.	PUNCT
ajird-1537	116	1	the	the	DET
ajird-1537	116	2	nation	nation	NOUN
ajird-1537	116	3	's	's	PART
ajird-1537	116	4	banking	banking	NOUN
ajird-1537	116	5	system	system	NOUN
ajird-1537	116	6	has	have	AUX
ajird-1537	116	7	grown	grow	VERB
ajird-1537	116	8	increasingly	increasingly	ADV
ajird-1537	116	9	competitive	competitive	ADJ
ajird-1537	116	10	,	,	PUNCT
ajird-1537	116	11	with	with	ADP
ajird-1537	116	12	a	a	DET
ajird-1537	116	13	rising	rise	VERB
ajird-1537	116	14	number	number	NOUN
ajird-1537	116	15	of	of	ADP
ajird-1537	116	16	domestic	domestic	ADJ
ajird-1537	116	17	and	and	CCONJ
ajird-1537	116	18	international	international	ADJ
ajird-1537	116	19	banks	bank	NOUN
ajird-1537	116	20	participating	participate	VERB
ajird-1537	116	21	in	in	ADP
ajird-1537	116	22	the	the	DET
ajird-1537	116	23	market	market	NOUN
ajird-1537	116	24	.	.	PUNCT
ajird-1537	117	1	the	the	DET
ajird-1537	117	2	nigerian	nigerian	ADJ
ajird-1537	117	3	stock	stock	NOUN
ajird-1537	117	4	exchange	exchange	NOUN
ajird-1537	117	5	has	have	AUX
ajird-1537	117	6	experienced	experience	VERB
ajird-1537	117	7	a	a	DET
ajird-1537	117	8	rise	rise	NOUN
ajird-1537	117	9	in	in	ADP
ajird-1537	117	10	listings	listing	NOUN
ajird-1537	117	11	,	,	PUNCT
ajird-1537	117	12	as	as	SCONJ
ajird-1537	117	13	an	an	DET
ajird-1537	117	14	increasing	increase	VERB
ajird-1537	117	15	number	number	NOUN
ajird-1537	117	16	of	of	ADP
ajird-1537	117	17	companies	company	NOUN
ajird-1537	117	18	opt	opt	VERB
ajird-1537	117	19	to	to	PART
ajird-1537	117	20	raise	raise	VERB
ajird-1537	117	21	capital	capital	NOUN
ajird-1537	117	22	via	via	ADP
ajird-1537	117	23	the	the	DET
ajird-1537	117	24	exchange	exchange	NOUN
ajird-1537	117	25	.	.	PUNCT
ajird-1537	118	1	as	as	SCONJ
ajird-1537	118	2	the	the	DET
ajird-1537	118	3	nation	nation	NOUN
ajird-1537	118	4	advances	advance	VERB
ajird-1537	118	5	economic	economic	ADJ
ajird-1537	118	6	reforms	reform	NOUN
ajird-1537	118	7	and	and	CCONJ
ajird-1537	118	8	diversifies	diversifie	NOUN
ajird-1537	118	9	its	its	PRON
ajird-1537	118	10	economy	economy	NOUN
ajird-1537	118	11	,	,	PUNCT
ajird-1537	118	12	nigeria	nigeria	PROPN
ajird-1537	118	13	's	's	PART
ajird-1537	118	14	financial	financial	ADJ
ajird-1537	118	15	system	system	NOUN
ajird-1537	118	16	possesses	possess	VERB
ajird-1537	118	17	the	the	DET
ajird-1537	118	18	potential	potential	NOUN
ajird-1537	118	19	for	for	ADP
ajird-1537	118	20	greater	great	ADJ
ajird-1537	118	21	integration	integration	NOUN
ajird-1537	118	22	into	into	ADP
ajird-1537	118	23	the	the	DET
ajird-1537	118	24	global	global	ADJ
ajird-1537	118	25	financial	financial	ADJ
ajird-1537	118	26	system	system	NOUN
ajird-1537	118	27	.	.	PUNCT
ajird-1537	119	1	3	3	X
ajird-1537	119	2	.	.	X
ajird-1537	119	3	financial	financial	ADJ
ajird-1537	119	4	systems	system	NOUN
ajird-1537	119	5	financial	financial	ADJ
ajird-1537	119	6	systems	system	NOUN
ajird-1537	119	7	encompass	encompass	VERB
ajird-1537	119	8	a	a	DET
ajird-1537	119	9	network	network	NOUN
ajird-1537	119	10	of	of	ADP
ajird-1537	119	11	institutions	institution	NOUN
ajird-1537	119	12	that	that	PRON
ajird-1537	119	13	facilitate	facilitate	VERB
ajird-1537	119	14	exchange	exchange	NOUN
ajird-1537	119	15	of	of	ADP
ajird-1537	119	16	funds	fund	NOUN
ajird-1537	119	17	and	and	CCONJ
ajird-1537	119	18	services	service	NOUN
ajird-1537	119	19	among	among	ADP
ajird-1537	119	20	participants	participant	NOUN
ajird-1537	119	21	such	such	ADJ
ajird-1537	119	22	as	as	ADP
ajird-1537	119	23	lenders	lender	NOUN
ajird-1537	119	24	,	,	PUNCT
ajird-1537	119	25	investors	investor	NOUN
ajird-1537	119	26	and	and	CCONJ
ajird-1537	119	27	borrowers	borrower	NOUN
ajird-1537	119	28	.	.	PUNCT
ajird-1537	120	1	major	major	ADJ
ajird-1537	120	2	components	component	NOUN
ajird-1537	120	3	of	of	ADP
ajird-1537	120	4	financial	financial	ADJ
ajird-1537	120	5	systems	system	NOUN
ajird-1537	120	6	are	be	AUX
ajird-1537	120	7	financial	financial	ADJ
ajird-1537	120	8	markets	market	NOUN
ajird-1537	120	9	,	,	PUNCT
ajird-1537	120	10	financial	financial	ADJ
ajird-1537	120	11	instruments	instrument	NOUN
ajird-1537	120	12	,	,	PUNCT
ajird-1537	120	13	financial	financial	ADJ
ajird-1537	120	14	institutions	institution	NOUN
ajird-1537	120	15	,	,	PUNCT
ajird-1537	120	16	financial	financial	ADJ
ajird-1537	120	17	services	service	NOUN
ajird-1537	120	18	and	and	CCONJ
ajird-1537	120	19	market	market	NOUN
ajird-1537	120	20	participants	participant	NOUN
ajird-1537	120	21	.	.	PUNCT
ajird-1537	121	1	this	this	DET
ajird-1537	121	2	section	section	NOUN
ajird-1537	121	3	considered	consider	VERB
ajird-1537	121	4	the	the	DET
ajird-1537	121	5	financial	financial	ADJ
ajird-1537	121	6	systems	system	NOUN
ajird-1537	121	7	of	of	ADP
ajird-1537	121	8	new	new	PROPN
ajird-1537	121	9	york	york	PROPN
ajird-1537	121	10	,	,	PUNCT
ajird-1537	121	11	london	london	PROPN
ajird-1537	121	12	,	,	PUNCT
ajird-1537	121	13	tokyo	tokyo	PROPN
ajird-1537	121	14	and	and	CCONJ
ajird-1537	121	15	nigeria	nigeria	PROPN
ajird-1537	121	16	by	by	ADP
ajird-1537	121	17	highlighting	highlight	VERB
ajird-1537	121	18	the	the	DET
ajird-1537	121	19	development	development	NOUN
ajird-1537	121	20	of	of	ADP
ajird-1537	121	21	their	their	PRON
ajird-1537	121	22	financial	financial	ADJ
ajird-1537	121	23	systems	system	NOUN
ajird-1537	121	24	components	component	NOUN
ajird-1537	121	25	,	,	PUNCT
ajird-1537	121	26	regulatory	regulatory	ADJ
ajird-1537	121	27	framework	framework	NOUN
ajird-1537	121	28	and	and	CCONJ
ajird-1537	121	29	financial	financial	ADJ
ajird-1537	121	30	services	service	NOUN
ajird-1537	121	31	/	/	SYM
ajird-1537	121	32	products	product	NOUN
ajird-1537	121	33	.	.	PUNCT
ajird-1537	122	1	american	american	ADJ
ajird-1537	122	2	journal	journal	PROPN
ajird-1537	122	3	of	of	ADP
ajird-1537	122	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	122	5	research	research	NOUN
ajird-1537	122	6	and	and	CCONJ
ajird-1537	122	7	development	development	NOUN
ajird-1537	122	8	issn	issn	PROPN
ajird-1537	122	9	online	online	NOUN
ajird-1537	122	10	:	:	PUNCT
ajird-1537	122	11	2771	2771	NUM
ajird-1537	122	12	-	-	SYM
ajird-1537	122	13	8948	8948	NUM
ajird-1537	122	14	website	website	NOUN
ajird-1537	122	15	:	:	PUNCT
ajird-1537	122	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	122	17	volume	volume	NOUN
ajird-1537	122	18	39	39	NUM
ajird-1537	122	19	,	,	PUNCT
ajird-1537	122	20	april	april	PROPN
ajird-1537	122	21	2025	2025	NUM
ajird-1537	122	22	68	68	NUM
ajird-1537	123	1	|	|	ADV
ajird-1537	123	2	p	p	NOUN
ajird-1537	123	3	a	a	DET
ajird-1537	123	4	g	g	PROPN
ajird-1537	123	5	e	e	PROPN
ajird-1537	123	6	new	new	PROPN
ajird-1537	123	7	york	york	PROPN
ajird-1537	123	8	new	new	PROPN
ajird-1537	123	9	york	york	PROPN
ajird-1537	123	10	's	's	PART
ajird-1537	123	11	financial	financial	ADJ
ajird-1537	123	12	system	system	NOUN
ajird-1537	123	13	is	be	AUX
ajird-1537	123	14	undoubtedly	undoubtedly	ADV
ajird-1537	123	15	the	the	DET
ajird-1537	123	16	most	most	ADV
ajird-1537	123	17	advanced	advanced	ADJ
ajird-1537	123	18	and	and	CCONJ
ajird-1537	123	19	impactful	impactful	ADJ
ajird-1537	123	20	globally	globally	ADV
ajird-1537	123	21	.	.	PUNCT
ajird-1537	124	1	it	it	PRON
ajird-1537	124	2	is	be	AUX
ajird-1537	124	3	supported	support	VERB
ajird-1537	124	4	by	by	ADP
ajird-1537	124	5	a	a	DET
ajird-1537	124	6	comprehensive	comprehensive	ADJ
ajird-1537	124	7	and	and	CCONJ
ajird-1537	124	8	varied	varied	ADJ
ajird-1537	124	9	array	array	NOUN
ajird-1537	124	10	of	of	ADP
ajird-1537	124	11	financial	financial	ADJ
ajird-1537	124	12	institutions	institution	NOUN
ajird-1537	124	13	,	,	PUNCT
ajird-1537	124	14	encompassing	encompass	VERB
ajird-1537	124	15	commercial	commercial	ADJ
ajird-1537	124	16	and	and	CCONJ
ajird-1537	124	17	investment	investment	NOUN
ajird-1537	124	18	banks	bank	NOUN
ajird-1537	124	19	,	,	PUNCT
ajird-1537	124	20	hedge	hedge	NOUN
ajird-1537	124	21	funds	fund	NOUN
ajird-1537	124	22	,	,	PUNCT
ajird-1537	124	23	private	private	ADJ
ajird-1537	124	24	equity	equity	NOUN
ajird-1537	124	25	firms	firm	NOUN
ajird-1537	124	26	,	,	PUNCT
ajird-1537	124	27	insurance	insurance	NOUN
ajird-1537	124	28	companies	company	NOUN
ajird-1537	124	29	,	,	PUNCT
ajird-1537	124	30	and	and	CCONJ
ajird-1537	124	31	asset	asset	NOUN
ajird-1537	124	32	management	management	NOUN
ajird-1537	124	33	corporations	corporation	NOUN
ajird-1537	124	34	.	.	PUNCT
ajird-1537	125	1	the	the	DET
ajird-1537	125	2	two	two	NUM
ajird-1537	125	3	principal	principal	ADJ
ajird-1537	125	4	components	component	NOUN
ajird-1537	125	5	of	of	ADP
ajird-1537	125	6	new	new	PROPN
ajird-1537	125	7	york	york	PROPN
ajird-1537	125	8	's	's	PART
ajird-1537	125	9	financial	financial	ADJ
ajird-1537	125	10	system	system	NOUN
ajird-1537	125	11	are	be	AUX
ajird-1537	125	12	its	its	PRON
ajird-1537	125	13	capital	capital	NOUN
ajird-1537	125	14	markets	market	NOUN
ajird-1537	125	15	and	and	CCONJ
ajird-1537	125	16	banking	banking	NOUN
ajird-1537	125	17	industry	industry	NOUN
ajird-1537	125	18	,	,	PUNCT
ajird-1537	125	19	both	both	PRON
ajird-1537	125	20	of	of	ADP
ajird-1537	125	21	which	which	PRON
ajird-1537	125	22	are	be	AUX
ajird-1537	125	23	crucial	crucial	ADJ
ajird-1537	125	24	to	to	ADP
ajird-1537	125	25	the	the	DET
ajird-1537	125	26	global	global	ADJ
ajird-1537	125	27	economy	economy	NOUN
ajird-1537	125	28	(	(	PUNCT
ajird-1537	125	29	financial	financial	ADJ
ajird-1537	125	30	times	time	NOUN
ajird-1537	125	31	,	,	PUNCT
ajird-1537	125	32	2023	2023	NUM
ajird-1537	125	33	)	)	PUNCT
ajird-1537	125	34	.	.	PUNCT
ajird-1537	126	1	i	i	PRON
ajird-1537	126	2	)	)	PUNCT
ajird-1537	126	3	capital	capital	NOUN
ajird-1537	126	4	markets	market	NOUN
ajird-1537	126	5	:	:	PUNCT
ajird-1537	126	6	the	the	DET
ajird-1537	126	7	new	new	PROPN
ajird-1537	126	8	york	york	PROPN
ajird-1537	126	9	stock	stock	PROPN
ajird-1537	126	10	exchange	exchange	PROPN
ajird-1537	126	11	(	(	PUNCT
ajird-1537	126	12	nyse	nyse	PROPN
ajird-1537	126	13	)	)	PUNCT
ajird-1537	126	14	and	and	CCONJ
ajird-1537	126	15	nasdaq	nasdaq	PROPN
ajird-1537	126	16	the	the	DET
ajird-1537	126	17	new	new	PROPN
ajird-1537	126	18	york	york	PROPN
ajird-1537	126	19	stock	stock	PROPN
ajird-1537	126	20	exchange	exchange	PROPN
ajird-1537	126	21	(	(	PUNCT
ajird-1537	126	22	nyse	nyse	PROPN
ajird-1537	126	23	)	)	PUNCT
ajird-1537	126	24	and	and	CCONJ
ajird-1537	126	25	nasdaq	nasdaq	PROPN
ajird-1537	126	26	are	be	AUX
ajird-1537	126	27	the	the	DET
ajird-1537	126	28	two	two	NUM
ajird-1537	126	29	largest	large	ADJ
ajird-1537	126	30	stock	stock	NOUN
ajird-1537	126	31	exchanges	exchange	NOUN
ajird-1537	126	32	globally	globally	ADV
ajird-1537	126	33	by	by	ADP
ajird-1537	126	34	market	market	NOUN
ajird-1537	126	35	capitalisation	capitalisation	NOUN
ajird-1537	126	36	(	(	PUNCT
ajird-1537	126	37	new	new	PROPN
ajird-1537	126	38	york	york	PROPN
ajird-1537	126	39	stock	stock	PROPN
ajird-1537	126	40	exchange	exchange	PROPN
ajird-1537	126	41	,	,	PUNCT
ajird-1537	126	42	2023	2023	NUM
ajird-1537	126	43	)	)	PUNCT
ajird-1537	126	44	.	.	PUNCT
ajird-1537	127	1	collectively	collectively	ADV
ajird-1537	127	2	,	,	PUNCT
ajird-1537	127	3	they	they	PRON
ajird-1537	127	4	constitute	constitute	VERB
ajird-1537	127	5	the	the	DET
ajird-1537	127	6	foundation	foundation	NOUN
ajird-1537	127	7	of	of	ADP
ajird-1537	127	8	the	the	DET
ajird-1537	127	9	u.s	u.s	PROPN
ajird-1537	127	10	.	.	PROPN
ajird-1537	127	11	capital	capital	NOUN
ajird-1537	127	12	markets	market	NOUN
ajird-1537	127	13	,	,	PUNCT
ajird-1537	127	14	facilitating	facilitate	VERB
ajird-1537	127	15	a	a	DET
ajird-1537	127	16	mechanism	mechanism	NOUN
ajird-1537	127	17	for	for	SCONJ
ajird-1537	127	18	corporations	corporation	NOUN
ajird-1537	127	19	to	to	PART
ajird-1537	127	20	acquire	acquire	VERB
ajird-1537	127	21	money	money	NOUN
ajird-1537	127	22	through	through	ADP
ajird-1537	127	23	the	the	DET
ajird-1537	127	24	issuance	issuance	NOUN
ajird-1537	127	25	of	of	ADP
ajird-1537	127	26	equity	equity	NOUN
ajird-1537	127	27	and	and	CCONJ
ajird-1537	127	28	debt	debt	NOUN
ajird-1537	127	29	securities	security	NOUN
ajird-1537	127	30	.	.	PUNCT
ajird-1537	128	1	the	the	DET
ajird-1537	128	2	nyse	nyse	PROPN
ajird-1537	128	3	,	,	PUNCT
ajird-1537	128	4	founded	found	VERB
ajird-1537	128	5	in	in	ADP
ajird-1537	128	6	1792	1792	NUM
ajird-1537	128	7	,	,	PUNCT
ajird-1537	128	8	is	be	AUX
ajird-1537	128	9	the	the	DET
ajird-1537	128	10	largest	large	ADJ
ajird-1537	128	11	stock	stock	NOUN
ajird-1537	128	12	exchange	exchange	NOUN
ajird-1537	128	13	globally	globally	ADV
ajird-1537	128	14	,	,	PUNCT
ajird-1537	128	15	boasting	boast	VERB
ajird-1537	128	16	a	a	DET
ajird-1537	128	17	market	market	NOUN
ajird-1537	128	18	capitalisation	capitalisation	NOUN
ajird-1537	128	19	of	of	ADP
ajird-1537	128	20	$	$	SYM
ajird-1537	128	21	26	26	NUM
ajird-1537	128	22	trillion	trillion	NUM
ajird-1537	128	23	(	(	PUNCT
ajird-1537	128	24	new	new	PROPN
ajird-1537	128	25	york	york	PROPN
ajird-1537	128	26	stock	stock	PROPN
ajird-1537	128	27	exchange	exchange	PROPN
ajird-1537	128	28	,	,	PUNCT
ajird-1537	128	29	2023	2023	NUM
ajird-1537	128	30	)	)	PUNCT
ajird-1537	128	31	.	.	PUNCT
ajird-1537	129	1	it	it	PRON
ajird-1537	129	2	enumerates	enumerate	VERB
ajird-1537	129	3	several	several	ADJ
ajird-1537	129	4	prominent	prominent	ADJ
ajird-1537	129	5	global	global	ADJ
ajird-1537	129	6	corporations	corporation	NOUN
ajird-1537	129	7	,	,	PUNCT
ajird-1537	129	8	encompassing	encompass	VERB
ajird-1537	129	9	blue	blue	ADJ
ajird-1537	129	10	-	-	PUNCT
ajird-1537	129	11	chip	chip	NOUN
ajird-1537	129	12	enterprises	enterprise	NOUN
ajird-1537	129	13	across	across	ADP
ajird-1537	129	14	diverse	diverse	ADJ
ajird-1537	129	15	industries	industry	NOUN
ajird-1537	129	16	like	like	ADP
ajird-1537	129	17	technology	technology	NOUN
ajird-1537	129	18	,	,	PUNCT
ajird-1537	129	19	finance	finance	NOUN
ajird-1537	129	20	,	,	PUNCT
ajird-1537	129	21	healthcare	healthcare	PROPN
ajird-1537	129	22	,	,	PUNCT
ajird-1537	129	23	and	and	CCONJ
ajird-1537	129	24	manufacturing	manufacturing	NOUN
ajird-1537	129	25	.	.	PUNCT
ajird-1537	130	1	the	the	DET
ajird-1537	130	2	nasdaq	nasdaq	PROPN
ajird-1537	130	3	,	,	PUNCT
ajird-1537	130	4	established	establish	VERB
ajird-1537	130	5	in	in	ADP
ajird-1537	130	6	1971	1971	NUM
ajird-1537	130	7	,	,	PUNCT
ajird-1537	130	8	is	be	AUX
ajird-1537	130	9	the	the	DET
ajird-1537	130	10	world	world	NOUN
ajird-1537	130	11	's	's	PART
ajird-1537	130	12	second	second	ADV
ajird-1537	130	13	-	-	PUNCT
ajird-1537	130	14	largest	large	ADJ
ajird-1537	130	15	stock	stock	NOUN
ajird-1537	130	16	market	market	NOUN
ajird-1537	130	17	,	,	PUNCT
ajird-1537	130	18	distinguished	distinguish	VERB
ajird-1537	130	19	by	by	ADP
ajird-1537	130	20	its	its	PRON
ajird-1537	130	21	emphasis	emphasis	NOUN
ajird-1537	130	22	on	on	ADP
ajird-1537	130	23	technology	technology	NOUN
ajird-1537	130	24	firms	firm	NOUN
ajird-1537	130	25	,	,	PUNCT
ajird-1537	130	26	housing	housing	NOUN
ajird-1537	130	27	prominent	prominent	ADJ
ajird-1537	130	28	tech	tech	NOUN
ajird-1537	130	29	titans	titan	NOUN
ajird-1537	130	30	such	such	ADJ
ajird-1537	130	31	as	as	ADP
ajird-1537	130	32	apple	apple	NOUN
ajird-1537	130	33	,	,	PUNCT
ajird-1537	130	34	microsoft	microsoft	PROPN
ajird-1537	130	35	,	,	PUNCT
ajird-1537	130	36	and	and	CCONJ
ajird-1537	130	37	alphabet	alphabet	PROPN
ajird-1537	130	38	(	(	PUNCT
ajird-1537	130	39	new	new	PROPN
ajird-1537	130	40	york	york	PROPN
ajird-1537	130	41	stock	stock	NOUN
ajird-1537	130	42	market	market	NOUN
ajird-1537	130	43	,	,	PUNCT
ajird-1537	130	44	2023	2023	NUM
ajird-1537	130	45	;	;	PUNCT
ajird-1537	130	46	financial	financial	ADJ
ajird-1537	130	47	times	time	NOUN
ajird-1537	130	48	,	,	PUNCT
ajird-1537	130	49	2023	2023	NUM
ajird-1537	130	50	)	)	PUNCT
ajird-1537	130	51	.	.	PUNCT
ajird-1537	131	1	the	the	DET
ajird-1537	131	2	capital	capital	NOUN
ajird-1537	131	3	markets	market	NOUN
ajird-1537	131	4	of	of	ADP
ajird-1537	131	5	new	new	PROPN
ajird-1537	131	6	york	york	PROPN
ajird-1537	131	7	are	be	AUX
ajird-1537	131	8	characterised	characterise	VERB
ajird-1537	131	9	by	by	ADP
ajird-1537	131	10	substantial	substantial	ADJ
ajird-1537	131	11	liquidity	liquidity	NOUN
ajird-1537	131	12	,	,	PUNCT
ajird-1537	131	13	depth	depth	NOUN
ajird-1537	131	14	,	,	PUNCT
ajird-1537	131	15	and	and	CCONJ
ajird-1537	131	16	efficiency	efficiency	NOUN
ajird-1537	131	17	.	.	PUNCT
ajird-1537	132	1	these	these	DET
ajird-1537	132	2	markets	market	NOUN
ajird-1537	132	3	provide	provide	VERB
ajird-1537	132	4	corporations	corporation	NOUN
ajird-1537	132	5	access	access	NOUN
ajird-1537	132	6	to	to	ADP
ajird-1537	132	7	extensive	extensive	ADJ
ajird-1537	132	8	capital	capital	NOUN
ajird-1537	132	9	resources	resource	NOUN
ajird-1537	132	10	and	and	CCONJ
ajird-1537	132	11	enable	enable	VERB
ajird-1537	132	12	investors	investor	NOUN
ajird-1537	132	13	to	to	PART
ajird-1537	132	14	diversify	diversify	VERB
ajird-1537	132	15	their	their	PRON
ajird-1537	132	16	portfolios	portfolio	NOUN
ajird-1537	132	17	across	across	ADP
ajird-1537	132	18	many	many	ADJ
ajird-1537	132	19	asset	asset	NOUN
ajird-1537	132	20	classes	class	NOUN
ajird-1537	132	21	,	,	PUNCT
ajird-1537	132	22	including	include	VERB
ajird-1537	132	23	stocks	stock	NOUN
ajird-1537	132	24	,	,	PUNCT
ajird-1537	132	25	bonds	bond	NOUN
ajird-1537	132	26	,	,	PUNCT
ajird-1537	132	27	commodities	commodity	NOUN
ajird-1537	132	28	,	,	PUNCT
ajird-1537	132	29	and	and	CCONJ
ajird-1537	132	30	derivatives	derivative	NOUN
ajird-1537	132	31	(	(	PUNCT
ajird-1537	132	32	baker	baker	PROPN
ajird-1537	132	33	&	&	CCONJ
ajird-1537	132	34	ricciardi	ricciardi	PROPN
ajird-1537	132	35	,	,	PUNCT
ajird-1537	132	36	2014	2014	NUM
ajird-1537	132	37	;	;	PUNCT
ajird-1537	132	38	financial	financial	ADJ
ajird-1537	132	39	times	time	NOUN
ajird-1537	132	40	,	,	PUNCT
ajird-1537	132	41	2023	2023	NUM
ajird-1537	132	42	)	)	PUNCT
ajird-1537	132	43	.	.	PUNCT
ajird-1537	133	1	alongside	alongside	ADP
ajird-1537	133	2	the	the	DET
ajird-1537	133	3	nyse	nyse	PROPN
ajird-1537	133	4	and	and	CCONJ
ajird-1537	133	5	nasdaq	nasdaq	PROPN
ajird-1537	133	6	,	,	PUNCT
ajird-1537	133	7	new	new	PROPN
ajird-1537	133	8	york	york	PROPN
ajird-1537	133	9	's	's	PART
ajird-1537	133	10	capital	capital	NOUN
ajird-1537	133	11	markets	market	NOUN
ajird-1537	133	12	encompass	encompass	VERB
ajird-1537	133	13	a	a	DET
ajird-1537	133	14	substantial	substantial	ADJ
ajird-1537	133	15	and	and	CCONJ
ajird-1537	133	16	vibrant	vibrant	ADJ
ajird-1537	133	17	bond	bond	NOUN
ajird-1537	133	18	market	market	NOUN
ajird-1537	133	19	,	,	PUNCT
ajird-1537	133	20	whereby	whereby	SCONJ
ajird-1537	133	21	both	both	CCONJ
ajird-1537	133	22	corporate	corporate	ADJ
ajird-1537	133	23	and	and	CCONJ
ajird-1537	133	24	government	government	NOUN
ajird-1537	133	25	bonds	bond	NOUN
ajird-1537	133	26	are	be	AUX
ajird-1537	133	27	vital	vital	ADJ
ajird-1537	133	28	in	in	ADP
ajird-1537	133	29	funding	fund	VERB
ajird-1537	133	30	public	public	ADJ
ajird-1537	133	31	and	and	CCONJ
ajird-1537	133	32	private	private	ADJ
ajird-1537	133	33	sector	sector	NOUN
ajird-1537	133	34	endeavours	endeavour	NOUN
ajird-1537	133	35	.	.	PUNCT
ajird-1537	134	1	ii	ii	X
ajird-1537	134	2	)	)	PUNCT
ajird-1537	134	3	banking	banking	NOUN
ajird-1537	134	4	sector	sector	NOUN
ajird-1537	134	5	the	the	DET
ajird-1537	134	6	banking	banking	NOUN
ajird-1537	134	7	sector	sector	NOUN
ajird-1537	134	8	in	in	ADP
ajird-1537	134	9	new	new	PROPN
ajird-1537	134	10	york	york	PROPN
ajird-1537	134	11	is	be	AUX
ajird-1537	134	12	strong	strong	ADJ
ajird-1537	134	13	,	,	PUNCT
ajird-1537	134	14	with	with	ADP
ajird-1537	134	15	both	both	CCONJ
ajird-1537	134	16	big	big	ADJ
ajird-1537	134	17	global	global	ADJ
ajird-1537	134	18	banks	bank	NOUN
ajird-1537	134	19	and	and	CCONJ
ajird-1537	134	20	smaller	small	ADJ
ajird-1537	134	21	regional	regional	ADJ
ajird-1537	134	22	institutions	institution	NOUN
ajird-1537	134	23	.	.	PUNCT
ajird-1537	135	1	prominent	prominent	ADJ
ajird-1537	135	2	investment	investment	NOUN
ajird-1537	135	3	banks	bank	NOUN
ajird-1537	135	4	,	,	PUNCT
ajird-1537	135	5	like	like	ADP
ajird-1537	135	6	goldman	goldman	PROPN
ajird-1537	135	7	sachs	sachs	PROPN
ajird-1537	135	8	,	,	PUNCT
ajird-1537	135	9	morgan	morgan	PROPN
ajird-1537	135	10	stanley	stanley	PROPN
ajird-1537	135	11	,	,	PUNCT
ajird-1537	135	12	jpmorgan	jpmorgan	PROPN
ajird-1537	135	13	chase	chase	PROPN
ajird-1537	135	14	,	,	PUNCT
ajird-1537	135	15	and	and	CCONJ
ajird-1537	135	16	citigroup	citigroup	NOUN
ajird-1537	135	17	,	,	PUNCT
ajird-1537	135	18	maintain	maintain	VERB
ajird-1537	135	19	their	their	PRON
ajird-1537	135	20	worldwide	worldwide	NOUN
ajird-1537	135	21	or	or	CCONJ
ajird-1537	135	22	north	north	ADJ
ajird-1537	135	23	american	american	ADJ
ajird-1537	135	24	headquarters	headquarter	NOUN
ajird-1537	135	25	in	in	ADP
ajird-1537	135	26	new	new	PROPN
ajird-1537	135	27	york	york	PROPN
ajird-1537	135	28	,	,	PUNCT
ajird-1537	135	29	enhancing	enhance	VERB
ajird-1537	135	30	the	the	DET
ajird-1537	135	31	city	city	NOUN
ajird-1537	135	32	's	's	PART
ajird-1537	135	33	status	status	NOUN
ajird-1537	135	34	as	as	ADP
ajird-1537	135	35	a	a	DET
ajird-1537	135	36	global	global	ADJ
ajird-1537	135	37	financial	financial	ADJ
ajird-1537	135	38	centre	centre	NOUN
ajird-1537	135	39	(	(	PUNCT
ajird-1537	135	40	financial	financial	ADJ
ajird-1537	135	41	times	time	NOUN
ajird-1537	135	42	,	,	PUNCT
ajird-1537	135	43	2023	2023	NUM
ajird-1537	135	44	)	)	PUNCT
ajird-1537	135	45	.	.	PUNCT
ajird-1537	136	1	these	these	DET
ajird-1537	136	2	banks	bank	NOUN
ajird-1537	136	3	participate	participate	VERB
ajird-1537	136	4	in	in	ADP
ajird-1537	136	5	many	many	ADJ
ajird-1537	136	6	operations	operation	NOUN
ajird-1537	136	7	,	,	PUNCT
ajird-1537	136	8	such	such	ADJ
ajird-1537	136	9	as	as	ADP
ajird-1537	136	10	mergers	merger	NOUN
ajird-1537	136	11	and	and	CCONJ
ajird-1537	136	12	acquisitions	acquisition	NOUN
ajird-1537	136	13	,	,	PUNCT
ajird-1537	136	14	underwriting	underwriting	NOUN
ajird-1537	136	15	,	,	PUNCT
ajird-1537	136	16	trading	trading	NOUN
ajird-1537	136	17	,	,	PUNCT
ajird-1537	136	18	wealth	wealth	NOUN
ajird-1537	136	19	management	management	NOUN
ajird-1537	136	20	,	,	PUNCT
ajird-1537	136	21	and	and	CCONJ
ajird-1537	136	22	asset	asset	NOUN
ajird-1537	136	23	management	management	NOUN
ajird-1537	136	24	.	.	PUNCT
ajird-1537	137	1	the	the	DET
ajird-1537	137	2	commercial	commercial	ADJ
ajird-1537	137	3	banking	banking	NOUN
ajird-1537	137	4	industry	industry	NOUN
ajird-1537	137	5	is	be	AUX
ajird-1537	137	6	substantial	substantial	ADJ
ajird-1537	137	7	,	,	PUNCT
ajird-1537	137	8	with	with	ADP
ajird-1537	137	9	institutions	institution	NOUN
ajird-1537	137	10	offering	offer	VERB
ajird-1537	137	11	loans	loan	NOUN
ajird-1537	137	12	,	,	PUNCT
ajird-1537	137	13	savings	saving	NOUN
ajird-1537	137	14	products	product	NOUN
ajird-1537	137	15	,	,	PUNCT
ajird-1537	137	16	and	and	CCONJ
ajird-1537	137	17	various	various	ADJ
ajird-1537	137	18	financial	financial	ADJ
ajird-1537	137	19	services	service	NOUN
ajird-1537	137	20	to	to	ADP
ajird-1537	137	21	people	people	NOUN
ajird-1537	137	22	,	,	PUNCT
ajird-1537	137	23	enterprises	enterprise	NOUN
ajird-1537	137	24	,	,	PUNCT
ajird-1537	137	25	and	and	CCONJ
ajird-1537	137	26	governments	government	NOUN
ajird-1537	137	27	.	.	PUNCT
ajird-1537	138	1	as	as	SCONJ
ajird-1537	138	2	reported	report	VERB
ajird-1537	138	3	by	by	ADP
ajird-1537	138	4	financial	financial	ADJ
ajird-1537	138	5	times	time	NOUN
ajird-1537	138	6	(	(	PUNCT
ajird-1537	138	7	2022	2022	NUM
ajird-1537	138	8	)	)	PUNCT
ajird-1537	138	9	,	,	PUNCT
ajird-1537	138	10	financial	financial	ADJ
ajird-1537	138	11	institutions	institution	NOUN
ajird-1537	138	12	in	in	ADP
ajird-1537	138	13	new	new	PROPN
ajird-1537	138	14	york	york	PROPN
ajird-1537	138	15	are	be	AUX
ajird-1537	138	16	overseen	oversee	VERB
ajird-1537	138	17	by	by	ADP
ajird-1537	138	18	many	many	ADJ
ajird-1537	138	19	regulatory	regulatory	ADJ
ajird-1537	138	20	authorities	authority	NOUN
ajird-1537	138	21	,	,	PUNCT
ajird-1537	138	22	including	include	VERB
ajird-1537	138	23	the	the	DET
ajird-1537	138	24	federal	federal	PROPN
ajird-1537	138	25	reserve	reserve	PROPN
ajird-1537	138	26	bank	bank	PROPN
ajird-1537	138	27	of	of	ADP
ajird-1537	138	28	new	new	PROPN
ajird-1537	138	29	york	york	PROPN
ajird-1537	138	30	,	,	PUNCT
ajird-1537	138	31	the	the	DET
ajird-1537	138	32	american	american	PROPN
ajird-1537	138	33	journal	journal	PROPN
ajird-1537	138	34	of	of	ADP
ajird-1537	138	35	interdisciplinary	interdisciplinary	ADJ
ajird-1537	138	36	research	research	NOUN
ajird-1537	138	37	and	and	CCONJ
ajird-1537	138	38	development	development	NOUN
ajird-1537	138	39	issn	issn	PROPN
ajird-1537	138	40	online	online	NOUN
ajird-1537	138	41	:	:	PUNCT
ajird-1537	138	42	2771	2771	NUM
ajird-1537	138	43	-	-	SYM
ajird-1537	138	44	8948	8948	NUM
ajird-1537	138	45	website	website	NOUN
ajird-1537	138	46	:	:	PUNCT
ajird-1537	138	47	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	138	48	volume	volume	NOUN
ajird-1537	138	49	39	39	NUM
ajird-1537	138	50	,	,	PUNCT
ajird-1537	138	51	april	april	PROPN
ajird-1537	138	52	2025	2025	NUM
ajird-1537	138	53	69	69	NUM
ajird-1537	139	1	|	|	ADV
ajird-1537	139	2	p	p	NOUN
ajird-1537	139	3	a	a	DET
ajird-1537	139	4	g	g	NOUN
ajird-1537	139	5	e	e	NOUN
ajird-1537	139	6	securities	security	NOUN
ajird-1537	139	7	and	and	CCONJ
ajird-1537	139	8	exchange	exchange	PROPN
ajird-1537	139	9	commission	commission	PROPN
ajird-1537	139	10	(	(	PUNCT
ajird-1537	139	11	sec	sec	PROPN
ajird-1537	139	12	)	)	PUNCT
ajird-1537	139	13	,	,	PUNCT
ajird-1537	139	14	and	and	CCONJ
ajird-1537	139	15	the	the	DET
ajird-1537	139	16	office	office	NOUN
ajird-1537	139	17	of	of	ADP
ajird-1537	139	18	the	the	DET
ajird-1537	139	19	comptroller	comptroller	NOUN
ajird-1537	139	20	of	of	ADP
ajird-1537	139	21	the	the	DET
ajird-1537	139	22	currency	currency	NOUN
ajird-1537	139	23	(	(	PUNCT
ajird-1537	139	24	occ	occ	NOUN
ajird-1537	139	25	)	)	PUNCT
ajird-1537	139	26	.	.	PUNCT
ajird-1537	140	1	these	these	DET
ajird-1537	140	2	institutions	institution	NOUN
ajird-1537	140	3	guarantee	guarantee	VERB
ajird-1537	140	4	the	the	DET
ajird-1537	140	5	stability	stability	NOUN
ajird-1537	140	6	and	and	CCONJ
ajird-1537	140	7	openness	openness	NOUN
ajird-1537	140	8	of	of	ADP
ajird-1537	140	9	new	new	PROPN
ajird-1537	140	10	york	york	PROPN
ajird-1537	140	11	's	's	PART
ajird-1537	140	12	financial	financial	ADJ
ajird-1537	140	13	system	system	NOUN
ajird-1537	140	14	,	,	PUNCT
ajird-1537	140	15	establishing	establish	VERB
ajird-1537	140	16	it	it	PRON
ajird-1537	140	17	as	as	ADP
ajird-1537	140	18	a	a	DET
ajird-1537	140	19	reliable	reliable	ADJ
ajird-1537	140	20	destination	destination	NOUN
ajird-1537	140	21	for	for	ADP
ajird-1537	140	22	both	both	CCONJ
ajird-1537	140	23	local	local	ADJ
ajird-1537	140	24	and	and	CCONJ
ajird-1537	140	25	foreign	foreign	ADJ
ajird-1537	140	26	investors	investor	NOUN
ajird-1537	140	27	.	.	PUNCT
ajird-1537	141	1	iii	iii	X
ajird-1537	141	2	)	)	PUNCT
ajird-1537	141	3	derivatives	derivative	NOUN
ajird-1537	141	4	and	and	CCONJ
ajird-1537	141	5	commodity	commodity	NOUN
ajird-1537	141	6	markets	market	NOUN
ajird-1537	141	7	new	new	PROPN
ajird-1537	141	8	york	york	PROPN
ajird-1537	141	9	is	be	AUX
ajird-1537	141	10	a	a	DET
ajird-1537	141	11	prominent	prominent	ADJ
ajird-1537	141	12	hub	hub	NOUN
ajird-1537	141	13	for	for	ADP
ajird-1537	141	14	the	the	DET
ajird-1537	141	15	trading	trading	NOUN
ajird-1537	141	16	of	of	ADP
ajird-1537	141	17	derivatives	derivative	NOUN
ajird-1537	141	18	and	and	CCONJ
ajird-1537	141	19	commodities	commodity	NOUN
ajird-1537	141	20	.	.	PUNCT
ajird-1537	142	1	the	the	DET
ajird-1537	142	2	new	new	PROPN
ajird-1537	142	3	york	york	PROPN
ajird-1537	142	4	stock	stock	PROPN
ajird-1537	142	5	exchange	exchange	PROPN
ajird-1537	142	6	(	(	PUNCT
ajird-1537	142	7	2023	2023	NUM
ajird-1537	142	8	)	)	PUNCT
ajird-1537	142	9	indicates	indicate	VERB
ajird-1537	142	10	that	that	SCONJ
ajird-1537	142	11	the	the	DET
ajird-1537	142	12	city	city	NOUN
ajird-1537	142	13	has	have	VERB
ajird-1537	142	14	significant	significant	ADJ
ajird-1537	142	15	commodities	commodity	NOUN
ajird-1537	142	16	exchanges	exchange	NOUN
ajird-1537	142	17	,	,	PUNCT
ajird-1537	142	18	including	include	VERB
ajird-1537	142	19	the	the	DET
ajird-1537	142	20	new	new	PROPN
ajird-1537	142	21	york	york	PROPN
ajird-1537	142	22	mercantile	mercantile	PROPN
ajird-1537	142	23	exchange	exchange	PROPN
ajird-1537	142	24	(	(	PUNCT
ajird-1537	142	25	nymex	nymex	PROPN
ajird-1537	142	26	)	)	PUNCT
ajird-1537	142	27	and	and	CCONJ
ajird-1537	142	28	the	the	DET
ajird-1537	142	29	intercontinental	intercontinental	ADJ
ajird-1537	142	30	exchange	exchange	NOUN
ajird-1537	142	31	(	(	PUNCT
ajird-1537	142	32	ice	ice	NOUN
ajird-1537	142	33	)	)	PUNCT
ajird-1537	142	34	.	.	PUNCT
ajird-1537	143	1	these	these	DET
ajird-1537	143	2	platforms	platform	NOUN
ajird-1537	143	3	enable	enable	VERB
ajird-1537	143	4	the	the	DET
ajird-1537	143	5	trading	trading	NOUN
ajird-1537	143	6	of	of	ADP
ajird-1537	143	7	futures	future	NOUN
ajird-1537	143	8	and	and	CCONJ
ajird-1537	143	9	options	option	NOUN
ajird-1537	143	10	contracts	contract	NOUN
ajird-1537	143	11	across	across	ADP
ajird-1537	143	12	several	several	ADJ
ajird-1537	143	13	commodities	commodity	NOUN
ajird-1537	143	14	,	,	PUNCT
ajird-1537	143	15	including	include	VERB
ajird-1537	143	16	crude	crude	ADJ
ajird-1537	143	17	oil	oil	NOUN
ajird-1537	143	18	,	,	PUNCT
ajird-1537	143	19	natural	natural	ADJ
ajird-1537	143	20	gas	gas	NOUN
ajird-1537	143	21	,	,	PUNCT
ajird-1537	143	22	gold	gold	NOUN
ajird-1537	143	23	,	,	PUNCT
ajird-1537	143	24	silver	silver	NOUN
ajird-1537	143	25	,	,	PUNCT
ajird-1537	143	26	and	and	CCONJ
ajird-1537	143	27	agricultural	agricultural	ADJ
ajird-1537	143	28	goods	good	NOUN
ajird-1537	143	29	.	.	PUNCT
ajird-1537	144	1	the	the	DET
ajird-1537	144	2	derivatives	derivative	NOUN
ajird-1537	144	3	market	market	NOUN
ajird-1537	144	4	in	in	ADP
ajird-1537	144	5	new	new	PROPN
ajird-1537	144	6	york	york	PROPN
ajird-1537	144	7	includes	include	VERB
ajird-1537	144	8	interest	interest	NOUN
ajird-1537	144	9	rate	rate	NOUN
ajird-1537	144	10	swaps	swap	NOUN
ajird-1537	144	11	,	,	PUNCT
ajird-1537	144	12	credit	credit	NOUN
ajird-1537	144	13	default	default	NOUN
ajird-1537	144	14	swaps	swap	NOUN
ajird-1537	144	15	,	,	PUNCT
ajird-1537	144	16	and	and	CCONJ
ajird-1537	144	17	foreign	foreign	ADJ
ajird-1537	144	18	currency	currency	NOUN
ajird-1537	144	19	derivatives	derivative	NOUN
ajird-1537	144	20	,	,	PUNCT
ajird-1537	144	21	utilised	utilise	VERB
ajird-1537	144	22	by	by	ADP
ajird-1537	144	23	corporations	corporation	NOUN
ajird-1537	144	24	and	and	CCONJ
ajird-1537	144	25	investors	investor	NOUN
ajird-1537	144	26	for	for	ADP
ajird-1537	144	27	risk	risk	NOUN
ajird-1537	144	28	management	management	NOUN
ajird-1537	144	29	.	.	PUNCT
ajird-1537	145	1	london	london	PROPN
ajird-1537	145	2	london	london	PROPN
ajird-1537	145	3	's	's	PART
ajird-1537	145	4	financial	financial	ADJ
ajird-1537	145	5	system	system	NOUN
ajird-1537	145	6	is	be	AUX
ajird-1537	145	7	among	among	ADP
ajird-1537	145	8	the	the	DET
ajird-1537	145	9	most	most	ADV
ajird-1537	145	10	global	global	ADJ
ajird-1537	145	11	and	and	CCONJ
ajird-1537	145	12	varied	varied	ADJ
ajird-1537	145	13	in	in	ADP
ajird-1537	145	14	the	the	DET
ajird-1537	145	15	world	world	NOUN
ajird-1537	145	16	.	.	PUNCT
ajird-1537	146	1	it	it	PRON
ajird-1537	146	2	functions	function	VERB
ajird-1537	146	3	as	as	ADP
ajird-1537	146	4	the	the	DET
ajird-1537	146	5	financial	financial	ADJ
ajird-1537	146	6	conduit	conduit	NOUN
ajird-1537	146	7	to	to	ADP
ajird-1537	146	8	europe	europe	PROPN
ajird-1537	146	9	and	and	CCONJ
ajird-1537	146	10	has	have	AUX
ajird-1537	146	11	always	always	ADV
ajird-1537	146	12	been	be	AUX
ajird-1537	146	13	a	a	DET
ajird-1537	146	14	pivotal	pivotal	ADJ
ajird-1537	146	15	hub	hub	NOUN
ajird-1537	146	16	for	for	ADP
ajird-1537	146	17	global	global	ADJ
ajird-1537	146	18	finance	finance	NOUN
ajird-1537	146	19	owing	owe	VERB
ajird-1537	146	20	to	to	ADP
ajird-1537	146	21	its	its	PRON
ajird-1537	146	22	dominance	dominance	NOUN
ajird-1537	146	23	in	in	ADP
ajird-1537	146	24	foreign	foreign	ADJ
ajird-1537	146	25	currency	currency	NOUN
ajird-1537	146	26	trading	trading	NOUN
ajird-1537	146	27	,	,	PUNCT
ajird-1537	146	28	international	international	ADJ
ajird-1537	146	29	banking	banking	NOUN
ajird-1537	146	30	,	,	PUNCT
ajird-1537	146	31	and	and	CCONJ
ajird-1537	146	32	insurance	insurance	NOUN
ajird-1537	146	33	sectors	sector	NOUN
ajird-1537	146	34	.	.	PUNCT
ajird-1537	147	1	i	i	PRON
ajird-1537	147	2	)	)	PUNCT
ajird-1537	147	3	foreign	foreign	ADJ
ajird-1537	147	4	exchange	exchange	NOUN
ajird-1537	147	5	(	(	PUNCT
ajird-1537	147	6	forex	forex	NOUN
ajird-1537	147	7	)	)	PUNCT
ajird-1537	147	8	market	market	NOUN
ajird-1537	147	9	the	the	DET
ajird-1537	147	10	financial	financial	ADJ
ajird-1537	147	11	system	system	NOUN
ajird-1537	147	12	of	of	ADP
ajird-1537	147	13	london	london	PROPN
ajird-1537	147	14	is	be	AUX
ajird-1537	147	15	supported	support	VERB
ajird-1537	147	16	by	by	ADP
ajird-1537	147	17	the	the	DET
ajird-1537	147	18	largest	large	ADJ
ajird-1537	147	19	foreign	foreign	ADJ
ajird-1537	147	20	exchange	exchange	NOUN
ajird-1537	147	21	(	(	PUNCT
ajird-1537	147	22	forex	forex	NOUN
ajird-1537	147	23	)	)	PUNCT
ajird-1537	147	24	market	market	NOUN
ajird-1537	147	25	globally	globally	ADV
ajird-1537	147	26	.	.	PUNCT
ajird-1537	148	1	london	london	PROPN
ajird-1537	148	2	accounts	account	VERB
ajird-1537	148	3	for	for	ADP
ajird-1537	148	4	around	around	ADV
ajird-1537	148	5	37	37	NUM
ajird-1537	148	6	%	%	NOUN
ajird-1537	148	7	of	of	ADP
ajird-1537	148	8	worldwide	worldwide	ADJ
ajird-1537	148	9	foreign	foreign	ADJ
ajird-1537	148	10	exchange	exchange	NOUN
ajird-1537	148	11	transactions	transaction	NOUN
ajird-1537	148	12	,	,	PUNCT
ajird-1537	148	13	establishing	establish	VERB
ajird-1537	148	14	it	it	PRON
ajird-1537	148	15	as	as	ADP
ajird-1537	148	16	the	the	DET
ajird-1537	148	17	preeminent	preeminent	ADJ
ajird-1537	148	18	centre	centre	NOUN
ajird-1537	148	19	for	for	ADP
ajird-1537	148	20	currency	currency	NOUN
ajird-1537	148	21	trading	trading	NOUN
ajird-1537	148	22	(	(	PUNCT
ajird-1537	148	23	financial	financial	ADJ
ajird-1537	148	24	conduct	conduct	NOUN
ajird-1537	148	25	authority	authority	NOUN
ajird-1537	148	26	,	,	PUNCT
ajird-1537	148	27	2023	2023	NUM
ajird-1537	148	28	)	)	PUNCT
ajird-1537	148	29	.	.	PUNCT
ajird-1537	149	1	the	the	DET
ajird-1537	149	2	city	city	NOUN
ajird-1537	149	3	's	's	PART
ajird-1537	149	4	time	time	NOUN
ajird-1537	149	5	zone	zone	NOUN
ajird-1537	149	6	,	,	PUNCT
ajird-1537	149	7	which	which	PRON
ajird-1537	149	8	connects	connect	VERB
ajird-1537	149	9	trade	trade	NOUN
ajird-1537	149	10	hours	hour	NOUN
ajird-1537	149	11	in	in	ADP
ajird-1537	149	12	asia	asia	PROPN
ajird-1537	149	13	and	and	CCONJ
ajird-1537	149	14	north	north	PROPN
ajird-1537	149	15	america	america	PROPN
ajird-1537	149	16	,	,	PUNCT
ajird-1537	149	17	provides	provide	VERB
ajird-1537	149	18	it	it	PRON
ajird-1537	149	19	with	with	ADP
ajird-1537	149	20	a	a	DET
ajird-1537	149	21	distinct	distinct	ADJ
ajird-1537	149	22	edge	edge	NOUN
ajird-1537	149	23	in	in	ADP
ajird-1537	149	24	this	this	DET
ajird-1537	149	25	regard	regard	NOUN
ajird-1537	149	26	.	.	PUNCT
ajird-1537	150	1	the	the	DET
ajird-1537	150	2	forex	forex	ADJ
ajird-1537	150	3	market	market	NOUN
ajird-1537	150	4	in	in	ADP
ajird-1537	150	5	london	london	PROPN
ajird-1537	150	6	exhibits	exhibit	VERB
ajird-1537	150	7	considerable	considerable	ADJ
ajird-1537	150	8	liquidity	liquidity	NOUN
ajird-1537	150	9	,	,	PUNCT
ajird-1537	150	10	with	with	ADP
ajird-1537	150	11	significant	significant	ADJ
ajird-1537	150	12	trading	trading	NOUN
ajird-1537	150	13	activity	activity	NOUN
ajird-1537	150	14	in	in	ADP
ajird-1537	150	15	key	key	ADJ
ajird-1537	150	16	currency	currency	NOUN
ajird-1537	150	17	pairings	pairing	NOUN
ajird-1537	150	18	like	like	ADP
ajird-1537	150	19	eur	eur	ADJ
ajird-1537	150	20	/	/	SYM
ajird-1537	150	21	usd	usd	NOUN
ajird-1537	150	22	,	,	PUNCT
ajird-1537	150	23	gbp	gbp	NOUN
ajird-1537	150	24	/	/	SYM
ajird-1537	150	25	usd	usd	NOUN
ajird-1537	150	26	,	,	PUNCT
ajird-1537	150	27	and	and	CCONJ
ajird-1537	150	28	usd	usd	NOUN
ajird-1537	150	29	/	/	SYM
ajird-1537	150	30	jpy	jpy	NOUN
ajird-1537	150	31	.	.	PUNCT
ajird-1537	151	1	this	this	DET
ajird-1537	151	2	market	market	NOUN
ajird-1537	151	3	is	be	AUX
ajird-1537	151	4	essential	essential	ADJ
ajird-1537	151	5	for	for	ADP
ajird-1537	151	6	international	international	PROPN
ajird-1537	151	7	commerce	commerce	PROPN
ajird-1537	151	8	,	,	PUNCT
ajird-1537	151	9	investment	investment	NOUN
ajird-1537	151	10	,	,	PUNCT
ajird-1537	151	11	and	and	CCONJ
ajird-1537	151	12	monetary	monetary	ADJ
ajird-1537	151	13	policy	policy	NOUN
ajird-1537	151	14	,	,	PUNCT
ajird-1537	151	15	enabling	enable	VERB
ajird-1537	151	16	governments	government	NOUN
ajird-1537	151	17	,	,	PUNCT
ajird-1537	151	18	businesses	business	NOUN
ajird-1537	151	19	,	,	PUNCT
ajird-1537	151	20	and	and	CCONJ
ajird-1537	151	21	investors	investor	NOUN
ajird-1537	151	22	to	to	PART
ajird-1537	151	23	exchange	exchange	VERB
ajird-1537	151	24	currencies	currency	NOUN
ajird-1537	151	25	for	for	ADP
ajird-1537	151	26	hedging	hedging	NOUN
ajird-1537	151	27	,	,	PUNCT
ajird-1537	151	28	speculative	speculative	ADJ
ajird-1537	151	29	,	,	PUNCT
ajird-1537	151	30	or	or	CCONJ
ajird-1537	151	31	operational	operational	ADJ
ajird-1537	151	32	objectives	objective	NOUN
ajird-1537	151	33	.	.	PUNCT
ajird-1537	152	1	ii	ii	X
ajird-1537	152	2	)	)	PUNCT
ajird-1537	152	3	international	international	ADJ
ajird-1537	152	4	banking	banking	NOUN
ajird-1537	152	5	london	london	PROPN
ajird-1537	152	6	is	be	AUX
ajird-1537	152	7	a	a	DET
ajird-1537	152	8	premier	premier	ADJ
ajird-1537	152	9	hub	hub	NOUN
ajird-1537	152	10	for	for	ADP
ajird-1537	152	11	international	international	ADJ
ajird-1537	152	12	banking	banking	NOUN
ajird-1537	152	13	,	,	PUNCT
ajird-1537	152	14	with	with	ADP
ajird-1537	152	15	more	more	ADJ
ajird-1537	152	16	than	than	ADP
ajird-1537	152	17	250	250	NUM
ajird-1537	152	18	foreign	foreign	ADJ
ajird-1537	152	19	institutions	institution	NOUN
ajird-1537	152	20	(	(	PUNCT
ajird-1537	152	21	london	london	PROPN
ajird-1537	152	22	stock	stock	NOUN
ajird-1537	152	23	exchange	exchange	NOUN
ajird-1537	152	24	,	,	PUNCT
ajird-1537	152	25	2023	2023	NUM
ajird-1537	152	26	)	)	PUNCT
ajird-1537	152	27	.	.	PUNCT
ajird-1537	153	1	numerous	numerous	ADJ
ajird-1537	153	2	banks	bank	NOUN
ajird-1537	153	3	,	,	PUNCT
ajird-1537	153	4	mostly	mostly	ADV
ajird-1537	153	5	based	base	VERB
ajird-1537	153	6	in	in	ADP
ajird-1537	153	7	europe	europe	PROPN
ajird-1537	153	8	,	,	PUNCT
ajird-1537	153	9	north	north	PROPN
ajird-1537	153	10	america	america	PROPN
ajird-1537	153	11	,	,	PUNCT
ajird-1537	153	12	and	and	CCONJ
ajird-1537	153	13	asia	asia	PROPN
ajird-1537	153	14	,	,	PUNCT
ajird-1537	153	15	offer	offer	VERB
ajird-1537	153	16	an	an	DET
ajird-1537	153	17	extensive	extensive	ADJ
ajird-1537	153	18	array	array	NOUN
ajird-1537	153	19	of	of	ADP
ajird-1537	153	20	services	service	NOUN
ajird-1537	153	21	,	,	PUNCT
ajird-1537	153	22	encompassing	encompass	VERB
ajird-1537	153	23	trade	trade	NOUN
ajird-1537	153	24	finance	finance	NOUN
ajird-1537	153	25	,	,	PUNCT
ajird-1537	153	26	project	project	NOUN
ajird-1537	153	27	financing	financing	NOUN
ajird-1537	153	28	,	,	PUNCT
ajird-1537	153	29	wealth	wealth	NOUN
ajird-1537	153	30	management	management	NOUN
ajird-1537	153	31	,	,	PUNCT
ajird-1537	153	32	and	and	CCONJ
ajird-1537	153	33	investment	investment	NOUN
ajird-1537	153	34	banking	banking	NOUN
ajird-1537	153	35	.	.	PUNCT
ajird-1537	154	1	the	the	DET
ajird-1537	154	2	existence	existence	NOUN
ajird-1537	154	3	of	of	ADP
ajird-1537	154	4	multinational	multinational	ADJ
ajird-1537	154	5	banks	bank	NOUN
ajird-1537	154	6	bolsters	bolster	VERB
ajird-1537	154	7	london	london	PROPN
ajird-1537	154	8	’s	’s	PART
ajird-1537	154	9	position	position	NOUN
ajird-1537	154	10	as	as	ADP
ajird-1537	154	11	a	a	DET
ajird-1537	154	12	centre	centre	NOUN
ajird-1537	154	13	for	for	ADP
ajird-1537	154	14	cross	cross	ADJ
ajird-1537	154	15	-	-	ADJ
ajird-1537	154	16	border	border	ADJ
ajird-1537	154	17	financial	financial	ADJ
ajird-1537	154	18	transactions	transaction	NOUN
ajird-1537	154	19	and	and	CCONJ
ajird-1537	154	20	global	global	ADJ
ajird-1537	154	21	financial	financial	ADJ
ajird-1537	154	22	flows	flow	NOUN
ajird-1537	154	23	.	.	PUNCT
ajird-1537	155	1	prominent	prominent	ADJ
ajird-1537	155	2	global	global	ADJ
ajird-1537	155	3	banks	bank	NOUN
ajird-1537	155	4	,	,	PUNCT
ajird-1537	155	5	including	include	VERB
ajird-1537	155	6	hsbc	hsbc	PROPN
ajird-1537	155	7	,	,	PUNCT
ajird-1537	155	8	barclays	barclay	NOUN
ajird-1537	155	9	,	,	PUNCT
ajird-1537	155	10	standard	standard	ADJ
ajird-1537	155	11	chartered	charter	VERB
ajird-1537	155	12	,	,	PUNCT
ajird-1537	155	13	and	and	CCONJ
ajird-1537	155	14	the	the	DET
ajird-1537	155	15	bank	bank	NOUN
ajird-1537	155	16	of	of	ADP
ajird-1537	155	17	england	england	PROPN
ajird-1537	155	18	,	,	PUNCT
ajird-1537	155	19	are	be	AUX
ajird-1537	155	20	essential	essential	ADJ
ajird-1537	155	21	components	component	NOUN
ajird-1537	155	22	of	of	ADP
ajird-1537	155	23	the	the	DET
ajird-1537	155	24	financial	financial	ADJ
ajird-1537	155	25	ecosystem	ecosystem	NOUN
ajird-1537	155	26	,	,	PUNCT
ajird-1537	155	27	american	american	ADJ
ajird-1537	155	28	journal	journal	PROPN
ajird-1537	155	29	of	of	ADP
ajird-1537	155	30	interdisciplinary	interdisciplinary	ADJ
ajird-1537	155	31	research	research	NOUN
ajird-1537	155	32	and	and	CCONJ
ajird-1537	155	33	development	development	NOUN
ajird-1537	155	34	issn	issn	PROPN
ajird-1537	155	35	online	online	NOUN
ajird-1537	155	36	:	:	PUNCT
ajird-1537	155	37	2771	2771	NUM
ajird-1537	155	38	-	-	SYM
ajird-1537	155	39	8948	8948	NUM
ajird-1537	155	40	website	website	NOUN
ajird-1537	155	41	:	:	PUNCT
ajird-1537	155	42	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	155	43	volume	volume	NOUN
ajird-1537	155	44	39	39	NUM
ajird-1537	155	45	,	,	PUNCT
ajird-1537	155	46	april	april	PROPN
ajird-1537	155	47	2025	2025	NUM
ajird-1537	155	48	70	70	NUM
ajird-1537	156	1	|	|	ADV
ajird-1537	156	2	p	p	NOUN
ajird-1537	156	3	a	a	DET
ajird-1537	156	4	g	g	NOUN
ajird-1537	156	5	e	e	NOUN
ajird-1537	156	6	enhancing	enhance	VERB
ajird-1537	156	7	london	london	PROPN
ajird-1537	156	8	’s	’s	PART
ajird-1537	156	9	prominence	prominence	NOUN
ajird-1537	156	10	in	in	ADP
ajird-1537	156	11	the	the	DET
ajird-1537	156	12	international	international	ADJ
ajird-1537	156	13	banking	banking	NOUN
ajird-1537	156	14	sector	sector	NOUN
ajird-1537	156	15	(	(	PUNCT
ajird-1537	156	16	london	london	PROPN
ajird-1537	156	17	stock	stock	NOUN
ajird-1537	156	18	exchange	exchange	NOUN
ajird-1537	156	19	,	,	PUNCT
ajird-1537	156	20	2023	2023	NUM
ajird-1537	156	21	)	)	PUNCT
ajird-1537	156	22	.	.	PUNCT
ajird-1537	157	1	iii	iii	X
ajird-1537	157	2	)	)	PUNCT
ajird-1537	157	3	insurance	insurance	NOUN
ajird-1537	157	4	and	and	CCONJ
ajird-1537	157	5	reinsurance	reinsurance	NOUN
ajird-1537	157	6	markets	market	NOUN
ajird-1537	157	7	london	london	PROPN
ajird-1537	157	8	hosts	host	NOUN
ajird-1537	157	9	one	one	NUM
ajird-1537	157	10	of	of	ADP
ajird-1537	157	11	the	the	DET
ajird-1537	157	12	globe	globe	NOUN
ajird-1537	157	13	's	's	PART
ajird-1537	157	14	largest	large	ADJ
ajird-1537	157	15	and	and	CCONJ
ajird-1537	157	16	most	most	ADV
ajird-1537	157	17	significant	significant	ADJ
ajird-1537	157	18	insurance	insurance	NOUN
ajird-1537	157	19	markets	market	NOUN
ajird-1537	157	20	,	,	PUNCT
ajird-1537	157	21	centred	centre	VERB
ajird-1537	157	22	on	on	ADP
ajird-1537	157	23	lloyd	lloyd	PROPN
ajird-1537	157	24	’s	’s	PROPN
ajird-1537	157	25	of	of	ADP
ajird-1537	157	26	london	london	PROPN
ajird-1537	157	27	,	,	PUNCT
ajird-1537	157	28	a	a	DET
ajird-1537	157	29	historic	historic	ADJ
ajird-1537	157	30	entity	entity	NOUN
ajird-1537	157	31	specialising	specialise	VERB
ajird-1537	157	32	in	in	ADP
ajird-1537	157	33	the	the	DET
ajird-1537	157	34	reinsurance	reinsurance	NOUN
ajird-1537	157	35	of	of	ADP
ajird-1537	157	36	intricate	intricate	ADJ
ajird-1537	157	37	and	and	CCONJ
ajird-1537	157	38	largescale	largescale	ADJ
ajird-1537	157	39	risks	risk	NOUN
ajird-1537	157	40	(	(	PUNCT
ajird-1537	157	41	bank	bank	NOUN
ajird-1537	157	42	of	of	ADP
ajird-1537	157	43	england	england	PROPN
ajird-1537	157	44	,	,	PUNCT
ajird-1537	157	45	2023	2023	NUM
ajird-1537	157	46	)	)	PUNCT
ajird-1537	157	47	.	.	PUNCT
ajird-1537	158	1	the	the	DET
ajird-1537	158	2	insurance	insurance	NOUN
ajird-1537	158	3	and	and	CCONJ
ajird-1537	158	4	reinsurance	reinsurance	NOUN
ajird-1537	158	5	sectors	sector	NOUN
ajird-1537	158	6	in	in	ADP
ajird-1537	158	7	london	london	PROPN
ajird-1537	158	8	cater	cater	NOUN
ajird-1537	158	9	to	to	ADP
ajird-1537	158	10	a	a	DET
ajird-1537	158	11	worldwide	worldwide	ADJ
ajird-1537	158	12	clientele	clientele	NOUN
ajird-1537	158	13	,	,	PUNCT
ajird-1537	158	14	addressing	address	VERB
ajird-1537	158	15	risks	risk	NOUN
ajird-1537	158	16	from	from	ADP
ajird-1537	158	17	natural	natural	ADJ
ajird-1537	158	18	calamities	calamity	NOUN
ajird-1537	158	19	to	to	PART
ajird-1537	158	20	cyber	cyber	VERB
ajird-1537	158	21	threats	threat	NOUN
ajird-1537	158	22	.	.	PUNCT
ajird-1537	159	1	london	london	PROPN
ajird-1537	159	2	's	's	PART
ajird-1537	159	3	insurance	insurance	NOUN
ajird-1537	159	4	markets	market	NOUN
ajird-1537	159	5	possess	possess	VERB
ajird-1537	159	6	significant	significant	ADJ
ajird-1537	159	7	depth	depth	NOUN
ajird-1537	159	8	and	and	CCONJ
ajird-1537	159	9	sophistication	sophistication	NOUN
ajird-1537	159	10	,	,	PUNCT
ajird-1537	159	11	establishing	establish	VERB
ajird-1537	159	12	it	it	PRON
ajird-1537	159	13	as	as	ADP
ajird-1537	159	14	a	a	DET
ajird-1537	159	15	pivotal	pivotal	ADJ
ajird-1537	159	16	entity	entity	NOUN
ajird-1537	159	17	in	in	ADP
ajird-1537	159	18	global	global	ADJ
ajird-1537	159	19	risk	risk	NOUN
ajird-1537	159	20	management	management	NOUN
ajird-1537	159	21	,	,	PUNCT
ajird-1537	159	22	especially	especially	ADV
ajird-1537	159	23	with	with	ADP
ajird-1537	159	24	high	high	ADJ
ajird-1537	159	25	-	-	PUNCT
ajird-1537	159	26	value	value	NOUN
ajird-1537	159	27	or	or	CCONJ
ajird-1537	159	28	specialised	specialised	ADJ
ajird-1537	159	29	insurance	insurance	NOUN
ajird-1537	159	30	products	product	NOUN
ajird-1537	159	31	(	(	PUNCT
ajird-1537	159	32	london	london	PROPN
ajird-1537	159	33	stock	stock	NOUN
ajird-1537	159	34	exchange	exchange	PROPN
ajird-1537	159	35	,	,	PUNCT
ajird-1537	159	36	2023	2023	NUM
ajird-1537	159	37	;	;	PUNCT
ajird-1537	159	38	bank	bank	PROPN
ajird-1537	159	39	of	of	ADP
ajird-1537	159	40	england	england	PROPN
ajird-1537	159	41	,	,	PUNCT
ajird-1537	159	42	2023	2023	NUM
ajird-1537	159	43	)	)	PUNCT
ajird-1537	159	44	.	.	PUNCT
ajird-1537	160	1	iv	iv	X
ajird-1537	160	2	)	)	PUNCT
ajird-1537	160	3	fixed	fix	VERB
ajird-1537	160	4	income	income	NOUN
ajird-1537	160	5	markets	market	VERB
ajird-1537	160	6	the	the	DET
ajird-1537	160	7	bond	bond	NOUN
ajird-1537	160	8	market	market	NOUN
ajird-1537	160	9	constitutes	constitute	VERB
ajird-1537	160	10	a	a	DET
ajird-1537	160	11	crucial	crucial	ADJ
ajird-1537	160	12	element	element	NOUN
ajird-1537	160	13	of	of	ADP
ajird-1537	160	14	london	london	PROPN
ajird-1537	160	15	’s	’s	PART
ajird-1537	160	16	financial	financial	ADJ
ajird-1537	160	17	system	system	NOUN
ajird-1537	160	18	.	.	PUNCT
ajird-1537	161	1	the	the	DET
ajird-1537	161	2	city	city	NOUN
ajird-1537	161	3	possesses	possess	VERB
ajird-1537	161	4	a	a	DET
ajird-1537	161	5	very	very	ADV
ajird-1537	161	6	liquid	liquid	ADJ
ajird-1537	161	7	market	market	NOUN
ajird-1537	161	8	for	for	ADP
ajird-1537	161	9	government	government	NOUN
ajird-1537	161	10	and	and	CCONJ
ajird-1537	161	11	corporate	corporate	ADJ
ajird-1537	161	12	debt	debt	NOUN
ajird-1537	161	13	,	,	PUNCT
ajird-1537	161	14	drawing	draw	VERB
ajird-1537	161	15	both	both	CCONJ
ajird-1537	161	16	local	local	ADJ
ajird-1537	161	17	and	and	CCONJ
ajird-1537	161	18	international	international	ADJ
ajird-1537	161	19	investors	investor	NOUN
ajird-1537	161	20	(	(	PUNCT
ajird-1537	161	21	london	london	PROPN
ajird-1537	161	22	stock	stock	NOUN
ajird-1537	161	23	exchange	exchange	PROPN
ajird-1537	161	24	,	,	PUNCT
ajird-1537	161	25	2023	2023	NUM
ajird-1537	161	26	)	)	PUNCT
ajird-1537	161	27	.	.	PUNCT
ajird-1537	162	1	the	the	DET
ajird-1537	162	2	bond	bond	NOUN
ajird-1537	162	3	markets	market	NOUN
ajird-1537	162	4	in	in	ADP
ajird-1537	162	5	london	london	PROPN
ajird-1537	162	6	are	be	AUX
ajird-1537	162	7	recognised	recognise	VERB
ajird-1537	162	8	for	for	ADP
ajird-1537	162	9	their	their	PRON
ajird-1537	162	10	versatility	versatility	NOUN
ajird-1537	162	11	,	,	PUNCT
ajird-1537	162	12	including	include	VERB
ajird-1537	162	13	products	product	NOUN
ajird-1537	162	14	like	like	ADP
ajird-1537	162	15	gilt	gilt	NOUN
ajird-1537	162	16	-	-	PUNCT
ajird-1537	162	17	edged	edge	VERB
ajird-1537	162	18	securities	security	NOUN
ajird-1537	162	19	(	(	PUNCT
ajird-1537	162	20	uk	uk	PROPN
ajird-1537	162	21	government	government	NOUN
ajird-1537	162	22	bonds	bond	NOUN
ajird-1537	162	23	)	)	PUNCT
ajird-1537	162	24	,	,	PUNCT
ajird-1537	162	25	eurobonds	eurobond	NOUN
ajird-1537	162	26	,	,	PUNCT
ajird-1537	162	27	and	and	CCONJ
ajird-1537	162	28	corporate	corporate	ADJ
ajird-1537	162	29	bonds	bond	NOUN
ajird-1537	162	30	.	.	PUNCT
ajird-1537	163	1	these	these	DET
ajird-1537	163	2	markets	market	NOUN
ajird-1537	163	3	are	be	AUX
ajird-1537	163	4	vital	vital	ADJ
ajird-1537	163	5	for	for	ADP
ajird-1537	163	6	funding	fund	VERB
ajird-1537	163	7	public	public	ADJ
ajird-1537	163	8	initiatives	initiative	NOUN
ajird-1537	163	9	,	,	PUNCT
ajird-1537	163	10	business	business	NOUN
ajird-1537	163	11	growth	growth	NOUN
ajird-1537	163	12	,	,	PUNCT
ajird-1537	163	13	and	and	CCONJ
ajird-1537	163	14	infrastructure	infrastructure	NOUN
ajird-1537	163	15	development	development	NOUN
ajird-1537	163	16	.	.	PUNCT
ajird-1537	164	1	they	they	PRON
ajird-1537	164	2	significantly	significantly	ADV
ajird-1537	164	3	influence	influence	VERB
ajird-1537	164	4	interest	interest	NOUN
ajird-1537	164	5	rates	rate	NOUN
ajird-1537	164	6	and	and	CCONJ
ajird-1537	164	7	monetary	monetary	ADJ
ajird-1537	164	8	policy	policy	NOUN
ajird-1537	164	9	.	.	PUNCT
ajird-1537	165	1	v	v	X
ajird-1537	165	2	)	)	PUNCT
ajird-1537	165	3	regulatory	regulatory	ADJ
ajird-1537	165	4	framework	framework	NOUN
ajird-1537	165	5	the	the	DET
ajird-1537	165	6	financial	financial	ADJ
ajird-1537	165	7	system	system	NOUN
ajird-1537	165	8	of	of	ADP
ajird-1537	165	9	london	london	PROPN
ajird-1537	165	10	is	be	AUX
ajird-1537	165	11	underpinned	underpin	VERB
ajird-1537	165	12	by	by	ADP
ajird-1537	165	13	a	a	DET
ajird-1537	165	14	thorough	thorough	ADJ
ajird-1537	165	15	and	and	CCONJ
ajird-1537	165	16	transparent	transparent	ADJ
ajird-1537	165	17	regulatory	regulatory	ADJ
ajird-1537	165	18	structure	structure	NOUN
ajird-1537	165	19	.	.	PUNCT
ajird-1537	166	1	the	the	DET
ajird-1537	166	2	financial	financial	ADJ
ajird-1537	166	3	conduct	conduct	NOUN
ajird-1537	166	4	authority	authority	NOUN
ajird-1537	166	5	(	(	PUNCT
ajird-1537	166	6	fca	fca	PROPN
ajird-1537	166	7	)	)	PUNCT
ajird-1537	166	8	and	and	CCONJ
ajird-1537	166	9	the	the	DET
ajird-1537	166	10	prudential	prudential	ADJ
ajird-1537	166	11	regulation	regulation	PROPN
ajird-1537	166	12	authority	authority	NOUN
ajird-1537	166	13	(	(	PUNCT
ajird-1537	166	14	pra	pra	PROPN
ajird-1537	166	15	)	)	PUNCT
ajird-1537	166	16	are	be	AUX
ajird-1537	166	17	the	the	DET
ajird-1537	166	18	primary	primary	ADJ
ajird-1537	166	19	regulatory	regulatory	ADJ
ajird-1537	166	20	entities	entity	NOUN
ajird-1537	166	21	supervising	supervise	VERB
ajird-1537	166	22	financial	financial	ADJ
ajird-1537	166	23	firms	firm	NOUN
ajird-1537	166	24	in	in	ADP
ajird-1537	166	25	the	the	DET
ajird-1537	166	26	city	city	NOUN
ajird-1537	166	27	(	(	PUNCT
ajird-1537	166	28	financial	financial	ADJ
ajird-1537	166	29	conduct	conduct	NOUN
ajird-1537	166	30	authority	authority	NOUN
ajird-1537	166	31	,	,	PUNCT
ajird-1537	166	32	2023	2023	NUM
ajird-1537	166	33	)	)	PUNCT
ajird-1537	166	34	.	.	PUNCT
ajird-1537	167	1	these	these	DET
ajird-1537	167	2	authorities	authority	NOUN
ajird-1537	167	3	uphold	uphold	VERB
ajird-1537	167	4	the	the	DET
ajird-1537	167	5	integrity	integrity	NOUN
ajird-1537	167	6	,	,	PUNCT
ajird-1537	167	7	equity	equity	NOUN
ajird-1537	167	8	,	,	PUNCT
ajird-1537	167	9	and	and	CCONJ
ajird-1537	167	10	stability	stability	NOUN
ajird-1537	167	11	of	of	ADP
ajird-1537	167	12	london	london	PROPN
ajird-1537	167	13	’s	’s	PART
ajird-1537	167	14	financial	financial	ADJ
ajird-1537	167	15	markets	market	NOUN
ajird-1537	167	16	,	,	PUNCT
ajird-1537	167	17	establishing	establish	VERB
ajird-1537	167	18	a	a	DET
ajird-1537	167	19	framework	framework	NOUN
ajird-1537	167	20	that	that	PRON
ajird-1537	167	21	enables	enable	VERB
ajird-1537	167	22	financial	financial	ADJ
ajird-1537	167	23	businesses	business	NOUN
ajird-1537	167	24	to	to	PART
ajird-1537	167	25	operate	operate	VERB
ajird-1537	167	26	securely	securely	ADV
ajird-1537	167	27	and	and	CCONJ
ajird-1537	167	28	effectively	effectively	ADV
ajird-1537	167	29	.	.	PUNCT
ajird-1537	168	1	notwithstanding	notwithstanding	ADP
ajird-1537	168	2	the	the	DET
ajird-1537	168	3	uncertainty	uncertainty	NOUN
ajird-1537	168	4	associated	associate	VERB
ajird-1537	168	5	with	with	ADP
ajird-1537	168	6	brexit	brexit	NOUN
ajird-1537	168	7	,	,	PUNCT
ajird-1537	168	8	london	london	PROPN
ajird-1537	168	9	persists	persist	VERB
ajird-1537	168	10	as	as	ADP
ajird-1537	168	11	a	a	DET
ajird-1537	168	12	rigorously	rigorously	ADV
ajird-1537	168	13	regulated	regulate	VERB
ajird-1537	168	14	and	and	CCONJ
ajird-1537	168	15	reputable	reputable	ADJ
ajird-1537	168	16	financial	financial	ADJ
ajird-1537	168	17	hub	hub	NOUN
ajird-1537	168	18	,	,	PUNCT
ajird-1537	168	19	consistently	consistently	ADV
ajird-1537	168	20	drawing	draw	VERB
ajird-1537	168	21	global	global	ADJ
ajird-1537	168	22	money	money	NOUN
ajird-1537	168	23	and	and	CCONJ
ajird-1537	168	24	sustaining	sustain	VERB
ajird-1537	168	25	its	its	PRON
ajird-1537	168	26	pre	pre	NOUN
ajird-1537	168	27	-	-	NOUN
ajird-1537	168	28	eminence	eminence	NOUN
ajird-1537	168	29	in	in	ADP
ajird-1537	168	30	several	several	ADJ
ajird-1537	168	31	critical	critical	ADJ
ajird-1537	168	32	financial	financial	ADJ
ajird-1537	168	33	markets	market	NOUN
ajird-1537	168	34	.	.	PUNCT
ajird-1537	169	1	(	(	PUNCT
ajird-1537	169	2	financial	financial	ADJ
ajird-1537	169	3	times	time	NOUN
ajird-1537	169	4	,	,	PUNCT
ajird-1537	169	5	2023	2023	NUM
ajird-1537	169	6	)	)	PUNCT
ajird-1537	170	1	tokyo	tokyo	PROPN
ajird-1537	170	2	tokyo	tokyo	PROPN
ajird-1537	170	3	's	's	PART
ajird-1537	170	4	banking	banking	NOUN
ajird-1537	170	5	system	system	NOUN
ajird-1537	170	6	is	be	AUX
ajird-1537	170	7	pivotal	pivotal	ADJ
ajird-1537	170	8	to	to	ADP
ajird-1537	170	9	japan	japan	PROPN
ajird-1537	170	10	's	's	PART
ajird-1537	170	11	economy	economy	NOUN
ajird-1537	170	12	,	,	PUNCT
ajird-1537	170	13	the	the	DET
ajird-1537	170	14	third	third	ADV
ajird-1537	170	15	-	-	PUNCT
ajird-1537	170	16	largest	large	ADJ
ajird-1537	170	17	globally	globally	ADV
ajird-1537	170	18	.	.	PUNCT
ajird-1537	171	1	the	the	DET
ajird-1537	171	2	financial	financial	ADJ
ajird-1537	171	3	markets	market	NOUN
ajird-1537	171	4	of	of	ADP
ajird-1537	171	5	the	the	DET
ajird-1537	171	6	city	city	NOUN
ajird-1537	171	7	are	be	AUX
ajird-1537	171	8	recognised	recognise	VERB
ajird-1537	171	9	for	for	ADP
ajird-1537	171	10	their	their	PRON
ajird-1537	171	11	depth	depth	NOUN
ajird-1537	171	12	,	,	PUNCT
ajird-1537	171	13	especially	especially	ADV
ajird-1537	171	14	in	in	ADP
ajird-1537	171	15	stocks	stock	NOUN
ajird-1537	171	16	and	and	CCONJ
ajird-1537	171	17	government	government	NOUN
ajird-1537	171	18	bonds	bond	NOUN
ajird-1537	171	19	,	,	PUNCT
ajird-1537	171	20	and	and	CCONJ
ajird-1537	171	21	its	its	PRON
ajird-1537	171	22	financial	financial	ADJ
ajird-1537	171	23	institutions	institution	NOUN
ajird-1537	171	24	are	be	AUX
ajird-1537	171	25	among	among	ADP
ajird-1537	171	26	the	the	DET
ajird-1537	171	27	largest	large	ADJ
ajird-1537	171	28	globally	globally	ADV
ajird-1537	171	29	by	by	ADP
ajird-1537	171	30	assets	asset	NOUN
ajird-1537	171	31	.	.	PUNCT
ajird-1537	172	1	american	american	ADJ
ajird-1537	172	2	journal	journal	PROPN
ajird-1537	172	3	of	of	ADP
ajird-1537	172	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	172	5	research	research	NOUN
ajird-1537	172	6	and	and	CCONJ
ajird-1537	172	7	development	development	NOUN
ajird-1537	172	8	issn	issn	PROPN
ajird-1537	172	9	online	online	NOUN
ajird-1537	172	10	:	:	PUNCT
ajird-1537	172	11	2771	2771	NUM
ajird-1537	172	12	-	-	SYM
ajird-1537	172	13	8948	8948	NUM
ajird-1537	172	14	website	website	NOUN
ajird-1537	172	15	:	:	PUNCT
ajird-1537	172	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	172	17	volume	volume	NOUN
ajird-1537	172	18	39	39	NUM
ajird-1537	172	19	,	,	PUNCT
ajird-1537	172	20	april	april	PROPN
ajird-1537	172	21	2025	2025	NUM
ajird-1537	172	22	71	71	NUM
ajird-1537	173	1	|	|	ADV
ajird-1537	173	2	p	p	NOUN
ajird-1537	173	3	a	a	DET
ajird-1537	173	4	g	g	NOUN
ajird-1537	173	5	e	e	PROPN
ajird-1537	173	6	i	i	PROPN
ajird-1537	173	7	)	)	PUNCT
ajird-1537	173	8	tokyo	tokyo	PROPN
ajird-1537	173	9	stock	stock	NOUN
ajird-1537	173	10	exchange	exchange	PROPN
ajird-1537	173	11	(	(	PUNCT
ajird-1537	173	12	tse	tse	PROPN
ajird-1537	173	13	):	):	PUNCT
ajird-1537	173	14	the	the	DET
ajird-1537	173	15	tokyo	tokyo	PROPN
ajird-1537	173	16	stock	stock	NOUN
ajird-1537	173	17	exchange	exchange	NOUN
ajird-1537	173	18	(	(	PUNCT
ajird-1537	173	19	tse	tse	PROPN
ajird-1537	173	20	)	)	PUNCT
ajird-1537	173	21	is	be	AUX
ajird-1537	173	22	among	among	ADP
ajird-1537	173	23	the	the	DET
ajird-1537	173	24	greatest	great	ADJ
ajird-1537	173	25	stock	stock	NOUN
ajird-1537	173	26	exchanges	exchange	NOUN
ajird-1537	173	27	worldwide	worldwide	ADV
ajird-1537	173	28	by	by	ADP
ajird-1537	173	29	market	market	NOUN
ajird-1537	173	30	capitalisation	capitalisation	NOUN
ajird-1537	173	31	,	,	PUNCT
ajird-1537	173	32	emphasising	emphasise	VERB
ajird-1537	173	33	both	both	CCONJ
ajird-1537	173	34	domestic	domestic	ADJ
ajird-1537	173	35	and	and	CCONJ
ajird-1537	173	36	foreign	foreign	ADJ
ajird-1537	173	37	firms	firm	NOUN
ajird-1537	173	38	(	(	PUNCT
ajird-1537	173	39	tokyo	tokyo	PROPN
ajird-1537	173	40	stock	stock	NOUN
ajird-1537	173	41	exchange	exchange	NOUN
ajird-1537	173	42	,	,	PUNCT
ajird-1537	173	43	2023	2023	NUM
ajird-1537	173	44	)	)	PUNCT
ajird-1537	173	45	.	.	PUNCT
ajird-1537	174	1	the	the	DET
ajird-1537	174	2	tse	tse	PROPN
ajird-1537	174	3	hosts	host	NOUN
ajird-1537	174	4	many	many	ADJ
ajird-1537	174	5	of	of	ADP
ajird-1537	174	6	the	the	DET
ajird-1537	174	7	globe	globe	NOUN
ajird-1537	174	8	's	's	PART
ajird-1537	174	9	major	major	ADJ
ajird-1537	174	10	firms	firm	NOUN
ajird-1537	174	11	,	,	PUNCT
ajird-1537	174	12	including	include	VERB
ajird-1537	174	13	toyota	toyota	PROPN
ajird-1537	174	14	,	,	PUNCT
ajird-1537	174	15	sony	sony	PROPN
ajird-1537	174	16	,	,	PUNCT
ajird-1537	174	17	and	and	CCONJ
ajird-1537	174	18	softbank	softbank	NOUN
ajird-1537	174	19	.	.	PUNCT
ajird-1537	175	1	the	the	DET
ajird-1537	175	2	equities	equity	NOUN
ajird-1537	175	3	market	market	NOUN
ajird-1537	175	4	in	in	ADP
ajird-1537	175	5	japan	japan	PROPN
ajird-1537	175	6	is	be	AUX
ajird-1537	175	7	defined	define	VERB
ajird-1537	175	8	by	by	ADP
ajird-1537	175	9	long	long	ADJ
ajird-1537	175	10	-	-	PUNCT
ajird-1537	175	11	term	term	NOUN
ajird-1537	175	12	investing	investing	NOUN
ajird-1537	175	13	strategies	strategy	NOUN
ajird-1537	175	14	,	,	PUNCT
ajird-1537	175	15	with	with	ADP
ajird-1537	175	16	a	a	DET
ajird-1537	175	17	substantial	substantial	ADJ
ajird-1537	175	18	involvement	involvement	NOUN
ajird-1537	175	19	of	of	ADP
ajird-1537	175	20	institutional	institutional	ADJ
ajird-1537	175	21	investors	investor	NOUN
ajird-1537	175	22	.	.	PUNCT
ajird-1537	176	1	although	although	SCONJ
ajird-1537	176	2	the	the	DET
ajird-1537	176	3	market	market	NOUN
ajird-1537	176	4	lacks	lack	VERB
ajird-1537	176	5	the	the	DET
ajird-1537	176	6	liquidity	liquidity	NOUN
ajird-1537	176	7	of	of	ADP
ajird-1537	176	8	new	new	PROPN
ajird-1537	176	9	york	york	PROPN
ajird-1537	176	10	or	or	CCONJ
ajird-1537	176	11	london	london	PROPN
ajird-1537	176	12	,	,	PUNCT
ajird-1537	176	13	the	the	DET
ajird-1537	176	14	tse	tse	PROPN
ajird-1537	176	15	is	be	AUX
ajird-1537	176	16	an	an	DET
ajird-1537	176	17	essential	essential	ADJ
ajird-1537	176	18	element	element	NOUN
ajird-1537	176	19	of	of	ADP
ajird-1537	176	20	the	the	DET
ajird-1537	176	21	global	global	ADJ
ajird-1537	176	22	financial	financial	ADJ
ajird-1537	176	23	system	system	NOUN
ajird-1537	176	24	,	,	PUNCT
ajird-1537	176	25	particularly	particularly	ADV
ajird-1537	176	26	in	in	ADP
ajird-1537	176	27	asia	asia	PROPN
ajird-1537	176	28	.	.	PUNCT
ajird-1537	177	1	ii	ii	PROPN
ajird-1537	177	2	)	)	PUNCT
ajird-1537	177	3	fixed	fix	VERB
ajird-1537	177	4	income	income	NOUN
ajird-1537	177	5	markets	market	NOUN
ajird-1537	177	6	:	:	PUNCT
ajird-1537	177	7	the	the	DET
ajird-1537	177	8	bond	bond	NOUN
ajird-1537	177	9	market	market	NOUN
ajird-1537	177	10	in	in	ADP
ajird-1537	177	11	japan	japan	PROPN
ajird-1537	177	12	,	,	PUNCT
ajird-1537	177	13	especially	especially	ADV
ajird-1537	177	14	its	its	PRON
ajird-1537	177	15	government	government	NOUN
ajird-1537	177	16	bonds	bond	NOUN
ajird-1537	177	17	(	(	PUNCT
ajird-1537	177	18	japanese	japanese	ADJ
ajird-1537	177	19	government	government	NOUN
ajird-1537	177	20	bonds	bond	NOUN
ajird-1537	177	21	or	or	CCONJ
ajird-1537	177	22	jgbs	jgbs	NOUN
ajird-1537	177	23	)	)	PUNCT
ajird-1537	177	24	,	,	PUNCT
ajird-1537	177	25	is	be	AUX
ajird-1537	177	26	among	among	ADP
ajird-1537	177	27	the	the	DET
ajird-1537	177	28	largest	large	ADJ
ajird-1537	177	29	and	and	CCONJ
ajird-1537	177	30	most	most	ADV
ajird-1537	177	31	liquid	liquid	ADJ
ajird-1537	177	32	globally	globally	ADV
ajird-1537	177	33	.	.	PUNCT
ajird-1537	178	1	the	the	DET
ajird-1537	178	2	jgb	jgb	PROPN
ajird-1537	178	3	market	market	NOUN
ajird-1537	178	4	is	be	AUX
ajird-1537	178	5	fundamental	fundamental	ADJ
ajird-1537	178	6	to	to	ADP
ajird-1537	178	7	the	the	DET
ajird-1537	178	8	nation	nation	NOUN
ajird-1537	178	9	's	's	PART
ajird-1537	178	10	financial	financial	ADJ
ajird-1537	178	11	system	system	NOUN
ajird-1537	178	12	,	,	PUNCT
ajird-1537	178	13	offering	offer	VERB
ajird-1537	178	14	a	a	DET
ajird-1537	178	15	lowrisk	lowrisk	NOUN
ajird-1537	178	16	investment	investment	NOUN
ajird-1537	178	17	option	option	NOUN
ajird-1537	178	18	for	for	ADP
ajird-1537	178	19	both	both	CCONJ
ajird-1537	178	20	local	local	ADJ
ajird-1537	178	21	and	and	CCONJ
ajird-1537	178	22	foreign	foreign	ADJ
ajird-1537	178	23	investors	investor	NOUN
ajird-1537	178	24	(	(	PUNCT
ajird-1537	178	25	tokyo	tokyo	PROPN
ajird-1537	178	26	stock	stock	NOUN
ajird-1537	178	27	exchange	exchange	NOUN
ajird-1537	178	28	,	,	PUNCT
ajird-1537	178	29	2023	2023	NUM
ajird-1537	178	30	)	)	PUNCT
ajird-1537	178	31	.	.	PUNCT
ajird-1537	179	1	the	the	DET
ajird-1537	179	2	bank	bank	PROPN
ajird-1537	179	3	of	of	ADP
ajird-1537	179	4	japan	japan	PROPN
ajird-1537	179	5	's	's	PART
ajird-1537	179	6	enduring	endure	VERB
ajird-1537	179	7	low	low	ADJ
ajird-1537	179	8	-	-	PUNCT
ajird-1537	179	9	interest	interest	NOUN
ajird-1537	179	10	rate	rate	NOUN
ajird-1537	179	11	monetary	monetary	ADJ
ajird-1537	179	12	policy	policy	NOUN
ajird-1537	179	13	has	have	AUX
ajird-1537	179	14	maintained	maintain	VERB
ajird-1537	179	15	relatively	relatively	ADV
ajird-1537	179	16	low	low	ADJ
ajird-1537	179	17	yields	yield	NOUN
ajird-1537	179	18	on	on	ADP
ajird-1537	179	19	japanese	japanese	ADJ
ajird-1537	179	20	government	government	NOUN
ajird-1537	179	21	bonds	bond	NOUN
ajird-1537	179	22	(	(	PUNCT
ajird-1537	179	23	jgbs	jgbs	NOUN
ajird-1537	179	24	)	)	PUNCT
ajird-1537	179	25	,	,	PUNCT
ajird-1537	179	26	however	however	ADV
ajird-1537	179	27	the	the	DET
ajird-1537	179	28	market	market	NOUN
ajird-1537	179	29	continues	continue	VERB
ajird-1537	179	30	to	to	PART
ajird-1537	179	31	be	be	AUX
ajird-1537	179	32	appealing	appeal	VERB
ajird-1537	179	33	owing	owe	VERB
ajird-1537	179	34	to	to	ADP
ajird-1537	179	35	its	its	PRON
ajird-1537	179	36	perceived	perceive	VERB
ajird-1537	179	37	stability	stability	NOUN
ajird-1537	179	38	.	.	PUNCT
ajird-1537	180	1	iii	iii	X
ajird-1537	180	2	)	)	PUNCT
ajird-1537	180	3	financial	financial	ADJ
ajird-1537	180	4	services	service	NOUN
ajird-1537	180	5	sector	sector	NOUN
ajird-1537	180	6	:	:	PUNCT
ajird-1537	180	7	the	the	DET
ajird-1537	180	8	banking	banking	NOUN
ajird-1537	180	9	sector	sector	NOUN
ajird-1537	180	10	in	in	ADP
ajird-1537	180	11	tokyo	tokyo	PROPN
ajird-1537	180	12	is	be	AUX
ajird-1537	180	13	characterised	characterise	VERB
ajird-1537	180	14	by	by	ADP
ajird-1537	180	15	significant	significant	ADJ
ajird-1537	180	16	concentration	concentration	NOUN
ajird-1537	180	17	,	,	PUNCT
ajird-1537	180	18	with	with	ADP
ajird-1537	180	19	a	a	DET
ajird-1537	180	20	few	few	ADJ
ajird-1537	180	21	megabanks	megabank	NOUN
ajird-1537	180	22	prevailing	prevail	VERB
ajird-1537	180	23	in	in	ADP
ajird-1537	180	24	the	the	DET
ajird-1537	180	25	market	market	NOUN
ajird-1537	180	26	.	.	PUNCT
ajird-1537	181	1	mitsubishi	mitsubishi	PROPN
ajird-1537	181	2	ufj	ufj	PROPN
ajird-1537	181	3	financial	financial	PROPN
ajird-1537	181	4	group	group	NOUN
ajird-1537	181	5	,	,	PUNCT
ajird-1537	181	6	sumitomo	sumitomo	PROPN
ajird-1537	181	7	mitsui	mitsui	PROPN
ajird-1537	181	8	financial	financial	PROPN
ajird-1537	181	9	corporation	corporation	NOUN
ajird-1537	181	10	,	,	PUNCT
ajird-1537	181	11	and	and	CCONJ
ajird-1537	181	12	mizuho	mizuho	PROPN
ajird-1537	181	13	financial	financial	ADJ
ajird-1537	181	14	group	group	NOUN
ajird-1537	181	15	are	be	AUX
ajird-1537	181	16	the	the	DET
ajird-1537	181	17	three	three	NUM
ajird-1537	181	18	preeminent	preeminent	ADJ
ajird-1537	181	19	financial	financial	ADJ
ajird-1537	181	20	organisations	organisation	NOUN
ajird-1537	181	21	in	in	ADP
ajird-1537	181	22	japan	japan	PROPN
ajird-1537	181	23	,	,	PUNCT
ajird-1537	181	24	significantly	significantly	ADV
ajird-1537	181	25	influencing	influence	VERB
ajird-1537	181	26	both	both	DET
ajird-1537	181	27	domestic	domestic	ADJ
ajird-1537	181	28	finance	finance	NOUN
ajird-1537	181	29	and	and	CCONJ
ajird-1537	181	30	international	international	ADJ
ajird-1537	181	31	banking	banking	NOUN
ajird-1537	181	32	(	(	PUNCT
ajird-1537	181	33	bank	bank	NOUN
ajird-1537	181	34	for	for	ADP
ajird-1537	181	35	international	international	ADJ
ajird-1537	181	36	settlements	settlement	NOUN
ajird-1537	181	37	,	,	PUNCT
ajird-1537	181	38	2022	2022	NUM
ajird-1537	181	39	)	)	PUNCT
ajird-1537	181	40	.	.	PUNCT
ajird-1537	182	1	these	these	DET
ajird-1537	182	2	banks	bank	NOUN
ajird-1537	182	3	participate	participate	VERB
ajird-1537	182	4	in	in	ADP
ajird-1537	182	5	many	many	ADJ
ajird-1537	182	6	operations	operation	NOUN
ajird-1537	182	7	,	,	PUNCT
ajird-1537	182	8	encompassing	encompass	VERB
ajird-1537	182	9	retail	retail	ADJ
ajird-1537	182	10	banking	banking	NOUN
ajird-1537	182	11	,	,	PUNCT
ajird-1537	182	12	corporate	corporate	ADJ
ajird-1537	182	13	finance	finance	NOUN
ajird-1537	182	14	,	,	PUNCT
ajird-1537	182	15	wealth	wealth	NOUN
ajird-1537	182	16	management	management	NOUN
ajird-1537	182	17	,	,	PUNCT
ajird-1537	182	18	and	and	CCONJ
ajird-1537	182	19	international	international	ADJ
ajird-1537	182	20	trade	trade	NOUN
ajird-1537	182	21	finance	finance	NOUN
ajird-1537	182	22	.	.	PUNCT
ajird-1537	183	1	the	the	DET
ajird-1537	183	2	banking	banking	NOUN
ajird-1537	183	3	industry	industry	NOUN
ajird-1537	183	4	in	in	ADP
ajird-1537	183	5	japan	japan	PROPN
ajird-1537	183	6	is	be	AUX
ajird-1537	183	7	extensively	extensively	ADV
ajird-1537	183	8	regulated	regulate	VERB
ajird-1537	183	9	,	,	PUNCT
ajird-1537	183	10	with	with	ADP
ajird-1537	183	11	the	the	DET
ajird-1537	183	12	financial	financial	PROPN
ajird-1537	183	13	services	service	NOUN
ajird-1537	183	14	agency	agency	PROPN
ajird-1537	183	15	(	(	PUNCT
ajird-1537	183	16	fsa	fsa	PROPN
ajird-1537	183	17	)	)	PUNCT
ajird-1537	183	18	supervising	supervise	VERB
ajird-1537	183	19	the	the	DET
ajird-1537	183	20	stability	stability	NOUN
ajird-1537	183	21	and	and	CCONJ
ajird-1537	183	22	integrity	integrity	NOUN
ajird-1537	183	23	of	of	ADP
ajird-1537	183	24	the	the	DET
ajird-1537	183	25	financial	financial	ADJ
ajird-1537	183	26	system	system	NOUN
ajird-1537	183	27	.	.	PUNCT
ajird-1537	184	1	iv	iv	X
ajird-1537	184	2	)	)	PUNCT
ajird-1537	184	3	derivative	derivative	ADJ
ajird-1537	184	4	and	and	CCONJ
ajird-1537	184	5	futures	future	NOUN
ajird-1537	184	6	markets	market	NOUN
ajird-1537	184	7	:	:	PUNCT
ajird-1537	184	8	tokyo	tokyo	PROPN
ajird-1537	184	9	serves	serve	VERB
ajird-1537	184	10	as	as	ADP
ajird-1537	184	11	a	a	DET
ajird-1537	184	12	significant	significant	ADJ
ajird-1537	184	13	hub	hub	NOUN
ajird-1537	184	14	for	for	ADP
ajird-1537	184	15	derivatives	derivative	NOUN
ajird-1537	184	16	and	and	CCONJ
ajird-1537	184	17	futures	future	NOUN
ajird-1537	184	18	trading	trading	NOUN
ajird-1537	184	19	.	.	PUNCT
ajird-1537	185	1	the	the	DET
ajird-1537	185	2	tokyo	tokyo	PROPN
ajird-1537	185	3	financial	financial	ADJ
ajird-1537	185	4	currency	currency	NOUN
ajird-1537	185	5	(	(	PUNCT
ajird-1537	185	6	tfx	tfx	PROPN
ajird-1537	185	7	)	)	PUNCT
ajird-1537	185	8	and	and	CCONJ
ajird-1537	185	9	the	the	DET
ajird-1537	185	10	osaka	osaka	PROPN
ajird-1537	185	11	exchange	exchange	PROPN
ajird-1537	185	12	(	(	PUNCT
ajird-1537	185	13	ose	ose	NOUN
ajird-1537	185	14	)	)	PUNCT
ajird-1537	185	15	are	be	AUX
ajird-1537	185	16	essential	essential	ADJ
ajird-1537	185	17	venues	venue	NOUN
ajird-1537	185	18	for	for	ADP
ajird-1537	185	19	trading	trade	VERB
ajird-1537	185	20	financial	financial	ADJ
ajird-1537	185	21	derivatives	derivative	NOUN
ajird-1537	185	22	,	,	PUNCT
ajird-1537	185	23	including	include	VERB
ajird-1537	185	24	as	as	ADP
ajird-1537	185	25	interest	interest	NOUN
ajird-1537	185	26	rate	rate	NOUN
ajird-1537	185	27	futures	future	NOUN
ajird-1537	185	28	,	,	PUNCT
ajird-1537	185	29	stock	stock	NOUN
ajird-1537	185	30	index	index	NOUN
ajird-1537	185	31	futures	future	NOUN
ajird-1537	185	32	,	,	PUNCT
ajird-1537	185	33	and	and	CCONJ
ajird-1537	185	34	foreign	foreign	ADJ
ajird-1537	185	35	currency	currency	NOUN
ajird-1537	185	36	derivatives	derivative	NOUN
ajird-1537	185	37	(	(	PUNCT
ajird-1537	185	38	tokyo	tokyo	PROPN
ajird-1537	185	39	stock	stock	NOUN
ajird-1537	185	40	exchange	exchange	NOUN
ajird-1537	185	41	,	,	PUNCT
ajird-1537	185	42	2023	2023	NUM
ajird-1537	185	43	)	)	PUNCT
ajird-1537	185	44	.	.	PUNCT
ajird-1537	186	1	these	these	DET
ajird-1537	186	2	markets	market	NOUN
ajird-1537	186	3	are	be	AUX
ajird-1537	186	4	essential	essential	ADJ
ajird-1537	186	5	for	for	ADP
ajird-1537	186	6	risk	risk	NOUN
ajird-1537	186	7	management	management	NOUN
ajird-1537	186	8	,	,	PUNCT
ajird-1537	186	9	enabling	enable	VERB
ajird-1537	186	10	investors	investor	NOUN
ajird-1537	186	11	and	and	CCONJ
ajird-1537	186	12	organisations	organisation	NOUN
ajird-1537	186	13	to	to	PART
ajird-1537	186	14	hedge	hedge	VERB
ajird-1537	186	15	against	against	ADP
ajird-1537	186	16	variations	variation	NOUN
ajird-1537	186	17	in	in	ADP
ajird-1537	186	18	interest	interest	NOUN
ajird-1537	186	19	rates	rate	NOUN
ajird-1537	186	20	,	,	PUNCT
ajird-1537	186	21	stock	stock	NOUN
ajird-1537	186	22	prices	price	NOUN
ajird-1537	186	23	,	,	PUNCT
ajird-1537	186	24	and	and	CCONJ
ajird-1537	186	25	currency	currency	NOUN
ajird-1537	186	26	values	value	NOUN
ajird-1537	186	27	.	.	PUNCT
ajird-1537	187	1	nigeria	nigeria	PROPN
ajird-1537	187	2	nigeria	nigeria	PROPN
ajird-1537	187	3	's	's	PART
ajird-1537	187	4	financial	financial	ADJ
ajird-1537	187	5	sector	sector	NOUN
ajird-1537	187	6	is	be	AUX
ajird-1537	187	7	a	a	DET
ajird-1537	187	8	nascent	nascent	ADJ
ajird-1537	187	9	frontier	frontier	NOUN
ajird-1537	187	10	market	market	NOUN
ajird-1537	187	11	,	,	PUNCT
ajird-1537	187	12	currently	currently	ADV
ajird-1537	187	13	in	in	ADP
ajird-1537	187	14	developing	develop	VERB
ajird-1537	187	15	phases	phase	NOUN
ajird-1537	187	16	while	while	SCONJ
ajird-1537	187	17	exhibiting	exhibit	VERB
ajird-1537	187	18	considerable	considerable	ADJ
ajird-1537	187	19	growth	growth	NOUN
ajird-1537	187	20	potential	potential	NOUN
ajird-1537	187	21	.	.	PUNCT
ajird-1537	188	1	nigeria	nigeria	PROPN
ajird-1537	188	2	,	,	PUNCT
ajird-1537	188	3	as	as	ADP
ajird-1537	188	4	africa	africa	PROPN
ajird-1537	188	5	's	's	PART
ajird-1537	188	6	largest	large	ADJ
ajird-1537	188	7	economy	economy	NOUN
ajird-1537	188	8	,	,	PUNCT
ajird-1537	188	9	possesses	possess	VERB
ajird-1537	188	10	financial	financial	ADJ
ajird-1537	188	11	markets	market	NOUN
ajird-1537	188	12	that	that	PRON
ajird-1537	188	13	are	be	AUX
ajird-1537	188	14	vital	vital	ADJ
ajird-1537	188	15	to	to	ADP
ajird-1537	188	16	the	the	DET
ajird-1537	188	17	continent	continent	NOUN
ajird-1537	188	18	's	's	PART
ajird-1537	188	19	economic	economic	ADJ
ajird-1537	188	20	outlook	outlook	NOUN
ajird-1537	188	21	.	.	PUNCT
ajird-1537	189	1	however	however	ADV
ajird-1537	189	2	,	,	PUNCT
ajird-1537	189	3	they	they	PRON
ajird-1537	189	4	american	american	PROPN
ajird-1537	189	5	journal	journal	PROPN
ajird-1537	189	6	of	of	ADP
ajird-1537	189	7	interdisciplinary	interdisciplinary	ADJ
ajird-1537	189	8	research	research	NOUN
ajird-1537	189	9	and	and	CCONJ
ajird-1537	189	10	development	development	NOUN
ajird-1537	189	11	issn	issn	PROPN
ajird-1537	189	12	online	online	NOUN
ajird-1537	189	13	:	:	PUNCT
ajird-1537	189	14	2771	2771	NUM
ajird-1537	189	15	-	-	SYM
ajird-1537	189	16	8948	8948	NUM
ajird-1537	189	17	website	website	NOUN
ajird-1537	189	18	:	:	PUNCT
ajird-1537	189	19	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	189	20	volume	volume	NOUN
ajird-1537	189	21	39	39	NUM
ajird-1537	189	22	,	,	PUNCT
ajird-1537	189	23	april	april	PROPN
ajird-1537	189	24	2025	2025	NUM
ajird-1537	189	25	72	72	NUM
ajird-1537	190	1	|	|	ADV
ajird-1537	190	2	p	p	ADP
ajird-1537	190	3	a	a	DET
ajird-1537	190	4	g	g	NOUN
ajird-1537	190	5	e	e	NOUN
ajird-1537	190	6	encounter	encounter	VERB
ajird-1537	190	7	several	several	ADJ
ajird-1537	190	8	problems	problem	NOUN
ajird-1537	190	9	,	,	PUNCT
ajird-1537	190	10	such	such	ADJ
ajird-1537	190	11	as	as	ADP
ajird-1537	190	12	political	political	ADJ
ajird-1537	190	13	instability	instability	NOUN
ajird-1537	190	14	,	,	PUNCT
ajird-1537	190	15	regulatory	regulatory	ADJ
ajird-1537	190	16	inefficiency	inefficiency	NOUN
ajird-1537	190	17	,	,	PUNCT
ajird-1537	190	18	and	and	CCONJ
ajird-1537	190	19	infrastructural	infrastructural	ADJ
ajird-1537	190	20	deficiencies	deficiency	NOUN
ajird-1537	190	21	.	.	PUNCT
ajird-1537	191	1	i	i	PRON
ajird-1537	191	2	)	)	PUNCT
ajird-1537	191	3	nigerian	nigerian	ADJ
ajird-1537	191	4	stock	stock	NOUN
ajird-1537	191	5	exchange	exchange	PROPN
ajird-1537	191	6	(	(	PUNCT
ajird-1537	191	7	nse	nse	NOUN
ajird-1537	191	8	):	):	PUNCT
ajird-1537	191	9	the	the	DET
ajird-1537	191	10	nigerian	nigerian	ADJ
ajird-1537	191	11	stock	stock	NOUN
ajird-1537	191	12	exchange	exchange	PROPN
ajird-1537	191	13	(	(	PUNCT
ajird-1537	191	14	nse	nse	NOUN
ajird-1537	191	15	)	)	PUNCT
ajird-1537	191	16	serves	serve	VERB
ajird-1537	191	17	as	as	ADP
ajird-1537	191	18	the	the	DET
ajird-1537	191	19	principal	principal	ADJ
ajird-1537	191	20	venue	venue	NOUN
ajird-1537	191	21	for	for	ADP
ajird-1537	191	22	stock	stock	NOUN
ajird-1537	191	23	trading	trading	NOUN
ajird-1537	191	24	in	in	ADP
ajird-1537	191	25	nigeria	nigeria	PROPN
ajird-1537	191	26	.	.	PUNCT
ajird-1537	192	1	despite	despite	SCONJ
ajird-1537	192	2	being	be	AUX
ajird-1537	192	3	comparatively	comparatively	ADV
ajird-1537	192	4	smaller	small	ADJ
ajird-1537	192	5	than	than	ADP
ajird-1537	192	6	new	new	PROPN
ajird-1537	192	7	york	york	PROPN
ajird-1537	192	8	,	,	PUNCT
ajird-1537	192	9	london	london	PROPN
ajird-1537	192	10	,	,	PUNCT
ajird-1537	192	11	or	or	CCONJ
ajird-1537	192	12	tokyo	tokyo	PROPN
ajird-1537	192	13	,	,	PUNCT
ajird-1537	192	14	the	the	DET
ajird-1537	192	15	nse	nse	NOUN
ajird-1537	192	16	has	have	AUX
ajird-1537	192	17	had	have	VERB
ajird-1537	192	18	consistent	consistent	ADJ
ajird-1537	192	19	growth	growth	NOUN
ajird-1537	192	20	,	,	PUNCT
ajird-1537	192	21	attracting	attract	VERB
ajird-1537	192	22	more	more	ADJ
ajird-1537	192	23	involvement	involvement	NOUN
ajird-1537	192	24	from	from	ADP
ajird-1537	192	25	both	both	CCONJ
ajird-1537	192	26	domestic	domestic	ADJ
ajird-1537	192	27	and	and	CCONJ
ajird-1537	192	28	foreign	foreign	ADJ
ajird-1537	192	29	investors	investor	NOUN
ajird-1537	192	30	(	(	PUNCT
ajird-1537	192	31	nigerian	nigerian	ADJ
ajird-1537	192	32	exchange	exchange	NOUN
ajird-1537	192	33	group	group	NOUN
ajird-1537	192	34	,	,	PUNCT
ajird-1537	192	35	2023	2023	NUM
ajird-1537	192	36	)	)	PUNCT
ajird-1537	192	37	.	.	PUNCT
ajird-1537	193	1	the	the	DET
ajird-1537	193	2	nse	nse	NOUN
ajird-1537	193	3	enumerates	enumerate	VERB
ajird-1537	193	4	several	several	ADJ
ajird-1537	193	5	prominent	prominent	ADJ
ajird-1537	193	6	organisations	organisation	NOUN
ajird-1537	193	7	in	in	ADP
ajird-1537	193	8	nigeria	nigeria	PROPN
ajird-1537	193	9	,	,	PUNCT
ajird-1537	193	10	encompassing	encompass	VERB
ajird-1537	193	11	the	the	DET
ajird-1537	193	12	banking	banking	NOUN
ajird-1537	193	13	,	,	PUNCT
ajird-1537	193	14	telecommunications	telecommunication	NOUN
ajird-1537	193	15	,	,	PUNCT
ajird-1537	193	16	and	and	CCONJ
ajird-1537	193	17	energy	energy	NOUN
ajird-1537	193	18	industries	industry	NOUN
ajird-1537	193	19	.	.	PUNCT
ajird-1537	194	1	nevertheless	nevertheless	ADV
ajird-1537	194	2	,	,	PUNCT
ajird-1537	194	3	market	market	NOUN
ajird-1537	194	4	liquidity	liquidity	NOUN
ajird-1537	194	5	is	be	AUX
ajird-1537	194	6	a	a	DET
ajird-1537	194	7	hurdle	hurdle	NOUN
ajird-1537	194	8	due	due	ADP
ajird-1537	194	9	to	to	ADP
ajird-1537	194	10	a	a	DET
ajird-1537	194	11	limited	limited	ADJ
ajird-1537	194	12	number	number	NOUN
ajird-1537	194	13	of	of	ADP
ajird-1537	194	14	active	active	ADJ
ajird-1537	194	15	traders	trader	NOUN
ajird-1537	194	16	and	and	CCONJ
ajird-1537	194	17	insufficient	insufficient	ADJ
ajird-1537	194	18	variety	variety	NOUN
ajird-1537	194	19	among	among	ADP
ajird-1537	194	20	listed	list	VERB
ajird-1537	194	21	businesses	business	NOUN
ajird-1537	194	22	.	.	PUNCT
ajird-1537	195	1	ii	ii	X
ajird-1537	195	2	)	)	PUNCT
ajird-1537	195	3	banking	banking	NOUN
ajird-1537	195	4	sector	sector	NOUN
ajird-1537	195	5	:	:	PUNCT
ajird-1537	195	6	the	the	DET
ajird-1537	195	7	banking	banking	NOUN
ajird-1537	195	8	industry	industry	NOUN
ajird-1537	195	9	in	in	ADP
ajird-1537	195	10	nigeria	nigeria	PROPN
ajird-1537	195	11	is	be	AUX
ajird-1537	195	12	among	among	ADP
ajird-1537	195	13	the	the	DET
ajird-1537	195	14	most	most	ADV
ajird-1537	195	15	active	active	ADJ
ajird-1537	195	16	elements	element	NOUN
ajird-1537	195	17	of	of	ADP
ajird-1537	195	18	the	the	DET
ajird-1537	195	19	financial	financial	ADJ
ajird-1537	195	20	system	system	NOUN
ajird-1537	195	21	.	.	PUNCT
ajird-1537	196	1	the	the	DET
ajird-1537	196	2	industry	industry	NOUN
ajird-1537	196	3	is	be	AUX
ajird-1537	196	4	primarily	primarily	ADV
ajird-1537	196	5	controlled	control	VERB
ajird-1537	196	6	by	by	ADP
ajird-1537	196	7	several	several	ADJ
ajird-1537	196	8	major	major	ADJ
ajird-1537	196	9	banks	bank	NOUN
ajird-1537	196	10	,	,	PUNCT
ajird-1537	196	11	such	such	ADJ
ajird-1537	196	12	as	as	ADP
ajird-1537	196	13	first	first	ADJ
ajird-1537	196	14	bank	bank	PROPN
ajird-1537	196	15	of	of	ADP
ajird-1537	196	16	nigeria	nigeria	PROPN
ajird-1537	196	17	,	,	PUNCT
ajird-1537	196	18	uba	uba	PROPN
ajird-1537	196	19	gtbank	gtbank	PROPN
ajird-1537	196	20	,	,	PUNCT
ajird-1537	196	21	access	access	NOUN
ajird-1537	196	22	bank	bank	PROPN
ajird-1537	196	23	and	and	CCONJ
ajird-1537	196	24	zenith	zenith	PROPN
ajird-1537	196	25	bank	bank	NOUN
ajird-1537	196	26	which	which	PRON
ajird-1537	196	27	own	own	VERB
ajird-1537	196	28	vast	vast	ADJ
ajird-1537	196	29	networks	network	NOUN
ajird-1537	196	30	domestically	domestically	ADV
ajird-1537	196	31	and	and	CCONJ
ajird-1537	196	32	outside	outside	ADP
ajird-1537	196	33	africa	africa	PROPN
ajird-1537	196	34	(	(	PUNCT
ajird-1537	196	35	central	central	ADJ
ajird-1537	196	36	bank	bank	PROPN
ajird-1537	196	37	of	of	ADP
ajird-1537	196	38	nigeria	nigeria	PROPN
ajird-1537	196	39	,	,	PUNCT
ajird-1537	196	40	2022	2022	NUM
ajird-1537	196	41	)	)	PUNCT
ajird-1537	196	42	.	.	PUNCT
ajird-1537	197	1	the	the	DET
ajird-1537	197	2	banking	banking	NOUN
ajird-1537	197	3	system	system	NOUN
ajird-1537	197	4	has	have	AUX
ajird-1537	197	5	experienced	experience	VERB
ajird-1537	197	6	substantial	substantial	ADJ
ajird-1537	197	7	reforms	reform	NOUN
ajird-1537	197	8	in	in	ADP
ajird-1537	197	9	recent	recent	ADJ
ajird-1537	197	10	years	year	NOUN
ajird-1537	197	11	,	,	PUNCT
ajird-1537	197	12	focused	focus	VERB
ajird-1537	197	13	on	on	ADP
ajird-1537	197	14	boosting	boost	VERB
ajird-1537	197	15	stability	stability	NOUN
ajird-1537	197	16	,	,	PUNCT
ajird-1537	197	17	decreasing	decrease	VERB
ajird-1537	197	18	non	non	ADJ
ajird-1537	197	19	-	-	ADJ
ajird-1537	197	20	performing	performing	ADJ
ajird-1537	197	21	loans	loan	NOUN
ajird-1537	197	22	,	,	PUNCT
ajird-1537	197	23	and	and	CCONJ
ajird-1537	197	24	improving	improve	VERB
ajird-1537	197	25	regulatory	regulatory	ADJ
ajird-1537	197	26	control	control	NOUN
ajird-1537	197	27	.	.	PUNCT
ajird-1537	198	1	nonetheless	nonetheless	ADV
ajird-1537	198	2	,	,	PUNCT
ajird-1537	198	3	obstacles	obstacle	NOUN
ajird-1537	198	4	persist	persist	VERB
ajird-1537	198	5	,	,	PUNCT
ajird-1537	198	6	especially	especially	ADV
ajird-1537	198	7	regarding	regard	VERB
ajird-1537	198	8	financial	financial	ADJ
ajird-1537	198	9	inclusion	inclusion	NOUN
ajird-1537	198	10	,	,	PUNCT
ajird-1537	198	11	since	since	SCONJ
ajird-1537	198	12	a	a	DET
ajird-1537	198	13	significant	significant	ADJ
ajird-1537	198	14	segment	segment	NOUN
ajird-1537	198	15	of	of	ADP
ajird-1537	198	16	the	the	DET
ajird-1537	198	17	population	population	NOUN
ajird-1537	198	18	continues	continue	VERB
ajird-1537	198	19	to	to	PART
ajird-1537	198	20	lack	lack	VERB
ajird-1537	198	21	access	access	NOUN
ajird-1537	198	22	to	to	ADP
ajird-1537	198	23	formal	formal	ADJ
ajird-1537	198	24	banking	banking	NOUN
ajird-1537	198	25	services	service	NOUN
ajird-1537	198	26	.	.	PUNCT
ajird-1537	199	1	iii	iii	X
ajird-1537	199	2	)	)	PUNCT
ajird-1537	199	3	regulatory	regulatory	ADJ
ajird-1537	199	4	framework	framework	NOUN
ajird-1537	199	5	:	:	PUNCT
ajird-1537	199	6	the	the	DET
ajird-1537	199	7	central	central	ADJ
ajird-1537	199	8	bank	bank	PROPN
ajird-1537	199	9	of	of	ADP
ajird-1537	199	10	nigeria	nigeria	PROPN
ajird-1537	199	11	(	(	PUNCT
ajird-1537	199	12	cbn	cbn	PROPN
ajird-1537	199	13	)	)	PUNCT
ajird-1537	199	14	regulates	regulate	VERB
ajird-1537	199	15	nigeria	nigeria	PROPN
ajird-1537	199	16	's	's	PART
ajird-1537	199	17	financial	financial	ADJ
ajird-1537	199	18	system	system	NOUN
ajird-1537	199	19	,	,	PUNCT
ajird-1537	199	20	overseeing	oversee	VERB
ajird-1537	199	21	the	the	DET
ajird-1537	199	22	banking	banking	NOUN
ajird-1537	199	23	sector	sector	NOUN
ajird-1537	199	24	,	,	PUNCT
ajird-1537	199	25	monetary	monetary	ADJ
ajird-1537	199	26	policy	policy	NOUN
ajird-1537	199	27	,	,	PUNCT
ajird-1537	199	28	and	and	CCONJ
ajird-1537	199	29	financial	financial	ADJ
ajird-1537	199	30	stability	stability	NOUN
ajird-1537	199	31	.	.	PUNCT
ajird-1537	200	1	the	the	DET
ajird-1537	200	2	nigerian	nigerian	ADJ
ajird-1537	200	3	securities	securities	PROPN
ajird-1537	200	4	and	and	CCONJ
ajird-1537	200	5	exchange	exchange	PROPN
ajird-1537	200	6	commission	commission	PROPN
ajird-1537	200	7	(	(	PUNCT
ajird-1537	200	8	sec	sec	PROPN
ajird-1537	200	9	)	)	PUNCT
ajird-1537	200	10	governs	govern	VERB
ajird-1537	200	11	the	the	DET
ajird-1537	200	12	capital	capital	NOUN
ajird-1537	200	13	markets	market	NOUN
ajird-1537	200	14	,	,	PUNCT
ajird-1537	200	15	whilst	whilst	SCONJ
ajird-1537	200	16	the	the	DET
ajird-1537	200	17	national	national	PROPN
ajird-1537	200	18	insurance	insurance	PROPN
ajird-1537	200	19	commission	commission	PROPN
ajird-1537	200	20	(	(	PUNCT
ajird-1537	200	21	naicom	naicom	PROPN
ajird-1537	200	22	)	)	PUNCT
ajird-1537	200	23	supervises	supervise	VERB
ajird-1537	200	24	the	the	DET
ajird-1537	200	25	insurance	insurance	NOUN
ajird-1537	200	26	industry	industry	NOUN
ajird-1537	200	27	(	(	PUNCT
ajird-1537	200	28	central	central	ADJ
ajird-1537	200	29	bank	bank	PROPN
ajird-1537	200	30	of	of	ADP
ajird-1537	200	31	nigeria	nigeria	PROPN
ajird-1537	200	32	,	,	PUNCT
ajird-1537	200	33	2022	2022	NUM
ajird-1537	200	34	)	)	PUNCT
ajird-1537	200	35	.	.	PUNCT
ajird-1537	201	1	notwithstanding	notwithstanding	ADP
ajird-1537	201	2	these	these	DET
ajird-1537	201	3	regulatory	regulatory	ADJ
ajird-1537	201	4	entities	entity	NOUN
ajird-1537	201	5	,	,	PUNCT
ajird-1537	201	6	nigeria	nigeria	PROPN
ajird-1537	201	7	's	's	PART
ajird-1537	201	8	financial	financial	ADJ
ajird-1537	201	9	sector	sector	NOUN
ajird-1537	201	10	encounters	encounter	VERB
ajird-1537	201	11	obstacles	obstacle	NOUN
ajird-1537	201	12	associated	associate	VERB
ajird-1537	201	13	with	with	ADP
ajird-1537	201	14	corruption	corruption	NOUN
ajird-1537	201	15	,	,	PUNCT
ajird-1537	201	16	regulatory	regulatory	ADJ
ajird-1537	201	17	inefficacies	inefficacy	NOUN
ajird-1537	201	18	,	,	PUNCT
ajird-1537	201	19	and	and	CCONJ
ajird-1537	201	20	insufficient	insufficient	ADJ
ajird-1537	201	21	implementation	implementation	NOUN
ajird-1537	201	22	of	of	ADP
ajird-1537	201	23	financial	financial	ADJ
ajird-1537	201	24	regulations	regulation	NOUN
ajird-1537	201	25	(	(	PUNCT
ajird-1537	201	26	bank	bank	NOUN
ajird-1537	201	27	for	for	ADP
ajird-1537	201	28	international	international	ADJ
ajird-1537	201	29	settlements	settlement	NOUN
ajird-1537	201	30	,	,	PUNCT
ajird-1537	201	31	2022	2022	NUM
ajird-1537	201	32	)	)	PUNCT
ajird-1537	201	33	.	.	PUNCT
ajird-1537	202	1	enhancing	enhance	VERB
ajird-1537	202	2	these	these	DET
ajird-1537	202	3	institutions	institution	NOUN
ajird-1537	202	4	is	be	AUX
ajird-1537	202	5	essential	essential	ADJ
ajird-1537	202	6	for	for	ADP
ajird-1537	202	7	the	the	DET
ajird-1537	202	8	advancement	advancement	NOUN
ajird-1537	202	9	of	of	ADP
ajird-1537	202	10	a	a	DET
ajird-1537	202	11	more	more	ADV
ajird-1537	202	12	resilient	resilient	ADJ
ajird-1537	202	13	financial	financial	ADJ
ajird-1537	202	14	system	system	NOUN
ajird-1537	202	15	.	.	PUNCT
ajird-1537	203	1	iv	iv	X
ajird-1537	203	2	)	)	PUNCT
ajird-1537	203	3	informal	informal	ADJ
ajird-1537	203	4	financial	financial	ADJ
ajird-1537	203	5	sector	sector	NOUN
ajird-1537	203	6	:	:	PUNCT
ajird-1537	203	7	a	a	DET
ajird-1537	203	8	substantial	substantial	ADJ
ajird-1537	203	9	segment	segment	NOUN
ajird-1537	203	10	of	of	ADP
ajird-1537	203	11	nigeria	nigeria	PROPN
ajird-1537	203	12	's	's	PART
ajird-1537	203	13	financial	financial	ADJ
ajird-1537	203	14	operations	operation	NOUN
ajird-1537	203	15	transpires	transpire	NOUN
ajird-1537	203	16	within	within	ADP
ajird-1537	203	17	the	the	DET
ajird-1537	203	18	informal	informal	ADJ
ajird-1537	203	19	sector	sector	NOUN
ajird-1537	203	20	,	,	PUNCT
ajird-1537	203	21	encompassing	encompass	VERB
ajird-1537	203	22	microfinance	microfinance	NOUN
ajird-1537	203	23	institutions	institution	NOUN
ajird-1537	203	24	,	,	PUNCT
ajird-1537	203	25	informal	informal	ADJ
ajird-1537	203	26	savings	saving	NOUN
ajird-1537	203	27	clubs	club	NOUN
ajird-1537	203	28	,	,	PUNCT
ajird-1537	203	29	and	and	CCONJ
ajird-1537	203	30	moneylenders	moneylender	NOUN
ajird-1537	203	31	.	.	PUNCT
ajird-1537	204	1	this	this	DET
ajird-1537	204	2	sector	sector	NOUN
ajird-1537	204	3	is	be	AUX
ajird-1537	204	4	essential	essential	ADJ
ajird-1537	204	5	in	in	ADP
ajird-1537	204	6	delivering	deliver	VERB
ajird-1537	204	7	financial	financial	ADJ
ajird-1537	204	8	services	service	NOUN
ajird-1537	204	9	to	to	ADP
ajird-1537	204	10	the	the	DET
ajird-1537	204	11	unbanked	unbanked	ADJ
ajird-1537	204	12	people	people	NOUN
ajird-1537	204	13	,	,	PUNCT
ajird-1537	204	14	especially	especially	ADV
ajird-1537	204	15	in	in	ADP
ajird-1537	204	16	rural	rural	ADJ
ajird-1537	204	17	regions	region	NOUN
ajird-1537	204	18	.	.	PUNCT
ajird-1537	205	1	the	the	DET
ajird-1537	205	2	informal	informal	ADJ
ajird-1537	205	3	character	character	NOUN
ajird-1537	205	4	of	of	ADP
ajird-1537	205	5	these	these	DET
ajird-1537	205	6	financial	financial	ADJ
ajird-1537	205	7	operations	operation	NOUN
ajird-1537	205	8	presents	present	VERB
ajird-1537	205	9	obstacles	obstacle	NOUN
ajird-1537	205	10	for	for	ADP
ajird-1537	205	11	regulation	regulation	NOUN
ajird-1537	205	12	,	,	PUNCT
ajird-1537	205	13	transparency	transparency	NOUN
ajird-1537	205	14	,	,	PUNCT
ajird-1537	205	15	and	and	CCONJ
ajird-1537	205	16	inclusion	inclusion	NOUN
ajird-1537	205	17	into	into	ADP
ajird-1537	205	18	the	the	DET
ajird-1537	205	19	larger	large	ADJ
ajird-1537	205	20	financial	financial	ADJ
ajird-1537	205	21	system	system	NOUN
ajird-1537	205	22	.	.	PUNCT
ajird-1537	206	1	american	american	PROPN
ajird-1537	206	2	journal	journal	PROPN
ajird-1537	206	3	of	of	ADP
ajird-1537	206	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	206	5	research	research	NOUN
ajird-1537	206	6	and	and	CCONJ
ajird-1537	206	7	development	development	NOUN
ajird-1537	206	8	issn	issn	PROPN
ajird-1537	206	9	online	online	NOUN
ajird-1537	206	10	:	:	PUNCT
ajird-1537	206	11	2771	2771	NUM
ajird-1537	206	12	-	-	SYM
ajird-1537	206	13	8948	8948	NUM
ajird-1537	206	14	website	website	NOUN
ajird-1537	206	15	:	:	PUNCT
ajird-1537	206	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	206	17	volume	volume	NOUN
ajird-1537	206	18	39	39	NUM
ajird-1537	206	19	,	,	PUNCT
ajird-1537	206	20	april	april	PROPN
ajird-1537	206	21	2025	2025	NUM
ajird-1537	206	22	73	73	NUM
ajird-1537	207	1	|	|	ADV
ajird-1537	207	2	p	p	NOUN
ajird-1537	207	3	a	a	DET
ajird-1537	207	4	g	g	NOUN
ajird-1537	207	5	e	e	NOUN
ajird-1537	207	6	4	4	NUM
ajird-1537	207	7	.	.	PUNCT
ajird-1537	207	8	financial	financial	ADJ
ajird-1537	207	9	market	market	NOUN
ajird-1537	207	10	size	size	NOUN
ajird-1537	207	11	and	and	CCONJ
ajird-1537	207	12	performance	performance	NOUN
ajird-1537	207	13	the	the	DET
ajird-1537	207	14	financial	financial	ADJ
ajird-1537	207	15	market	market	NOUN
ajird-1537	207	16	dimensions	dimension	NOUN
ajird-1537	207	17	and	and	CCONJ
ajird-1537	207	18	performance	performance	NOUN
ajird-1537	207	19	in	in	ADP
ajird-1537	207	20	new	new	PROPN
ajird-1537	207	21	york	york	PROPN
ajird-1537	207	22	,	,	PUNCT
ajird-1537	207	23	london	london	PROPN
ajird-1537	207	24	,	,	PUNCT
ajird-1537	207	25	tokyo	tokyo	PROPN
ajird-1537	207	26	,	,	PUNCT
ajird-1537	207	27	and	and	CCONJ
ajird-1537	207	28	nigeria	nigeria	PROPN
ajird-1537	207	29	are	be	AUX
ajird-1537	207	30	essential	essential	ADJ
ajird-1537	207	31	indications	indication	NOUN
ajird-1537	207	32	of	of	ADP
ajird-1537	207	33	the	the	DET
ajird-1537	207	34	vitality	vitality	NOUN
ajird-1537	207	35	of	of	ADP
ajird-1537	207	36	their	their	PRON
ajird-1537	207	37	individual	individual	ADJ
ajird-1537	207	38	economies	economy	NOUN
ajird-1537	207	39	and	and	CCONJ
ajird-1537	207	40	offer	offer	VERB
ajird-1537	207	41	insights	insight	NOUN
ajird-1537	207	42	into	into	ADP
ajird-1537	207	43	their	their	PRON
ajird-1537	207	44	functions	function	NOUN
ajird-1537	207	45	within	within	ADP
ajird-1537	207	46	the	the	DET
ajird-1537	207	47	global	global	ADJ
ajird-1537	207	48	financial	financial	ADJ
ajird-1537	207	49	system	system	NOUN
ajird-1537	207	50	.	.	PUNCT
ajird-1537	208	1	this	this	DET
ajird-1537	208	2	section	section	NOUN
ajird-1537	208	3	examined	examine	VERB
ajird-1537	208	4	the	the	DET
ajird-1537	208	5	dimensions	dimension	NOUN
ajird-1537	208	6	,	,	PUNCT
ajird-1537	208	7	critical	critical	ADJ
ajird-1537	208	8	indicators	indicator	NOUN
ajird-1537	208	9	,	,	PUNCT
ajird-1537	208	10	and	and	CCONJ
ajird-1537	208	11	performance	performance	NOUN
ajird-1537	208	12	patterns	pattern	NOUN
ajird-1537	208	13	of	of	ADP
ajird-1537	208	14	the	the	DET
ajird-1537	208	15	financial	financial	ADJ
ajird-1537	208	16	markets	market	NOUN
ajird-1537	208	17	in	in	ADP
ajird-1537	208	18	each	each	DET
ajird-1537	208	19	area	area	NOUN
ajird-1537	208	20	highlighting	highlight	VERB
ajird-1537	208	21	their	their	PRON
ajird-1537	208	22	size	size	NOUN
ajird-1537	208	23	and	and	CCONJ
ajird-1537	208	24	importance	importance	NOUN
ajird-1537	208	25	for	for	ADP
ajird-1537	208	26	both	both	CCONJ
ajird-1537	208	27	domestic	domestic	ADJ
ajird-1537	208	28	and	and	CCONJ
ajird-1537	208	29	foreign	foreign	ADJ
ajird-1537	208	30	investors	investor	NOUN
ajird-1537	208	31	.	.	PUNCT
ajird-1537	209	1	4.1	4.1	NUM
ajird-1537	209	2	new	new	PROPN
ajird-1537	209	3	york	york	PROPN
ajird-1537	209	4	's	's	PART
ajird-1537	209	5	financial	financial	ADJ
ajird-1537	209	6	market	market	NOUN
ajird-1537	209	7	size	size	NOUN
ajird-1537	209	8	and	and	CCONJ
ajird-1537	209	9	performance	performance	NOUN
ajird-1537	209	10	the	the	DET
ajird-1537	209	11	financial	financial	ADJ
ajird-1537	209	12	markets	market	NOUN
ajird-1537	209	13	of	of	ADP
ajird-1537	209	14	new	new	PROPN
ajird-1537	209	15	york	york	PROPN
ajird-1537	209	16	rank	rank	PROPN
ajird-1537	209	17	among	among	ADP
ajird-1537	209	18	the	the	DET
ajird-1537	209	19	largest	large	ADJ
ajird-1537	209	20	and	and	CCONJ
ajird-1537	209	21	most	most	ADV
ajird-1537	209	22	significant	significant	ADJ
ajird-1537	209	23	globally	globally	ADV
ajird-1537	209	24	.	.	PUNCT
ajird-1537	210	1	the	the	DET
ajird-1537	210	2	new	new	PROPN
ajird-1537	210	3	york	york	PROPN
ajird-1537	210	4	stock	stock	PROPN
ajird-1537	210	5	exchange	exchange	PROPN
ajird-1537	210	6	(	(	PUNCT
ajird-1537	210	7	nyse	nyse	PROPN
ajird-1537	210	8	)	)	PUNCT
ajird-1537	210	9	is	be	AUX
ajird-1537	210	10	the	the	DET
ajird-1537	210	11	largest	large	ADJ
ajird-1537	210	12	stock	stock	NOUN
ajird-1537	210	13	exchange	exchange	NOUN
ajird-1537	210	14	in	in	ADP
ajird-1537	210	15	the	the	DET
ajird-1537	210	16	world	world	NOUN
ajird-1537	210	17	by	by	ADP
ajird-1537	210	18	market	market	NOUN
ajird-1537	210	19	capitalisation	capitalisation	NOUN
ajird-1537	210	20	,	,	PUNCT
ajird-1537	210	21	with	with	ADP
ajird-1537	210	22	listed	list	VERB
ajird-1537	210	23	businesses	business	NOUN
ajird-1537	210	24	valued	value	VERB
ajird-1537	210	25	at	at	ADP
ajird-1537	210	26	over	over	ADP
ajird-1537	210	27	$	$	SYM
ajird-1537	210	28	28	28	NUM
ajird-1537	210	29	trillion	trillion	NUM
ajird-1537	210	30	(	(	PUNCT
ajird-1537	210	31	new	new	PROPN
ajird-1537	210	32	york	york	PROPN
ajird-1537	210	33	stock	stock	PROPN
ajird-1537	210	34	exchange	exchange	PROPN
ajird-1537	210	35	,	,	PUNCT
ajird-1537	210	36	2023	2023	NUM
ajird-1537	210	37	)	)	PUNCT
ajird-1537	210	38	.	.	PUNCT
ajird-1537	211	1	the	the	DET
ajird-1537	211	2	exchange	exchange	NOUN
ajird-1537	211	3	encompasses	encompass	VERB
ajird-1537	211	4	a	a	DET
ajird-1537	211	5	varied	varied	ADJ
ajird-1537	211	6	range	range	NOUN
ajird-1537	211	7	of	of	ADP
ajird-1537	211	8	sectors	sector	NOUN
ajird-1537	211	9	,	,	PUNCT
ajird-1537	211	10	including	include	VERB
ajird-1537	211	11	technology	technology	NOUN
ajird-1537	211	12	,	,	PUNCT
ajird-1537	211	13	banking	banking	NOUN
ajird-1537	211	14	,	,	PUNCT
ajird-1537	211	15	healthcare	healthcare	PROPN
ajird-1537	211	16	,	,	PUNCT
ajird-1537	211	17	and	and	CCONJ
ajird-1537	211	18	consumer	consumer	NOUN
ajird-1537	211	19	products	product	NOUN
ajird-1537	211	20	.	.	PUNCT
ajird-1537	212	1	the	the	DET
ajird-1537	212	2	nyse	nyse	NOUN
ajird-1537	212	3	's	's	PART
ajird-1537	212	4	depth	depth	NOUN
ajird-1537	212	5	and	and	CCONJ
ajird-1537	212	6	liquidity	liquidity	NOUN
ajird-1537	212	7	facilitate	facilitate	NOUN
ajird-1537	212	8	substantial	substantial	ADJ
ajird-1537	212	9	capital	capital	NOUN
ajird-1537	212	10	acquisition	acquisition	NOUN
ajird-1537	212	11	for	for	ADP
ajird-1537	212	12	enterprises	enterprise	NOUN
ajird-1537	212	13	,	,	PUNCT
ajird-1537	212	14	fostering	foster	VERB
ajird-1537	212	15	economic	economic	ADJ
ajird-1537	212	16	development	development	NOUN
ajird-1537	212	17	and	and	CCONJ
ajird-1537	212	18	innovation	innovation	NOUN
ajird-1537	212	19	.	.	PUNCT
ajird-1537	213	1	the	the	DET
ajird-1537	213	2	success	success	NOUN
ajird-1537	213	3	of	of	ADP
ajird-1537	213	4	the	the	DET
ajird-1537	213	5	nyse	nyse	PROPN
ajird-1537	213	6	is	be	AUX
ajird-1537	213	7	frequently	frequently	ADV
ajird-1537	213	8	assessed	assess	VERB
ajird-1537	213	9	by	by	ADP
ajird-1537	213	10	important	important	ADJ
ajird-1537	213	11	indexes	index	NOUN
ajird-1537	213	12	,	,	PUNCT
ajird-1537	213	13	notably	notably	ADV
ajird-1537	213	14	the	the	DET
ajird-1537	213	15	s&p	s&p	PROPN
ajird-1537	213	16	500	500	NUM
ajird-1537	213	17	,	,	PUNCT
ajird-1537	213	18	which	which	PRON
ajird-1537	213	19	monitors	monitor	VERB
ajird-1537	213	20	the	the	DET
ajird-1537	213	21	performance	performance	NOUN
ajird-1537	213	22	of	of	ADP
ajird-1537	213	23	500	500	NUM
ajird-1537	213	24	of	of	ADP
ajird-1537	213	25	the	the	DET
ajird-1537	213	26	largest	large	ADJ
ajird-1537	213	27	publicly	publicly	ADV
ajird-1537	213	28	listed	list	VERB
ajird-1537	213	29	firms	firm	NOUN
ajird-1537	213	30	in	in	ADP
ajird-1537	213	31	the	the	DET
ajird-1537	213	32	united	united	PROPN
ajird-1537	213	33	states	states	PROPN
ajird-1537	213	34	(	(	PUNCT
ajird-1537	213	35	financial	financial	ADJ
ajird-1537	213	36	times	time	NOUN
ajird-1537	213	37	,	,	PUNCT
ajird-1537	213	38	2023	2023	NUM
ajird-1537	213	39	)	)	PUNCT
ajird-1537	213	40	.	.	PUNCT
ajird-1537	214	1	in	in	ADP
ajird-1537	214	2	recent	recent	ADJ
ajird-1537	214	3	years	year	NOUN
ajird-1537	214	4	,	,	PUNCT
ajird-1537	214	5	the	the	DET
ajird-1537	214	6	s&p	s&p	PROPN
ajird-1537	214	7	500	500	NUM
ajird-1537	214	8	has	have	AUX
ajird-1537	214	9	seen	see	VERB
ajird-1537	214	10	substantial	substantial	ADJ
ajird-1537	214	11	expansion	expansion	NOUN
ajird-1537	214	12	,	,	PUNCT
ajird-1537	214	13	propelled	propel	VERB
ajird-1537	214	14	by	by	ADP
ajird-1537	214	15	vigorous	vigorous	ADJ
ajird-1537	214	16	corporate	corporate	ADJ
ajird-1537	214	17	earnings	earning	NOUN
ajird-1537	214	18	,	,	PUNCT
ajird-1537	214	19	minimal	minimal	ADJ
ajird-1537	214	20	interest	interest	NOUN
ajird-1537	214	21	rates	rate	NOUN
ajird-1537	214	22	,	,	PUNCT
ajird-1537	214	23	and	and	CCONJ
ajird-1537	214	24	healthy	healthy	ADJ
ajird-1537	214	25	consumer	consumer	NOUN
ajird-1537	214	26	expenditure	expenditure	NOUN
ajird-1537	214	27	.	.	PUNCT
ajird-1537	215	1	the	the	DET
ajird-1537	215	2	nasdaq	nasdaq	PROPN
ajird-1537	215	3	composite	composite	PROPN
ajird-1537	215	4	index	index	NOUN
ajird-1537	215	5	,	,	PUNCT
ajird-1537	215	6	predominantly	predominantly	ADV
ajird-1537	215	7	composed	compose	VERB
ajird-1537	215	8	of	of	ADP
ajird-1537	215	9	technology	technology	NOUN
ajird-1537	215	10	equities	equity	NOUN
ajird-1537	215	11	,	,	PUNCT
ajird-1537	215	12	has	have	AUX
ajird-1537	215	13	seen	see	VERB
ajird-1537	215	14	exceptional	exceptional	ADJ
ajird-1537	215	15	success	success	NOUN
ajird-1537	215	16	,	,	PUNCT
ajird-1537	215	17	indicative	indicative	ADJ
ajird-1537	215	18	of	of	ADP
ajird-1537	215	19	the	the	DET
ajird-1537	215	20	swift	swift	ADJ
ajird-1537	215	21	expansion	expansion	NOUN
ajird-1537	215	22	of	of	ADP
ajird-1537	215	23	the	the	DET
ajird-1537	215	24	tech	tech	NOUN
ajird-1537	215	25	industry	industry	NOUN
ajird-1537	215	26	and	and	CCONJ
ajird-1537	215	27	investor	investor	NOUN
ajird-1537	215	28	enthusiasm	enthusiasm	NOUN
ajird-1537	215	29	for	for	ADP
ajird-1537	215	30	innovation	innovation	NOUN
ajird-1537	215	31	(	(	PUNCT
ajird-1537	215	32	world	world	PROPN
ajird-1537	215	33	economic	economic	PROPN
ajird-1537	215	34	forum	forum	PROPN
ajird-1537	215	35	,	,	PUNCT
ajird-1537	215	36	2023	2023	NUM
ajird-1537	215	37	)	)	PUNCT
ajird-1537	215	38	.	.	PUNCT
ajird-1537	216	1	the	the	DET
ajird-1537	216	2	new	new	PROPN
ajird-1537	216	3	york	york	PROPN
ajird-1537	216	4	bond	bond	NOUN
ajird-1537	216	5	market	market	NOUN
ajird-1537	216	6	is	be	AUX
ajird-1537	216	7	similarly	similarly	ADV
ajird-1537	216	8	important	important	ADJ
ajird-1537	216	9	,	,	PUNCT
ajird-1537	216	10	featuring	feature	VERB
ajird-1537	216	11	a	a	DET
ajird-1537	216	12	variety	variety	NOUN
ajird-1537	216	13	of	of	ADP
ajird-1537	216	14	fixed	fix	VERB
ajird-1537	216	15	-	-	PUNCT
ajird-1537	216	16	income	income	NOUN
ajird-1537	216	17	instruments	instrument	NOUN
ajird-1537	216	18	such	such	ADJ
ajird-1537	216	19	as	as	ADP
ajird-1537	216	20	corporate	corporate	ADJ
ajird-1537	216	21	bonds	bond	NOUN
ajird-1537	216	22	,	,	PUNCT
ajird-1537	216	23	municipal	municipal	ADJ
ajird-1537	216	24	bonds	bond	NOUN
ajird-1537	216	25	,	,	PUNCT
ajird-1537	216	26	and	and	CCONJ
ajird-1537	216	27	u.s	u.s	PROPN
ajird-1537	216	28	.	.	PROPN
ajird-1537	216	29	treasury	treasury	PROPN
ajird-1537	216	30	securities	security	NOUN
ajird-1537	216	31	.	.	PUNCT
ajird-1537	217	1	the	the	DET
ajird-1537	217	2	u.s	u.s	PROPN
ajird-1537	217	3	.	.	PROPN
ajird-1537	217	4	treasury	treasury	PROPN
ajird-1537	217	5	market	market	NOUN
ajird-1537	217	6	functions	function	NOUN
ajird-1537	217	7	as	as	ADP
ajird-1537	217	8	a	a	DET
ajird-1537	217	9	benchmark	benchmark	NOUN
ajird-1537	217	10	for	for	ADP
ajird-1537	217	11	global	global	ADJ
ajird-1537	217	12	interest	interest	NOUN
ajird-1537	217	13	rates	rate	NOUN
ajird-1537	217	14	and	and	CCONJ
ajird-1537	217	15	is	be	AUX
ajird-1537	217	16	seen	see	VERB
ajird-1537	217	17	as	as	ADP
ajird-1537	217	18	a	a	DET
ajird-1537	217	19	safe	safe	ADJ
ajird-1537	217	20	haven	haven	NOUN
ajird-1537	217	21	for	for	ADP
ajird-1537	217	22	investors	investor	NOUN
ajird-1537	217	23	amid	amid	ADP
ajird-1537	217	24	economic	economic	ADJ
ajird-1537	217	25	turmoil	turmoil	NOUN
ajird-1537	217	26	(	(	PUNCT
ajird-1537	217	27	financial	financial	ADJ
ajird-1537	217	28	times	time	NOUN
ajird-1537	217	29	,	,	PUNCT
ajird-1537	217	30	2023	2023	NUM
ajird-1537	217	31	)	)	PUNCT
ajird-1537	217	32	.	.	PUNCT
ajird-1537	218	1	the	the	DET
ajird-1537	218	2	magnitude	magnitude	NOUN
ajird-1537	218	3	and	and	CCONJ
ajird-1537	218	4	liquidity	liquidity	NOUN
ajird-1537	218	5	of	of	ADP
ajird-1537	218	6	the	the	DET
ajird-1537	218	7	bond	bond	NOUN
ajird-1537	218	8	market	market	NOUN
ajird-1537	218	9	enhance	enhance	VERB
ajird-1537	218	10	the	the	DET
ajird-1537	218	11	overall	overall	ADJ
ajird-1537	218	12	stability	stability	NOUN
ajird-1537	218	13	of	of	ADP
ajird-1537	218	14	the	the	DET
ajird-1537	218	15	financial	financial	ADJ
ajird-1537	218	16	system	system	NOUN
ajird-1537	218	17	.	.	PUNCT
ajird-1537	219	1	furthermore	furthermore	ADV
ajird-1537	219	2	,	,	PUNCT
ajird-1537	219	3	new	new	PROPN
ajird-1537	219	4	york	york	PROPN
ajird-1537	219	5	's	's	PART
ajird-1537	219	6	financial	financial	ADJ
ajird-1537	219	7	sector	sector	NOUN
ajird-1537	219	8	has	have	AUX
ajird-1537	219	9	progressively	progressively	ADV
ajird-1537	219	10	adopted	adopt	VERB
ajird-1537	219	11	technology	technology	NOUN
ajird-1537	219	12	,	,	PUNCT
ajird-1537	219	13	evidenced	evidence	VERB
ajird-1537	219	14	by	by	ADP
ajird-1537	219	15	the	the	DET
ajird-1537	219	16	emergence	emergence	NOUN
ajird-1537	219	17	of	of	ADP
ajird-1537	219	18	electronic	electronic	ADJ
ajird-1537	219	19	trading	trading	NOUN
ajird-1537	219	20	platforms	platform	NOUN
ajird-1537	219	21	and	and	CCONJ
ajird-1537	219	22	algorithmic	algorithmic	ADJ
ajird-1537	219	23	trading	trading	NOUN
ajird-1537	219	24	.	.	PUNCT
ajird-1537	220	1	these	these	DET
ajird-1537	220	2	innovations	innovation	NOUN
ajird-1537	220	3	have	have	AUX
ajird-1537	220	4	augmented	augment	VERB
ajird-1537	220	5	market	market	NOUN
ajird-1537	220	6	efficiency	efficiency	NOUN
ajird-1537	220	7	,	,	PUNCT
ajird-1537	220	8	diminished	diminish	VERB
ajird-1537	220	9	transaction	transaction	NOUN
ajird-1537	220	10	costs	cost	NOUN
ajird-1537	220	11	,	,	PUNCT
ajird-1537	220	12	and	and	CCONJ
ajird-1537	220	13	facilitated	facilitate	VERB
ajird-1537	220	14	increased	increase	VERB
ajird-1537	220	15	access	access	NOUN
ajird-1537	220	16	for	for	ADP
ajird-1537	220	17	investors	investor	NOUN
ajird-1537	220	18	.	.	PUNCT
ajird-1537	221	1	the	the	DET
ajird-1537	221	2	use	use	NOUN
ajird-1537	221	3	of	of	ADP
ajird-1537	221	4	technology	technology	NOUN
ajird-1537	221	5	into	into	ADP
ajird-1537	221	6	trading	trading	NOUN
ajird-1537	221	7	methods	method	NOUN
ajird-1537	221	8	has	have	AUX
ajird-1537	221	9	drawn	draw	VERB
ajird-1537	221	10	new	new	ADJ
ajird-1537	221	11	players	player	NOUN
ajird-1537	221	12	to	to	ADP
ajird-1537	221	13	the	the	DET
ajird-1537	221	14	market	market	NOUN
ajird-1537	221	15	,	,	PUNCT
ajird-1537	221	16	hence	hence	ADV
ajird-1537	221	17	enhancing	enhance	VERB
ajird-1537	221	18	its	its	PRON
ajird-1537	221	19	size	size	NOUN
ajird-1537	221	20	and	and	CCONJ
ajird-1537	221	21	liquidity	liquidity	NOUN
ajird-1537	221	22	(	(	PUNCT
ajird-1537	221	23	oecd	oecd	PROPN
ajird-1537	221	24	,	,	PUNCT
ajird-1537	221	25	2023	2023	NUM
ajird-1537	221	26	)	)	PUNCT
ajird-1537	221	27	.	.	PUNCT
ajird-1537	222	1	the	the	DET
ajird-1537	222	2	performance	performance	NOUN
ajird-1537	222	3	of	of	ADP
ajird-1537	222	4	new	new	PROPN
ajird-1537	222	5	york	york	PROPN
ajird-1537	222	6	's	's	PART
ajird-1537	222	7	financial	financial	ADJ
ajird-1537	222	8	markets	market	NOUN
ajird-1537	222	9	mirrors	mirror	NOUN
ajird-1537	222	10	overarching	overarch	VERB
ajird-1537	222	11	economic	economic	ADJ
ajird-1537	222	12	trends	trend	NOUN
ajird-1537	222	13	,	,	PUNCT
ajird-1537	222	14	such	such	ADJ
ajird-1537	222	15	as	as	ADP
ajird-1537	222	16	gdp	gdp	NOUN
ajird-1537	222	17	growth	growth	NOUN
ajird-1537	222	18	,	,	PUNCT
ajird-1537	222	19	employment	employment	NOUN
ajird-1537	222	20	rates	rate	NOUN
ajird-1537	222	21	,	,	PUNCT
ajird-1537	222	22	and	and	CCONJ
ajird-1537	222	23	consumer	consumer	NOUN
ajird-1537	222	24	confidence	confidence	NOUN
ajird-1537	222	25	.	.	PUNCT
ajird-1537	223	1	the	the	DET
ajird-1537	223	2	city	city	NOUN
ajird-1537	223	3	's	's	PART
ajird-1537	223	4	capacity	capacity	NOUN
ajird-1537	223	5	to	to	PART
ajird-1537	223	6	adjust	adjust	VERB
ajird-1537	223	7	to	to	ADP
ajird-1537	223	8	fluctuating	fluctuate	VERB
ajird-1537	223	9	economic	economic	ADJ
ajird-1537	223	10	circumstances	circumstance	NOUN
ajird-1537	223	11	and	and	CCONJ
ajird-1537	223	12	adopt	adopt	VERB
ajird-1537	223	13	innovation	innovation	NOUN
ajird-1537	223	14	has	have	AUX
ajird-1537	223	15	solidified	solidify	VERB
ajird-1537	223	16	its	its	PRON
ajird-1537	223	17	position	position	NOUN
ajird-1537	223	18	as	as	ADP
ajird-1537	223	19	a	a	DET
ajird-1537	223	20	premier	premier	ADJ
ajird-1537	223	21	financial	financial	ADJ
ajird-1537	223	22	centre	centre	NOUN
ajird-1537	223	23	.	.	PUNCT
ajird-1537	224	1	4.2	4.2	NUM
ajird-1537	224	2	size	size	NOUN
ajird-1537	224	3	and	and	CCONJ
ajird-1537	224	4	performance	performance	NOUN
ajird-1537	224	5	of	of	ADP
ajird-1537	224	6	london	london	PROPN
ajird-1537	224	7	's	's	PART
ajird-1537	224	8	financial	financial	ADJ
ajird-1537	224	9	market	market	NOUN
ajird-1537	224	10	the	the	DET
ajird-1537	224	11	financial	financial	ADJ
ajird-1537	224	12	market	market	NOUN
ajird-1537	224	13	of	of	ADP
ajird-1537	224	14	london	london	PROPN
ajird-1537	224	15	is	be	AUX
ajird-1537	224	16	a	a	DET
ajird-1537	224	17	significant	significant	ADJ
ajird-1537	224	18	participant	participant	NOUN
ajird-1537	224	19	in	in	ADP
ajird-1537	224	20	the	the	DET
ajird-1537	224	21	global	global	ADJ
ajird-1537	224	22	financial	financial	ADJ
ajird-1537	224	23	system	system	NOUN
ajird-1537	224	24	,	,	PUNCT
ajird-1537	224	25	noted	note	VERB
ajird-1537	224	26	for	for	ADP
ajird-1537	224	27	its	its	PRON
ajird-1537	224	28	scale	scale	NOUN
ajird-1537	224	29	and	and	CCONJ
ajird-1537	224	30	diversity	diversity	NOUN
ajird-1537	224	31	.	.	PUNCT
ajird-1537	225	1	the	the	DET
ajird-1537	225	2	london	london	PROPN
ajird-1537	225	3	stock	stock	PROPN
ajird-1537	225	4	exchange	exchange	PROPN
ajird-1537	225	5	(	(	PUNCT
ajird-1537	225	6	lse	lse	PROPN
ajird-1537	225	7	)	)	PUNCT
ajird-1537	225	8	is	be	AUX
ajird-1537	225	9	among	among	ADP
ajird-1537	225	10	the	the	DET
ajird-1537	225	11	largest	large	ADJ
ajird-1537	225	12	american	american	ADJ
ajird-1537	225	13	journal	journal	NOUN
ajird-1537	225	14	of	of	ADP
ajird-1537	225	15	interdisciplinary	interdisciplinary	ADJ
ajird-1537	225	16	research	research	NOUN
ajird-1537	225	17	and	and	CCONJ
ajird-1537	225	18	development	development	NOUN
ajird-1537	225	19	issn	issn	PROPN
ajird-1537	225	20	online	online	NOUN
ajird-1537	225	21	:	:	PUNCT
ajird-1537	225	22	2771	2771	NUM
ajird-1537	225	23	-	-	SYM
ajird-1537	225	24	8948	8948	NUM
ajird-1537	225	25	website	website	NOUN
ajird-1537	225	26	:	:	PUNCT
ajird-1537	225	27	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	225	28	volume	volume	NOUN
ajird-1537	225	29	39	39	NUM
ajird-1537	225	30	,	,	PUNCT
ajird-1537	225	31	april	april	PROPN
ajird-1537	225	32	2025	2025	NUM
ajird-1537	225	33	74	74	NUM
ajird-1537	226	1	|	|	ADV
ajird-1537	226	2	p	p	NOUN
ajird-1537	226	3	a	a	DET
ajird-1537	226	4	g	g	NOUN
ajird-1537	226	5	e	e	NOUN
ajird-1537	226	6	stock	stock	NOUN
ajird-1537	226	7	exchanges	exchange	NOUN
ajird-1537	226	8	globally	globally	ADV
ajird-1537	226	9	,	,	PUNCT
ajird-1537	226	10	boasting	boast	VERB
ajird-1537	226	11	a	a	DET
ajird-1537	226	12	market	market	NOUN
ajird-1537	226	13	capitalisation	capitalisation	NOUN
ajird-1537	226	14	of	of	ADP
ajird-1537	226	15	$	$	SYM
ajird-1537	226	16	4	4	NUM
ajird-1537	226	17	trillion	trillion	NUM
ajird-1537	226	18	(	(	PUNCT
ajird-1537	226	19	london	london	PROPN
ajird-1537	226	20	stock	stock	NOUN
ajird-1537	226	21	exchange	exchange	NOUN
ajird-1537	226	22	,	,	PUNCT
ajird-1537	226	23	2023	2023	NUM
ajird-1537	226	24	)	)	PUNCT
ajird-1537	226	25	.	.	PUNCT
ajird-1537	227	1	the	the	DET
ajird-1537	227	2	lse	lse	PROPN
ajird-1537	227	3	has	have	VERB
ajird-1537	227	4	approximately	approximately	ADV
ajird-1537	227	5	2,000	2,000	NUM
ajird-1537	227	6	firms	firm	NOUN
ajird-1537	227	7	from	from	ADP
ajird-1537	227	8	over	over	ADP
ajird-1537	227	9	60	60	NUM
ajird-1537	227	10	nations	nation	NOUN
ajird-1537	227	11	,	,	PUNCT
ajird-1537	227	12	establishing	establish	VERB
ajird-1537	227	13	it	it	PRON
ajird-1537	227	14	as	as	ADP
ajird-1537	227	15	a	a	DET
ajird-1537	227	16	crucial	crucial	ADJ
ajird-1537	227	17	platform	platform	NOUN
ajird-1537	227	18	for	for	ADP
ajird-1537	227	19	global	global	ADJ
ajird-1537	227	20	capital	capital	NOUN
ajird-1537	227	21	acquisition	acquisition	NOUN
ajird-1537	227	22	.	.	PUNCT
ajird-1537	228	1	the	the	DET
ajird-1537	228	2	success	success	NOUN
ajird-1537	228	3	of	of	ADP
ajird-1537	228	4	london	london	PROPN
ajird-1537	228	5	's	's	PART
ajird-1537	228	6	financial	financial	ADJ
ajird-1537	228	7	markets	market	NOUN
ajird-1537	228	8	is	be	AUX
ajird-1537	228	9	meticulously	meticulously	ADV
ajird-1537	228	10	observed	observe	VERB
ajird-1537	228	11	by	by	ADP
ajird-1537	228	12	indexes	index	NOUN
ajird-1537	228	13	like	like	ADP
ajird-1537	228	14	the	the	DET
ajird-1537	228	15	ftse	ftse	PROPN
ajird-1537	228	16	100	100	NUM
ajird-1537	228	17	,	,	PUNCT
ajird-1537	228	18	which	which	PRON
ajird-1537	228	19	measures	measure	VERB
ajird-1537	228	20	the	the	DET
ajird-1537	228	21	performance	performance	NOUN
ajird-1537	228	22	of	of	ADP
ajird-1537	228	23	the	the	DET
ajird-1537	228	24	100	100	NUM
ajird-1537	228	25	largest	large	ADJ
ajird-1537	228	26	businesses	business	NOUN
ajird-1537	228	27	listed	list	VERB
ajird-1537	228	28	on	on	ADP
ajird-1537	228	29	the	the	DET
ajird-1537	228	30	london	london	PROPN
ajird-1537	228	31	stock	stock	NOUN
ajird-1537	228	32	exchange	exchange	PROPN
ajird-1537	228	33	(	(	PUNCT
ajird-1537	228	34	lse	lse	PROPN
ajird-1537	228	35	,	,	PUNCT
ajird-1537	228	36	2023	2023	NUM
ajird-1537	228	37	)	)	PUNCT
ajird-1537	228	38	.	.	PUNCT
ajird-1537	229	1	the	the	DET
ajird-1537	229	2	ftse	ftse	PROPN
ajird-1537	229	3	100	100	NUM
ajird-1537	229	4	serves	serve	VERB
ajird-1537	229	5	as	as	ADP
ajird-1537	229	6	a	a	DET
ajird-1537	229	7	crucial	crucial	ADJ
ajird-1537	229	8	indicator	indicator	NOUN
ajird-1537	229	9	of	of	ADP
ajird-1537	229	10	the	the	DET
ajird-1537	229	11	uk	uk	PROPN
ajird-1537	229	12	economy	economy	NOUN
ajird-1537	229	13	and	and	CCONJ
ajird-1537	229	14	is	be	AUX
ajird-1537	229	15	extensively	extensively	ADV
ajird-1537	229	16	utilised	utilise	VERB
ajird-1537	229	17	by	by	ADP
ajird-1537	229	18	investors	investor	NOUN
ajird-1537	229	19	to	to	PART
ajird-1537	229	20	assess	assess	VERB
ajird-1537	229	21	market	market	NOUN
ajird-1537	229	22	mood	mood	NOUN
ajird-1537	229	23	.	.	PUNCT
ajird-1537	230	1	in	in	ADP
ajird-1537	230	2	recent	recent	ADJ
ajird-1537	230	3	years	year	NOUN
ajird-1537	230	4	,	,	PUNCT
ajird-1537	230	5	the	the	DET
ajird-1537	230	6	index	index	NOUN
ajird-1537	230	7	has	have	AUX
ajird-1537	230	8	exhibited	exhibit	VERB
ajird-1537	230	9	volatility	volatility	NOUN
ajird-1537	230	10	,	,	PUNCT
ajird-1537	230	11	affected	affect	VERB
ajird-1537	230	12	by	by	ADP
ajird-1537	230	13	variables	variable	NOUN
ajird-1537	230	14	including	include	VERB
ajird-1537	230	15	brexit	brexit	NOUN
ajird-1537	230	16	,	,	PUNCT
ajird-1537	230	17	global	global	ADJ
ajird-1537	230	18	trade	trade	NOUN
ajird-1537	230	19	disputes	dispute	NOUN
ajird-1537	230	20	,	,	PUNCT
ajird-1537	230	21	and	and	CCONJ
ajird-1537	230	22	economic	economic	ADJ
ajird-1537	230	23	concerns	concern	NOUN
ajird-1537	230	24	.	.	PUNCT
ajird-1537	231	1	london	london	PROPN
ajird-1537	231	2	's	's	PART
ajird-1537	231	3	financial	financial	ADJ
ajird-1537	231	4	industry	industry	NOUN
ajird-1537	231	5	is	be	AUX
ajird-1537	231	6	renowned	renowne	VERB
ajird-1537	231	7	for	for	ADP
ajird-1537	231	8	its	its	PRON
ajird-1537	231	9	dominance	dominance	NOUN
ajird-1537	231	10	in	in	ADP
ajird-1537	231	11	foreign	foreign	ADJ
ajird-1537	231	12	currency	currency	NOUN
ajird-1537	231	13	trading	trading	NOUN
ajird-1537	231	14	,	,	PUNCT
ajird-1537	231	15	representing	represent	VERB
ajird-1537	231	16	over	over	ADP
ajird-1537	231	17	37	37	NUM
ajird-1537	231	18	%	%	NOUN
ajird-1537	231	19	of	of	ADP
ajird-1537	231	20	the	the	DET
ajird-1537	231	21	worldwide	worldwide	ADJ
ajird-1537	231	22	fx	fx	NOUN
ajird-1537	231	23	market	market	NOUN
ajird-1537	231	24	.	.	PUNCT
ajird-1537	232	1	this	this	DET
ajird-1537	232	2	pre	pre	NOUN
ajird-1537	232	3	-	-	NOUN
ajird-1537	232	4	eminence	eminence	NOUN
ajird-1537	232	5	is	be	AUX
ajird-1537	232	6	bolstered	bolster	VERB
ajird-1537	232	7	by	by	ADP
ajird-1537	232	8	the	the	DET
ajird-1537	232	9	presence	presence	NOUN
ajird-1537	232	10	of	of	ADP
ajird-1537	232	11	prominent	prominent	ADJ
ajird-1537	232	12	international	international	ADJ
ajird-1537	232	13	banks	bank	NOUN
ajird-1537	232	14	and	and	CCONJ
ajird-1537	232	15	trading	trading	NOUN
ajird-1537	232	16	organisations	organisation	NOUN
ajird-1537	232	17	,	,	PUNCT
ajird-1537	232	18	making	make	VERB
ajird-1537	232	19	london	london	PROPN
ajird-1537	232	20	an	an	DET
ajird-1537	232	21	essential	essential	ADJ
ajird-1537	232	22	centre	centre	NOUN
ajird-1537	232	23	for	for	ADP
ajird-1537	232	24	currency	currency	NOUN
ajird-1537	232	25	operations	operation	NOUN
ajird-1537	232	26	.	.	PUNCT
ajird-1537	233	1	the	the	DET
ajird-1537	233	2	city	city	NOUN
ajird-1537	233	3	of	of	ADP
ajird-1537	233	4	london	london	PROPN
ajird-1537	233	5	functions	function	NOUN
ajird-1537	233	6	as	as	ADP
ajird-1537	233	7	a	a	DET
ajird-1537	233	8	pivotal	pivotal	ADJ
ajird-1537	233	9	hub	hub	NOUN
ajird-1537	233	10	for	for	ADP
ajird-1537	233	11	global	global	ADJ
ajird-1537	233	12	capital	capital	NOUN
ajird-1537	233	13	movements	movement	NOUN
ajird-1537	233	14	,	,	PUNCT
ajird-1537	233	15	supported	support	VERB
ajird-1537	233	16	by	by	ADP
ajird-1537	233	17	a	a	DET
ajird-1537	233	18	strong	strong	ADJ
ajird-1537	233	19	network	network	NOUN
ajird-1537	233	20	of	of	ADP
ajird-1537	233	21	foreign	foreign	ADJ
ajird-1537	233	22	currency	currency	NOUN
ajird-1537	233	23	brokers	broker	NOUN
ajird-1537	233	24	and	and	CCONJ
ajird-1537	233	25	trading	trading	NOUN
ajird-1537	233	26	platforms	platform	NOUN
ajird-1537	233	27	that	that	PRON
ajird-1537	233	28	enhance	enhance	VERB
ajird-1537	233	29	market	market	NOUN
ajird-1537	233	30	operations	operation	NOUN
ajird-1537	233	31	.	.	PUNCT
ajird-1537	234	1	the	the	DET
ajird-1537	234	2	london	london	PROPN
ajird-1537	234	3	bond	bond	NOUN
ajird-1537	234	4	market	market	NOUN
ajird-1537	234	5	is	be	AUX
ajird-1537	234	6	notably	notably	ADV
ajird-1537	234	7	important	important	ADJ
ajird-1537	234	8	,	,	PUNCT
ajird-1537	234	9	with	with	ADP
ajird-1537	234	10	the	the	DET
ajird-1537	234	11	uk	uk	PROPN
ajird-1537	234	12	government	government	NOUN
ajird-1537	234	13	bond	bond	NOUN
ajird-1537	234	14	market	market	NOUN
ajird-1537	234	15	(	(	PUNCT
ajird-1537	234	16	gilts	gilt	NOUN
ajird-1537	234	17	)	)	PUNCT
ajird-1537	234	18	being	be	AUX
ajird-1537	234	19	among	among	ADP
ajird-1537	234	20	the	the	DET
ajird-1537	234	21	largest	large	ADJ
ajird-1537	234	22	and	and	CCONJ
ajird-1537	234	23	most	most	ADV
ajird-1537	234	24	liquid	liquid	ADJ
ajird-1537	234	25	globally	globally	ADV
ajird-1537	234	26	.	.	PUNCT
ajird-1537	235	1	the	the	DET
ajird-1537	235	2	bank	bank	PROPN
ajird-1537	235	3	of	of	ADP
ajird-1537	235	4	england	england	PROPN
ajird-1537	235	5	is	be	AUX
ajird-1537	235	6	essential	essential	ADJ
ajird-1537	235	7	in	in	ADP
ajird-1537	235	8	regulating	regulate	VERB
ajird-1537	235	9	monetary	monetary	ADJ
ajird-1537	235	10	policy	policy	NOUN
ajird-1537	235	11	and	and	CCONJ
ajird-1537	235	12	impacting	impact	VERB
ajird-1537	235	13	bond	bond	NOUN
ajird-1537	235	14	market	market	NOUN
ajird-1537	235	15	performance	performance	NOUN
ajird-1537	235	16	via	via	ADP
ajird-1537	235	17	interest	interest	NOUN
ajird-1537	235	18	rate	rate	NOUN
ajird-1537	235	19	determinations	determination	NOUN
ajird-1537	235	20	and	and	CCONJ
ajird-1537	235	21	quantitative	quantitative	ADJ
ajird-1537	235	22	easing	ease	VERB
ajird-1537	235	23	strategies	strategy	NOUN
ajird-1537	235	24	.	.	PUNCT
ajird-1537	236	1	in	in	ADP
ajird-1537	236	2	recent	recent	ADJ
ajird-1537	236	3	years	year	NOUN
ajird-1537	236	4	,	,	PUNCT
ajird-1537	236	5	london	london	PROPN
ajird-1537	236	6	’s	’s	PART
ajird-1537	236	7	financial	financial	ADJ
ajird-1537	236	8	industry	industry	NOUN
ajird-1537	236	9	has	have	AUX
ajird-1537	236	10	had	have	VERB
ajird-1537	236	11	difficulties	difficulty	NOUN
ajird-1537	236	12	,	,	PUNCT
ajird-1537	236	13	especially	especially	ADV
ajird-1537	236	14	following	follow	VERB
ajird-1537	236	15	brexit	brexit	NOUN
ajird-1537	236	16	,	,	PUNCT
ajird-1537	236	17	which	which	PRON
ajird-1537	236	18	has	have	AUX
ajird-1537	236	19	heightened	heighten	VERB
ajird-1537	236	20	apprehensions	apprehension	NOUN
ajird-1537	236	21	over	over	ADP
ajird-1537	236	22	the	the	DET
ajird-1537	236	23	city	city	NOUN
ajird-1537	236	24	’s	’s	PART
ajird-1537	236	25	enduring	endure	VERB
ajird-1537	236	26	competitiveness	competitiveness	NOUN
ajird-1537	236	27	as	as	ADP
ajird-1537	236	28	a	a	DET
ajird-1537	236	29	financial	financial	ADJ
ajird-1537	236	30	centre	centre	NOUN
ajird-1537	236	31	.	.	PUNCT
ajird-1537	237	1	nonetheless	nonetheless	ADV
ajird-1537	237	2	,	,	PUNCT
ajird-1537	237	3	london	london	PROPN
ajird-1537	237	4	has	have	AUX
ajird-1537	237	5	demonstrated	demonstrate	VERB
ajird-1537	237	6	resilience	resilience	NOUN
ajird-1537	237	7	via	via	ADP
ajird-1537	237	8	ongoing	ongoing	ADJ
ajird-1537	237	9	initiatives	initiative	NOUN
ajird-1537	237	10	to	to	PART
ajird-1537	237	11	attract	attract	VERB
ajird-1537	237	12	international	international	ADJ
ajird-1537	237	13	investment	investment	NOUN
ajird-1537	237	14	and	and	CCONJ
ajird-1537	237	15	adjust	adjust	VERB
ajird-1537	237	16	to	to	ADP
ajird-1537	237	17	the	the	DET
ajird-1537	237	18	evolving	evolve	VERB
ajird-1537	237	19	regulatory	regulatory	ADJ
ajird-1537	237	20	environment	environment	NOUN
ajird-1537	237	21	.	.	PUNCT
ajird-1537	238	1	the	the	DET
ajird-1537	238	2	city	city	NOUN
ajird-1537	238	3	's	's	PART
ajird-1537	238	4	legal	legal	ADJ
ajird-1537	238	5	system	system	NOUN
ajird-1537	238	6	,	,	PUNCT
ajird-1537	238	7	grounded	ground	VERB
ajird-1537	238	8	on	on	ADP
ajird-1537	238	9	common	common	ADJ
ajird-1537	238	10	law	law	NOUN
ajird-1537	238	11	,	,	PUNCT
ajird-1537	238	12	offers	offer	VERB
ajird-1537	238	13	a	a	DET
ajird-1537	238	14	considerable	considerable	ADJ
ajird-1537	238	15	advantage	advantage	NOUN
ajird-1537	238	16	by	by	ADP
ajird-1537	238	17	ensuring	ensure	VERB
ajird-1537	238	18	a	a	DET
ajird-1537	238	19	transparent	transparent	ADJ
ajird-1537	238	20	and	and	CCONJ
ajird-1537	238	21	investor	investor	NOUN
ajird-1537	238	22	-	-	PUNCT
ajird-1537	238	23	friendly	friendly	ADJ
ajird-1537	238	24	climate	climate	NOUN
ajird-1537	238	25	.	.	PUNCT
ajird-1537	239	1	the	the	DET
ajird-1537	239	2	efficacy	efficacy	NOUN
ajird-1537	239	3	of	of	ADP
ajird-1537	239	4	london	london	PROPN
ajird-1537	239	5	’s	’s	PART
ajird-1537	239	6	financial	financial	ADJ
ajird-1537	239	7	markets	market	NOUN
ajird-1537	239	8	is	be	AUX
ajird-1537	239	9	affected	affect	VERB
ajird-1537	239	10	by	by	ADP
ajird-1537	239	11	international	international	ADJ
ajird-1537	239	12	economic	economic	ADJ
ajird-1537	239	13	circumstances	circumstance	NOUN
ajird-1537	239	14	,	,	PUNCT
ajird-1537	239	15	investor	investor	NOUN
ajird-1537	239	16	mood	mood	NOUN
ajird-1537	239	17	,	,	PUNCT
ajird-1537	239	18	and	and	CCONJ
ajird-1537	239	19	regulation	regulation	NOUN
ajird-1537	239	20	changes	change	NOUN
ajird-1537	239	21	.	.	PUNCT
ajird-1537	240	1	the	the	DET
ajird-1537	240	2	city	city	NOUN
ajird-1537	240	3	's	's	PART
ajird-1537	240	4	capability	capability	NOUN
ajird-1537	240	5	to	to	PART
ajird-1537	240	6	retain	retain	VERB
ajird-1537	240	7	its	its	PRON
ajird-1537	240	8	position	position	NOUN
ajird-1537	240	9	as	as	ADP
ajird-1537	240	10	a	a	DET
ajird-1537	240	11	premier	premier	ADJ
ajird-1537	240	12	financial	financial	ADJ
ajird-1537	240	13	centre	centre	NOUN
ajird-1537	240	14	relies	rely	VERB
ajird-1537	240	15	on	on	ADP
ajird-1537	240	16	its	its	PRON
ajird-1537	240	17	ability	ability	NOUN
ajird-1537	240	18	to	to	PART
ajird-1537	240	19	innovate	innovate	VERB
ajird-1537	240	20	,	,	PUNCT
ajird-1537	240	21	adapt	adapt	VERB
ajird-1537	240	22	to	to	ADP
ajird-1537	240	23	difficulties	difficulty	NOUN
ajird-1537	240	24	,	,	PUNCT
ajird-1537	240	25	and	and	CCONJ
ajird-1537	240	26	use	use	VERB
ajird-1537	240	27	its	its	PRON
ajird-1537	240	28	assets	asset	NOUN
ajird-1537	240	29	within	within	ADP
ajird-1537	240	30	a	a	DET
ajird-1537	240	31	competitive	competitive	ADJ
ajird-1537	240	32	global	global	ADJ
ajird-1537	240	33	landscape	landscape	NOUN
ajird-1537	240	34	.	.	PUNCT
ajird-1537	241	1	4.3	4.3	NUM
ajird-1537	241	2	size	size	NOUN
ajird-1537	241	3	and	and	CCONJ
ajird-1537	241	4	performance	performance	NOUN
ajird-1537	241	5	of	of	ADP
ajird-1537	241	6	tokyo	tokyo	PROPN
ajird-1537	241	7	's	's	PART
ajird-1537	241	8	financial	financial	ADJ
ajird-1537	241	9	market	market	NOUN
ajird-1537	241	10	tokyo	tokyo	PROPN
ajird-1537	241	11	hosts	host	NOUN
ajird-1537	241	12	one	one	NUM
ajird-1537	241	13	of	of	ADP
ajird-1537	241	14	the	the	DET
ajird-1537	241	15	major	major	ADJ
ajird-1537	241	16	financial	financial	ADJ
ajird-1537	241	17	markets	market	NOUN
ajird-1537	241	18	in	in	ADP
ajird-1537	241	19	asia	asia	PROPN
ajird-1537	241	20	,	,	PUNCT
ajird-1537	241	21	with	with	ADP
ajird-1537	241	22	the	the	DET
ajird-1537	241	23	tokyo	tokyo	PROPN
ajird-1537	241	24	stock	stock	NOUN
ajird-1537	241	25	exchange	exchange	NOUN
ajird-1537	241	26	(	(	PUNCT
ajird-1537	241	27	tse	tse	PROPN
ajird-1537	241	28	)	)	PUNCT
ajird-1537	241	29	acting	act	VERB
ajird-1537	241	30	as	as	ADP
ajird-1537	241	31	a	a	DET
ajird-1537	241	32	pivotal	pivotal	ADJ
ajird-1537	241	33	platform	platform	NOUN
ajird-1537	241	34	for	for	ADP
ajird-1537	241	35	capital	capital	NOUN
ajird-1537	241	36	acquisition	acquisition	NOUN
ajird-1537	241	37	and	and	CCONJ
ajird-1537	241	38	investment	investment	NOUN
ajird-1537	241	39	.	.	PUNCT
ajird-1537	242	1	the	the	DET
ajird-1537	242	2	tse	tse	PROPN
ajird-1537	242	3	possesses	possess	VERB
ajird-1537	242	4	a	a	DET
ajird-1537	242	5	market	market	NOUN
ajird-1537	242	6	capitalisation	capitalisation	NOUN
ajird-1537	242	7	of	of	ADP
ajird-1537	242	8	over	over	ADP
ajird-1537	242	9	$	$	SYM
ajird-1537	242	10	6	6	NUM
ajird-1537	242	11	trillion	trillion	NUM
ajird-1537	242	12	,	,	PUNCT
ajird-1537	242	13	positioning	position	VERB
ajird-1537	242	14	it	it	PRON
ajird-1537	242	15	among	among	ADP
ajird-1537	242	16	the	the	DET
ajird-1537	242	17	greatest	great	ADJ
ajird-1537	242	18	stock	stock	NOUN
ajird-1537	242	19	exchanges	exchange	NOUN
ajird-1537	242	20	worldwide	worldwide	ADV
ajird-1537	242	21	(	(	PUNCT
ajird-1537	242	22	tokyo	tokyo	PROPN
ajird-1537	242	23	stock	stock	NOUN
ajird-1537	242	24	exchange	exchange	NOUN
ajird-1537	242	25	,	,	PUNCT
ajird-1537	242	26	2023	2023	NUM
ajird-1537	242	27	)	)	PUNCT
ajird-1537	242	28	.	.	PUNCT
ajird-1537	243	1	the	the	DET
ajird-1537	243	2	exchange	exchange	NOUN
ajird-1537	243	3	has	have	VERB
ajird-1537	243	4	approximately	approximately	ADV
ajird-1537	243	5	3,700	3,700	NUM
ajird-1537	243	6	businesses	business	NOUN
ajird-1537	243	7	,	,	PUNCT
ajird-1537	243	8	including	include	VERB
ajird-1537	243	9	many	many	ADJ
ajird-1537	243	10	of	of	ADP
ajird-1537	243	11	the	the	DET
ajird-1537	243	12	world	world	NOUN
ajird-1537	243	13	's	's	PART
ajird-1537	243	14	leading	lead	VERB
ajird-1537	243	15	enterprises	enterprise	NOUN
ajird-1537	243	16	in	in	ADP
ajird-1537	243	17	technology	technology	NOUN
ajird-1537	243	18	,	,	PUNCT
ajird-1537	243	19	automotive	automotive	ADJ
ajird-1537	243	20	,	,	PUNCT
ajird-1537	243	21	and	and	CCONJ
ajird-1537	243	22	financial	financial	ADJ
ajird-1537	243	23	industries	industry	NOUN
ajird-1537	243	24	.	.	PUNCT
ajird-1537	244	1	the	the	DET
ajird-1537	244	2	success	success	NOUN
ajird-1537	244	3	of	of	ADP
ajird-1537	244	4	tokyo	tokyo	PROPN
ajird-1537	244	5	's	's	PART
ajird-1537	244	6	financial	financial	ADJ
ajird-1537	244	7	markets	market	NOUN
ajird-1537	244	8	is	be	AUX
ajird-1537	244	9	assessed	assess	VERB
ajird-1537	244	10	by	by	ADP
ajird-1537	244	11	various	various	ADJ
ajird-1537	244	12	indexes	index	NOUN
ajird-1537	244	13	,	,	PUNCT
ajird-1537	244	14	notably	notably	ADV
ajird-1537	244	15	the	the	DET
ajird-1537	244	16	nikkei	nikkei	NOUN
ajird-1537	244	17	225	225	NUM
ajird-1537	244	18	,	,	PUNCT
ajird-1537	244	19	which	which	PRON
ajird-1537	244	20	monitors	monitor	VERB
ajird-1537	244	21	the	the	DET
ajird-1537	244	22	performance	performance	NOUN
ajird-1537	244	23	of	of	ADP
ajird-1537	244	24	225	225	NUM
ajird-1537	244	25	prominent	prominent	ADJ
ajird-1537	244	26	firms	firm	NOUN
ajird-1537	244	27	on	on	ADP
ajird-1537	244	28	the	the	DET
ajird-1537	244	29	tokyo	tokyo	PROPN
ajird-1537	244	30	stock	stock	NOUN
ajird-1537	244	31	exchange	exchange	NOUN
ajird-1537	244	32	(	(	PUNCT
ajird-1537	244	33	2023	2023	NUM
ajird-1537	244	34	)	)	PUNCT
ajird-1537	244	35	.	.	PUNCT
ajird-1537	245	1	the	the	DET
ajird-1537	245	2	nikkei	nikkei	PROPN
ajird-1537	245	3	225	225	NUM
ajird-1537	245	4	has	have	AUX
ajird-1537	245	5	traditionally	traditionally	ADV
ajird-1537	245	6	served	serve	VERB
ajird-1537	245	7	as	as	ADP
ajird-1537	245	8	a	a	DET
ajird-1537	245	9	vital	vital	ADJ
ajird-1537	245	10	gauge	gauge	NOUN
ajird-1537	245	11	of	of	ADP
ajird-1537	245	12	japan	japan	PROPN
ajird-1537	245	13	's	's	PART
ajird-1537	245	14	economic	economic	ADJ
ajird-1537	245	15	vitality	vitality	NOUN
ajird-1537	245	16	american	american	ADJ
ajird-1537	245	17	journal	journal	PROPN
ajird-1537	245	18	of	of	ADP
ajird-1537	245	19	interdisciplinary	interdisciplinary	ADJ
ajird-1537	245	20	research	research	NOUN
ajird-1537	245	21	and	and	CCONJ
ajird-1537	245	22	development	development	NOUN
ajird-1537	245	23	issn	issn	PROPN
ajird-1537	245	24	online	online	NOUN
ajird-1537	245	25	:	:	PUNCT
ajird-1537	245	26	2771	2771	NUM
ajird-1537	245	27	-	-	SYM
ajird-1537	245	28	8948	8948	NUM
ajird-1537	245	29	website	website	NOUN
ajird-1537	245	30	:	:	PUNCT
ajird-1537	245	31	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	245	32	volume	volume	NOUN
ajird-1537	245	33	39	39	NUM
ajird-1537	245	34	,	,	PUNCT
ajird-1537	245	35	april	april	PROPN
ajird-1537	245	36	2025	2025	NUM
ajird-1537	245	37	75	75	NUM
ajird-1537	246	1	|	|	ADV
ajird-1537	246	2	p	p	X
ajird-1537	246	3	a	a	DET
ajird-1537	246	4	g	g	NOUN
ajird-1537	246	5	e	e	NOUN
ajird-1537	246	6	and	and	CCONJ
ajird-1537	246	7	investor	investor	NOUN
ajird-1537	246	8	confidence	confidence	NOUN
ajird-1537	246	9	.	.	PUNCT
ajird-1537	247	1	in	in	ADP
ajird-1537	247	2	recent	recent	ADJ
ajird-1537	247	3	years	year	NOUN
ajird-1537	247	4	,	,	PUNCT
ajird-1537	247	5	the	the	DET
ajird-1537	247	6	index	index	NOUN
ajird-1537	247	7	has	have	AUX
ajird-1537	247	8	undergone	undergo	VERB
ajird-1537	247	9	swings	swing	NOUN
ajird-1537	247	10	attributable	attributable	ADJ
ajird-1537	247	11	to	to	ADP
ajird-1537	247	12	several	several	ADJ
ajird-1537	247	13	variables	variable	NOUN
ajird-1537	247	14	,	,	PUNCT
ajird-1537	247	15	including	include	VERB
ajird-1537	247	16	global	global	ADJ
ajird-1537	247	17	economic	economic	ADJ
ajird-1537	247	18	conditions	condition	NOUN
ajird-1537	247	19	,	,	PUNCT
ajird-1537	247	20	internal	internal	ADJ
ajird-1537	247	21	policy	policy	NOUN
ajird-1537	247	22	alterations	alteration	NOUN
ajird-1537	247	23	,	,	PUNCT
ajird-1537	247	24	and	and	CCONJ
ajird-1537	247	25	the	the	DET
ajird-1537	247	26	repercussions	repercussion	NOUN
ajird-1537	247	27	of	of	ADP
ajird-1537	247	28	the	the	DET
ajird-1537	247	29	covid-19	covid-19	PROPN
ajird-1537	247	30	pandemic	pandemic	NOUN
ajird-1537	247	31	(	(	PUNCT
ajird-1537	247	32	tokyo	tokyo	PROPN
ajird-1537	247	33	stock	stock	NOUN
ajird-1537	247	34	exchange	exchange	NOUN
ajird-1537	247	35	,	,	PUNCT
ajird-1537	247	36	2023	2023	NUM
ajird-1537	247	37	)	)	PUNCT
ajird-1537	247	38	.	.	PUNCT
ajird-1537	248	1	tokyo	tokyo	PROPN
ajird-1537	248	2	's	's	PART
ajird-1537	248	3	financial	financial	ADJ
ajird-1537	248	4	sector	sector	NOUN
ajird-1537	248	5	is	be	AUX
ajird-1537	248	6	distinguished	distinguish	VERB
ajird-1537	248	7	by	by	ADP
ajird-1537	248	8	its	its	PRON
ajird-1537	248	9	significant	significant	ADJ
ajird-1537	248	10	bond	bond	NOUN
ajird-1537	248	11	market	market	NOUN
ajird-1537	248	12	,	,	PUNCT
ajird-1537	248	13	especially	especially	ADV
ajird-1537	248	14	in	in	ADP
ajird-1537	248	15	japanese	japanese	ADJ
ajird-1537	248	16	government	government	NOUN
ajird-1537	248	17	bonds	bond	NOUN
ajird-1537	248	18	(	(	PUNCT
ajird-1537	248	19	jgbs	jgbs	NOUN
ajird-1537	248	20	)	)	PUNCT
ajird-1537	248	21	,	,	PUNCT
ajird-1537	248	22	seen	see	VERB
ajird-1537	248	23	as	as	ADP
ajird-1537	248	24	a	a	DET
ajird-1537	248	25	secure	secure	ADJ
ajird-1537	248	26	investment	investment	NOUN
ajird-1537	248	27	.	.	PUNCT
ajird-1537	249	1	the	the	DET
ajird-1537	249	2	japanese	japanese	ADJ
ajird-1537	249	3	government	government	NOUN
ajird-1537	249	4	bond	bond	NOUN
ajird-1537	249	5	market	market	NOUN
ajird-1537	249	6	is	be	AUX
ajird-1537	249	7	the	the	DET
ajird-1537	249	8	largest	large	ADJ
ajird-1537	249	9	globally	globally	ADV
ajird-1537	249	10	,	,	PUNCT
ajird-1537	249	11	with	with	ADP
ajird-1537	249	12	outstanding	outstanding	ADJ
ajird-1537	249	13	debt	debt	NOUN
ajird-1537	249	14	over	over	ADP
ajird-1537	249	15	$	$	SYM
ajird-1537	249	16	9	9	NUM
ajird-1537	249	17	trillion	trillion	NUM
ajird-1537	249	18	.	.	PUNCT
ajird-1537	250	1	the	the	DET
ajird-1537	250	2	bank	bank	PROPN
ajird-1537	250	3	of	of	ADP
ajird-1537	250	4	japan	japan	PROPN
ajird-1537	250	5	significantly	significantly	ADV
ajird-1537	250	6	impacts	impact	VERB
ajird-1537	250	7	bond	bond	NOUN
ajird-1537	250	8	market	market	NOUN
ajird-1537	250	9	performance	performance	NOUN
ajird-1537	250	10	via	via	ADP
ajird-1537	250	11	its	its	PRON
ajird-1537	250	12	monetary	monetary	ADJ
ajird-1537	250	13	policy	policy	NOUN
ajird-1537	250	14	,	,	PUNCT
ajird-1537	250	15	which	which	PRON
ajird-1537	250	16	encompasses	encompass	VERB
ajird-1537	250	17	low	low	ADJ
ajird-1537	250	18	-	-	PUNCT
ajird-1537	250	19	interest	interest	NOUN
ajird-1537	250	20	rates	rate	NOUN
ajird-1537	250	21	and	and	CCONJ
ajird-1537	250	22	asset	asset	NOUN
ajird-1537	250	23	acquisition	acquisition	NOUN
ajird-1537	250	24	programmes	programme	NOUN
ajird-1537	250	25	designed	design	VERB
ajird-1537	250	26	to	to	PART
ajird-1537	250	27	foster	foster	VERB
ajird-1537	250	28	economic	economic	ADJ
ajird-1537	250	29	development	development	NOUN
ajird-1537	250	30	.	.	PUNCT
ajird-1537	251	1	furthermore	furthermore	ADV
ajird-1537	251	2	,	,	PUNCT
ajird-1537	251	3	tokyo	tokyo	PROPN
ajird-1537	251	4	's	's	PART
ajird-1537	251	5	financial	financial	ADJ
ajird-1537	251	6	sector	sector	NOUN
ajird-1537	251	7	is	be	AUX
ajird-1537	251	8	characterised	characterise	VERB
ajird-1537	251	9	by	by	ADP
ajird-1537	251	10	a	a	DET
ajird-1537	251	11	significant	significant	ADJ
ajird-1537	251	12	degree	degree	NOUN
ajird-1537	251	13	of	of	ADP
ajird-1537	251	14	technological	technological	ADJ
ajird-1537	251	15	integration	integration	NOUN
ajird-1537	251	16	.	.	PUNCT
ajird-1537	252	1	the	the	DET
ajird-1537	252	2	city	city	NOUN
ajird-1537	252	3	excels	excel	VERB
ajird-1537	252	4	in	in	ADP
ajird-1537	252	5	electronic	electronic	ADJ
ajird-1537	252	6	trading	trading	NOUN
ajird-1537	252	7	,	,	PUNCT
ajird-1537	252	8	including	include	VERB
ajird-1537	252	9	sophisticated	sophisticated	ADJ
ajird-1537	252	10	trading	trading	NOUN
ajird-1537	252	11	platforms	platform	NOUN
ajird-1537	252	12	and	and	CCONJ
ajird-1537	252	13	technologies	technology	NOUN
ajird-1537	252	14	that	that	PRON
ajird-1537	252	15	facilitate	facilitate	VERB
ajird-1537	252	16	quick	quick	ADJ
ajird-1537	252	17	transactions	transaction	NOUN
ajird-1537	252	18	.	.	PUNCT
ajird-1537	253	1	this	this	DET
ajird-1537	253	2	technical	technical	ADJ
ajird-1537	253	3	breakthrough	breakthrough	NOUN
ajird-1537	253	4	has	have	AUX
ajird-1537	253	5	improved	improve	VERB
ajird-1537	253	6	market	market	NOUN
ajird-1537	253	7	liquidity	liquidity	NOUN
ajird-1537	253	8	and	and	CCONJ
ajird-1537	253	9	attracted	attract	VERB
ajird-1537	253	10	overseas	overseas	ADJ
ajird-1537	253	11	investors	investor	NOUN
ajird-1537	253	12	interested	interested	ADJ
ajird-1537	253	13	in	in	ADP
ajird-1537	253	14	japan	japan	PROPN
ajird-1537	253	15	's	's	PART
ajird-1537	253	16	financial	financial	ADJ
ajird-1537	253	17	markets	market	NOUN
ajird-1537	253	18	.	.	PUNCT
ajird-1537	254	1	tokyo	tokyo	PROPN
ajird-1537	254	2	's	's	PART
ajird-1537	254	3	financial	financial	ADJ
ajird-1537	254	4	markets	market	NOUN
ajird-1537	254	5	,	,	PUNCT
ajird-1537	254	6	despite	despite	SCONJ
ajird-1537	254	7	their	their	PRON
ajird-1537	254	8	capabilities	capability	NOUN
ajird-1537	254	9	,	,	PUNCT
ajird-1537	254	10	encounter	encounter	VERB
ajird-1537	254	11	obstacles	obstacle	NOUN
ajird-1537	254	12	stemming	stem	VERB
ajird-1537	254	13	from	from	ADP
ajird-1537	254	14	japan	japan	PROPN
ajird-1537	254	15	's	's	PART
ajird-1537	254	16	demographic	demographic	ADJ
ajird-1537	254	17	trends	trend	NOUN
ajird-1537	254	18	and	and	CCONJ
ajird-1537	254	19	economic	economic	ADJ
ajird-1537	254	20	stagnation	stagnation	NOUN
ajird-1537	254	21	.	.	PUNCT
ajird-1537	255	1	the	the	DET
ajird-1537	255	2	increasing	increase	VERB
ajird-1537	255	3	elderly	elderly	ADJ
ajird-1537	255	4	demographic	demographic	ADJ
ajird-1537	255	5	and	and	CCONJ
ajird-1537	255	6	decreasing	decrease	VERB
ajird-1537	255	7	birth	birth	NOUN
ajird-1537	255	8	rate	rate	NOUN
ajird-1537	255	9	have	have	AUX
ajird-1537	255	10	generated	generate	VERB
ajird-1537	255	11	apprehensions	apprehension	NOUN
ajird-1537	255	12	regarding	regard	VERB
ajird-1537	255	13	sustained	sustain	VERB
ajird-1537	255	14	economic	economic	ADJ
ajird-1537	255	15	expansion	expansion	NOUN
ajird-1537	255	16	and	and	CCONJ
ajird-1537	255	17	consumer	consumer	NOUN
ajird-1537	255	18	expenditure	expenditure	NOUN
ajird-1537	255	19	.	.	PUNCT
ajird-1537	256	1	the	the	DET
ajird-1537	256	2	japanese	japanese	ADJ
ajird-1537	256	3	government	government	NOUN
ajird-1537	256	4	has	have	AUX
ajird-1537	256	5	enacted	enact	VERB
ajird-1537	256	6	changes	change	NOUN
ajird-1537	256	7	to	to	PART
ajird-1537	256	8	enhance	enhance	VERB
ajird-1537	256	9	corporate	corporate	ADJ
ajird-1537	256	10	governance	governance	NOUN
ajird-1537	256	11	,	,	PUNCT
ajird-1537	256	12	boost	boost	VERB
ajird-1537	256	13	foreign	foreign	ADJ
ajird-1537	256	14	investment	investment	NOUN
ajird-1537	256	15	,	,	PUNCT
ajird-1537	256	16	and	and	CCONJ
ajird-1537	256	17	promote	promote	VERB
ajird-1537	256	18	innovation	innovation	NOUN
ajird-1537	256	19	in	in	ADP
ajird-1537	256	20	the	the	DET
ajird-1537	256	21	financial	financial	ADJ
ajird-1537	256	22	industry	industry	NOUN
ajird-1537	256	23	.	.	PUNCT
ajird-1537	257	1	the	the	DET
ajird-1537	257	2	performance	performance	NOUN
ajird-1537	257	3	of	of	ADP
ajird-1537	257	4	tokyo	tokyo	PROPN
ajird-1537	257	5	’s	’s	PART
ajird-1537	257	6	financial	financial	ADJ
ajird-1537	257	7	markets	market	NOUN
ajird-1537	257	8	is	be	AUX
ajird-1537	257	9	affected	affect	VERB
ajird-1537	257	10	by	by	ADP
ajird-1537	257	11	several	several	ADJ
ajird-1537	257	12	variables	variable	NOUN
ajird-1537	257	13	,	,	PUNCT
ajird-1537	257	14	including	include	VERB
ajird-1537	257	15	local	local	ADJ
ajird-1537	257	16	economic	economic	ADJ
ajird-1537	257	17	policies	policy	NOUN
ajird-1537	257	18	,	,	PUNCT
ajird-1537	257	19	global	global	ADJ
ajird-1537	257	20	economic	economic	ADJ
ajird-1537	257	21	trends	trend	NOUN
ajird-1537	257	22	,	,	PUNCT
ajird-1537	257	23	and	and	CCONJ
ajird-1537	257	24	geopolitical	geopolitical	ADJ
ajird-1537	257	25	happenings	happening	NOUN
ajird-1537	257	26	.	.	PUNCT
ajird-1537	258	1	as	as	SCONJ
ajird-1537	258	2	japan	japan	PROPN
ajird-1537	258	3	adapts	adapt	VERB
ajird-1537	258	4	to	to	ADP
ajird-1537	258	5	evolving	evolve	VERB
ajird-1537	258	6	market	market	NOUN
ajird-1537	258	7	conditions	condition	NOUN
ajird-1537	258	8	,	,	PUNCT
ajird-1537	258	9	tokyo	tokyo	PROPN
ajird-1537	258	10	's	's	PART
ajird-1537	258	11	financial	financial	ADJ
ajird-1537	258	12	markets	market	NOUN
ajird-1537	258	13	will	will	AUX
ajird-1537	258	14	remain	remain	VERB
ajird-1537	258	15	integral	integral	ADJ
ajird-1537	258	16	to	to	ADP
ajird-1537	258	17	the	the	DET
ajird-1537	258	18	wider	wide	ADJ
ajird-1537	258	19	asian	asian	ADJ
ajird-1537	258	20	and	and	CCONJ
ajird-1537	258	21	global	global	ADJ
ajird-1537	258	22	financial	financial	ADJ
ajird-1537	258	23	systems	system	NOUN
ajird-1537	258	24	.	.	PUNCT
ajird-1537	259	1	4.4	4.4	NUM
ajird-1537	259	2	the	the	DET
ajird-1537	259	3	size	size	NOUN
ajird-1537	259	4	and	and	CCONJ
ajird-1537	259	5	performance	performance	NOUN
ajird-1537	259	6	of	of	ADP
ajird-1537	259	7	nigeria	nigeria	PROPN
ajird-1537	259	8	's	's	PART
ajird-1537	259	9	financial	financial	ADJ
ajird-1537	259	10	market	market	NOUN
ajird-1537	259	11	nigeria	nigeria	PROPN
ajird-1537	259	12	possesses	possess	VERB
ajird-1537	259	13	the	the	DET
ajird-1537	259	14	largest	large	ADJ
ajird-1537	259	15	financial	financial	ADJ
ajird-1537	259	16	market	market	NOUN
ajird-1537	259	17	in	in	ADP
ajird-1537	259	18	africa	africa	PROPN
ajird-1537	259	19	,	,	PUNCT
ajird-1537	259	20	with	with	ADP
ajird-1537	259	21	the	the	DET
ajird-1537	259	22	nigerian	nigerian	ADJ
ajird-1537	259	23	stock	stock	NOUN
ajird-1537	259	24	exchange	exchange	PROPN
ajird-1537	259	25	(	(	PUNCT
ajird-1537	259	26	nse	nse	NOUN
ajird-1537	259	27	)	)	PUNCT
ajird-1537	259	28	functioning	function	VERB
ajird-1537	259	29	as	as	ADP
ajird-1537	259	30	a	a	DET
ajird-1537	259	31	vital	vital	ADJ
ajird-1537	259	32	platform	platform	NOUN
ajird-1537	259	33	for	for	ADP
ajird-1537	259	34	capital	capital	NOUN
ajird-1537	259	35	acquisition	acquisition	NOUN
ajird-1537	259	36	and	and	CCONJ
ajird-1537	259	37	investment	investment	NOUN
ajird-1537	259	38	.	.	PUNCT
ajird-1537	260	1	the	the	DET
ajird-1537	260	2	nse	nse	NOUN
ajird-1537	260	3	possesses	possess	VERB
ajird-1537	260	4	a	a	DET
ajird-1537	260	5	market	market	NOUN
ajird-1537	260	6	capitalisation	capitalisation	NOUN
ajird-1537	260	7	of	of	ADP
ajird-1537	260	8	over	over	ADP
ajird-1537	260	9	$	$	SYM
ajird-1537	260	10	60	60	NUM
ajird-1537	260	11	billion	billion	NUM
ajird-1537	260	12	,	,	PUNCT
ajird-1537	260	13	establishing	establish	VERB
ajird-1537	260	14	it	it	PRON
ajird-1537	260	15	as	as	ADP
ajird-1537	260	16	a	a	DET
ajird-1537	260	17	significant	significant	ADJ
ajird-1537	260	18	entity	entity	NOUN
ajird-1537	260	19	in	in	ADP
ajird-1537	260	20	the	the	DET
ajird-1537	260	21	african	african	ADJ
ajird-1537	260	22	financial	financial	ADJ
ajird-1537	260	23	sector	sector	NOUN
ajird-1537	260	24	(	(	PUNCT
ajird-1537	260	25	nigerian	nigerian	ADJ
ajird-1537	260	26	exchange	exchange	NOUN
ajird-1537	260	27	group	group	NOUN
ajird-1537	260	28	,	,	PUNCT
ajird-1537	260	29	2023	2023	NUM
ajird-1537	260	30	)	)	PUNCT
ajird-1537	260	31	.	.	PUNCT
ajird-1537	261	1	the	the	DET
ajird-1537	261	2	exchange	exchange	NOUN
ajird-1537	261	3	features	feature	VERB
ajird-1537	261	4	a	a	DET
ajird-1537	261	5	varied	varied	ADJ
ajird-1537	261	6	selection	selection	NOUN
ajird-1537	261	7	of	of	ADP
ajird-1537	261	8	firms	firm	NOUN
ajird-1537	261	9	,	,	PUNCT
ajird-1537	261	10	prominently	prominently	ADV
ajird-1537	261	11	include	include	VERB
ajird-1537	261	12	areas	area	NOUN
ajird-1537	261	13	such	such	ADJ
ajird-1537	261	14	as	as	ADP
ajird-1537	261	15	banking	banking	NOUN
ajird-1537	261	16	,	,	PUNCT
ajird-1537	261	17	telecommunications	telecommunication	NOUN
ajird-1537	261	18	,	,	PUNCT
ajird-1537	261	19	and	and	CCONJ
ajird-1537	261	20	consumer	consumer	NOUN
ajird-1537	261	21	products	product	NOUN
ajird-1537	261	22	.	.	PUNCT
ajird-1537	262	1	nigeria	nigeria	PROPN
ajird-1537	262	2	's	's	PART
ajird-1537	262	3	financial	financial	ADJ
ajird-1537	262	4	markets	market	NOUN
ajird-1537	262	5	have	have	AUX
ajird-1537	262	6	exhibited	exhibit	VERB
ajird-1537	262	7	volatility	volatility	NOUN
ajird-1537	262	8	,	,	PUNCT
ajird-1537	262	9	driven	drive	VERB
ajird-1537	262	10	by	by	ADP
ajird-1537	262	11	causes	cause	NOUN
ajird-1537	262	12	like	like	ADP
ajird-1537	262	13	oil	oil	NOUN
ajird-1537	262	14	price	price	NOUN
ajird-1537	262	15	swings	swing	NOUN
ajird-1537	262	16	,	,	PUNCT
ajird-1537	262	17	political	political	ADJ
ajird-1537	262	18	instability	instability	NOUN
ajird-1537	262	19	,	,	PUNCT
ajird-1537	262	20	and	and	CCONJ
ajird-1537	262	21	macroeconomic	macroeconomic	ADJ
ajird-1537	262	22	difficulties	difficulty	NOUN
ajird-1537	262	23	.	.	PUNCT
ajird-1537	263	1	the	the	DET
ajird-1537	263	2	nse	nse	NOUN
ajird-1537	263	3	all	all	DET
ajird-1537	263	4	-	-	PUNCT
ajird-1537	263	5	share	share	NOUN
ajird-1537	263	6	index	index	NOUN
ajird-1537	263	7	serves	serve	VERB
ajird-1537	263	8	as	as	ADP
ajird-1537	263	9	the	the	DET
ajird-1537	263	10	principal	principal	ADJ
ajird-1537	263	11	benchmark	benchmark	NOUN
ajird-1537	263	12	for	for	ADP
ajird-1537	263	13	assessing	assess	VERB
ajird-1537	263	14	market	market	NOUN
ajird-1537	263	15	performance	performance	NOUN
ajird-1537	263	16	,	,	PUNCT
ajird-1537	263	17	indicating	indicate	VERB
ajird-1537	263	18	the	the	DET
ajird-1537	263	19	overall	overall	ADJ
ajird-1537	263	20	condition	condition	NOUN
ajird-1537	263	21	of	of	ADP
ajird-1537	263	22	the	the	DET
ajird-1537	263	23	stock	stock	NOUN
ajird-1537	263	24	market	market	NOUN
ajird-1537	263	25	.	.	PUNCT
ajird-1537	264	1	in	in	ADP
ajird-1537	264	2	recent	recent	ADJ
ajird-1537	264	3	years	year	NOUN
ajird-1537	264	4	,	,	PUNCT
ajird-1537	264	5	the	the	DET
ajird-1537	264	6	index	index	NOUN
ajird-1537	264	7	has	have	AUX
ajird-1537	264	8	undergone	undergo	VERB
ajird-1537	264	9	fluctuations	fluctuation	NOUN
ajird-1537	264	10	,	,	PUNCT
ajird-1537	264	11	exhibiting	exhibit	VERB
ajird-1537	264	12	both	both	CCONJ
ajird-1537	264	13	growth	growth	NOUN
ajird-1537	264	14	and	and	CCONJ
ajird-1537	264	15	fall	fall	VERB
ajird-1537	264	16	,	,	PUNCT
ajird-1537	264	17	indicative	indicative	ADJ
ajird-1537	264	18	of	of	ADP
ajird-1537	264	19	the	the	DET
ajird-1537	264	20	overarching	overarching	ADJ
ajird-1537	264	21	economic	economic	ADJ
ajird-1537	264	22	issues	issue	NOUN
ajird-1537	264	23	confronting	confront	VERB
ajird-1537	264	24	nigeria	nigeria	PRON
ajird-1537	264	25	.	.	PUNCT
ajird-1537	265	1	nigeria	nigeria	PROPN
ajird-1537	265	2	's	's	PART
ajird-1537	265	3	bond	bond	NOUN
ajird-1537	265	4	market	market	NOUN
ajird-1537	265	5	is	be	AUX
ajird-1537	265	6	substantial	substantial	ADJ
ajird-1537	265	7	,	,	PUNCT
ajird-1537	265	8	offering	offer	VERB
ajird-1537	265	9	a	a	DET
ajird-1537	265	10	diverse	diverse	ADJ
ajird-1537	265	11	array	array	NOUN
ajird-1537	265	12	of	of	ADP
ajird-1537	265	13	government	government	NOUN
ajird-1537	265	14	and	and	CCONJ
ajird-1537	265	15	business	business	NOUN
ajird-1537	265	16	bonds	bond	NOUN
ajird-1537	265	17	for	for	ADP
ajird-1537	265	18	investment	investment	NOUN
ajird-1537	265	19	purposes	purpose	NOUN
ajird-1537	265	20	.	.	PUNCT
ajird-1537	266	1	the	the	DET
ajird-1537	266	2	nigerian	nigerian	ADJ
ajird-1537	266	3	government	government	NOUN
ajird-1537	266	4	sells	sell	VERB
ajird-1537	266	5	bonds	bond	NOUN
ajird-1537	266	6	to	to	PART
ajird-1537	266	7	fund	fund	VERB
ajird-1537	266	8	infrastructure	infrastructure	NOUN
ajird-1537	266	9	projects	project	NOUN
ajird-1537	266	10	and	and	CCONJ
ajird-1537	266	11	governmental	governmental	ADJ
ajird-1537	266	12	spending	spending	NOUN
ajird-1537	266	13	,	,	PUNCT
ajird-1537	266	14	attracting	attract	VERB
ajird-1537	266	15	both	both	CCONJ
ajird-1537	266	16	domestic	domestic	ADJ
ajird-1537	266	17	and	and	CCONJ
ajird-1537	266	18	american	american	ADJ
ajird-1537	266	19	journal	journal	PROPN
ajird-1537	266	20	of	of	ADP
ajird-1537	266	21	interdisciplinary	interdisciplinary	ADJ
ajird-1537	266	22	research	research	NOUN
ajird-1537	266	23	and	and	CCONJ
ajird-1537	266	24	development	development	NOUN
ajird-1537	266	25	issn	issn	PROPN
ajird-1537	266	26	online	online	NOUN
ajird-1537	266	27	:	:	PUNCT
ajird-1537	266	28	2771	2771	NUM
ajird-1537	266	29	-	-	SYM
ajird-1537	266	30	8948	8948	NUM
ajird-1537	266	31	website	website	NOUN
ajird-1537	266	32	:	:	PUNCT
ajird-1537	266	33	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	266	34	volume	volume	NOUN
ajird-1537	266	35	39	39	NUM
ajird-1537	266	36	,	,	PUNCT
ajird-1537	266	37	april	april	PROPN
ajird-1537	266	38	2025	2025	NUM
ajird-1537	266	39	76	76	NUM
ajird-1537	267	1	|	|	ADV
ajird-1537	267	2	p	p	NOUN
ajird-1537	267	3	a	a	DET
ajird-1537	267	4	g	g	PROPN
ajird-1537	267	5	e	e	NOUN
ajird-1537	267	6	international	international	ADJ
ajird-1537	267	7	investors	investor	NOUN
ajird-1537	267	8	.	.	PUNCT
ajird-1537	268	1	the	the	DET
ajird-1537	268	2	central	central	ADJ
ajird-1537	268	3	bank	bank	PROPN
ajird-1537	268	4	of	of	ADP
ajird-1537	268	5	nigeria	nigeria	PROPN
ajird-1537	268	6	(	(	PUNCT
ajird-1537	268	7	cbn	cbn	PROPN
ajird-1537	268	8	)	)	PUNCT
ajird-1537	268	9	is	be	AUX
ajird-1537	268	10	crucial	crucial	ADJ
ajird-1537	268	11	in	in	ADP
ajird-1537	268	12	controlling	control	VERB
ajird-1537	268	13	the	the	DET
ajird-1537	268	14	bond	bond	NOUN
ajird-1537	268	15	market	market	NOUN
ajird-1537	268	16	,	,	PUNCT
ajird-1537	268	17	affecting	affect	VERB
ajird-1537	268	18	interest	interest	NOUN
ajird-1537	268	19	rates	rate	NOUN
ajird-1537	268	20	and	and	CCONJ
ajird-1537	268	21	maintaining	maintain	VERB
ajird-1537	268	22	market	market	NOUN
ajird-1537	268	23	stability	stability	NOUN
ajird-1537	268	24	.	.	PUNCT
ajird-1537	269	1	the	the	DET
ajird-1537	269	2	nigerian	nigerian	ADJ
ajird-1537	269	3	financial	financial	ADJ
ajird-1537	269	4	industry	industry	NOUN
ajird-1537	269	5	has	have	AUX
ajird-1537	269	6	experienced	experience	VERB
ajird-1537	269	7	heightened	heightened	ADJ
ajird-1537	269	8	involvement	involvement	NOUN
ajird-1537	269	9	from	from	ADP
ajird-1537	269	10	fintech	fintech	NOUN
ajird-1537	269	11	companies	company	NOUN
ajird-1537	269	12	,	,	PUNCT
ajird-1537	269	13	which	which	PRON
ajird-1537	269	14	are	be	AUX
ajird-1537	269	15	transforming	transform	VERB
ajird-1537	269	16	conventional	conventional	ADJ
ajird-1537	269	17	financial	financial	ADJ
ajird-1537	269	18	services	service	NOUN
ajird-1537	269	19	and	and	CCONJ
ajird-1537	269	20	broadening	broaden	VERB
ajird-1537	269	21	capital	capital	NOUN
ajird-1537	269	22	access	access	NOUN
ajird-1537	269	23	for	for	ADP
ajird-1537	269	24	people	people	NOUN
ajird-1537	269	25	and	and	CCONJ
ajird-1537	269	26	small	small	ADJ
ajird-1537	269	27	enterprises	enterprise	NOUN
ajird-1537	269	28	(	(	PUNCT
ajird-1537	269	29	kpmg	kpmg	PROPN
ajird-1537	269	30	,	,	PUNCT
ajird-1537	269	31	2022	2022	NUM
ajird-1537	269	32	)	)	PUNCT
ajird-1537	269	33	.	.	PUNCT
ajird-1537	270	1	mobile	mobile	ADJ
ajird-1537	270	2	banking	banking	NOUN
ajird-1537	270	3	and	and	CCONJ
ajird-1537	270	4	digital	digital	ADJ
ajird-1537	270	5	payment	payment	NOUN
ajird-1537	270	6	solutions	solution	NOUN
ajird-1537	270	7	have	have	AUX
ajird-1537	270	8	surged	surge	VERB
ajird-1537	270	9	in	in	ADP
ajird-1537	270	10	popularity	popularity	NOUN
ajird-1537	270	11	,	,	PUNCT
ajird-1537	270	12	especially	especially	ADV
ajird-1537	270	13	in	in	ADP
ajird-1537	270	14	metropolitan	metropolitan	ADJ
ajird-1537	270	15	regions	region	NOUN
ajird-1537	270	16	,	,	PUNCT
ajird-1537	270	17	promoting	promote	VERB
ajird-1537	270	18	financial	financial	ADJ
ajird-1537	270	19	inclusion	inclusion	NOUN
ajird-1537	270	20	and	and	CCONJ
ajird-1537	270	21	stimulating	stimulate	VERB
ajird-1537	270	22	economic	economic	ADJ
ajird-1537	270	23	growth	growth	NOUN
ajird-1537	270	24	.	.	PUNCT
ajird-1537	271	1	nigeria	nigeria	PROPN
ajird-1537	271	2	's	's	PART
ajird-1537	271	3	financial	financial	ADJ
ajird-1537	271	4	industry	industry	NOUN
ajird-1537	271	5	has	have	VERB
ajird-1537	271	6	several	several	ADJ
ajird-1537	271	7	problems	problem	NOUN
ajird-1537	271	8	,	,	PUNCT
ajird-1537	271	9	such	such	ADJ
ajird-1537	271	10	as	as	ADP
ajird-1537	271	11	insufficient	insufficient	ADJ
ajird-1537	271	12	infrastructure	infrastructure	NOUN
ajird-1537	271	13	,	,	PUNCT
ajird-1537	271	14	regulatory	regulatory	ADJ
ajird-1537	271	15	impediments	impediment	NOUN
ajird-1537	271	16	,	,	PUNCT
ajird-1537	271	17	and	and	CCONJ
ajird-1537	271	18	diminished	diminish	VERB
ajird-1537	271	19	investor	investor	NOUN
ajird-1537	271	20	trust	trust	NOUN
ajird-1537	271	21	.	.	PUNCT
ajird-1537	272	1	the	the	DET
ajird-1537	272	2	nation	nation	NOUN
ajird-1537	272	3	's	's	PART
ajird-1537	272	4	dependence	dependence	NOUN
ajird-1537	272	5	on	on	ADP
ajird-1537	272	6	oil	oil	NOUN
ajird-1537	272	7	exports	export	NOUN
ajird-1537	272	8	has	have	AUX
ajird-1537	272	9	rendered	render	VERB
ajird-1537	272	10	its	its	PRON
ajird-1537	272	11	economy	economy	NOUN
ajird-1537	272	12	susceptible	susceptible	ADJ
ajird-1537	272	13	to	to	ADP
ajird-1537	272	14	foreign	foreign	ADJ
ajird-1537	272	15	shocks	shock	NOUN
ajird-1537	272	16	,	,	PUNCT
ajird-1537	272	17	impacting	impact	VERB
ajird-1537	272	18	market	market	NOUN
ajird-1537	272	19	performance	performance	NOUN
ajird-1537	272	20	.	.	PUNCT
ajird-1537	273	1	moreover	moreover	ADV
ajird-1537	273	2	,	,	PUNCT
ajird-1537	273	3	factors	factor	NOUN
ajird-1537	273	4	such	such	ADJ
ajird-1537	273	5	as	as	ADP
ajird-1537	273	6	inflation	inflation	NOUN
ajird-1537	273	7	,	,	PUNCT
ajird-1537	273	8	poor	poor	ADJ
ajird-1537	273	9	corporate	corporate	ADJ
ajird-1537	273	10	governance	governance	NOUN
ajird-1537	273	11	,	,	PUNCT
ajird-1537	273	12	currency	currency	NOUN
ajird-1537	273	13	devaluation	devaluation	NOUN
ajird-1537	273	14	,	,	PUNCT
ajird-1537	273	15	and	and	CCONJ
ajird-1537	273	16	security	security	NOUN
ajird-1537	273	17	apprehensions	apprehension	NOUN
ajird-1537	273	18	have	have	AUX
ajird-1537	273	19	exacerbated	exacerbate	VERB
ajird-1537	273	20	the	the	DET
ajird-1537	273	21	financial	financial	ADJ
ajird-1537	273	22	environment	environment	NOUN
ajird-1537	273	23	.	.	PUNCT
ajird-1537	274	1	notwithstanding	notwithstanding	ADP
ajird-1537	274	2	these	these	DET
ajird-1537	274	3	issues	issue	NOUN
ajird-1537	274	4	,	,	PUNCT
ajird-1537	274	5	nigeria	nigeria	PROPN
ajird-1537	274	6	's	's	PART
ajird-1537	274	7	financial	financial	ADJ
ajird-1537	274	8	system	system	NOUN
ajird-1537	274	9	possesses	possess	VERB
ajird-1537	274	10	considerable	considerable	ADJ
ajird-1537	274	11	potential	potential	NOUN
ajird-1537	274	12	for	for	ADP
ajird-1537	274	13	expansion	expansion	NOUN
ajird-1537	274	14	,	,	PUNCT
ajird-1537	274	15	especially	especially	ADV
ajird-1537	274	16	as	as	SCONJ
ajird-1537	274	17	the	the	DET
ajird-1537	274	18	government	government	NOUN
ajird-1537	274	19	persists	persist	VERB
ajird-1537	274	20	in	in	ADP
ajird-1537	274	21	enacting	enact	VERB
ajird-1537	274	22	changes	change	NOUN
ajird-1537	274	23	designed	design	VERB
ajird-1537	274	24	to	to	PART
ajird-1537	274	25	enhance	enhance	VERB
ajird-1537	274	26	the	the	DET
ajird-1537	274	27	regulatory	regulatory	ADJ
ajird-1537	274	28	framework	framework	NOUN
ajird-1537	274	29	and	and	CCONJ
ajird-1537	274	30	encourage	encourage	VERB
ajird-1537	274	31	investment	investment	NOUN
ajird-1537	274	32	.	.	PUNCT
ajird-1537	275	1	the	the	DET
ajird-1537	275	2	african	african	PROPN
ajird-1537	275	3	continental	continental	PROPN
ajird-1537	275	4	free	free	PROPN
ajird-1537	275	5	trade	trade	NOUN
ajird-1537	275	6	agreement	agreement	NOUN
ajird-1537	275	7	(	(	PUNCT
ajird-1537	275	8	afcfta	afcfta	PROPN
ajird-1537	275	9	)	)	PUNCT
ajird-1537	275	10	offers	offer	VERB
ajird-1537	275	11	prospects	prospect	NOUN
ajird-1537	275	12	for	for	ADP
ajird-1537	275	13	enhanced	enhanced	ADJ
ajird-1537	275	14	commerce	commerce	NOUN
ajird-1537	275	15	and	and	CCONJ
ajird-1537	275	16	investment	investment	NOUN
ajird-1537	275	17	in	in	ADP
ajird-1537	275	18	the	the	DET
ajird-1537	275	19	area	area	NOUN
ajird-1537	275	20	,	,	PUNCT
ajird-1537	275	21	therefore	therefore	ADV
ajird-1537	275	22	establishing	establish	VERB
ajird-1537	275	23	nigeria	nigeria	PRON
ajird-1537	275	24	as	as	ADP
ajird-1537	275	25	a	a	DET
ajird-1537	275	26	significant	significant	ADJ
ajird-1537	275	27	participant	participant	NOUN
ajird-1537	275	28	in	in	ADP
ajird-1537	275	29	the	the	DET
ajird-1537	275	30	african	african	ADJ
ajird-1537	275	31	financial	financial	ADJ
ajird-1537	275	32	arena	arena	NOUN
ajird-1537	275	33	.	.	PUNCT
ajird-1537	276	1	4.5	4.5	NUM
ajird-1537	276	2	comparative	comparative	ADJ
ajird-1537	276	3	analysis	analysis	NOUN
ajird-1537	276	4	of	of	ADP
ajird-1537	276	5	financial	financial	ADJ
ajird-1537	276	6	market	market	NOUN
ajird-1537	276	7	dimensions	dimension	NOUN
ajird-1537	276	8	and	and	CCONJ
ajird-1537	276	9	performance	performance	NOUN
ajird-1537	276	10	comparing	compare	VERB
ajird-1537	276	11	the	the	DET
ajird-1537	276	12	financial	financial	ADJ
ajird-1537	276	13	market	market	NOUN
ajird-1537	276	14	sizes	size	NOUN
ajird-1537	276	15	and	and	CCONJ
ajird-1537	276	16	performances	performance	NOUN
ajird-1537	276	17	of	of	ADP
ajird-1537	276	18	new	new	PROPN
ajird-1537	276	19	york	york	PROPN
ajird-1537	276	20	,	,	PUNCT
ajird-1537	276	21	london	london	PROPN
ajird-1537	276	22	,	,	PUNCT
ajird-1537	276	23	tokyo	tokyo	PROPN
ajird-1537	276	24	,	,	PUNCT
ajird-1537	276	25	and	and	CCONJ
ajird-1537	276	26	nigeria	nigeria	PROPN
ajird-1537	276	27	reveals	reveal	VERB
ajird-1537	276	28	numerous	numerous	ADJ
ajird-1537	276	29	significant	significant	ADJ
ajird-1537	276	30	disparities	disparity	NOUN
ajird-1537	276	31	.	.	PUNCT
ajird-1537	277	1	new	new	PROPN
ajird-1537	277	2	york	york	PROPN
ajird-1537	277	3	and	and	CCONJ
ajird-1537	277	4	london	london	PROPN
ajird-1537	277	5	dominate	dominate	VERB
ajird-1537	277	6	in	in	ADP
ajird-1537	277	7	market	market	NOUN
ajird-1537	277	8	capitalisation	capitalisation	NOUN
ajird-1537	277	9	and	and	CCONJ
ajird-1537	277	10	the	the	DET
ajird-1537	277	11	variety	variety	NOUN
ajird-1537	277	12	of	of	ADP
ajird-1537	277	13	financial	financial	ADJ
ajird-1537	277	14	products	product	NOUN
ajird-1537	277	15	,	,	PUNCT
ajird-1537	277	16	although	although	SCONJ
ajird-1537	277	17	tokyo	tokyo	PROPN
ajird-1537	277	18	is	be	AUX
ajird-1537	277	19	noted	note	VERB
ajird-1537	277	20	for	for	ADP
ajird-1537	277	21	its	its	PRON
ajird-1537	277	22	significant	significant	ADJ
ajird-1537	277	23	bond	bond	NOUN
ajird-1537	277	24	market	market	NOUN
ajird-1537	277	25	.	.	PUNCT
ajird-1537	278	1	conversely	conversely	ADV
ajird-1537	278	2	,	,	PUNCT
ajird-1537	278	3	nigeria	nigeria	PROPN
ajird-1537	278	4	,	,	PUNCT
ajird-1537	278	5	albeit	albeit	SCONJ
ajird-1537	278	6	the	the	DET
ajird-1537	278	7	largest	large	ADJ
ajird-1537	278	8	financial	financial	ADJ
ajird-1537	278	9	market	market	NOUN
ajird-1537	278	10	in	in	ADP
ajird-1537	278	11	africa	africa	PROPN
ajird-1537	278	12	,	,	PUNCT
ajird-1537	278	13	is	be	AUX
ajird-1537	278	14	very	very	ADV
ajird-1537	278	15	diminutive	diminutive	ADJ
ajird-1537	278	16	in	in	ADP
ajird-1537	278	17	relation	relation	NOUN
ajird-1537	278	18	to	to	ADP
ajird-1537	278	19	its	its	PRON
ajird-1537	278	20	worldwide	worldwide	ADJ
ajird-1537	278	21	peers	peer	NOUN
ajird-1537	278	22	.	.	PUNCT
ajird-1537	279	1	the	the	DET
ajird-1537	279	2	financial	financial	ADJ
ajird-1537	279	3	markets	market	NOUN
ajird-1537	279	4	in	in	ADP
ajird-1537	279	5	new	new	PROPN
ajird-1537	279	6	york	york	PROPN
ajird-1537	279	7	,	,	PUNCT
ajird-1537	279	8	london	london	PROPN
ajird-1537	279	9	,	,	PUNCT
ajird-1537	279	10	and	and	CCONJ
ajird-1537	279	11	tokyo	tokyo	PROPN
ajird-1537	279	12	have	have	AUX
ajird-1537	279	13	demonstrated	demonstrate	VERB
ajird-1537	279	14	resilience	resilience	NOUN
ajird-1537	279	15	throughout	throughout	ADP
ajird-1537	279	16	global	global	ADJ
ajird-1537	279	17	economic	economic	ADJ
ajird-1537	279	18	crises	crisis	NOUN
ajird-1537	279	19	,	,	PUNCT
ajird-1537	279	20	bolstered	bolster	VERB
ajird-1537	279	21	by	by	ADP
ajird-1537	279	22	strong	strong	ADJ
ajird-1537	279	23	regulatory	regulatory	ADJ
ajird-1537	279	24	frameworks	framework	NOUN
ajird-1537	279	25	and	and	CCONJ
ajird-1537	279	26	technology	technology	NOUN
ajird-1537	279	27	innovations	innovation	NOUN
ajird-1537	279	28	.	.	PUNCT
ajird-1537	280	1	nigeria	nigeria	PROPN
ajird-1537	280	2	's	's	PART
ajird-1537	280	3	financial	financial	ADJ
ajird-1537	280	4	market	market	NOUN
ajird-1537	280	5	performance	performance	NOUN
ajird-1537	280	6	is	be	AUX
ajird-1537	280	7	more	more	ADV
ajird-1537	280	8	erratic	erratic	ADJ
ajird-1537	280	9	,	,	PUNCT
ajird-1537	280	10	indicative	indicative	ADJ
ajird-1537	280	11	of	of	ADP
ajird-1537	280	12	the	the	DET
ajird-1537	280	13	wider	wide	ADJ
ajird-1537	280	14	economic	economic	ADJ
ajird-1537	280	15	concerns	concern	NOUN
ajird-1537	280	16	and	and	CCONJ
ajird-1537	280	17	structural	structural	ADJ
ajird-1537	280	18	issues	issue	NOUN
ajird-1537	280	19	confronting	confront	VERB
ajird-1537	280	20	the	the	DET
ajird-1537	280	21	nation	nation	NOUN
ajird-1537	280	22	.	.	PUNCT
ajird-1537	281	1	the	the	DET
ajird-1537	281	2	significance	significance	NOUN
ajird-1537	281	3	of	of	ADP
ajird-1537	281	4	new	new	PROPN
ajird-1537	281	5	york	york	PROPN
ajird-1537	281	6	,	,	PUNCT
ajird-1537	281	7	london	london	PROPN
ajird-1537	281	8	,	,	PUNCT
ajird-1537	281	9	tokyo	tokyo	PROPN
ajird-1537	281	10	,	,	PUNCT
ajird-1537	281	11	and	and	CCONJ
ajird-1537	281	12	nigeria	nigeria	PROPN
ajird-1537	281	13	will	will	AUX
ajird-1537	281	14	endure	endure	VERB
ajird-1537	281	15	as	as	SCONJ
ajird-1537	281	16	global	global	ADJ
ajird-1537	281	17	financial	financial	ADJ
ajird-1537	281	18	markets	market	NOUN
ajird-1537	281	19	expand	expand	VERB
ajird-1537	281	20	.	.	PUNCT
ajird-1537	282	1	every	every	DET
ajird-1537	282	2	financial	financial	ADJ
ajird-1537	282	3	market	market	NOUN
ajird-1537	282	4	has	have	VERB
ajird-1537	282	5	a	a	DET
ajird-1537	282	6	distinct	distinct	ADJ
ajird-1537	282	7	function	function	NOUN
ajird-1537	282	8	within	within	ADP
ajird-1537	282	9	the	the	DET
ajird-1537	282	10	global	global	ADJ
ajird-1537	282	11	financial	financial	ADJ
ajird-1537	282	12	system	system	NOUN
ajird-1537	282	13	,	,	PUNCT
ajird-1537	282	14	facilitating	facilitate	VERB
ajird-1537	282	15	capital	capital	NOUN
ajird-1537	282	16	generation	generation	NOUN
ajird-1537	282	17	,	,	PUNCT
ajird-1537	282	18	investment	investment	NOUN
ajird-1537	282	19	prospects	prospect	NOUN
ajird-1537	282	20	,	,	PUNCT
ajird-1537	282	21	and	and	CCONJ
ajird-1537	282	22	economic	economic	ADJ
ajird-1537	282	23	expansion	expansion	NOUN
ajird-1537	282	24	.	.	PUNCT
ajird-1537	283	1	comprehending	comprehend	VERB
ajird-1537	283	2	the	the	DET
ajird-1537	283	3	dynamics	dynamic	NOUN
ajird-1537	283	4	of	of	ADP
ajird-1537	283	5	these	these	DET
ajird-1537	283	6	financial	financial	ADJ
ajird-1537	283	7	systems	system	NOUN
ajird-1537	283	8	is	be	AUX
ajird-1537	283	9	essential	essential	ADJ
ajird-1537	283	10	for	for	ADP
ajird-1537	283	11	investors	investor	NOUN
ajird-1537	283	12	,	,	PUNCT
ajird-1537	283	13	policymakers	policymaker	NOUN
ajird-1537	283	14	,	,	PUNCT
ajird-1537	283	15	and	and	CCONJ
ajird-1537	283	16	stakeholders	stakeholder	NOUN
ajird-1537	283	17	aiming	aim	VERB
ajird-1537	283	18	to	to	PART
ajird-1537	283	19	manoeuvre	manoeuvre	VERB
ajird-1537	283	20	through	through	ADP
ajird-1537	283	21	the	the	DET
ajird-1537	283	22	intricacies	intricacy	NOUN
ajird-1537	283	23	of	of	ADP
ajird-1537	283	24	the	the	DET
ajird-1537	283	25	global	global	ADJ
ajird-1537	283	26	financial	financial	ADJ
ajird-1537	283	27	environment	environment	NOUN
ajird-1537	283	28	.	.	PUNCT
ajird-1537	284	1	5	5	X
ajird-1537	284	2	.	.	X
ajird-1537	284	3	comparative	comparative	ADJ
ajird-1537	284	4	analysis	analysis	NOUN
ajird-1537	284	5	of	of	ADP
ajird-1537	284	6	financial	financial	ADJ
ajird-1537	284	7	market	market	NOUN
ajird-1537	284	8	size	size	NOUN
ajird-1537	284	9	market	market	NOUN
ajird-1537	284	10	capitalization	capitalization	NOUN
ajird-1537	284	11	market	market	NOUN
ajird-1537	284	12	capitalisation	capitalisation	NOUN
ajird-1537	284	13	serves	serve	VERB
ajird-1537	284	14	as	as	ADP
ajird-1537	284	15	a	a	DET
ajird-1537	284	16	crucial	crucial	ADJ
ajird-1537	284	17	metric	metric	NOUN
ajird-1537	284	18	for	for	ADP
ajird-1537	284	19	assessing	assess	VERB
ajird-1537	284	20	the	the	DET
ajird-1537	284	21	magnitude	magnitude	NOUN
ajird-1537	284	22	and	and	CCONJ
ajird-1537	284	23	vitality	vitality	NOUN
ajird-1537	284	24	of	of	ADP
ajird-1537	284	25	financial	financial	ADJ
ajird-1537	284	26	markets	market	NOUN
ajird-1537	284	27	.	.	PUNCT
ajird-1537	285	1	new	new	PROPN
ajird-1537	285	2	york	york	PROPN
ajird-1537	285	3	is	be	AUX
ajird-1537	285	4	the	the	DET
ajird-1537	285	5	world	world	NOUN
ajird-1537	285	6	leader	leader	NOUN
ajird-1537	285	7	,	,	PUNCT
ajird-1537	285	8	with	with	ADP
ajird-1537	285	9	the	the	DET
ajird-1537	285	10	nyse	nyse	PROPN
ajird-1537	285	11	and	and	CCONJ
ajird-1537	285	12	nasdaq	nasdaq	PROPN
ajird-1537	285	13	having	have	VERB
ajird-1537	285	14	a	a	DET
ajird-1537	285	15	american	american	ADJ
ajird-1537	285	16	journal	journal	NOUN
ajird-1537	285	17	of	of	ADP
ajird-1537	285	18	interdisciplinary	interdisciplinary	ADJ
ajird-1537	285	19	research	research	NOUN
ajird-1537	285	20	and	and	CCONJ
ajird-1537	285	21	development	development	NOUN
ajird-1537	285	22	issn	issn	PROPN
ajird-1537	285	23	online	online	NOUN
ajird-1537	285	24	:	:	PUNCT
ajird-1537	285	25	2771	2771	NUM
ajird-1537	285	26	-	-	SYM
ajird-1537	285	27	8948	8948	NUM
ajird-1537	285	28	website	website	NOUN
ajird-1537	285	29	:	:	PUNCT
ajird-1537	285	30	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	285	31	volume	volume	NOUN
ajird-1537	285	32	39	39	NUM
ajird-1537	285	33	,	,	PUNCT
ajird-1537	285	34	april	april	PROPN
ajird-1537	285	35	2025	2025	NUM
ajird-1537	285	36	77	77	NUM
ajird-1537	286	1	|	|	ADV
ajird-1537	286	2	p	p	NOUN
ajird-1537	286	3	a	a	DET
ajird-1537	286	4	g	g	NOUN
ajird-1537	286	5	e	e	NOUN
ajird-1537	286	6	combined	combine	VERB
ajird-1537	286	7	market	market	NOUN
ajird-1537	286	8	capitalisation	capitalisation	NOUN
ajird-1537	286	9	of	of	ADP
ajird-1537	286	10	$	$	SYM
ajird-1537	286	11	40	40	NUM
ajird-1537	286	12	trillion	trillion	NUM
ajird-1537	286	13	(	(	PUNCT
ajird-1537	286	14	new	new	PROPN
ajird-1537	286	15	york	york	PROPN
ajird-1537	286	16	stock	stock	PROPN
ajird-1537	286	17	exchange	exchange	PROPN
ajird-1537	286	18	,	,	PUNCT
ajird-1537	286	19	2023	2023	NUM
ajird-1537	286	20	)	)	PUNCT
ajird-1537	286	21	.	.	PUNCT
ajird-1537	287	1	this	this	PRON
ajird-1537	287	2	renders	render	VERB
ajird-1537	287	3	new	new	PROPN
ajird-1537	287	4	york	york	PROPN
ajird-1537	287	5	's	's	PART
ajird-1537	287	6	financial	financial	ADJ
ajird-1537	287	7	markets	market	NOUN
ajird-1537	287	8	considerably	considerably	ADV
ajird-1537	287	9	larger	large	ADJ
ajird-1537	287	10	than	than	ADP
ajird-1537	287	11	those	those	PRON
ajird-1537	287	12	in	in	ADP
ajird-1537	287	13	london	london	PROPN
ajird-1537	287	14	,	,	PUNCT
ajird-1537	287	15	tokyo	tokyo	PROPN
ajird-1537	287	16	,	,	PUNCT
ajird-1537	287	17	and	and	CCONJ
ajird-1537	287	18	nigeria	nigeria	PROPN
ajird-1537	287	19	.	.	PUNCT
ajird-1537	288	1	london	london	PROPN
ajird-1537	288	2	's	's	PART
ajird-1537	288	3	market	market	NOUN
ajird-1537	288	4	capitalisation	capitalisation	NOUN
ajird-1537	288	5	is	be	AUX
ajird-1537	288	6	roughly	roughly	ADV
ajird-1537	288	7	$	$	SYM
ajird-1537	288	8	4	4	NUM
ajird-1537	288	9	trillion	trillion	NUM
ajird-1537	288	10	,	,	PUNCT
ajird-1537	288	11	although	although	SCONJ
ajird-1537	288	12	tokyo	tokyo	PROPN
ajird-1537	288	13	's	's	PART
ajird-1537	288	14	is	be	AUX
ajird-1537	288	15	somewhat	somewhat	ADV
ajird-1537	288	16	more	more	ADV
ajird-1537	288	17	at	at	ADP
ajird-1537	288	18	over	over	ADP
ajird-1537	288	19	$	$	SYM
ajird-1537	288	20	6	6	NUM
ajird-1537	288	21	trillion	trillion	NUM
ajird-1537	288	22	(	(	PUNCT
ajird-1537	288	23	bank	bank	NOUN
ajird-1537	288	24	of	of	ADP
ajird-1537	288	25	england	england	PROPN
ajird-1537	288	26	,	,	PUNCT
ajird-1537	288	27	2023	2023	NUM
ajird-1537	288	28	;	;	PUNCT
ajird-1537	288	29	financial	financial	ADJ
ajird-1537	288	30	conduct	conduct	NOUN
ajird-1537	288	31	authority	authority	NOUN
ajird-1537	288	32	,	,	PUNCT
ajird-1537	288	33	2023	2023	NUM
ajird-1537	288	34	)	)	PUNCT
ajird-1537	288	35	.	.	PUNCT
ajird-1537	289	1	nigeria	nigeria	PROPN
ajird-1537	289	2	's	's	PART
ajird-1537	289	3	financial	financial	ADJ
ajird-1537	289	4	market	market	NOUN
ajird-1537	289	5	,	,	PUNCT
ajird-1537	289	6	the	the	DET
ajird-1537	289	7	largest	large	ADJ
ajird-1537	289	8	in	in	ADP
ajird-1537	289	9	africa	africa	PROPN
ajird-1537	289	10	,	,	PUNCT
ajird-1537	289	11	with	with	ADP
ajird-1537	289	12	a	a	DET
ajird-1537	289	13	market	market	NOUN
ajird-1537	289	14	capitalisation	capitalisation	NOUN
ajird-1537	289	15	of	of	ADP
ajird-1537	289	16	just	just	ADV
ajird-1537	289	17	$	$	SYM
ajird-1537	289	18	55	55	NUM
ajird-1537	289	19	billion	billion	NUM
ajird-1537	289	20	,	,	PUNCT
ajird-1537	289	21	underscoring	underscore	VERB
ajird-1537	289	22	the	the	DET
ajird-1537	289	23	discrepancy	discrepancy	NOUN
ajird-1537	289	24	between	between	ADP
ajird-1537	289	25	established	establish	VERB
ajird-1537	289	26	and	and	CCONJ
ajird-1537	289	27	emerging	emerge	VERB
ajird-1537	289	28	markets	market	NOUN
ajird-1537	289	29	(	(	PUNCT
ajird-1537	289	30	nigeria	nigeria	PROPN
ajird-1537	289	31	exchange	exchange	PROPN
ajird-1537	289	32	group	group	NOUN
ajird-1537	289	33	,	,	PUNCT
ajird-1537	289	34	2023	2023	NUM
ajird-1537	289	35	)	)	PUNCT
ajird-1537	289	36	.	.	PUNCT
ajird-1537	290	1	market	market	NOUN
ajird-1537	290	2	liquidity	liquidity	NOUN
ajird-1537	290	3	market	market	NOUN
ajird-1537	290	4	liquidity	liquidity	NOUN
ajird-1537	290	5	denotes	denote	VERB
ajird-1537	290	6	the	the	DET
ajird-1537	290	7	ease	ease	NOUN
ajird-1537	290	8	with	with	ADP
ajird-1537	290	9	which	which	PRON
ajird-1537	290	10	assets	asset	NOUN
ajird-1537	290	11	may	may	AUX
ajird-1537	290	12	be	be	AUX
ajird-1537	290	13	transacted	transact	VERB
ajird-1537	290	14	without	without	ADP
ajird-1537	290	15	influencing	influence	VERB
ajird-1537	290	16	their	their	PRON
ajird-1537	290	17	price	price	NOUN
ajird-1537	290	18	.	.	PUNCT
ajird-1537	291	1	new	new	PROPN
ajird-1537	291	2	york	york	PROPN
ajird-1537	291	3	and	and	CCONJ
ajird-1537	291	4	london	london	PROPN
ajird-1537	291	5	possess	possess	VERB
ajird-1537	291	6	some	some	PRON
ajird-1537	291	7	of	of	ADP
ajird-1537	291	8	the	the	DET
ajird-1537	291	9	most	most	ADV
ajird-1537	291	10	liquid	liquid	ADJ
ajird-1537	291	11	markets	market	NOUN
ajird-1537	291	12	worldwide	worldwide	ADV
ajird-1537	291	13	,	,	PUNCT
ajird-1537	291	14	characterised	characterise	VERB
ajird-1537	291	15	by	by	ADP
ajird-1537	291	16	elevated	elevated	ADJ
ajird-1537	291	17	trade	trade	NOUN
ajird-1537	291	18	activity	activity	NOUN
ajird-1537	291	19	and	and	CCONJ
ajird-1537	291	20	substantial	substantial	ADJ
ajird-1537	291	21	capital	capital	NOUN
ajird-1537	291	22	reserves	reserve	NOUN
ajird-1537	291	23	.	.	PUNCT
ajird-1537	292	1	the	the	DET
ajird-1537	292	2	nyse	nyse	PROPN
ajird-1537	292	3	and	and	CCONJ
ajird-1537	292	4	nasdaq	nasdaq	PROPN
ajird-1537	292	5	are	be	AUX
ajird-1537	292	6	recognised	recognise	VERB
ajird-1537	292	7	for	for	ADP
ajird-1537	292	8	their	their	PRON
ajird-1537	292	9	liquidity	liquidity	NOUN
ajird-1537	292	10	,	,	PUNCT
ajird-1537	292	11	characterised	characterise	VERB
ajird-1537	292	12	by	by	ADP
ajird-1537	292	13	substantial	substantial	ADJ
ajird-1537	292	14	daily	daily	ADJ
ajird-1537	292	15	trading	trading	NOUN
ajird-1537	292	16	volumes	volume	NOUN
ajird-1537	292	17	of	of	ADP
ajird-1537	292	18	equities	equity	NOUN
ajird-1537	292	19	and	and	CCONJ
ajird-1537	292	20	bonds	bond	NOUN
ajird-1537	292	21	(	(	PUNCT
ajird-1537	292	22	new	new	PROPN
ajird-1537	292	23	york	york	PROPN
ajird-1537	292	24	stock	stock	PROPN
ajird-1537	292	25	exchange	exchange	PROPN
ajird-1537	292	26	,	,	PUNCT
ajird-1537	292	27	2023	2023	NUM
ajird-1537	292	28	;	;	PUNCT
ajird-1537	292	29	oecd	oecd	PROPN
ajird-1537	292	30	,	,	PUNCT
ajird-1537	292	31	2023	2023	NUM
ajird-1537	292	32	)	)	PUNCT
ajird-1537	292	33	.	.	PUNCT
ajird-1537	293	1	the	the	DET
ajird-1537	293	2	foreign	foreign	ADJ
ajird-1537	293	3	exchange	exchange	NOUN
ajird-1537	293	4	market	market	NOUN
ajird-1537	293	5	in	in	ADP
ajird-1537	293	6	london	london	PROPN
ajird-1537	293	7	is	be	AUX
ajird-1537	293	8	exceptionally	exceptionally	ADV
ajird-1537	293	9	liquid	liquid	ADJ
ajird-1537	293	10	,	,	PUNCT
ajird-1537	293	11	with	with	ADP
ajird-1537	293	12	daily	daily	ADJ
ajird-1537	293	13	transactions	transaction	NOUN
ajird-1537	293	14	amounting	amount	VERB
ajird-1537	293	15	to	to	ADP
ajird-1537	293	16	trillions	trillion	NOUN
ajird-1537	293	17	of	of	ADP
ajird-1537	293	18	dollars	dollar	NOUN
ajird-1537	293	19	in	in	ADP
ajird-1537	293	20	currencies	currency	NOUN
ajird-1537	293	21	.	.	PUNCT
ajird-1537	294	1	the	the	DET
ajird-1537	294	2	financial	financial	ADJ
ajird-1537	294	3	markets	market	NOUN
ajird-1537	294	4	in	in	ADP
ajird-1537	294	5	tokyo	tokyo	PROPN
ajird-1537	294	6	exhibit	exhibit	VERB
ajird-1537	294	7	considerable	considerable	ADJ
ajird-1537	294	8	liquidity	liquidity	NOUN
ajird-1537	294	9	,	,	PUNCT
ajird-1537	294	10	especially	especially	ADV
ajird-1537	294	11	in	in	ADP
ajird-1537	294	12	government	government	NOUN
ajird-1537	294	13	bonds	bond	NOUN
ajird-1537	294	14	,	,	PUNCT
ajird-1537	294	15	which	which	PRON
ajird-1537	294	16	are	be	AUX
ajird-1537	294	17	extensively	extensively	ADV
ajird-1537	294	18	traded	trade	VERB
ajird-1537	294	19	by	by	ADP
ajird-1537	294	20	local	local	ADJ
ajird-1537	294	21	institutions	institution	NOUN
ajird-1537	294	22	.	.	PUNCT
ajird-1537	295	1	nevertheless	nevertheless	ADV
ajird-1537	295	2	,	,	PUNCT
ajird-1537	295	3	japan	japan	PROPN
ajird-1537	295	4	's	's	PART
ajird-1537	295	5	conservative	conservative	ADJ
ajird-1537	295	6	investing	investing	NOUN
ajird-1537	295	7	culture	culture	NOUN
ajird-1537	295	8	may	may	AUX
ajird-1537	295	9	diminish	diminish	VERB
ajird-1537	295	10	liquidity	liquidity	NOUN
ajird-1537	295	11	relative	relative	ADJ
ajird-1537	295	12	to	to	ADP
ajird-1537	295	13	western	western	ADJ
ajird-1537	295	14	markets	market	NOUN
ajird-1537	295	15	.	.	PUNCT
ajird-1537	296	1	nigeria	nigeria	PROPN
ajird-1537	296	2	's	's	PART
ajird-1537	296	3	financial	financial	ADJ
ajird-1537	296	4	markets	market	NOUN
ajird-1537	296	5	encounter	encounter	VERB
ajird-1537	296	6	considerable	considerable	ADJ
ajird-1537	296	7	liquidity	liquidity	NOUN
ajird-1537	296	8	issues	issue	NOUN
ajird-1537	296	9	,	,	PUNCT
ajird-1537	296	10	characterised	characterise	VERB
ajird-1537	296	11	by	by	ADP
ajird-1537	296	12	low	low	ADJ
ajird-1537	296	13	trading	trading	NOUN
ajird-1537	296	14	volumes	volume	NOUN
ajird-1537	296	15	and	and	CCONJ
ajird-1537	296	16	insufficient	insufficient	ADJ
ajird-1537	296	17	depth	depth	NOUN
ajird-1537	296	18	in	in	ADP
ajird-1537	296	19	financial	financial	ADJ
ajird-1537	296	20	products	product	NOUN
ajird-1537	296	21	.	.	PUNCT
ajird-1537	297	1	this	this	PRON
ajird-1537	297	2	restricts	restrict	VERB
ajird-1537	297	3	investors	investor	NOUN
ajird-1537	297	4	'	'	PART
ajird-1537	297	5	capacity	capacity	NOUN
ajird-1537	297	6	to	to	PART
ajird-1537	297	7	rapidly	rapidly	ADV
ajird-1537	297	8	transact	transact	VERB
ajird-1537	297	9	assets	asset	NOUN
ajird-1537	297	10	and	and	CCONJ
ajird-1537	297	11	may	may	AUX
ajird-1537	297	12	exacerbate	exacerbate	VERB
ajird-1537	297	13	market	market	NOUN
ajird-1537	297	14	volatility	volatility	NOUN
ajird-1537	297	15	.	.	PUNCT
ajird-1537	298	1	investor	investor	NOUN
ajird-1537	298	2	demographic	demographic	ADJ
ajird-1537	298	3	new	new	PROPN
ajird-1537	298	4	york	york	PROPN
ajird-1537	298	5	and	and	CCONJ
ajird-1537	298	6	london	london	PROPN
ajird-1537	298	7	possess	possess	VERB
ajird-1537	298	8	varied	varied	ADJ
ajird-1537	298	9	and	and	CCONJ
ajird-1537	298	10	international	international	ADJ
ajird-1537	298	11	investor	investor	NOUN
ajird-1537	298	12	demographics	demographic	NOUN
ajird-1537	298	13	,	,	PUNCT
ajird-1537	298	14	characterised	characterise	VERB
ajird-1537	298	15	by	by	ADP
ajird-1537	298	16	substantial	substantial	ADJ
ajird-1537	298	17	involvement	involvement	NOUN
ajird-1537	298	18	from	from	ADP
ajird-1537	298	19	both	both	CCONJ
ajird-1537	298	20	institutional	institutional	ADJ
ajird-1537	298	21	and	and	CCONJ
ajird-1537	298	22	individual	individual	ADJ
ajird-1537	298	23	investors	investor	NOUN
ajird-1537	298	24	.	.	PUNCT
ajird-1537	299	1	foreign	foreign	ADJ
ajird-1537	299	2	investors	investor	NOUN
ajird-1537	299	3	are	be	AUX
ajird-1537	299	4	crucial	crucial	ADJ
ajird-1537	299	5	in	in	ADP
ajird-1537	299	6	both	both	DET
ajird-1537	299	7	markets	market	NOUN
ajird-1537	299	8	,	,	PUNCT
ajird-1537	299	9	drawn	draw	VERB
ajird-1537	299	10	by	by	ADP
ajird-1537	299	11	the	the	DET
ajird-1537	299	12	stability	stability	NOUN
ajird-1537	299	13	,	,	PUNCT
ajird-1537	299	14	transparency	transparency	NOUN
ajird-1537	299	15	,	,	PUNCT
ajird-1537	299	16	and	and	CCONJ
ajird-1537	299	17	variety	variety	NOUN
ajird-1537	299	18	of	of	ADP
ajird-1537	299	19	financial	financial	ADJ
ajird-1537	299	20	products	product	NOUN
ajird-1537	299	21	(	(	PUNCT
ajird-1537	299	22	barker	barker	PROPN
ajird-1537	299	23	&	&	CCONJ
ajird-1537	299	24	ricciardi	ricciardi	PROPN
ajird-1537	299	25	,	,	PUNCT
ajird-1537	299	26	2014	2014	NUM
ajird-1537	299	27	)	)	PUNCT
ajird-1537	299	28	.	.	PUNCT
ajird-1537	300	1	in	in	ADP
ajird-1537	300	2	new	new	PROPN
ajird-1537	300	3	york	york	PROPN
ajird-1537	300	4	,	,	PUNCT
ajird-1537	300	5	institutional	institutional	ADJ
ajird-1537	300	6	investors	investor	NOUN
ajird-1537	300	7	,	,	PUNCT
ajird-1537	300	8	including	include	VERB
ajird-1537	300	9	pension	pension	NOUN
ajird-1537	300	10	funds	fund	NOUN
ajird-1537	300	11	,	,	PUNCT
ajird-1537	300	12	hedge	hedge	NOUN
ajird-1537	300	13	funds	fund	NOUN
ajird-1537	300	14	,	,	PUNCT
ajird-1537	300	15	and	and	CCONJ
ajird-1537	300	16	insurance	insurance	NOUN
ajird-1537	300	17	firms	firm	NOUN
ajird-1537	300	18	,	,	PUNCT
ajird-1537	300	19	constitute	constitute	VERB
ajird-1537	300	20	a	a	DET
ajird-1537	300	21	significant	significant	ADJ
ajird-1537	300	22	share	share	NOUN
ajird-1537	300	23	of	of	ADP
ajird-1537	300	24	market	market	NOUN
ajird-1537	300	25	activity	activity	NOUN
ajird-1537	300	26	.	.	PUNCT
ajird-1537	301	1	london	london	PROPN
ajird-1537	301	2	's	's	PART
ajird-1537	301	3	investor	investor	NOUN
ajird-1537	301	4	demographic	demographic	NOUN
ajird-1537	301	5	is	be	AUX
ajird-1537	301	6	also	also	ADV
ajird-1537	301	7	international	international	ADJ
ajird-1537	301	8	,	,	PUNCT
ajird-1537	301	9	with	with	ADP
ajird-1537	301	10	substantial	substantial	ADJ
ajird-1537	301	11	involvement	involvement	NOUN
ajird-1537	301	12	from	from	ADP
ajird-1537	301	13	overseas	overseas	ADJ
ajird-1537	301	14	investors	investor	NOUN
ajird-1537	301	15	in	in	ADP
ajird-1537	301	16	the	the	DET
ajird-1537	301	17	city	city	NOUN
ajird-1537	301	18	's	's	PART
ajird-1537	301	19	bond	bond	NOUN
ajird-1537	301	20	and	and	CCONJ
ajird-1537	301	21	foreign	foreign	ADJ
ajird-1537	301	22	exchange	exchange	NOUN
ajird-1537	301	23	markets	market	NOUN
ajird-1537	301	24	.	.	PUNCT
ajird-1537	302	1	tokyo	tokyo	PROPN
ajird-1537	302	2	's	's	PART
ajird-1537	302	3	investor	investor	NOUN
ajird-1537	302	4	demographic	demographic	NOUN
ajird-1537	302	5	is	be	AUX
ajird-1537	302	6	predominantly	predominantly	ADV
ajird-1537	302	7	domestic	domestic	ADJ
ajird-1537	302	8	,	,	PUNCT
ajird-1537	302	9	with	with	ADP
ajird-1537	302	10	a	a	DET
ajird-1537	302	11	substantial	substantial	ADJ
ajird-1537	302	12	share	share	NOUN
ajird-1537	302	13	of	of	ADP
ajird-1537	302	14	government	government	NOUN
ajird-1537	302	15	bonds	bond	NOUN
ajird-1537	302	16	retained	retain	VERB
ajird-1537	302	17	by	by	ADP
ajird-1537	302	18	local	local	ADJ
ajird-1537	302	19	financial	financial	ADJ
ajird-1537	302	20	entities	entity	NOUN
ajird-1537	302	21	,	,	PUNCT
ajird-1537	302	22	including	include	VERB
ajird-1537	302	23	banks	bank	NOUN
ajird-1537	302	24	and	and	CCONJ
ajird-1537	302	25	insurance	insurance	NOUN
ajird-1537	302	26	firms	firm	NOUN
ajird-1537	302	27	(	(	PUNCT
ajird-1537	302	28	tokyo	tokyo	PROPN
ajird-1537	302	29	stock	stock	NOUN
ajird-1537	302	30	exchange	exchange	NOUN
ajird-1537	302	31	,	,	PUNCT
ajird-1537	302	32	2023	2023	NUM
ajird-1537	302	33	)	)	PUNCT
ajird-1537	302	34	.	.	PUNCT
ajird-1537	303	1	although	although	SCONJ
ajird-1537	303	2	international	international	ADJ
ajird-1537	303	3	investors	investor	NOUN
ajird-1537	303	4	engage	engage	VERB
ajird-1537	303	5	in	in	ADP
ajird-1537	303	6	tokyo	tokyo	PROPN
ajird-1537	303	7	's	's	PART
ajird-1537	303	8	financial	financial	ADJ
ajird-1537	303	9	markets	market	NOUN
ajird-1537	303	10	,	,	PUNCT
ajird-1537	303	11	their	their	PRON
ajird-1537	303	12	activity	activity	NOUN
ajird-1537	303	13	is	be	AUX
ajird-1537	303	14	comparatively	comparatively	ADV
ajird-1537	303	15	lower	low	ADJ
ajird-1537	303	16	than	than	ADP
ajird-1537	303	17	that	that	PRON
ajird-1537	303	18	in	in	ADP
ajird-1537	303	19	new	new	PROPN
ajird-1537	303	20	york	york	PROPN
ajird-1537	303	21	and	and	CCONJ
ajird-1537	303	22	london	london	PROPN
ajird-1537	303	23	.	.	PUNCT
ajird-1537	304	1	nigeria	nigeria	PROPN
ajird-1537	304	2	's	's	PART
ajird-1537	304	3	investment	investment	NOUN
ajird-1537	304	4	base	base	NOUN
ajird-1537	304	5	is	be	AUX
ajird-1537	304	6	predominantly	predominantly	ADV
ajird-1537	304	7	domestic	domestic	ADJ
ajird-1537	304	8	,	,	PUNCT
ajird-1537	304	9	while	while	SCONJ
ajird-1537	304	10	international	international	ADJ
ajird-1537	304	11	involvement	involvement	NOUN
ajird-1537	304	12	is	be	AUX
ajird-1537	304	13	constrained	constrain	VERB
ajird-1537	304	14	by	by	ADP
ajird-1537	304	15	apprehensions	apprehension	NOUN
ajird-1537	304	16	over	over	ADP
ajird-1537	304	17	regulatory	regulatory	ADJ
ajird-1537	304	18	risks	risk	NOUN
ajird-1537	304	19	,	,	PUNCT
ajird-1537	304	20	currency	currency	NOUN
ajird-1537	304	21	devaluation	devaluation	NOUN
ajird-1537	304	22	,	,	PUNCT
ajird-1537	304	23	poor	poor	ADJ
ajird-1537	304	24	corporate	corporate	ADJ
ajird-1537	304	25	governance	governance	NOUN
ajird-1537	304	26	,	,	PUNCT
ajird-1537	304	27	and	and	CCONJ
ajird-1537	304	28	market	market	NOUN
ajird-1537	304	29	instability	instability	NOUN
ajird-1537	304	30	.	.	PUNCT
ajird-1537	305	1	nigeria	nigeria	PROPN
ajird-1537	305	2	's	's	PART
ajird-1537	305	3	developing	develop	VERB
ajird-1537	305	4	middle	middle	ADJ
ajird-1537	305	5	class	class	NOUN
ajird-1537	305	6	and	and	CCONJ
ajird-1537	305	7	rising	rise	VERB
ajird-1537	305	8	financial	financial	ADJ
ajird-1537	305	9	inclusion	inclusion	NOUN
ajird-1537	305	10	offer	offer	NOUN
ajird-1537	305	11	prospects	prospect	NOUN
ajird-1537	305	12	for	for	ADP
ajird-1537	305	13	broadening	broaden	VERB
ajird-1537	305	14	the	the	DET
ajird-1537	305	15	investor	investor	NOUN
ajird-1537	305	16	pool	pool	NOUN
ajird-1537	305	17	.	.	PUNCT
ajird-1537	306	1	american	american	ADJ
ajird-1537	306	2	journal	journal	PROPN
ajird-1537	306	3	of	of	ADP
ajird-1537	306	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	306	5	research	research	NOUN
ajird-1537	306	6	and	and	CCONJ
ajird-1537	306	7	development	development	NOUN
ajird-1537	306	8	issn	issn	PROPN
ajird-1537	306	9	online	online	NOUN
ajird-1537	306	10	:	:	PUNCT
ajird-1537	306	11	2771	2771	NUM
ajird-1537	306	12	-	-	SYM
ajird-1537	306	13	8948	8948	NUM
ajird-1537	306	14	website	website	NOUN
ajird-1537	306	15	:	:	PUNCT
ajird-1537	306	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	306	17	volume	volume	NOUN
ajird-1537	306	18	39	39	NUM
ajird-1537	306	19	,	,	PUNCT
ajird-1537	306	20	april	april	PROPN
ajird-1537	306	21	2025	2025	NUM
ajird-1537	306	22	78	78	NUM
ajird-1537	307	1	|	|	ADV
ajird-1537	307	2	p	p	NOUN
ajird-1537	307	3	a	a	DET
ajird-1537	307	4	g	g	NOUN
ajird-1537	307	5	e	e	ADP
ajird-1537	307	6	regulatory	regulatory	ADJ
ajird-1537	307	7	frameworks	framework	NOUN
ajird-1537	307	8	regulation	regulation	NOUN
ajird-1537	307	9	is	be	AUX
ajird-1537	307	10	essential	essential	ADJ
ajird-1537	307	11	for	for	ADP
ajird-1537	307	12	the	the	DET
ajird-1537	307	13	operation	operation	NOUN
ajird-1537	307	14	of	of	ADP
ajird-1537	307	15	financial	financial	ADJ
ajird-1537	307	16	markets	market	NOUN
ajird-1537	307	17	,	,	PUNCT
ajird-1537	307	18	guaranteeing	guarantee	VERB
ajird-1537	307	19	transparency	transparency	NOUN
ajird-1537	307	20	,	,	PUNCT
ajird-1537	307	21	safeguarding	safeguard	VERB
ajird-1537	307	22	investors	investor	NOUN
ajird-1537	307	23	,	,	PUNCT
ajird-1537	307	24	and	and	CCONJ
ajird-1537	307	25	preserving	preserve	VERB
ajird-1537	307	26	stability	stability	NOUN
ajird-1537	307	27	.	.	PUNCT
ajird-1537	308	1	the	the	DET
ajird-1537	308	2	financial	financial	ADJ
ajird-1537	308	3	markets	market	NOUN
ajird-1537	308	4	of	of	ADP
ajird-1537	308	5	new	new	PROPN
ajird-1537	308	6	york	york	PROPN
ajird-1537	308	7	are	be	AUX
ajird-1537	308	8	regulated	regulate	VERB
ajird-1537	308	9	by	by	ADP
ajird-1537	308	10	a	a	DET
ajird-1537	308	11	comprehensive	comprehensive	ADJ
ajird-1537	308	12	system	system	NOUN
ajird-1537	308	13	,	,	PUNCT
ajird-1537	308	14	with	with	ADP
ajird-1537	308	15	the	the	DET
ajird-1537	308	16	securities	securities	PROPN
ajird-1537	308	17	and	and	CCONJ
ajird-1537	308	18	exchange	exchange	PROPN
ajird-1537	308	19	commission	commission	PROPN
ajird-1537	308	20	(	(	PUNCT
ajird-1537	308	21	sec	sec	PROPN
ajird-1537	308	22	)	)	PUNCT
ajird-1537	308	23	significantly	significantly	ADV
ajird-1537	308	24	supervising	supervise	VERB
ajird-1537	308	25	capital	capital	NOUN
ajird-1537	308	26	markets	market	NOUN
ajird-1537	308	27	(	(	PUNCT
ajird-1537	308	28	financial	financial	ADJ
ajird-1537	308	29	times	time	NOUN
ajird-1537	308	30	,	,	PUNCT
ajird-1537	308	31	2023	2023	NUM
ajird-1537	308	32	)	)	PUNCT
ajird-1537	308	33	.	.	PUNCT
ajird-1537	309	1	alongside	alongside	ADP
ajird-1537	309	2	the	the	DET
ajird-1537	309	3	sec	sec	PROPN
ajird-1537	309	4	,	,	PUNCT
ajird-1537	309	5	other	other	ADJ
ajird-1537	309	6	regulatory	regulatory	ADJ
ajird-1537	309	7	entities	entity	NOUN
ajird-1537	309	8	,	,	PUNCT
ajird-1537	309	9	like	like	ADP
ajird-1537	309	10	the	the	DET
ajird-1537	309	11	federal	federal	PROPN
ajird-1537	309	12	reserve	reserve	PROPN
ajird-1537	309	13	and	and	CCONJ
ajird-1537	309	14	the	the	DET
ajird-1537	309	15	commodity	commodity	NOUN
ajird-1537	309	16	futures	futures	PROPN
ajird-1537	309	17	trading	trading	PROPN
ajird-1537	309	18	commission	commission	PROPN
ajird-1537	309	19	(	(	PUNCT
ajird-1537	309	20	cftc	cftc	PROPN
ajird-1537	309	21	)	)	PUNCT
ajird-1537	309	22	,	,	PUNCT
ajird-1537	309	23	play	play	VERB
ajird-1537	309	24	a	a	DET
ajird-1537	309	25	role	role	NOUN
ajird-1537	309	26	in	in	ADP
ajird-1537	309	27	maintaining	maintain	VERB
ajird-1537	309	28	the	the	DET
ajird-1537	309	29	stability	stability	NOUN
ajird-1537	309	30	of	of	ADP
ajird-1537	309	31	the	the	DET
ajird-1537	309	32	financial	financial	ADJ
ajird-1537	309	33	system	system	NOUN
ajird-1537	309	34	.	.	PUNCT
ajird-1537	310	1	london	london	PROPN
ajird-1537	310	2	possesses	possess	VERB
ajird-1537	310	3	a	a	DET
ajird-1537	310	4	robust	robust	ADJ
ajird-1537	310	5	regulatory	regulatory	ADJ
ajird-1537	310	6	structure	structure	NOUN
ajird-1537	310	7	,	,	PUNCT
ajird-1537	310	8	with	with	ADP
ajird-1537	310	9	the	the	DET
ajird-1537	310	10	financial	financial	ADJ
ajird-1537	310	11	conduct	conduct	NOUN
ajird-1537	310	12	authority	authority	NOUN
ajird-1537	310	13	(	(	PUNCT
ajird-1537	310	14	fca	fca	PROPN
ajird-1537	310	15	)	)	PUNCT
ajird-1537	310	16	and	and	CCONJ
ajird-1537	310	17	the	the	DET
ajird-1537	310	18	prudential	prudential	ADJ
ajird-1537	310	19	regulation	regulation	PROPN
ajird-1537	310	20	authority	authority	NOUN
ajird-1537	310	21	(	(	PUNCT
ajird-1537	310	22	pra	pra	PROPN
ajird-1537	310	23	)	)	PUNCT
ajird-1537	310	24	supervising	supervise	VERB
ajird-1537	310	25	financial	financial	ADJ
ajird-1537	310	26	markets	market	NOUN
ajird-1537	310	27	and	and	CCONJ
ajird-1537	310	28	institutions	institution	NOUN
ajird-1537	310	29	(	(	PUNCT
ajird-1537	310	30	international	international	ADJ
ajird-1537	310	31	monetary	monetary	ADJ
ajird-1537	310	32	fund	fund	NOUN
ajird-1537	310	33	,	,	PUNCT
ajird-1537	310	34	2023	2023	NUM
ajird-1537	310	35	)	)	PUNCT
ajird-1537	310	36	.	.	PUNCT
ajird-1537	311	1	these	these	DET
ajird-1537	311	2	regulators	regulator	NOUN
ajird-1537	311	3	guarantee	guarantee	VERB
ajird-1537	311	4	the	the	DET
ajird-1537	311	5	equitable	equitable	ADJ
ajird-1537	311	6	and	and	CCONJ
ajird-1537	311	7	transparent	transparent	ADJ
ajird-1537	311	8	functioning	functioning	NOUN
ajird-1537	311	9	of	of	ADP
ajird-1537	311	10	financial	financial	ADJ
ajird-1537	311	11	markets	market	NOUN
ajird-1537	311	12	,	,	PUNCT
ajird-1537	311	13	whilst	whilst	SCONJ
ajird-1537	311	14	safeguarding	safeguard	VERB
ajird-1537	311	15	consumers	consumer	NOUN
ajird-1537	311	16	and	and	CCONJ
ajird-1537	311	17	preserving	preserve	VERB
ajird-1537	311	18	financial	financial	ADJ
ajird-1537	311	19	stability	stability	NOUN
ajird-1537	311	20	.	.	PUNCT
ajird-1537	312	1	the	the	DET
ajird-1537	312	2	financial	financial	PROPN
ajird-1537	312	3	services	service	NOUN
ajird-1537	312	4	agency	agency	PROPN
ajird-1537	312	5	(	(	PUNCT
ajird-1537	312	6	fsa	fsa	PROPN
ajird-1537	312	7	)	)	PUNCT
ajird-1537	312	8	regulates	regulate	VERB
ajird-1537	312	9	tokyo	tokyo	PROPN
ajird-1537	312	10	's	's	PART
ajird-1537	312	11	financial	financial	ADJ
ajird-1537	312	12	markets	market	NOUN
ajird-1537	312	13	,	,	PUNCT
ajird-1537	312	14	supervising	supervise	VERB
ajird-1537	312	15	financial	financial	ADJ
ajird-1537	312	16	firms	firm	NOUN
ajird-1537	312	17	and	and	CCONJ
ajird-1537	312	18	ensuring	ensure	VERB
ajird-1537	312	19	market	market	NOUN
ajird-1537	312	20	stability	stability	NOUN
ajird-1537	312	21	.	.	PUNCT
ajird-1537	313	1	the	the	DET
ajird-1537	313	2	bank	bank	PROPN
ajird-1537	313	3	of	of	ADP
ajird-1537	313	4	japan	japan	PROPN
ajird-1537	313	5	(	(	PUNCT
ajird-1537	313	6	boj	boj	PROPN
ajird-1537	313	7	)	)	PUNCT
ajird-1537	313	8	is	be	AUX
ajird-1537	313	9	crucial	crucial	ADJ
ajird-1537	313	10	in	in	ADP
ajird-1537	313	11	preserving	preserve	VERB
ajird-1537	313	12	financial	financial	ADJ
ajird-1537	313	13	stability	stability	NOUN
ajird-1537	313	14	via	via	ADP
ajird-1537	313	15	its	its	PRON
ajird-1537	313	16	monetary	monetary	ADJ
ajird-1537	313	17	policy	policy	NOUN
ajird-1537	313	18	and	and	CCONJ
ajird-1537	313	19	operations	operation	NOUN
ajird-1537	313	20	in	in	ADP
ajird-1537	313	21	the	the	DET
ajird-1537	313	22	bond	bond	NOUN
ajird-1537	313	23	market	market	NOUN
ajird-1537	313	24	.	.	PUNCT
ajird-1537	314	1	nigeria	nigeria	PROPN
ajird-1537	314	2	's	's	PART
ajird-1537	314	3	regulatory	regulatory	ADJ
ajird-1537	314	4	structure	structure	NOUN
ajird-1537	314	5	is	be	AUX
ajird-1537	314	6	underdeveloped	underdeveloped	ADJ
ajird-1537	314	7	relative	relative	ADJ
ajird-1537	314	8	to	to	ADP
ajird-1537	314	9	that	that	PRON
ajird-1537	314	10	of	of	ADP
ajird-1537	314	11	new	new	PROPN
ajird-1537	314	12	york	york	PROPN
ajird-1537	314	13	,	,	PUNCT
ajird-1537	314	14	london	london	PROPN
ajird-1537	314	15	,	,	PUNCT
ajird-1537	314	16	and	and	CCONJ
ajird-1537	314	17	tokyo	tokyo	PROPN
ajird-1537	314	18	.	.	PUNCT
ajird-1537	315	1	nonetheless	nonetheless	ADV
ajird-1537	315	2	,	,	PUNCT
ajird-1537	315	3	notable	notable	ADJ
ajird-1537	315	4	advancements	advancement	NOUN
ajird-1537	315	5	have	have	AUX
ajird-1537	315	6	occurred	occur	VERB
ajird-1537	315	7	in	in	ADP
ajird-1537	315	8	recent	recent	ADJ
ajird-1537	315	9	years	year	NOUN
ajird-1537	315	10	.	.	PUNCT
ajird-1537	316	1	periodic	periodic	ADJ
ajird-1537	316	2	policies	policy	NOUN
ajird-1537	316	3	on	on	ADP
ajird-1537	316	4	recapitalization	recapitalization	NOUN
ajird-1537	316	5	,	,	PUNCT
ajird-1537	316	6	corporate	corporate	ADJ
ajird-1537	316	7	governance	governance	NOUN
ajird-1537	316	8	policies	policy	NOUN
ajird-1537	316	9	bothering	bother	VERB
ajird-1537	316	10	on	on	ADP
ajird-1537	316	11	tenors	tenor	NOUN
ajird-1537	316	12	of	of	ADP
ajird-1537	316	13	directors	director	NOUN
ajird-1537	316	14	,	,	PUNCT
ajird-1537	316	15	policies	policy	NOUN
ajird-1537	316	16	regulating	regulate	VERB
ajird-1537	316	17	the	the	DET
ajird-1537	316	18	activities	activity	NOUN
ajird-1537	316	19	of	of	ADP
ajird-1537	316	20	fintech	fintech	NOUN
ajird-1537	316	21	companies	company	NOUN
ajird-1537	316	22	are	be	AUX
ajird-1537	316	23	geared	gear	VERB
ajird-1537	316	24	towards	towards	ADP
ajird-1537	316	25	enhancing	enhance	VERB
ajird-1537	316	26	the	the	DET
ajird-1537	316	27	openness	openness	NOUN
ajird-1537	316	28	and	and	CCONJ
ajird-1537	316	29	accountability	accountability	NOUN
ajird-1537	316	30	of	of	ADP
ajird-1537	316	31	the	the	DET
ajird-1537	316	32	system	system	NOUN
ajird-1537	316	33	and	and	CCONJ
ajird-1537	316	34	increase	increase	VERB
ajird-1537	316	35	investors	investor	NOUN
ajird-1537	316	36	’	'	PUNCT
ajird-1537	316	37	confidence	confidence	NOUN
ajird-1537	316	38	in	in	ADP
ajird-1537	316	39	the	the	DET
ajird-1537	316	40	system	system	NOUN
ajird-1537	316	41	.	.	PUNCT
ajird-1537	317	1	the	the	DET
ajird-1537	317	2	central	central	ADJ
ajird-1537	317	3	bank	bank	PROPN
ajird-1537	317	4	of	of	ADP
ajird-1537	317	5	nigeria	nigeria	PROPN
ajird-1537	317	6	(	(	PUNCT
ajird-1537	317	7	cbn	cbn	PROPN
ajird-1537	317	8	)	)	PUNCT
ajird-1537	317	9	and	and	CCONJ
ajird-1537	317	10	the	the	DET
ajird-1537	317	11	securities	securities	PROPN
ajird-1537	317	12	and	and	CCONJ
ajird-1537	317	13	exchange	exchange	PROPN
ajird-1537	317	14	commission	commission	PROPN
ajird-1537	317	15	(	(	PUNCT
ajird-1537	317	16	sec	sec	PROPN
ajird-1537	317	17	)	)	PUNCT
ajird-1537	317	18	are	be	AUX
ajird-1537	317	19	tasked	task	VERB
ajird-1537	317	20	with	with	ADP
ajird-1537	317	21	regulating	regulate	VERB
ajird-1537	317	22	the	the	DET
ajird-1537	317	23	nation	nation	NOUN
ajird-1537	317	24	's	's	PART
ajird-1537	317	25	financial	financial	ADJ
ajird-1537	317	26	markets	market	NOUN
ajird-1537	317	27	and	and	CCONJ
ajird-1537	317	28	institutions	institution	NOUN
ajird-1537	317	29	(	(	PUNCT
ajird-1537	317	30	central	central	ADJ
ajird-1537	317	31	bank	bank	PROPN
ajird-1537	317	32	of	of	ADP
ajird-1537	317	33	nigeria	nigeria	PROPN
ajird-1537	317	34	,	,	PUNCT
ajird-1537	317	35	2022	2022	NUM
ajird-1537	317	36	)	)	PUNCT
ajird-1537	317	37	.	.	PUNCT
ajird-1537	318	1	however	however	ADV
ajird-1537	318	2	,	,	PUNCT
ajird-1537	318	3	obstacles	obstacle	NOUN
ajird-1537	318	4	persist	persist	VERB
ajird-1537	318	5	,	,	PUNCT
ajird-1537	318	6	especially	especially	ADV
ajird-1537	318	7	regarding	regard	VERB
ajird-1537	318	8	enforcement	enforcement	NOUN
ajird-1537	318	9	and	and	CCONJ
ajird-1537	318	10	openness	openness	NOUN
ajird-1537	318	11	.	.	PUNCT
ajird-1537	319	1	the	the	DET
ajird-1537	319	2	regulatory	regulatory	ADJ
ajird-1537	319	3	landscape	landscape	NOUN
ajird-1537	319	4	in	in	ADP
ajird-1537	319	5	nigeria	nigeria	PROPN
ajird-1537	319	6	is	be	AUX
ajird-1537	319	7	still	still	ADV
ajird-1537	319	8	developing	develop	VERB
ajird-1537	319	9	,	,	PUNCT
ajird-1537	319	10	necessitating	necessitate	VERB
ajird-1537	319	11	more	more	ADJ
ajird-1537	319	12	reforms	reform	NOUN
ajird-1537	319	13	to	to	PART
ajird-1537	319	14	provide	provide	VERB
ajird-1537	319	15	a	a	DET
ajird-1537	319	16	stable	stable	ADJ
ajird-1537	319	17	and	and	CCONJ
ajird-1537	319	18	transparent	transparent	ADJ
ajird-1537	319	19	financial	financial	ADJ
ajird-1537	319	20	system	system	NOUN
ajird-1537	319	21	capable	capable	ADJ
ajird-1537	319	22	of	of	ADP
ajird-1537	319	23	attracting	attract	VERB
ajird-1537	319	24	global	global	ADJ
ajird-1537	319	25	investment	investment	NOUN
ajird-1537	319	26	.	.	PUNCT
ajird-1537	320	1	6	6	X
ajird-1537	320	2	.	.	X
ajird-1537	320	3	challenges	challenge	NOUN
ajird-1537	320	4	and	and	CCONJ
ajird-1537	320	5	opportunities	opportunity	NOUN
ajird-1537	320	6	the	the	DET
ajird-1537	320	7	financial	financial	ADJ
ajird-1537	320	8	systems	system	NOUN
ajird-1537	320	9	of	of	ADP
ajird-1537	320	10	new	new	PROPN
ajird-1537	320	11	york	york	PROPN
ajird-1537	320	12	,	,	PUNCT
ajird-1537	320	13	london	london	PROPN
ajird-1537	320	14	,	,	PUNCT
ajird-1537	320	15	tokyo	tokyo	PROPN
ajird-1537	320	16	,	,	PUNCT
ajird-1537	320	17	and	and	CCONJ
ajird-1537	320	18	nigeria	nigeria	PROPN
ajird-1537	320	19	have	have	VERB
ajird-1537	320	20	several	several	ADJ
ajird-1537	320	21	obstacles	obstacle	NOUN
ajird-1537	320	22	that	that	PRON
ajird-1537	320	23	may	may	AUX
ajird-1537	320	24	impede	impede	VERB
ajird-1537	320	25	their	their	PRON
ajird-1537	320	26	growth	growth	NOUN
ajird-1537	320	27	and	and	CCONJ
ajird-1537	320	28	stability	stability	NOUN
ajird-1537	320	29	.	.	PUNCT
ajird-1537	321	1	each	each	DET
ajird-1537	321	2	system	system	NOUN
ajird-1537	321	3	also	also	ADV
ajird-1537	321	4	offers	offer	VERB
ajird-1537	321	5	possibilities	possibility	NOUN
ajird-1537	321	6	that	that	PRON
ajird-1537	321	7	may	may	AUX
ajird-1537	321	8	be	be	AUX
ajird-1537	321	9	utilised	utilise	VERB
ajird-1537	321	10	to	to	PART
ajird-1537	321	11	improve	improve	VERB
ajird-1537	321	12	financial	financial	ADJ
ajird-1537	321	13	market	market	NOUN
ajird-1537	321	14	performance	performance	NOUN
ajird-1537	321	15	,	,	PUNCT
ajird-1537	321	16	bolster	bolster	VERB
ajird-1537	321	17	economic	economic	ADJ
ajird-1537	321	18	resilience	resilience	NOUN
ajird-1537	321	19	,	,	PUNCT
ajird-1537	321	20	and	and	CCONJ
ajird-1537	321	21	promote	promote	VERB
ajird-1537	321	22	sustainable	sustainable	ADJ
ajird-1537	321	23	growth	growth	NOUN
ajird-1537	321	24	.	.	PUNCT
ajird-1537	322	1	this	this	DET
ajird-1537	322	2	section	section	NOUN
ajird-1537	322	3	examines	examine	VERB
ajird-1537	322	4	the	the	DET
ajird-1537	322	5	principal	principal	ADJ
ajird-1537	322	6	difficulties	difficulty	NOUN
ajird-1537	322	7	and	and	CCONJ
ajird-1537	322	8	prospects	prospect	NOUN
ajird-1537	322	9	for	for	ADP
ajird-1537	322	10	each	each	DET
ajird-1537	322	11	financial	financial	ADJ
ajird-1537	322	12	system	system	NOUN
ajird-1537	322	13	,	,	PUNCT
ajird-1537	322	14	offering	offer	VERB
ajird-1537	322	15	insights	insight	NOUN
ajird-1537	322	16	into	into	ADP
ajird-1537	322	17	their	their	PRON
ajird-1537	322	18	future	future	ADJ
ajird-1537	322	19	directions	direction	NOUN
ajird-1537	322	20	.	.	PUNCT
ajird-1537	323	1	6.1	6.1	NUM
ajird-1537	323	2	new	new	PROPN
ajird-1537	323	3	york	york	PROPN
ajird-1537	323	4	's	's	PART
ajird-1537	323	5	financial	financial	ADJ
ajird-1537	323	6	system	system	NOUN
ajird-1537	323	7	6.1.1	6.1.1	NUM
ajird-1537	323	8	challenges	challenge	NOUN
ajird-1537	323	9	confronting	confront	VERB
ajird-1537	323	10	new	new	PROPN
ajird-1537	323	11	york	york	PROPN
ajird-1537	323	12	's	's	PART
ajird-1537	323	13	financial	financial	ADJ
ajird-1537	323	14	system	system	NOUN
ajird-1537	323	15	as	as	ADP
ajird-1537	323	16	to	to	ADP
ajird-1537	323	17	the	the	DET
ajird-1537	323	18	new	new	PROPN
ajird-1537	323	19	york	york	PROPN
ajird-1537	323	20	stock	stock	PROPN
ajird-1537	323	21	exchange	exchange	PROPN
ajird-1537	323	22	(	(	PUNCT
ajird-1537	323	23	2023	2023	NUM
ajird-1537	323	24	)	)	PUNCT
ajird-1537	323	25	and	and	CCONJ
ajird-1537	323	26	financial	financial	ADJ
ajird-1537	323	27	times	time	NOUN
ajird-1537	323	28	(	(	PUNCT
ajird-1537	323	29	2023	2023	NUM
ajird-1537	323	30	)	)	PUNCT
ajird-1537	323	31	,	,	PUNCT
ajird-1537	323	32	new	new	PROPN
ajird-1537	323	33	york	york	PROPN
ajird-1537	323	34	's	's	PART
ajird-1537	323	35	financial	financial	ADJ
ajird-1537	323	36	system	system	NOUN
ajird-1537	323	37	,	,	PUNCT
ajird-1537	323	38	albeit	albeit	ADV
ajird-1537	323	39	resilient	resilient	ADJ
ajird-1537	323	40	,	,	PUNCT
ajird-1537	323	41	faces	face	VERB
ajird-1537	323	42	several	several	ADJ
ajird-1537	323	43	problems	problem	NOUN
ajird-1537	323	44	that	that	PRON
ajird-1537	323	45	jeopardise	jeopardise	VERB
ajird-1537	323	46	its	its	PRON
ajird-1537	323	47	dominance	dominance	NOUN
ajird-1537	323	48	in	in	ADP
ajird-1537	323	49	the	the	DET
ajird-1537	323	50	global	global	ADJ
ajird-1537	323	51	financial	financial	ADJ
ajird-1537	323	52	arena	arena	NOUN
ajird-1537	323	53	:	:	PUNCT
ajird-1537	323	54	american	american	PROPN
ajird-1537	323	55	journal	journal	PROPN
ajird-1537	323	56	of	of	ADP
ajird-1537	323	57	interdisciplinary	interdisciplinary	ADJ
ajird-1537	323	58	research	research	NOUN
ajird-1537	323	59	and	and	CCONJ
ajird-1537	323	60	development	development	NOUN
ajird-1537	323	61	issn	issn	PROPN
ajird-1537	323	62	online	online	NOUN
ajird-1537	323	63	:	:	PUNCT
ajird-1537	323	64	2771	2771	NUM
ajird-1537	323	65	-	-	SYM
ajird-1537	323	66	8948	8948	NUM
ajird-1537	323	67	website	website	NOUN
ajird-1537	323	68	:	:	PUNCT
ajird-1537	323	69	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	323	70	volume	volume	NOUN
ajird-1537	323	71	39	39	NUM
ajird-1537	323	72	,	,	PUNCT
ajird-1537	323	73	april	april	PROPN
ajird-1537	323	74	2025	2025	NUM
ajird-1537	323	75	79	79	NUM
ajird-1537	324	1	|	|	ADV
ajird-1537	324	2	p	p	X
ajird-1537	324	3	a	a	DET
ajird-1537	324	4	g	g	NOUN
ajird-1537	324	5	e	e	NOUN
ajird-1537	324	6	1	1	NUM
ajird-1537	324	7	.	.	PUNCT
ajird-1537	325	1	the	the	DET
ajird-1537	325	2	regulatory	regulatory	ADJ
ajird-1537	325	3	landscape	landscape	NOUN
ajird-1537	325	4	of	of	ADP
ajird-1537	325	5	new	new	PROPN
ajird-1537	325	6	york	york	PROPN
ajird-1537	325	7	is	be	AUX
ajird-1537	325	8	marked	mark	VERB
ajird-1537	325	9	by	by	ADP
ajird-1537	325	10	a	a	DET
ajird-1537	325	11	convoluted	convoluted	ADJ
ajird-1537	325	12	network	network	NOUN
ajird-1537	325	13	of	of	ADP
ajird-1537	325	14	federal	federal	ADJ
ajird-1537	325	15	and	and	CCONJ
ajird-1537	325	16	state	state	NOUN
ajird-1537	325	17	rules	rule	NOUN
ajird-1537	325	18	.	.	PUNCT
ajird-1537	326	1	although	although	SCONJ
ajird-1537	326	2	these	these	DET
ajird-1537	326	3	restrictions	restriction	NOUN
ajird-1537	326	4	are	be	AUX
ajird-1537	326	5	crucial	crucial	ADJ
ajird-1537	326	6	for	for	ADP
ajird-1537	326	7	preserving	preserve	VERB
ajird-1537	326	8	market	market	NOUN
ajird-1537	326	9	integrity	integrity	NOUN
ajird-1537	326	10	and	and	CCONJ
ajird-1537	326	11	safeguarding	safeguard	VERB
ajird-1537	326	12	investors	investor	NOUN
ajird-1537	326	13	,	,	PUNCT
ajird-1537	326	14	they	they	PRON
ajird-1537	326	15	may	may	AUX
ajird-1537	326	16	also	also	ADV
ajird-1537	326	17	entail	entail	VERB
ajird-1537	326	18	substantial	substantial	ADJ
ajird-1537	326	19	compliance	compliance	NOUN
ajird-1537	326	20	expenses	expense	NOUN
ajird-1537	326	21	for	for	ADP
ajird-1537	326	22	financial	financial	ADJ
ajird-1537	326	23	institutions	institution	NOUN
ajird-1537	326	24	.	.	PUNCT
ajird-1537	327	1	the	the	DET
ajird-1537	327	2	complexity	complexity	NOUN
ajird-1537	327	3	of	of	ADP
ajird-1537	327	4	laws	law	NOUN
ajird-1537	327	5	may	may	AUX
ajird-1537	327	6	dissuade	dissuade	VERB
ajird-1537	327	7	smaller	small	ADJ
ajird-1537	327	8	enterprises	enterprise	NOUN
ajird-1537	327	9	from	from	ADP
ajird-1537	327	10	joining	join	VERB
ajird-1537	327	11	the	the	DET
ajird-1537	327	12	market	market	NOUN
ajird-1537	327	13	,	,	PUNCT
ajird-1537	327	14	therefore	therefore	ADV
ajird-1537	327	15	diminishing	diminish	VERB
ajird-1537	327	16	competition	competition	NOUN
ajird-1537	327	17	and	and	CCONJ
ajird-1537	327	18	innovation	innovation	NOUN
ajird-1537	327	19	.	.	PUNCT
ajird-1537	328	1	2	2	X
ajird-1537	328	2	.	.	X
ajird-1537	328	3	market	market	NOUN
ajird-1537	328	4	volatility	volatility	NOUN
ajird-1537	328	5	:	:	PUNCT
ajird-1537	328	6	the	the	DET
ajird-1537	328	7	new	new	PROPN
ajird-1537	328	8	york	york	PROPN
ajird-1537	328	9	financial	financial	ADJ
ajird-1537	328	10	markets	market	NOUN
ajird-1537	328	11	are	be	AUX
ajird-1537	328	12	prone	prone	ADJ
ajird-1537	328	13	to	to	ADP
ajird-1537	328	14	volatility	volatility	NOUN
ajird-1537	328	15	influenced	influence	VERB
ajird-1537	328	16	by	by	ADP
ajird-1537	328	17	global	global	ADJ
ajird-1537	328	18	economic	economic	ADJ
ajird-1537	328	19	circumstances	circumstance	NOUN
ajird-1537	328	20	,	,	PUNCT
ajird-1537	328	21	geopolitical	geopolitical	ADJ
ajird-1537	328	22	conflicts	conflict	NOUN
ajird-1537	328	23	,	,	PUNCT
ajird-1537	328	24	and	and	CCONJ
ajird-1537	328	25	shifts	shift	NOUN
ajird-1537	328	26	in	in	ADP
ajird-1537	328	27	investor	investor	NOUN
ajird-1537	328	28	opinion	opinion	NOUN
ajird-1537	328	29	.	.	PUNCT
ajird-1537	329	1	the	the	DET
ajird-1537	329	2	covid-19	covid-19	PROPN
ajird-1537	329	3	pandemic	pandemic	NOUN
ajird-1537	329	4	illustrated	illustrate	VERB
ajird-1537	329	5	the	the	DET
ajird-1537	329	6	rapidity	rapidity	NOUN
ajird-1537	329	7	with	with	ADP
ajird-1537	329	8	which	which	PRON
ajird-1537	329	9	markets	market	NOUN
ajird-1537	329	10	may	may	AUX
ajird-1537	329	11	respond	respond	VERB
ajird-1537	329	12	to	to	ADP
ajird-1537	329	13	unexpected	unexpected	ADJ
ajird-1537	329	14	events	event	NOUN
ajird-1537	329	15	,	,	PUNCT
ajird-1537	329	16	leading	lead	VERB
ajird-1537	329	17	to	to	ADP
ajird-1537	329	18	considerable	considerable	ADJ
ajird-1537	329	19	volatility	volatility	NOUN
ajird-1537	329	20	.	.	PUNCT
ajird-1537	330	1	although	although	SCONJ
ajird-1537	330	2	volatility	volatility	NOUN
ajird-1537	330	3	may	may	AUX
ajird-1537	330	4	provide	provide	VERB
ajird-1537	330	5	prospects	prospect	NOUN
ajird-1537	330	6	for	for	ADP
ajird-1537	330	7	traders	trader	NOUN
ajird-1537	330	8	,	,	PUNCT
ajird-1537	330	9	it	it	PRON
ajird-1537	330	10	presents	present	VERB
ajird-1537	330	11	hazards	hazard	NOUN
ajird-1537	330	12	for	for	ADP
ajird-1537	330	13	long	long	ADJ
ajird-1537	330	14	-	-	PUNCT
ajird-1537	330	15	term	term	NOUN
ajird-1537	330	16	investors	investor	NOUN
ajird-1537	330	17	and	and	CCONJ
ajird-1537	330	18	can	can	AUX
ajird-1537	330	19	result	result	VERB
ajird-1537	330	20	in	in	ADP
ajird-1537	330	21	economic	economic	ADJ
ajird-1537	330	22	instability	instability	NOUN
ajird-1537	330	23	.	.	PUNCT
ajird-1537	331	1	3	3	X
ajird-1537	331	2	.	.	X
ajird-1537	331	3	technology	technology	NOUN
ajird-1537	331	4	disruption	disruption	NOUN
ajird-1537	331	5	:	:	PUNCT
ajird-1537	331	6	the	the	DET
ajird-1537	331	7	fast	fast	ADJ
ajird-1537	331	8	progression	progression	NOUN
ajird-1537	331	9	of	of	ADP
ajird-1537	331	10	technology	technology	NOUN
ajird-1537	331	11	innovation	innovation	NOUN
ajird-1537	331	12	,	,	PUNCT
ajird-1537	331	13	especially	especially	ADV
ajird-1537	331	14	in	in	ADP
ajird-1537	331	15	fintech	fintech	NOUN
ajird-1537	331	16	,	,	PUNCT
ajird-1537	331	17	presents	present	VERB
ajird-1537	331	18	both	both	CCONJ
ajird-1537	331	19	a	a	DET
ajird-1537	331	20	risk	risk	NOUN
ajird-1537	331	21	and	and	CCONJ
ajird-1537	331	22	an	an	DET
ajird-1537	331	23	opportunity	opportunity	NOUN
ajird-1537	331	24	for	for	ADP
ajird-1537	331	25	new	new	PROPN
ajird-1537	331	26	york	york	PROPN
ajird-1537	331	27	's	's	PART
ajird-1537	331	28	financial	financial	ADJ
ajird-1537	331	29	system	system	NOUN
ajird-1537	331	30	.	.	PUNCT
ajird-1537	332	1	although	although	SCONJ
ajird-1537	332	2	technology	technology	NOUN
ajird-1537	332	3	can	can	AUX
ajird-1537	332	4	improve	improve	VERB
ajird-1537	332	5	efficiency	efficiency	NOUN
ajird-1537	332	6	and	and	CCONJ
ajird-1537	332	7	accessibility	accessibility	NOUN
ajird-1537	332	8	,	,	PUNCT
ajird-1537	332	9	it	it	PRON
ajird-1537	332	10	also	also	ADV
ajird-1537	332	11	presents	present	VERB
ajird-1537	332	12	new	new	ADJ
ajird-1537	332	13	rivals	rival	NOUN
ajird-1537	332	14	that	that	PRON
ajird-1537	332	15	may	may	AUX
ajird-1537	332	16	challenge	challenge	VERB
ajird-1537	332	17	conventional	conventional	ADJ
ajird-1537	332	18	financial	financial	ADJ
ajird-1537	332	19	institutions	institution	NOUN
ajird-1537	332	20	.	.	PUNCT
ajird-1537	333	1	established	establish	VERB
ajird-1537	333	2	banks	bank	NOUN
ajird-1537	333	3	must	must	AUX
ajird-1537	333	4	adjust	adjust	VERB
ajird-1537	333	5	to	to	ADP
ajird-1537	333	6	this	this	DET
ajird-1537	333	7	evolving	evolve	VERB
ajird-1537	333	8	environment	environment	NOUN
ajird-1537	333	9	by	by	ADP
ajird-1537	333	10	investing	invest	VERB
ajird-1537	333	11	in	in	ADP
ajird-1537	333	12	technology	technology	NOUN
ajird-1537	333	13	and	and	CCONJ
ajird-1537	333	14	creating	create	VERB
ajird-1537	333	15	creative	creative	ADJ
ajird-1537	333	16	solutions	solution	NOUN
ajird-1537	333	17	to	to	PART
ajird-1537	333	18	maintain	maintain	VERB
ajird-1537	333	19	market	market	NOUN
ajird-1537	333	20	share	share	NOUN
ajird-1537	333	21	.	.	PUNCT
ajird-1537	334	1	4	4	X
ajird-1537	334	2	.	.	X
ajird-1537	334	3	cybersecurity	cybersecurity	NOUN
ajird-1537	334	4	threats	threat	NOUN
ajird-1537	334	5	:	:	PUNCT
ajird-1537	334	6	the	the	DET
ajird-1537	334	7	reliance	reliance	NOUN
ajird-1537	334	8	of	of	ADP
ajird-1537	334	9	financial	financial	ADJ
ajird-1537	334	10	institutions	institution	NOUN
ajird-1537	334	11	on	on	ADP
ajird-1537	334	12	digital	digital	ADJ
ajird-1537	334	13	platforms	platform	NOUN
ajird-1537	334	14	has	have	AUX
ajird-1537	334	15	heightened	heighten	VERB
ajird-1537	334	16	the	the	DET
ajird-1537	334	17	danger	danger	NOUN
ajird-1537	334	18	of	of	ADP
ajird-1537	334	19	cyberattacks	cyberattack	NOUN
ajird-1537	334	20	.	.	PUNCT
ajird-1537	335	1	prominent	prominent	ADJ
ajird-1537	335	2	breaches	breach	NOUN
ajird-1537	335	3	can	can	AUX
ajird-1537	335	4	result	result	VERB
ajird-1537	335	5	in	in	ADP
ajird-1537	335	6	substantial	substantial	ADJ
ajird-1537	335	7	financial	financial	ADJ
ajird-1537	335	8	losses	loss	NOUN
ajird-1537	335	9	,	,	PUNCT
ajird-1537	335	10	regulatory	regulatory	ADJ
ajird-1537	335	11	sanctions	sanction	NOUN
ajird-1537	335	12	,	,	PUNCT
ajird-1537	335	13	and	and	CCONJ
ajird-1537	335	14	reputational	reputational	ADJ
ajird-1537	335	15	harm	harm	NOUN
ajird-1537	335	16	.	.	PUNCT
ajird-1537	336	1	implementing	implement	VERB
ajird-1537	336	2	stringent	stringent	ADJ
ajird-1537	336	3	cybersecurity	cybersecurity	NOUN
ajird-1537	336	4	protocols	protocol	NOUN
ajird-1537	336	5	is	be	AUX
ajird-1537	336	6	essential	essential	ADJ
ajird-1537	336	7	for	for	ADP
ajird-1537	336	8	sustaining	sustain	VERB
ajird-1537	336	9	investor	investor	NOUN
ajird-1537	336	10	trust	trust	NOUN
ajird-1537	336	11	and	and	CCONJ
ajird-1537	336	12	safeguarding	safeguard	VERB
ajird-1537	336	13	confidential	confidential	ADJ
ajird-1537	336	14	financial	financial	ADJ
ajird-1537	336	15	data	datum	NOUN
ajird-1537	336	16	.	.	PUNCT
ajird-1537	337	1	6.1.2	6.1.2	NUM
ajird-1537	337	2	prospects	prospect	NOUN
ajird-1537	337	3	within	within	ADP
ajird-1537	337	4	new	new	PROPN
ajird-1537	337	5	york	york	PROPN
ajird-1537	337	6	's	's	PART
ajird-1537	337	7	financial	financial	ADJ
ajird-1537	337	8	framework	framework	NOUN
ajird-1537	337	9	as	as	ADP
ajird-1537	337	10	per	per	ADP
ajird-1537	337	11	the	the	DET
ajird-1537	337	12	new	new	PROPN
ajird-1537	337	13	york	york	PROPN
ajird-1537	337	14	stock	stock	PROPN
ajird-1537	337	15	exchange	exchange	PROPN
ajird-1537	337	16	(	(	PUNCT
ajird-1537	337	17	2023	2023	NUM
ajird-1537	337	18	)	)	PUNCT
ajird-1537	337	19	and	and	CCONJ
ajird-1537	337	20	financial	financial	ADJ
ajird-1537	337	21	times	time	NOUN
ajird-1537	337	22	(	(	PUNCT
ajird-1537	337	23	2023	2023	NUM
ajird-1537	337	24	)	)	PUNCT
ajird-1537	337	25	,	,	PUNCT
ajird-1537	337	26	notwithstanding	notwithstanding	ADP
ajird-1537	337	27	these	these	DET
ajird-1537	337	28	obstacles	obstacle	NOUN
ajird-1537	337	29	,	,	PUNCT
ajird-1537	337	30	new	new	PROPN
ajird-1537	337	31	york	york	PROPN
ajird-1537	337	32	's	's	PART
ajird-1537	337	33	financial	financial	ADJ
ajird-1537	337	34	sector	sector	NOUN
ajird-1537	337	35	is	be	AUX
ajird-1537	337	36	strategically	strategically	ADV
ajird-1537	337	37	positioned	position	VERB
ajird-1537	337	38	to	to	PART
ajird-1537	337	39	leverage	leverage	VERB
ajird-1537	337	40	many	many	ADJ
ajird-1537	337	41	opportunities	opportunity	NOUN
ajird-1537	337	42	:	:	PUNCT
ajird-1537	338	1	1	1	X
ajird-1537	338	2	.	.	X
ajird-1537	338	3	the	the	DET
ajird-1537	338	4	emergence	emergence	NOUN
ajird-1537	338	5	of	of	ADP
ajird-1537	338	6	fintech	fintech	NOUN
ajird-1537	338	7	provides	provide	VERB
ajird-1537	338	8	conventional	conventional	ADJ
ajird-1537	338	9	financial	financial	ADJ
ajird-1537	338	10	institutions	institution	NOUN
ajird-1537	338	11	with	with	ADP
ajird-1537	338	12	the	the	DET
ajird-1537	338	13	potential	potential	NOUN
ajird-1537	338	14	to	to	PART
ajird-1537	338	15	innovate	innovate	VERB
ajird-1537	338	16	and	and	CCONJ
ajird-1537	338	17	improve	improve	VERB
ajird-1537	338	18	their	their	PRON
ajird-1537	338	19	service	service	NOUN
ajird-1537	338	20	offerings	offering	NOUN
ajird-1537	338	21	.	.	PUNCT
ajird-1537	339	1	collaborations	collaboration	NOUN
ajird-1537	339	2	between	between	ADP
ajird-1537	339	3	traditional	traditional	ADJ
ajird-1537	339	4	banks	bank	NOUN
ajird-1537	339	5	and	and	CCONJ
ajird-1537	339	6	fintech	fintech	NOUN
ajird-1537	339	7	companies	company	NOUN
ajird-1537	339	8	can	can	AUX
ajird-1537	339	9	result	result	VERB
ajird-1537	339	10	in	in	ADP
ajird-1537	339	11	the	the	DET
ajird-1537	339	12	creation	creation	NOUN
ajird-1537	339	13	of	of	ADP
ajird-1537	339	14	innovative	innovative	ADJ
ajird-1537	339	15	goods	good	NOUN
ajird-1537	339	16	and	and	CCONJ
ajird-1537	339	17	services	service	NOUN
ajird-1537	339	18	that	that	PRON
ajird-1537	339	19	address	address	VERB
ajird-1537	339	20	the	the	DET
ajird-1537	339	21	changing	change	VERB
ajird-1537	339	22	requirements	requirement	NOUN
ajird-1537	339	23	of	of	ADP
ajird-1537	339	24	customers	customer	NOUN
ajird-1537	339	25	,	,	PUNCT
ajird-1537	339	26	including	include	VERB
ajird-1537	339	27	customised	customise	VERB
ajird-1537	339	28	financial	financial	ADJ
ajird-1537	339	29	planning	planning	NOUN
ajird-1537	339	30	tools	tool	NOUN
ajird-1537	339	31	and	and	CCONJ
ajird-1537	339	32	digital	digital	ADJ
ajird-1537	339	33	payment	payment	NOUN
ajird-1537	339	34	solutions	solution	NOUN
ajird-1537	339	35	.	.	PUNCT
ajird-1537	340	1	2	2	X
ajird-1537	340	2	.	.	X
ajird-1537	340	3	worldwide	worldwide	PROPN
ajird-1537	340	4	capital	capital	PROPN
ajird-1537	340	5	flows	flow	VERB
ajird-1537	340	6	:	:	PUNCT
ajird-1537	340	7	new	new	PROPN
ajird-1537	340	8	york	york	PROPN
ajird-1537	340	9	's	's	PART
ajird-1537	340	10	position	position	NOUN
ajird-1537	340	11	as	as	ADP
ajird-1537	340	12	a	a	DET
ajird-1537	340	13	premier	premier	ADJ
ajird-1537	340	14	financial	financial	ADJ
ajird-1537	340	15	hub	hub	NOUN
ajird-1537	340	16	draws	draw	VERB
ajird-1537	340	17	significant	significant	ADJ
ajird-1537	340	18	capital	capital	NOUN
ajird-1537	340	19	investments	investment	NOUN
ajird-1537	340	20	from	from	ADP
ajird-1537	340	21	worldwide	worldwide	ADJ
ajird-1537	340	22	investors	investor	NOUN
ajird-1537	340	23	.	.	PUNCT
ajird-1537	341	1	the	the	DET
ajird-1537	341	2	city	city	NOUN
ajird-1537	341	3	can	can	AUX
ajird-1537	341	4	utilise	utilise	VERB
ajird-1537	341	5	its	its	PRON
ajird-1537	341	6	reputation	reputation	NOUN
ajird-1537	341	7	and	and	CCONJ
ajird-1537	341	8	vast	vast	ADJ
ajird-1537	341	9	network	network	NOUN
ajird-1537	341	10	of	of	ADP
ajird-1537	341	11	financial	financial	ADJ
ajird-1537	341	12	institutions	institution	NOUN
ajird-1537	341	13	to	to	PART
ajird-1537	341	14	enable	enable	VERB
ajird-1537	341	15	cross	cross	ADJ
ajird-1537	341	16	-	-	ADJ
ajird-1537	341	17	border	border	ADJ
ajird-1537	341	18	investments	investment	NOUN
ajird-1537	341	19	,	,	PUNCT
ajird-1537	341	20	promoting	promote	VERB
ajird-1537	341	21	economic	economic	ADJ
ajird-1537	341	22	growth	growth	NOUN
ajird-1537	341	23	and	and	CCONJ
ajird-1537	341	24	generating	generate	VERB
ajird-1537	341	25	new	new	ADJ
ajird-1537	341	26	chances	chance	NOUN
ajird-1537	341	27	for	for	ADP
ajird-1537	341	28	local	local	ADJ
ajird-1537	341	29	enterprises	enterprise	NOUN
ajird-1537	341	30	.	.	PUNCT
ajird-1537	342	1	american	american	ADJ
ajird-1537	342	2	journal	journal	PROPN
ajird-1537	342	3	of	of	ADP
ajird-1537	342	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	342	5	research	research	NOUN
ajird-1537	342	6	and	and	CCONJ
ajird-1537	342	7	development	development	NOUN
ajird-1537	342	8	issn	issn	PROPN
ajird-1537	342	9	online	online	NOUN
ajird-1537	342	10	:	:	PUNCT
ajird-1537	342	11	2771	2771	NUM
ajird-1537	342	12	-	-	SYM
ajird-1537	342	13	8948	8948	NUM
ajird-1537	342	14	website	website	NOUN
ajird-1537	342	15	:	:	PUNCT
ajird-1537	342	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	342	17	volume	volume	NOUN
ajird-1537	342	18	39	39	NUM
ajird-1537	342	19	,	,	PUNCT
ajird-1537	342	20	april	april	PROPN
ajird-1537	342	21	2025	2025	NUM
ajird-1537	342	22	80	80	NUM
ajird-1537	343	1	|	|	ADV
ajird-1537	343	2	p	p	NOUN
ajird-1537	343	3	a	a	DET
ajird-1537	343	4	g	g	NOUN
ajird-1537	343	5	e	e	NOUN
ajird-1537	343	6	3	3	NUM
ajird-1537	343	7	.	.	PUNCT
ajird-1537	343	8	sustainable	sustainable	ADJ
ajird-1537	343	9	finance	finance	NOUN
ajird-1537	343	10	:	:	PUNCT
ajird-1537	343	11	the	the	DET
ajird-1537	343	12	need	need	NOUN
ajird-1537	343	13	for	for	ADP
ajird-1537	343	14	sustainable	sustainable	ADJ
ajird-1537	343	15	investment	investment	NOUN
ajird-1537	343	16	alternatives	alternative	NOUN
ajird-1537	343	17	is	be	AUX
ajird-1537	343	18	rising	rise	VERB
ajird-1537	343	19	as	as	SCONJ
ajird-1537	343	20	investors	investor	NOUN
ajird-1537	343	21	increasingly	increasingly	ADV
ajird-1537	343	22	emphasise	emphasise	VERB
ajird-1537	343	23	environmental	environmental	ADJ
ajird-1537	343	24	,	,	PUNCT
ajird-1537	343	25	social	social	ADJ
ajird-1537	343	26	,	,	PUNCT
ajird-1537	343	27	and	and	CCONJ
ajird-1537	343	28	governance	governance	NOUN
ajird-1537	343	29	(	(	PUNCT
ajird-1537	343	30	esg	esg	NOUN
ajird-1537	343	31	)	)	PUNCT
ajird-1537	343	32	factors	factor	NOUN
ajird-1537	343	33	.	.	PUNCT
ajird-1537	344	1	financial	financial	ADJ
ajird-1537	344	2	institutions	institution	NOUN
ajird-1537	344	3	in	in	ADP
ajird-1537	344	4	new	new	PROPN
ajird-1537	344	5	york	york	PROPN
ajird-1537	344	6	may	may	AUX
ajird-1537	344	7	leverage	leverage	VERB
ajird-1537	344	8	this	this	DET
ajird-1537	344	9	trend	trend	NOUN
ajird-1537	344	10	by	by	ADP
ajird-1537	344	11	creating	create	VERB
ajird-1537	344	12	green	green	ADJ
ajird-1537	344	13	bonds	bond	NOUN
ajird-1537	344	14	and	and	CCONJ
ajird-1537	344	15	other	other	ADJ
ajird-1537	344	16	sustainable	sustainable	ADJ
ajird-1537	344	17	financial	financial	ADJ
ajird-1537	344	18	instruments	instrument	NOUN
ajird-1537	344	19	that	that	PRON
ajird-1537	344	20	appeal	appeal	VERB
ajird-1537	344	21	to	to	ADP
ajird-1537	344	22	environmentally	environmentally	ADV
ajird-1537	344	23	conscientious	conscientious	ADJ
ajird-1537	344	24	investors	investor	NOUN
ajird-1537	344	25	.	.	PUNCT
ajird-1537	345	1	4	4	X
ajird-1537	345	2	.	.	X
ajird-1537	345	3	new	new	PROPN
ajird-1537	345	4	york	york	PROPN
ajird-1537	345	5	possesses	possess	VERB
ajird-1537	345	6	a	a	DET
ajird-1537	345	7	varied	varied	ADJ
ajird-1537	345	8	and	and	CCONJ
ajird-1537	345	9	highly	highly	ADV
ajird-1537	345	10	proficient	proficient	ADJ
ajird-1537	345	11	workforce	workforce	NOUN
ajird-1537	345	12	,	,	PUNCT
ajird-1537	345	13	providing	provide	VERB
ajird-1537	345	14	financial	financial	ADJ
ajird-1537	345	15	companies	company	NOUN
ajird-1537	345	16	access	access	VERB
ajird-1537	345	17	to	to	ADP
ajird-1537	345	18	a	a	DET
ajird-1537	345	19	talent	talent	NOUN
ajird-1537	345	20	pool	pool	NOUN
ajird-1537	345	21	that	that	PRON
ajird-1537	345	22	fosters	foster	VERB
ajird-1537	345	23	innovation	innovation	NOUN
ajird-1537	345	24	and	and	CCONJ
ajird-1537	345	25	creativity	creativity	NOUN
ajird-1537	345	26	.	.	PUNCT
ajird-1537	346	1	investing	invest	VERB
ajird-1537	346	2	in	in	ADP
ajird-1537	346	3	people	people	NOUN
ajird-1537	346	4	development	development	NOUN
ajird-1537	346	5	and	and	CCONJ
ajird-1537	346	6	cultivating	cultivate	VERB
ajird-1537	346	7	an	an	DET
ajird-1537	346	8	inclusive	inclusive	ADJ
ajird-1537	346	9	workplace	workplace	NOUN
ajird-1537	346	10	enables	enable	VERB
ajird-1537	346	11	organisations	organisation	NOUN
ajird-1537	346	12	to	to	PART
ajird-1537	346	13	strengthen	strengthen	VERB
ajird-1537	346	14	their	their	PRON
ajird-1537	346	15	competitive	competitive	ADJ
ajird-1537	346	16	edge	edge	NOUN
ajird-1537	346	17	in	in	ADP
ajird-1537	346	18	a	a	DET
ajird-1537	346	19	swiftly	swiftly	ADV
ajird-1537	346	20	changing	change	VERB
ajird-1537	346	21	financial	financial	ADJ
ajird-1537	346	22	environment	environment	NOUN
ajird-1537	346	23	.	.	PUNCT
ajird-1537	347	1	6.2	6.2	NUM
ajird-1537	347	2	london	london	PROPN
ajird-1537	347	3	’s	’s	PART
ajird-1537	347	4	financial	financial	ADJ
ajird-1537	347	5	system	system	NOUN
ajird-1537	347	6	6.2.1	6.2.1	NOUN
ajird-1537	347	7	challenges	challenge	VERB
ajird-1537	347	8	confronting	confront	VERB
ajird-1537	347	9	london	london	PROPN
ajird-1537	347	10	’s	’s	PART
ajird-1537	347	11	financial	financial	ADJ
ajird-1537	347	12	system	system	NOUN
ajird-1537	347	13	as	as	ADP
ajird-1537	347	14	per	per	ADP
ajird-1537	347	15	the	the	DET
ajird-1537	347	16	financial	financial	ADJ
ajird-1537	347	17	conduct	conduct	NOUN
ajird-1537	347	18	authority	authority	NOUN
ajird-1537	347	19	(	(	PUNCT
ajird-1537	347	20	2023	2023	NUM
ajird-1537	347	21	)	)	PUNCT
ajird-1537	347	22	,	,	PUNCT
ajird-1537	347	23	bank	bank	PROPN
ajird-1537	347	24	of	of	ADP
ajird-1537	347	25	england	england	PROPN
ajird-1537	347	26	(	(	PUNCT
ajird-1537	347	27	2023	2023	NUM
ajird-1537	347	28	)	)	PUNCT
ajird-1537	347	29	,	,	PUNCT
ajird-1537	347	30	and	and	CCONJ
ajird-1537	347	31	london	london	PROPN
ajird-1537	347	32	stock	stock	PROPN
ajird-1537	347	33	exchange	exchange	PROPN
ajird-1537	347	34	group	group	NOUN
ajird-1537	347	35	(	(	PUNCT
ajird-1537	347	36	2023	2023	NUM
ajird-1537	347	37	)	)	PUNCT
ajird-1537	347	38	,	,	PUNCT
ajird-1537	347	39	london	london	PROPN
ajird-1537	347	40	's	's	PART
ajird-1537	347	41	financial	financial	ADJ
ajird-1537	347	42	sector	sector	NOUN
ajird-1537	347	43	faces	face	VERB
ajird-1537	347	44	several	several	ADJ
ajird-1537	347	45	problems	problem	NOUN
ajird-1537	347	46	that	that	PRON
ajird-1537	347	47	might	might	AUX
ajird-1537	347	48	affect	affect	VERB
ajird-1537	347	49	its	its	PRON
ajird-1537	347	50	worldwide	worldwide	ADJ
ajird-1537	347	51	prominence	prominence	NOUN
ajird-1537	347	52	:	:	PUNCT
ajird-1537	347	53	1	1	X
ajird-1537	347	54	.	.	X
ajird-1537	347	55	brexit	brexit	NOUN
ajird-1537	347	56	uncertainty	uncertainty	NOUN
ajird-1537	347	57	:	:	PUNCT
ajird-1537	347	58	the	the	DET
ajird-1537	347	59	choice	choice	NOUN
ajird-1537	347	60	to	to	PART
ajird-1537	347	61	depart	depart	VERB
ajird-1537	347	62	the	the	DET
ajird-1537	347	63	european	european	PROPN
ajird-1537	347	64	union	union	PROPN
ajird-1537	347	65	has	have	AUX
ajird-1537	347	66	generated	generate	VERB
ajird-1537	347	67	considerable	considerable	ADJ
ajird-1537	347	68	uncertainty	uncertainty	NOUN
ajird-1537	347	69	for	for	ADP
ajird-1537	347	70	london	london	PROPN
ajird-1537	347	71	's	's	PART
ajird-1537	347	72	financial	financial	ADJ
ajird-1537	347	73	markets	market	NOUN
ajird-1537	347	74	.	.	PUNCT
ajird-1537	348	1	divergence	divergence	NOUN
ajird-1537	348	2	from	from	ADP
ajird-1537	348	3	eu	eu	PROPN
ajird-1537	348	4	regulations	regulation	NOUN
ajird-1537	348	5	may	may	AUX
ajird-1537	348	6	impede	impede	VERB
ajird-1537	348	7	access	access	NOUN
ajird-1537	348	8	to	to	ADP
ajird-1537	348	9	european	european	ADJ
ajird-1537	348	10	markets	market	NOUN
ajird-1537	348	11	for	for	ADP
ajird-1537	348	12	financial	financial	ADJ
ajird-1537	348	13	enterprises	enterprise	NOUN
ajird-1537	348	14	domiciled	domicile	VERB
ajird-1537	348	15	in	in	ADP
ajird-1537	348	16	london	london	PROPN
ajird-1537	348	17	,	,	PUNCT
ajird-1537	348	18	thereby	thereby	ADV
ajird-1537	348	19	affecting	affect	VERB
ajird-1537	348	20	their	their	PRON
ajird-1537	348	21	competitiveness	competitiveness	NOUN
ajird-1537	348	22	.	.	PUNCT
ajird-1537	349	1	the	the	DET
ajird-1537	349	2	possible	possible	ADJ
ajird-1537	349	3	forfeiture	forfeiture	NOUN
ajird-1537	349	4	of	of	ADP
ajird-1537	349	5	"	"	PUNCT
ajird-1537	349	6	passporting	passporte	VERB
ajird-1537	349	7	"	"	PUNCT
ajird-1537	349	8	privileges	privilege	NOUN
ajird-1537	349	9	,	,	PUNCT
ajird-1537	349	10	which	which	PRON
ajird-1537	349	11	enable	enable	VERB
ajird-1537	349	12	corporations	corporation	NOUN
ajird-1537	349	13	to	to	PART
ajird-1537	349	14	function	function	VERB
ajird-1537	349	15	between	between	ADP
ajird-1537	349	16	eu	eu	PROPN
ajird-1537	349	17	member	member	PROPN
ajird-1537	349	18	states	state	NOUN
ajird-1537	349	19	,	,	PUNCT
ajird-1537	349	20	generates	generate	VERB
ajird-1537	349	21	apprehensions	apprehension	NOUN
ajird-1537	349	22	regarding	regard	VERB
ajird-1537	349	23	the	the	DET
ajird-1537	349	24	enduring	endure	VERB
ajird-1537	349	25	sustainability	sustainability	NOUN
ajird-1537	349	26	of	of	ADP
ajird-1537	349	27	london	london	PROPN
ajird-1537	349	28	as	as	ADP
ajird-1537	349	29	a	a	DET
ajird-1537	349	30	financial	financial	ADJ
ajird-1537	349	31	centre	centre	NOUN
ajird-1537	349	32	.	.	PUNCT
ajird-1537	350	1	2	2	X
ajird-1537	350	2	.	.	X
ajird-1537	350	3	global	global	ADJ
ajird-1537	350	4	rivalry	rivalry	NOUN
ajird-1537	350	5	:	:	PUNCT
ajird-1537	350	6	london	london	PROPN
ajird-1537	350	7	encounters	encounter	VERB
ajird-1537	350	8	escalating	escalate	VERB
ajird-1537	350	9	rivalry	rivalry	NOUN
ajird-1537	350	10	from	from	ADP
ajird-1537	350	11	burgeoning	burgeon	VERB
ajird-1537	350	12	financial	financial	ADJ
ajird-1537	350	13	hubs	hub	NOUN
ajird-1537	350	14	,	,	PUNCT
ajird-1537	350	15	notably	notably	ADV
ajird-1537	350	16	in	in	ADP
ajird-1537	350	17	asia	asia	PROPN
ajird-1537	350	18	,	,	PUNCT
ajird-1537	350	19	including	include	VERB
ajird-1537	350	20	singapore	singapore	PROPN
ajird-1537	350	21	and	and	CCONJ
ajird-1537	350	22	hong	hong	PROPN
ajird-1537	350	23	kong	kong	PROPN
ajird-1537	350	24	.	.	PUNCT
ajird-1537	351	1	these	these	DET
ajird-1537	351	2	cities	city	NOUN
ajird-1537	351	3	have	have	AUX
ajird-1537	351	4	significantly	significantly	ADV
ajird-1537	351	5	invested	invest	VERB
ajird-1537	351	6	in	in	ADP
ajird-1537	351	7	enhancing	enhance	VERB
ajird-1537	351	8	their	their	PRON
ajird-1537	351	9	financial	financial	ADJ
ajird-1537	351	10	markets	market	NOUN
ajird-1537	351	11	and	and	CCONJ
ajird-1537	351	12	recruiting	recruit	VERB
ajird-1537	351	13	global	global	ADJ
ajird-1537	351	14	talent	talent	NOUN
ajird-1537	351	15	,	,	PUNCT
ajird-1537	351	16	therefore	therefore	ADV
ajird-1537	351	17	challenging	challenge	VERB
ajird-1537	351	18	london	london	PROPN
ajird-1537	351	19	’s	’s	PART
ajird-1537	351	20	status	status	NOUN
ajird-1537	351	21	as	as	ADP
ajird-1537	351	22	the	the	DET
ajird-1537	351	23	preeminent	preeminent	ADJ
ajird-1537	351	24	global	global	ADJ
ajird-1537	351	25	financial	financial	ADJ
ajird-1537	351	26	centre	centre	NOUN
ajird-1537	351	27	.	.	PUNCT
ajird-1537	352	1	3	3	X
ajird-1537	352	2	.	.	X
ajird-1537	352	3	economic	economic	ADJ
ajird-1537	352	4	disparities	disparity	NOUN
ajird-1537	352	5	:	:	PUNCT
ajird-1537	352	6	the	the	DET
ajird-1537	352	7	concentration	concentration	NOUN
ajird-1537	352	8	of	of	ADP
ajird-1537	352	9	london	london	PROPN
ajird-1537	352	10	’s	’s	PART
ajird-1537	352	11	financial	financial	ADJ
ajird-1537	352	12	sector	sector	NOUN
ajird-1537	352	13	in	in	ADP
ajird-1537	352	14	the	the	DET
ajird-1537	352	15	city	city	NOUN
ajird-1537	352	16	of	of	ADP
ajird-1537	352	17	london	london	PROPN
ajird-1537	352	18	may	may	AUX
ajird-1537	352	19	intensify	intensify	VERB
ajird-1537	352	20	economic	economic	ADJ
ajird-1537	352	21	inequalities	inequality	NOUN
ajird-1537	352	22	throughout	throughout	ADP
ajird-1537	352	23	the	the	DET
ajird-1537	352	24	uk	uk	PROPN
ajird-1537	352	25	.	.	PROPN
ajird-1537	352	26	areas	area	NOUN
ajird-1537	352	27	beyond	beyond	ADP
ajird-1537	352	28	london	london	PROPN
ajird-1537	352	29	frequently	frequently	ADV
ajird-1537	352	30	encounter	encounter	VERB
ajird-1537	352	31	restricted	restrict	VERB
ajird-1537	352	32	access	access	NOUN
ajird-1537	352	33	to	to	ADP
ajird-1537	352	34	financial	financial	ADJ
ajird-1537	352	35	services	service	NOUN
ajird-1537	352	36	and	and	CCONJ
ajird-1537	352	37	investment	investment	NOUN
ajird-1537	352	38	prospects	prospect	NOUN
ajird-1537	352	39	.	.	PUNCT
ajird-1537	353	1	the	the	DET
ajird-1537	353	2	disproportionate	disproportionate	ADJ
ajird-1537	353	3	allocation	allocation	NOUN
ajird-1537	353	4	of	of	ADP
ajird-1537	353	5	resources	resource	NOUN
ajird-1537	353	6	might	might	AUX
ajird-1537	353	7	impede	impede	VERB
ajird-1537	353	8	economic	economic	ADJ
ajird-1537	353	9	growth	growth	NOUN
ajird-1537	353	10	and	and	CCONJ
ajird-1537	353	11	development	development	NOUN
ajird-1537	353	12	nationwide	nationwide	ADJ
ajird-1537	353	13	.	.	PUNCT
ajird-1537	354	1	4	4	X
ajird-1537	354	2	.	.	X
ajird-1537	354	3	the	the	DET
ajird-1537	354	4	regulatory	regulatory	ADJ
ajird-1537	354	5	landscape	landscape	NOUN
ajird-1537	354	6	in	in	ADP
ajird-1537	354	7	london	london	PROPN
ajird-1537	354	8	is	be	AUX
ajird-1537	354	9	complex	complex	ADJ
ajird-1537	354	10	,	,	PUNCT
ajird-1537	354	11	characterised	characterise	VERB
ajird-1537	354	12	by	by	ADP
ajird-1537	354	13	continual	continual	ADJ
ajird-1537	354	14	modifications	modification	NOUN
ajird-1537	354	15	due	due	ADP
ajird-1537	354	16	to	to	AUX
ajird-1537	354	17	brexit	brexit	VERB
ajird-1537	354	18	and	and	CCONJ
ajird-1537	354	19	shifting	shift	VERB
ajird-1537	354	20	market	market	NOUN
ajird-1537	354	21	dynamics	dynamic	NOUN
ajird-1537	354	22	.	.	PUNCT
ajird-1537	355	1	financial	financial	ADJ
ajird-1537	355	2	firms	firm	NOUN
ajird-1537	355	3	must	must	AUX
ajird-1537	355	4	traverse	traverse	VERB
ajird-1537	355	5	this	this	DET
ajird-1537	355	6	environment	environment	NOUN
ajird-1537	355	7	,	,	PUNCT
ajird-1537	355	8	which	which	PRON
ajird-1537	355	9	may	may	AUX
ajird-1537	355	10	engender	engender	VERB
ajird-1537	355	11	uncertainty	uncertainty	NOUN
ajird-1537	355	12	and	and	CCONJ
ajird-1537	355	13	hinder	hinder	VERB
ajird-1537	355	14	strategic	strategic	ADJ
ajird-1537	355	15	planning	planning	NOUN
ajird-1537	355	16	.	.	PUNCT
ajird-1537	356	1	american	american	ADJ
ajird-1537	356	2	journal	journal	PROPN
ajird-1537	356	3	of	of	ADP
ajird-1537	356	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	356	5	research	research	NOUN
ajird-1537	356	6	and	and	CCONJ
ajird-1537	356	7	development	development	NOUN
ajird-1537	356	8	issn	issn	PROPN
ajird-1537	356	9	online	online	NOUN
ajird-1537	356	10	:	:	PUNCT
ajird-1537	356	11	2771	2771	NUM
ajird-1537	356	12	-	-	SYM
ajird-1537	356	13	8948	8948	NUM
ajird-1537	356	14	website	website	NOUN
ajird-1537	356	15	:	:	PUNCT
ajird-1537	356	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	356	17	volume	volume	NOUN
ajird-1537	356	18	39	39	NUM
ajird-1537	356	19	,	,	PUNCT
ajird-1537	356	20	april	april	PROPN
ajird-1537	356	21	2025	2025	NUM
ajird-1537	356	22	81	81	NUM
ajird-1537	357	1	|	|	ADV
ajird-1537	357	2	p	p	ADP
ajird-1537	357	3	a	a	DET
ajird-1537	357	4	g	g	NOUN
ajird-1537	357	5	e	e	NOUN
ajird-1537	357	6	6.2.2	6.2.2	NUM
ajird-1537	357	7	prospects	prospect	NOUN
ajird-1537	357	8	within	within	ADP
ajird-1537	357	9	london	london	PROPN
ajird-1537	357	10	’s	’s	PART
ajird-1537	357	11	financial	financial	ADJ
ajird-1537	357	12	system	system	NOUN
ajird-1537	357	13	the	the	DET
ajird-1537	357	14	financial	financial	ADJ
ajird-1537	357	15	conduct	conduct	NOUN
ajird-1537	357	16	authority	authority	NOUN
ajird-1537	357	17	(	(	PUNCT
ajird-1537	357	18	2023	2023	NUM
ajird-1537	357	19	)	)	PUNCT
ajird-1537	357	20	,	,	PUNCT
ajird-1537	357	21	bank	bank	PROPN
ajird-1537	357	22	of	of	ADP
ajird-1537	357	23	england	england	PROPN
ajird-1537	357	24	(	(	PUNCT
ajird-1537	357	25	2023	2023	NUM
ajird-1537	357	26	)	)	PUNCT
ajird-1537	357	27	,	,	PUNCT
ajird-1537	357	28	and	and	CCONJ
ajird-1537	357	29	london	london	PROPN
ajird-1537	357	30	stock	stock	PROPN
ajird-1537	357	31	exchange	exchange	PROPN
ajird-1537	357	32	group	group	NOUN
ajird-1537	357	33	(	(	PUNCT
ajird-1537	357	34	2023	2023	NUM
ajird-1537	357	35	)	)	PUNCT
ajird-1537	357	36	indicate	indicate	VERB
ajird-1537	357	37	that	that	SCONJ
ajird-1537	357	38	london	london	PROPN
ajird-1537	357	39	's	's	PART
ajird-1537	357	40	financial	financial	ADJ
ajird-1537	357	41	system	system	NOUN
ajird-1537	357	42	has	have	VERB
ajird-1537	357	43	considerable	considerable	ADJ
ajird-1537	357	44	prospects	prospect	NOUN
ajird-1537	357	45	for	for	ADP
ajird-1537	357	46	expansion	expansion	NOUN
ajird-1537	357	47	and	and	CCONJ
ajird-1537	357	48	innovation	innovation	NOUN
ajird-1537	357	49	.	.	PUNCT
ajird-1537	358	1	1	1	X
ajird-1537	358	2	.	.	X
ajird-1537	358	3	the	the	DET
ajird-1537	358	4	fintech	fintech	NOUN
ajird-1537	358	5	ecosystem	ecosystem	NOUN
ajird-1537	358	6	in	in	ADP
ajird-1537	358	7	london	london	PROPN
ajird-1537	358	8	has	have	AUX
ajird-1537	358	9	developed	develop	VERB
ajird-1537	358	10	into	into	ADP
ajird-1537	358	11	a	a	DET
ajird-1537	358	12	prominent	prominent	ADJ
ajird-1537	358	13	worldwide	worldwide	ADJ
ajird-1537	358	14	hub	hub	NOUN
ajird-1537	358	15	,	,	PUNCT
ajird-1537	358	16	drawing	draw	VERB
ajird-1537	358	17	a	a	DET
ajird-1537	358	18	multitude	multitude	NOUN
ajird-1537	358	19	of	of	ADP
ajird-1537	358	20	entrepreneurs	entrepreneur	NOUN
ajird-1537	358	21	and	and	CCONJ
ajird-1537	358	22	investors	investor	NOUN
ajird-1537	358	23	.	.	PUNCT
ajird-1537	359	1	the	the	DET
ajird-1537	359	2	city	city	NOUN
ajird-1537	359	3	's	's	PART
ajird-1537	359	4	dynamic	dynamic	ADJ
ajird-1537	359	5	fintech	fintech	NOUN
ajird-1537	359	6	environment	environment	NOUN
ajird-1537	359	7	fosters	foster	VERB
ajird-1537	359	8	collaboration	collaboration	NOUN
ajird-1537	359	9	between	between	ADP
ajird-1537	359	10	conventional	conventional	ADJ
ajird-1537	359	11	financial	financial	ADJ
ajird-1537	359	12	institutions	institution	NOUN
ajird-1537	359	13	and	and	CCONJ
ajird-1537	359	14	creative	creative	ADJ
ajird-1537	359	15	technology	technology	NOUN
ajird-1537	359	16	companies	company	NOUN
ajird-1537	359	17	,	,	PUNCT
ajird-1537	359	18	resulting	result	VERB
ajird-1537	359	19	in	in	ADP
ajird-1537	359	20	the	the	DET
ajird-1537	359	21	creation	creation	NOUN
ajird-1537	359	22	of	of	ADP
ajird-1537	359	23	advanced	advanced	ADJ
ajird-1537	359	24	financial	financial	ADJ
ajird-1537	359	25	products	product	NOUN
ajird-1537	359	26	and	and	CCONJ
ajird-1537	359	27	services	service	NOUN
ajird-1537	359	28	.	.	PUNCT
ajird-1537	360	1	2	2	X
ajird-1537	360	2	.	.	X
ajird-1537	360	3	the	the	DET
ajird-1537	360	4	financial	financial	ADJ
ajird-1537	360	5	system	system	NOUN
ajird-1537	360	6	in	in	ADP
ajird-1537	360	7	london	london	PROPN
ajird-1537	360	8	is	be	AUX
ajird-1537	360	9	distinguished	distinguish	VERB
ajird-1537	360	10	by	by	ADP
ajird-1537	360	11	a	a	DET
ajird-1537	360	12	diverse	diverse	ADJ
ajird-1537	360	13	array	array	NOUN
ajird-1537	360	14	of	of	ADP
ajird-1537	360	15	financial	financial	ADJ
ajird-1537	360	16	services	service	NOUN
ajird-1537	360	17	,	,	PUNCT
ajird-1537	360	18	encompassing	encompass	VERB
ajird-1537	360	19	banking	banking	NOUN
ajird-1537	360	20	,	,	PUNCT
ajird-1537	360	21	insurance	insurance	NOUN
ajird-1537	360	22	,	,	PUNCT
ajird-1537	360	23	asset	asset	NOUN
ajird-1537	360	24	management	management	NOUN
ajird-1537	360	25	,	,	PUNCT
ajird-1537	360	26	and	and	CCONJ
ajird-1537	360	27	foreign	foreign	ADJ
ajird-1537	360	28	currency	currency	NOUN
ajird-1537	360	29	trading	trading	NOUN
ajird-1537	360	30	.	.	PUNCT
ajird-1537	361	1	this	this	DET
ajird-1537	361	2	versatility	versatility	NOUN
ajird-1537	361	3	allows	allow	VERB
ajird-1537	361	4	london	london	PROPN
ajird-1537	361	5	to	to	PART
ajird-1537	361	6	meet	meet	VERB
ajird-1537	361	7	diverse	diverse	ADJ
ajird-1537	361	8	customer	customer	NOUN
ajird-1537	361	9	requirements	requirement	NOUN
ajird-1537	361	10	and	and	CCONJ
ajird-1537	361	11	adjust	adjust	VERB
ajird-1537	361	12	to	to	ADP
ajird-1537	361	13	evolving	evolve	VERB
ajird-1537	361	14	market	market	NOUN
ajird-1537	361	15	situations	situation	NOUN
ajird-1537	361	16	.	.	PUNCT
ajird-1537	362	1	3	3	X
ajird-1537	362	2	.	.	X
ajird-1537	362	3	international	international	ADJ
ajird-1537	362	4	commerce	commerce	PROPN
ajird-1537	362	5	and	and	CCONJ
ajird-1537	362	6	investment	investment	NOUN
ajird-1537	362	7	:	:	PUNCT
ajird-1537	362	8	london	london	PROPN
ajird-1537	362	9	's	's	PART
ajird-1537	362	10	advantageous	advantageous	ADJ
ajird-1537	362	11	position	position	NOUN
ajird-1537	362	12	and	and	CCONJ
ajird-1537	362	13	established	establish	VERB
ajird-1537	362	14	networks	network	NOUN
ajird-1537	362	15	promote	promote	VERB
ajird-1537	362	16	international	international	ADJ
ajird-1537	362	17	commerce	commerce	NOUN
ajird-1537	362	18	and	and	CCONJ
ajird-1537	362	19	investment	investment	NOUN
ajird-1537	362	20	.	.	PUNCT
ajird-1537	363	1	the	the	DET
ajird-1537	363	2	city	city	NOUN
ajird-1537	363	3	can	can	AUX
ajird-1537	363	4	utilise	utilise	VERB
ajird-1537	363	5	its	its	PRON
ajird-1537	363	6	status	status	NOUN
ajird-1537	363	7	as	as	ADP
ajird-1537	363	8	a	a	DET
ajird-1537	363	9	worldwide	worldwide	ADJ
ajird-1537	363	10	financial	financial	ADJ
ajird-1537	363	11	hub	hub	NOUN
ajird-1537	363	12	to	to	PART
ajird-1537	363	13	attract	attract	VERB
ajird-1537	363	14	foreign	foreign	ADJ
ajird-1537	363	15	investment	investment	NOUN
ajird-1537	363	16	,	,	PUNCT
ajird-1537	363	17	thereby	thereby	ADV
ajird-1537	363	18	stimulating	stimulate	VERB
ajird-1537	363	19	economic	economic	ADJ
ajird-1537	363	20	growth	growth	NOUN
ajird-1537	363	21	and	and	CCONJ
ajird-1537	363	22	generating	generate	VERB
ajird-1537	363	23	employment	employment	NOUN
ajird-1537	363	24	possibilities	possibility	NOUN
ajird-1537	363	25	.	.	PUNCT
ajird-1537	364	1	4	4	X
ajird-1537	364	2	.	.	X
ajird-1537	364	3	sustainable	sustainable	ADJ
ajird-1537	364	4	finance	finance	NOUN
ajird-1537	364	5	initiatives	initiative	NOUN
ajird-1537	364	6	:	:	PUNCT
ajird-1537	364	7	the	the	DET
ajird-1537	364	8	growing	grow	VERB
ajird-1537	364	9	emphasis	emphasis	NOUN
ajird-1537	364	10	on	on	ADP
ajird-1537	364	11	sustainability	sustainability	NOUN
ajird-1537	364	12	offers	offer	VERB
ajird-1537	364	13	london	london	PROPN
ajird-1537	364	14	’s	’s	PART
ajird-1537	364	15	financial	financial	ADJ
ajird-1537	364	16	institutions	institution	NOUN
ajird-1537	364	17	the	the	DET
ajird-1537	364	18	chance	chance	NOUN
ajird-1537	364	19	to	to	PART
ajird-1537	364	20	spearhead	spearhead	VERB
ajird-1537	364	21	the	the	DET
ajird-1537	364	22	advancement	advancement	NOUN
ajird-1537	364	23	of	of	ADP
ajird-1537	364	24	green	green	ADJ
ajird-1537	364	25	finance	finance	NOUN
ajird-1537	364	26	and	and	CCONJ
ajird-1537	364	27	environmental	environmental	ADJ
ajird-1537	364	28	,	,	PUNCT
ajird-1537	364	29	social	social	ADJ
ajird-1537	364	30	and	and	CCONJ
ajird-1537	364	31	governance	governance	NOUN
ajird-1537	364	32	-	-	PUNCT
ajird-1537	364	33	oriented	orient	VERB
ajird-1537	364	34	investment	investment	NOUN
ajird-1537	364	35	products	product	NOUN
ajird-1537	364	36	.	.	PUNCT
ajird-1537	365	1	by	by	ADP
ajird-1537	365	2	emphasising	emphasise	VERB
ajird-1537	365	3	sustainability	sustainability	NOUN
ajird-1537	365	4	,	,	PUNCT
ajird-1537	365	5	companies	company	NOUN
ajird-1537	365	6	may	may	AUX
ajird-1537	365	7	satisfy	satisfy	VERB
ajird-1537	365	8	investor	investor	NOUN
ajird-1537	365	9	expectations	expectation	NOUN
ajird-1537	365	10	while	while	SCONJ
ajird-1537	365	11	aiding	aid	VERB
ajird-1537	365	12	global	global	ADJ
ajird-1537	365	13	initiatives	initiative	NOUN
ajird-1537	365	14	to	to	PART
ajird-1537	365	15	combat	combat	VERB
ajird-1537	365	16	climate	climate	NOUN
ajird-1537	365	17	change	change	NOUN
ajird-1537	365	18	.	.	PUNCT
ajird-1537	366	1	6.3	6.3	NUM
ajird-1537	366	2	tokyo	tokyo	PROPN
ajird-1537	366	3	’s	’s	PART
ajird-1537	366	4	financial	financial	ADJ
ajird-1537	366	5	system	system	NOUN
ajird-1537	366	6	6.3.1	6.3.1	NUM
ajird-1537	366	7	challenges	challenge	NOUN
ajird-1537	366	8	confronting	confront	VERB
ajird-1537	366	9	tokyo	tokyo	PROPN
ajird-1537	366	10	’s	’s	PART
ajird-1537	366	11	financial	financial	ADJ
ajird-1537	366	12	system	system	NOUN
ajird-1537	366	13	as	as	ADP
ajird-1537	366	14	per	per	ADP
ajird-1537	366	15	the	the	DET
ajird-1537	366	16	financial	financial	PROPN
ajird-1537	366	17	services	service	NOUN
ajird-1537	366	18	agency	agency	NOUN
ajird-1537	366	19	(	(	PUNCT
ajird-1537	366	20	2023	2023	NUM
ajird-1537	366	21	)	)	PUNCT
ajird-1537	366	22	,	,	PUNCT
ajird-1537	366	23	tokyo	tokyo	PROPN
ajird-1537	366	24	stock	stock	NOUN
ajird-1537	366	25	exchange	exchange	NOUN
ajird-1537	366	26	(	(	PUNCT
ajird-1537	366	27	2023	2023	NUM
ajird-1537	366	28	)	)	PUNCT
ajird-1537	366	29	,	,	PUNCT
ajird-1537	366	30	and	and	CCONJ
ajird-1537	366	31	oecd	oecd	PROPN
ajird-1537	366	32	(	(	PUNCT
ajird-1537	366	33	2023	2023	NUM
ajird-1537	366	34	)	)	PUNCT
ajird-1537	366	35	,	,	PUNCT
ajird-1537	366	36	tokyo	tokyo	PROPN
ajird-1537	366	37	's	's	PART
ajird-1537	366	38	financial	financial	ADJ
ajird-1537	366	39	system	system	NOUN
ajird-1537	366	40	encounters	encounter	VERB
ajird-1537	366	41	certain	certain	ADJ
ajird-1537	366	42	problems	problem	NOUN
ajird-1537	366	43	that	that	PRON
ajird-1537	366	44	may	may	AUX
ajird-1537	366	45	affect	affect	VERB
ajird-1537	366	46	its	its	PRON
ajird-1537	366	47	growth	growth	NOUN
ajird-1537	366	48	trajectory	trajectory	NOUN
ajird-1537	366	49	:	:	PUNCT
ajird-1537	366	50	1	1	X
ajird-1537	366	51	.	.	X
ajird-1537	366	52	demographic	demographic	ADJ
ajird-1537	366	53	decline	decline	NOUN
ajird-1537	366	54	:	:	PUNCT
ajird-1537	366	55	japan	japan	PROPN
ajird-1537	366	56	's	's	PART
ajird-1537	366	57	ageing	age	VERB
ajird-1537	366	58	populace	populace	NOUN
ajird-1537	366	59	and	and	CCONJ
ajird-1537	366	60	decreasing	decrease	VERB
ajird-1537	366	61	birth	birth	NOUN
ajird-1537	366	62	rate	rate	NOUN
ajird-1537	366	63	are	be	AUX
ajird-1537	366	64	substantial	substantial	ADJ
ajird-1537	366	65	obstacles	obstacle	NOUN
ajird-1537	366	66	to	to	ADP
ajird-1537	366	67	economic	economic	ADJ
ajird-1537	366	68	expansion	expansion	NOUN
ajird-1537	366	69	.	.	PUNCT
ajird-1537	367	1	a	a	DET
ajird-1537	367	2	diminishing	diminish	VERB
ajird-1537	367	3	workforce	workforce	NOUN
ajird-1537	367	4	may	may	AUX
ajird-1537	367	5	result	result	VERB
ajird-1537	367	6	in	in	ADP
ajird-1537	367	7	decreased	decrease	VERB
ajird-1537	367	8	consumer	consumer	NOUN
ajird-1537	367	9	expenditure	expenditure	NOUN
ajird-1537	367	10	,	,	PUNCT
ajird-1537	367	11	affecting	affect	VERB
ajird-1537	367	12	company	company	NOUN
ajird-1537	367	13	profits	profit	NOUN
ajird-1537	367	14	and	and	CCONJ
ajird-1537	367	15	financial	financial	ADJ
ajird-1537	367	16	market	market	NOUN
ajird-1537	367	17	outcomes	outcome	NOUN
ajird-1537	367	18	.	.	PUNCT
ajird-1537	368	1	2	2	X
ajird-1537	368	2	.	.	X
ajird-1537	368	3	the	the	DET
ajird-1537	368	4	bank	bank	PROPN
ajird-1537	368	5	of	of	ADP
ajird-1537	368	6	japan	japan	PROPN
ajird-1537	368	7	's	's	PART
ajird-1537	368	8	sustained	sustained	ADJ
ajird-1537	368	9	low	low	ADJ
ajird-1537	368	10	-	-	PUNCT
ajird-1537	368	11	interest	interest	NOUN
ajird-1537	368	12	-	-	PUNCT
ajird-1537	368	13	rate	rate	NOUN
ajird-1537	368	14	policy	policy	NOUN
ajird-1537	368	15	has	have	AUX
ajird-1537	368	16	posed	pose	VERB
ajird-1537	368	17	problems	problem	NOUN
ajird-1537	368	18	for	for	ADP
ajird-1537	368	19	financial	financial	ADJ
ajird-1537	368	20	institutions	institution	NOUN
ajird-1537	368	21	by	by	ADP
ajird-1537	368	22	compressing	compress	VERB
ajird-1537	368	23	banks	bank	NOUN
ajird-1537	368	24	'	'	PART
ajird-1537	368	25	profit	profit	NOUN
ajird-1537	368	26	margins	margin	NOUN
ajird-1537	368	27	and	and	CCONJ
ajird-1537	368	28	limiting	limit	VERB
ajird-1537	368	29	the	the	DET
ajird-1537	368	30	efficacy	efficacy	NOUN
ajird-1537	368	31	of	of	ADP
ajird-1537	368	32	conventional	conventional	ADJ
ajird-1537	368	33	monetary	monetary	ADJ
ajird-1537	368	34	policy	policy	NOUN
ajird-1537	368	35	instruments	instrument	NOUN
ajird-1537	368	36	.	.	PUNCT
ajird-1537	369	1	this	this	DET
ajird-1537	369	2	climate	climate	NOUN
ajird-1537	369	3	may	may	AUX
ajird-1537	369	4	impede	impede	VERB
ajird-1537	369	5	banks	bank	NOUN
ajird-1537	369	6	'	'	PART
ajird-1537	369	7	capacity	capacity	NOUN
ajird-1537	369	8	to	to	PART
ajird-1537	369	9	lend	lend	VERB
ajird-1537	369	10	and	and	CCONJ
ajird-1537	369	11	make	make	VERB
ajird-1537	369	12	profits	profit	NOUN
ajird-1537	369	13	,	,	PUNCT
ajird-1537	369	14	adversely	adversely	ADV
ajird-1537	369	15	affecting	affect	VERB
ajird-1537	369	16	the	the	DET
ajird-1537	369	17	overall	overall	ADJ
ajird-1537	369	18	stability	stability	NOUN
ajird-1537	369	19	of	of	ADP
ajird-1537	369	20	the	the	DET
ajird-1537	369	21	financial	financial	ADJ
ajird-1537	369	22	system	system	NOUN
ajird-1537	369	23	.	.	PUNCT
ajird-1537	370	1	3	3	X
ajird-1537	370	2	.	.	X
ajird-1537	370	3	cultural	cultural	ADJ
ajird-1537	370	4	barriers	barrier	NOUN
ajird-1537	370	5	:	:	PUNCT
ajird-1537	370	6	conventional	conventional	ADJ
ajird-1537	370	7	corporate	corporate	ADJ
ajird-1537	370	8	procedures	procedure	NOUN
ajird-1537	370	9	and	and	CCONJ
ajird-1537	370	10	risk	risk	NOUN
ajird-1537	370	11	-	-	PUNCT
ajird-1537	370	12	averse	averse	ADJ
ajird-1537	370	13	mindsets	mindset	NOUN
ajird-1537	370	14	in	in	ADP
ajird-1537	370	15	japan	japan	PROPN
ajird-1537	370	16	may	may	AUX
ajird-1537	370	17	obstruct	obstruct	VERB
ajird-1537	370	18	innovation	innovation	NOUN
ajird-1537	370	19	and	and	CCONJ
ajird-1537	370	20	entrepreneurship	entrepreneurship	NOUN
ajird-1537	370	21	.	.	PUNCT
ajird-1537	371	1	financial	financial	ADJ
ajird-1537	371	2	institutions	institution	NOUN
ajird-1537	371	3	may	may	AUX
ajird-1537	371	4	exhibit	exhibit	VERB
ajird-1537	371	5	sluggishness	sluggishness	NOUN
ajird-1537	371	6	in	in	ADP
ajird-1537	371	7	embracing	embrace	VERB
ajird-1537	371	8	new	new	ADJ
ajird-1537	371	9	technology	technology	NOUN
ajird-1537	371	10	and	and	CCONJ
ajird-1537	371	11	adjusting	adjust	VERB
ajird-1537	371	12	to	to	ADP
ajird-1537	371	13	evolving	evolve	VERB
ajird-1537	371	14	market	market	NOUN
ajird-1537	371	15	needs	need	NOUN
ajird-1537	371	16	,	,	PUNCT
ajird-1537	371	17	which	which	PRON
ajird-1537	371	18	might	might	AUX
ajird-1537	371	19	constrain	constrain	VERB
ajird-1537	371	20	their	their	PRON
ajird-1537	371	21	competitiveness	competitiveness	NOUN
ajird-1537	371	22	internationally	internationally	ADV
ajird-1537	371	23	.	.	PUNCT
ajird-1537	372	1	american	american	PROPN
ajird-1537	372	2	journal	journal	PROPN
ajird-1537	372	3	of	of	ADP
ajird-1537	372	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	372	5	research	research	NOUN
ajird-1537	372	6	and	and	CCONJ
ajird-1537	372	7	development	development	NOUN
ajird-1537	372	8	issn	issn	PROPN
ajird-1537	372	9	online	online	NOUN
ajird-1537	372	10	:	:	PUNCT
ajird-1537	372	11	2771	2771	NUM
ajird-1537	372	12	-	-	SYM
ajird-1537	372	13	8948	8948	NUM
ajird-1537	372	14	website	website	NOUN
ajird-1537	372	15	:	:	PUNCT
ajird-1537	372	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	372	17	volume	volume	NOUN
ajird-1537	372	18	39	39	NUM
ajird-1537	372	19	,	,	PUNCT
ajird-1537	372	20	april	april	PROPN
ajird-1537	372	21	2025	2025	NUM
ajird-1537	372	22	82	82	NUM
ajird-1537	373	1	|	|	ADV
ajird-1537	373	2	p	p	NOUN
ajird-1537	373	3	a	a	DET
ajird-1537	373	4	g	g	NOUN
ajird-1537	373	5	e	e	NOUN
ajird-1537	373	6	4	4	NUM
ajird-1537	373	7	.	.	PUNCT
ajird-1537	374	1	the	the	DET
ajird-1537	374	2	regulatory	regulatory	ADJ
ajird-1537	374	3	system	system	NOUN
ajird-1537	374	4	in	in	ADP
ajird-1537	374	5	japan	japan	PROPN
ajird-1537	374	6	is	be	AUX
ajird-1537	374	7	intended	intend	VERB
ajird-1537	374	8	to	to	PART
ajird-1537	374	9	provide	provide	VERB
ajird-1537	374	10	stability	stability	NOUN
ajird-1537	374	11	.	.	PUNCT
ajird-1537	375	1	nevertheless	nevertheless	ADV
ajird-1537	375	2	,	,	PUNCT
ajird-1537	375	3	it	it	PRON
ajird-1537	375	4	may	may	AUX
ajird-1537	375	5	also	also	ADV
ajird-1537	375	6	be	be	AUX
ajird-1537	375	7	inflexible	inflexible	ADJ
ajird-1537	375	8	and	and	CCONJ
ajird-1537	375	9	sluggish	sluggish	ADJ
ajird-1537	375	10	in	in	ADP
ajird-1537	375	11	responding	respond	VERB
ajird-1537	375	12	to	to	ADP
ajird-1537	375	13	evolving	evolve	VERB
ajird-1537	375	14	market	market	NOUN
ajird-1537	375	15	conditions	condition	NOUN
ajird-1537	375	16	.	.	PUNCT
ajird-1537	376	1	this	this	DET
ajird-1537	376	2	rigidity	rigidity	NOUN
ajird-1537	376	3	may	may	AUX
ajird-1537	376	4	hinder	hinder	VERB
ajird-1537	376	5	the	the	DET
ajird-1537	376	6	development	development	NOUN
ajird-1537	376	7	of	of	ADP
ajird-1537	376	8	innovative	innovative	ADJ
ajird-1537	376	9	financial	financial	ADJ
ajird-1537	376	10	products	product	NOUN
ajird-1537	376	11	and	and	CCONJ
ajird-1537	376	12	services	service	NOUN
ajird-1537	376	13	.	.	PUNCT
ajird-1537	377	1	6.3.2	6.3.2	NUM
ajird-1537	377	2	prospects	prospect	NOUN
ajird-1537	377	3	within	within	ADP
ajird-1537	377	4	tokyo	tokyo	PROPN
ajird-1537	377	5	's	's	PART
ajird-1537	377	6	financial	financial	ADJ
ajird-1537	377	7	framework	framework	NOUN
ajird-1537	377	8	according	accord	VERB
ajird-1537	377	9	to	to	ADP
ajird-1537	377	10	the	the	DET
ajird-1537	377	11	financial	financial	ADJ
ajird-1537	377	12	services	service	NOUN
ajird-1537	377	13	agency	agency	NOUN
ajird-1537	377	14	(	(	PUNCT
ajird-1537	377	15	2023	2023	NUM
ajird-1537	377	16	)	)	PUNCT
ajird-1537	377	17	,	,	PUNCT
ajird-1537	377	18	tokyo	tokyo	PROPN
ajird-1537	377	19	stock	stock	NOUN
ajird-1537	377	20	exchange	exchange	NOUN
ajird-1537	377	21	(	(	PUNCT
ajird-1537	377	22	2023	2023	NUM
ajird-1537	377	23	)	)	PUNCT
ajird-1537	377	24	,	,	PUNCT
ajird-1537	377	25	and	and	CCONJ
ajird-1537	377	26	oecd	oecd	PROPN
ajird-1537	377	27	(	(	PUNCT
ajird-1537	377	28	2023	2023	NUM
ajird-1537	377	29	)	)	PUNCT
ajird-1537	377	30	,	,	PUNCT
ajird-1537	377	31	notwithstanding	notwithstanding	ADP
ajird-1537	377	32	these	these	DET
ajird-1537	377	33	obstacles	obstacle	NOUN
ajird-1537	377	34	,	,	PUNCT
ajird-1537	377	35	tokyo	tokyo	PROPN
ajird-1537	377	36	's	's	PART
ajird-1537	377	37	financial	financial	ADJ
ajird-1537	377	38	system	system	NOUN
ajird-1537	377	39	offers	offer	VERB
ajird-1537	377	40	many	many	ADJ
ajird-1537	377	41	prospects	prospect	NOUN
ajird-1537	377	42	for	for	ADP
ajird-1537	377	43	expansion	expansion	NOUN
ajird-1537	377	44	and	and	CCONJ
ajird-1537	377	45	advancement	advancement	NOUN
ajird-1537	377	46	:	:	PUNCT
ajird-1537	377	47	1	1	X
ajird-1537	377	48	.	.	PUNCT
ajird-1537	377	49	technology	technology	NOUN
ajird-1537	377	50	innovations	innovation	NOUN
ajird-1537	377	51	:	:	PUNCT
ajird-1537	377	52	japan	japan	PROPN
ajird-1537	377	53	is	be	AUX
ajird-1537	377	54	known	know	VERB
ajird-1537	377	55	for	for	ADP
ajird-1537	377	56	its	its	PRON
ajird-1537	377	57	technology	technology	NOUN
ajird-1537	377	58	breakthroughs	breakthrough	NOUN
ajird-1537	377	59	,	,	PUNCT
ajird-1537	377	60	and	and	CCONJ
ajird-1537	377	61	the	the	DET
ajird-1537	377	62	financial	financial	ADJ
ajird-1537	377	63	industry	industry	NOUN
ajird-1537	377	64	may	may	AUX
ajird-1537	377	65	leverage	leverage	VERB
ajird-1537	377	66	innovations	innovation	NOUN
ajird-1537	377	67	in	in	ADP
ajird-1537	377	68	artificial	artificial	ADJ
ajird-1537	377	69	intelligence	intelligence	NOUN
ajird-1537	377	70	,	,	PUNCT
ajird-1537	377	71	blockchain	blockchain	NOUN
ajird-1537	377	72	,	,	PUNCT
ajird-1537	377	73	and	and	CCONJ
ajird-1537	377	74	big	big	ADJ
ajird-1537	377	75	data	datum	NOUN
ajird-1537	377	76	to	to	PART
ajird-1537	377	77	enhance	enhance	VERB
ajird-1537	377	78	services	service	NOUN
ajird-1537	377	79	and	and	CCONJ
ajird-1537	377	80	optimise	optimise	ADJ
ajird-1537	377	81	operating	operating	NOUN
ajird-1537	377	82	efficiency	efficiency	NOUN
ajird-1537	377	83	.	.	PUNCT
ajird-1537	378	1	by	by	ADP
ajird-1537	378	2	embracing	embrace	VERB
ajird-1537	378	3	these	these	DET
ajird-1537	378	4	technologies	technology	NOUN
ajird-1537	378	5	,	,	PUNCT
ajird-1537	378	6	tokyo	tokyo	PROPN
ajird-1537	378	7	can	can	AUX
ajird-1537	378	8	enhance	enhance	VERB
ajird-1537	378	9	its	its	PRON
ajird-1537	378	10	competitive	competitive	ADJ
ajird-1537	378	11	standing	standing	NOUN
ajird-1537	378	12	in	in	ADP
ajird-1537	378	13	the	the	DET
ajird-1537	378	14	global	global	ADJ
ajird-1537	378	15	financial	financial	ADJ
ajird-1537	378	16	arena	arena	NOUN
ajird-1537	378	17	.	.	PUNCT
ajird-1537	379	1	2	2	X
ajird-1537	379	2	.	.	X
ajird-1537	379	3	enhancing	enhance	VERB
ajird-1537	379	4	global	global	ADJ
ajird-1537	379	5	influence	influence	NOUN
ajird-1537	379	6	:	:	PUNCT
ajird-1537	379	7	with	with	ADP
ajird-1537	379	8	asia	asia	PROPN
ajird-1537	379	9	's	's	PART
ajird-1537	379	10	economic	economic	ADJ
ajird-1537	379	11	expansion	expansion	NOUN
ajird-1537	379	12	,	,	PUNCT
ajird-1537	379	13	tokyo	tokyo	PROPN
ajird-1537	379	14	has	have	VERB
ajird-1537	379	15	the	the	DET
ajird-1537	379	16	potential	potential	NOUN
ajird-1537	379	17	to	to	PART
ajird-1537	379	18	reinforce	reinforce	VERB
ajird-1537	379	19	its	its	PRON
ajird-1537	379	20	position	position	NOUN
ajird-1537	379	21	as	as	ADP
ajird-1537	379	22	a	a	DET
ajird-1537	379	23	financial	financial	ADJ
ajird-1537	379	24	hub	hub	NOUN
ajird-1537	379	25	in	in	ADP
ajird-1537	379	26	the	the	DET
ajird-1537	379	27	area	area	NOUN
ajird-1537	379	28	.	.	PUNCT
ajird-1537	380	1	partnerships	partnership	NOUN
ajird-1537	380	2	with	with	ADP
ajird-1537	380	3	other	other	ADJ
ajird-1537	380	4	asian	asian	ADJ
ajird-1537	380	5	financial	financial	ADJ
ajird-1537	380	6	markets	market	NOUN
ajird-1537	380	7	can	can	AUX
ajird-1537	380	8	augment	augment	VERB
ajird-1537	380	9	tokyo	tokyo	PROPN
ajird-1537	380	10	's	's	PART
ajird-1537	380	11	international	international	ADJ
ajird-1537	380	12	presence	presence	NOUN
ajird-1537	380	13	and	and	CCONJ
ajird-1537	380	14	draw	draw	VERB
ajird-1537	380	15	foreign	foreign	ADJ
ajird-1537	380	16	investment	investment	NOUN
ajird-1537	380	17	.	.	PUNCT
ajird-1537	381	1	3	3	X
ajird-1537	381	2	.	.	X
ajird-1537	381	3	the	the	DET
ajird-1537	381	4	japanese	japanese	ADJ
ajird-1537	381	5	government	government	NOUN
ajird-1537	381	6	has	have	AUX
ajird-1537	381	7	implemented	implement	VERB
ajird-1537	381	8	corporate	corporate	ADJ
ajird-1537	381	9	governance	governance	NOUN
ajird-1537	381	10	changes	change	NOUN
ajird-1537	381	11	to	to	PART
ajird-1537	381	12	enhance	enhance	VERB
ajird-1537	381	13	openness	openness	NOUN
ajird-1537	381	14	and	and	CCONJ
ajird-1537	381	15	accountability	accountability	NOUN
ajird-1537	381	16	in	in	ADP
ajird-1537	381	17	corporations	corporation	NOUN
ajird-1537	381	18	.	.	PUNCT
ajird-1537	382	1	these	these	DET
ajird-1537	382	2	changes	change	NOUN
ajird-1537	382	3	can	can	AUX
ajird-1537	382	4	bolster	bolster	VERB
ajird-1537	382	5	investor	investor	NOUN
ajird-1537	382	6	confidence	confidence	NOUN
ajird-1537	382	7	and	and	CCONJ
ajird-1537	382	8	encourage	encourage	VERB
ajird-1537	382	9	international	international	ADJ
ajird-1537	382	10	investment	investment	NOUN
ajird-1537	382	11	,	,	PUNCT
ajird-1537	382	12	promoting	promote	VERB
ajird-1537	382	13	growth	growth	NOUN
ajird-1537	382	14	in	in	ADP
ajird-1537	382	15	the	the	DET
ajird-1537	382	16	financial	financial	ADJ
ajird-1537	382	17	industry	industry	NOUN
ajird-1537	382	18	.	.	PUNCT
ajird-1537	383	1	4	4	X
ajird-1537	383	2	.	.	X
ajird-1537	383	3	financial	financial	ADJ
ajird-1537	383	4	inclusion	inclusion	NOUN
ajird-1537	383	5	initiatives	initiative	NOUN
ajird-1537	383	6	:	:	PUNCT
ajird-1537	383	7	japan	japan	PROPN
ajird-1537	383	8	is	be	AUX
ajird-1537	383	9	increasingly	increasingly	ADV
ajird-1537	383	10	prioritising	prioritise	VERB
ajird-1537	383	11	financial	financial	ADJ
ajird-1537	383	12	inclusion	inclusion	NOUN
ajird-1537	383	13	,	,	PUNCT
ajird-1537	383	14	especially	especially	ADV
ajird-1537	383	15	for	for	ADP
ajird-1537	383	16	marginalised	marginalise	VERB
ajird-1537	383	17	communities	community	NOUN
ajird-1537	383	18	.	.	PUNCT
ajird-1537	384	1	by	by	ADP
ajird-1537	384	2	creating	create	VERB
ajird-1537	384	3	customised	customised	ADJ
ajird-1537	384	4	financial	financial	ADJ
ajird-1537	384	5	goods	good	NOUN
ajird-1537	384	6	and	and	CCONJ
ajird-1537	384	7	services	service	NOUN
ajird-1537	384	8	,	,	PUNCT
ajird-1537	384	9	financial	financial	ADJ
ajird-1537	384	10	institutions	institution	NOUN
ajird-1537	384	11	may	may	AUX
ajird-1537	384	12	access	access	VERB
ajird-1537	384	13	new	new	ADJ
ajird-1537	384	14	market	market	NOUN
ajird-1537	384	15	niches	niche	NOUN
ajird-1537	384	16	and	and	CCONJ
ajird-1537	384	17	improve	improve	VERB
ajird-1537	384	18	overall	overall	ADJ
ajird-1537	384	19	market	market	NOUN
ajird-1537	384	20	engagement	engagement	NOUN
ajird-1537	384	21	.	.	PUNCT
ajird-1537	385	1	6.4	6.4	NUM
ajird-1537	385	2	nigeria	nigeria	PROPN
ajird-1537	385	3	’s	’s	PART
ajird-1537	385	4	financial	financial	ADJ
ajird-1537	385	5	system	system	NOUN
ajird-1537	385	6	6.4.1	6.4.1	NUM
ajird-1537	385	7	challenges	challenge	NOUN
ajird-1537	385	8	confronting	confront	VERB
ajird-1537	385	9	nigeria	nigeria	PROPN
ajird-1537	385	10	’s	’s	PART
ajird-1537	385	11	financial	financial	ADJ
ajird-1537	385	12	system	system	NOUN
ajird-1537	385	13	the	the	DET
ajird-1537	385	14	central	central	ADJ
ajird-1537	385	15	bank	bank	PROPN
ajird-1537	385	16	of	of	ADP
ajird-1537	385	17	nigeria	nigeria	PROPN
ajird-1537	385	18	(	(	PUNCT
ajird-1537	385	19	2022	2022	NUM
ajird-1537	385	20	)	)	PUNCT
ajird-1537	385	21	identifies	identify	VERB
ajird-1537	385	22	several	several	ADJ
ajird-1537	385	23	difficulties	difficulty	NOUN
ajird-1537	385	24	within	within	ADP
ajird-1537	385	25	nigeria	nigeria	PROPN
ajird-1537	385	26	's	's	PART
ajird-1537	385	27	financial	financial	ADJ
ajird-1537	385	28	system	system	NOUN
ajird-1537	385	29	that	that	PRON
ajird-1537	385	30	impede	impede	VERB
ajird-1537	385	31	its	its	PRON
ajird-1537	385	32	potential	potential	NOUN
ajird-1537	385	33	.	.	PUNCT
ajird-1537	386	1	they	they	PRON
ajird-1537	386	2	include	include	VERB
ajird-1537	386	3	:	:	PUNCT
ajird-1537	386	4	1	1	X
ajird-1537	386	5	.	.	X
ajird-1537	386	6	nigeria	nigeria	PROPN
ajird-1537	386	7	's	's	PART
ajird-1537	386	8	economy	economy	NOUN
ajird-1537	386	9	is	be	AUX
ajird-1537	386	10	susceptible	susceptible	ADJ
ajird-1537	386	11	to	to	ADP
ajird-1537	386	12	variations	variation	NOUN
ajird-1537	386	13	in	in	ADP
ajird-1537	386	14	global	global	ADJ
ajird-1537	386	15	oil	oil	NOUN
ajird-1537	386	16	prices	price	NOUN
ajird-1537	386	17	due	due	ADP
ajird-1537	386	18	to	to	ADP
ajird-1537	386	19	its	its	PRON
ajird-1537	386	20	significant	significant	ADJ
ajird-1537	386	21	dependence	dependence	NOUN
ajird-1537	386	22	on	on	ADP
ajird-1537	386	23	oil	oil	NOUN
ajird-1537	386	24	exports	export	NOUN
ajird-1537	386	25	.	.	PUNCT
ajird-1537	387	1	this	this	DET
ajird-1537	387	2	volatility	volatility	NOUN
ajird-1537	387	3	can	can	AUX
ajird-1537	387	4	adversely	adversely	ADV
ajird-1537	387	5	affect	affect	VERB
ajird-1537	387	6	government	government	NOUN
ajird-1537	387	7	income	income	NOUN
ajird-1537	387	8	,	,	PUNCT
ajird-1537	387	9	diminish	diminish	VERB
ajird-1537	387	10	investor	investor	NOUN
ajird-1537	387	11	trust	trust	NOUN
ajird-1537	387	12	,	,	PUNCT
ajird-1537	387	13	and	and	CCONJ
ajird-1537	387	14	induce	induce	VERB
ajird-1537	387	15	instability	instability	NOUN
ajird-1537	387	16	in	in	ADP
ajird-1537	387	17	financial	financial	ADJ
ajird-1537	387	18	markets	market	NOUN
ajird-1537	387	19	.	.	PUNCT
ajird-1537	388	1	2	2	X
ajird-1537	388	2	.	.	X
ajird-1537	388	3	the	the	DET
ajird-1537	388	4	regulatory	regulatory	ADJ
ajird-1537	388	5	structure	structure	NOUN
ajird-1537	388	6	in	in	ADP
ajird-1537	388	7	nigeria	nigeria	PROPN
ajird-1537	388	8	is	be	AUX
ajird-1537	388	9	frequently	frequently	ADV
ajird-1537	388	10	regarded	regard	VERB
ajird-1537	388	11	as	as	ADP
ajird-1537	388	12	uneven	uneven	ADJ
ajird-1537	388	13	and	and	CCONJ
ajird-1537	388	14	opaque	opaque	ADJ
ajird-1537	388	15	.	.	PUNCT
ajird-1537	389	1	regulatory	regulatory	ADJ
ajird-1537	389	2	obstacles	obstacle	NOUN
ajird-1537	389	3	can	can	AUX
ajird-1537	389	4	hinder	hinder	VERB
ajird-1537	389	5	the	the	DET
ajird-1537	389	6	expansion	expansion	NOUN
ajird-1537	389	7	of	of	ADP
ajird-1537	389	8	financial	financial	ADJ
ajird-1537	389	9	institutions	institution	NOUN
ajird-1537	389	10	and	and	CCONJ
ajird-1537	389	11	dissuade	dissuade	VERB
ajird-1537	389	12	foreign	foreign	ADJ
ajird-1537	389	13	investment	investment	NOUN
ajird-1537	389	14	,	,	PUNCT
ajird-1537	389	15	constraining	constrain	VERB
ajird-1537	389	16	the	the	DET
ajird-1537	389	17	market	market	NOUN
ajird-1537	389	18	's	's	PART
ajird-1537	389	19	potential	potential	NOUN
ajird-1537	389	20	.	.	PUNCT
ajird-1537	390	1	3	3	X
ajird-1537	390	2	.	.	X
ajird-1537	390	3	infrastructure	infrastructure	NOUN
ajird-1537	390	4	deficiencies	deficiency	NOUN
ajird-1537	390	5	:	:	PUNCT
ajird-1537	390	6	insufficient	insufficient	ADJ
ajird-1537	390	7	infrastructure	infrastructure	NOUN
ajird-1537	390	8	,	,	PUNCT
ajird-1537	390	9	characterised	characterise	VERB
ajird-1537	390	10	by	by	ADP
ajird-1537	390	11	restricted	restricted	ADJ
ajird-1537	390	12	access	access	NOUN
ajird-1537	390	13	to	to	ADP
ajird-1537	390	14	dependable	dependable	ADJ
ajird-1537	390	15	energy	energy	NOUN
ajird-1537	390	16	and	and	CCONJ
ajird-1537	390	17	internet	internet	NOUN
ajird-1537	390	18	connectivity	connectivity	NOUN
ajird-1537	390	19	,	,	PUNCT
ajird-1537	390	20	presents	present	VERB
ajird-1537	390	21	considerable	considerable	ADJ
ajird-1537	390	22	obstacles	obstacle	NOUN
ajird-1537	390	23	for	for	ADP
ajird-1537	390	24	financial	financial	ADJ
ajird-1537	390	25	institutions	institution	NOUN
ajird-1537	390	26	functioning	function	VERB
ajird-1537	390	27	in	in	ADP
ajird-1537	390	28	nigeria	nigeria	PROPN
ajird-1537	390	29	.	.	PUNCT
ajird-1537	391	1	these	these	DET
ajird-1537	391	2	shortcomings	shortcoming	NOUN
ajird-1537	391	3	can	can	AUX
ajird-1537	391	4	impede	impede	VERB
ajird-1537	391	5	the	the	DET
ajird-1537	391	6	advancement	advancement	NOUN
ajird-1537	391	7	of	of	ADP
ajird-1537	391	8	digital	digital	ADJ
ajird-1537	391	9	financial	financial	ADJ
ajird-1537	391	10	services	service	NOUN
ajird-1537	391	11	and	and	CCONJ
ajird-1537	391	12	diminish	diminish	VERB
ajird-1537	391	13	access	access	NOUN
ajird-1537	391	14	to	to	ADP
ajird-1537	391	15	financial	financial	ADJ
ajird-1537	391	16	markets	market	NOUN
ajird-1537	391	17	for	for	ADP
ajird-1537	391	18	the	the	DET
ajird-1537	391	19	general	general	ADJ
ajird-1537	391	20	populace	populace	NOUN
ajird-1537	391	21	.	.	PUNCT
ajird-1537	392	1	american	american	PROPN
ajird-1537	392	2	journal	journal	PROPN
ajird-1537	392	3	of	of	ADP
ajird-1537	392	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	392	5	research	research	NOUN
ajird-1537	392	6	and	and	CCONJ
ajird-1537	392	7	development	development	NOUN
ajird-1537	392	8	issn	issn	PROPN
ajird-1537	392	9	online	online	NOUN
ajird-1537	392	10	:	:	PUNCT
ajird-1537	392	11	2771	2771	NUM
ajird-1537	392	12	-	-	SYM
ajird-1537	392	13	8948	8948	NUM
ajird-1537	392	14	website	website	NOUN
ajird-1537	392	15	:	:	PUNCT
ajird-1537	392	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	392	17	volume	volume	NOUN
ajird-1537	392	18	39	39	NUM
ajird-1537	392	19	,	,	PUNCT
ajird-1537	392	20	april	april	PROPN
ajird-1537	392	21	2025	2025	NUM
ajird-1537	392	22	83	83	NUM
ajird-1537	393	1	|	|	ADV
ajird-1537	393	2	p	p	NOUN
ajird-1537	393	3	a	a	DET
ajird-1537	393	4	g	g	NOUN
ajird-1537	393	5	e	e	NOUN
ajird-1537	393	6	4	4	NUM
ajird-1537	393	7	.	.	PUNCT
ajird-1537	394	1	security	security	NOUN
ajird-1537	394	2	issues	issue	NOUN
ajird-1537	394	3	:	:	PUNCT
ajird-1537	394	4	persistent	persistent	ADJ
ajird-1537	394	5	security	security	NOUN
ajird-1537	394	6	difficulties	difficulty	NOUN
ajird-1537	394	7	,	,	PUNCT
ajird-1537	394	8	especially	especially	ADV
ajird-1537	394	9	in	in	ADP
ajird-1537	394	10	the	the	DET
ajird-1537	394	11	north	north	NOUN
ajird-1537	394	12	and	and	CCONJ
ajird-1537	394	13	secessionist	secessionist	ADJ
ajird-1537	394	14	agitations	agitation	NOUN
ajird-1537	394	15	in	in	ADP
ajird-1537	394	16	the	the	DET
ajird-1537	394	17	south	south	NOUN
ajird-1537	394	18	,	,	PUNCT
ajird-1537	394	19	might	might	AUX
ajird-1537	394	20	hinder	hinder	VERB
ajird-1537	394	21	economic	economic	ADJ
ajird-1537	394	22	operations	operation	NOUN
ajird-1537	394	23	and	and	CCONJ
ajird-1537	394	24	discourage	discourage	VERB
ajird-1537	394	25	investment	investment	NOUN
ajird-1537	394	26	.	.	PUNCT
ajird-1537	395	1	the	the	DET
ajird-1537	395	2	threat	threat	NOUN
ajird-1537	395	3	of	of	ADP
ajird-1537	395	4	violence	violence	NOUN
ajird-1537	395	5	and	and	CCONJ
ajird-1537	395	6	instability	instability	NOUN
ajird-1537	395	7	presents	present	VERB
ajird-1537	395	8	considerable	considerable	ADJ
ajird-1537	395	9	hurdles	hurdle	NOUN
ajird-1537	395	10	for	for	ADP
ajird-1537	395	11	the	the	DET
ajird-1537	395	12	banking	banking	NOUN
ajird-1537	395	13	sector	sector	NOUN
ajird-1537	395	14	.	.	PUNCT
ajird-1537	396	1	6.4.2	6.4.2	NUM
ajird-1537	396	2	prospects	prospect	NOUN
ajird-1537	396	3	in	in	ADP
ajird-1537	396	4	nigeria	nigeria	PROPN
ajird-1537	396	5	's	's	PART
ajird-1537	396	6	financial	financial	ADJ
ajird-1537	396	7	system	system	NOUN
ajird-1537	396	8	the	the	DET
ajird-1537	396	9	central	central	ADJ
ajird-1537	396	10	bank	bank	PROPN
ajird-1537	396	11	of	of	ADP
ajird-1537	396	12	nigeria	nigeria	PROPN
ajird-1537	396	13	(	(	PUNCT
ajird-1537	396	14	2022	2022	NUM
ajird-1537	396	15	)	)	PUNCT
ajird-1537	396	16	asserts	assert	VERB
ajird-1537	396	17	that	that	SCONJ
ajird-1537	396	18	,	,	PUNCT
ajird-1537	396	19	notwithstanding	notwithstanding	ADP
ajird-1537	396	20	these	these	DET
ajird-1537	396	21	issues	issue	NOUN
ajird-1537	396	22	,	,	PUNCT
ajird-1537	396	23	nigeria	nigeria	PROPN
ajird-1537	396	24	's	's	PART
ajird-1537	396	25	financial	financial	ADJ
ajird-1537	396	26	sector	sector	NOUN
ajird-1537	396	27	has	have	VERB
ajird-1537	396	28	several	several	ADJ
ajird-1537	396	29	growth	growth	NOUN
ajird-1537	396	30	potentials	potential	NOUN
ajird-1537	396	31	.	.	PUNCT
ajird-1537	397	1	1	1	X
ajird-1537	397	2	.	.	X
ajird-1537	397	3	nigeria	nigeria	PROPN
ajird-1537	397	4	has	have	AUX
ajird-1537	397	5	established	establish	VERB
ajird-1537	397	6	itself	itself	PRON
ajird-1537	397	7	as	as	ADP
ajird-1537	397	8	a	a	DET
ajird-1537	397	9	pioneer	pioneer	NOUN
ajird-1537	397	10	in	in	ADP
ajird-1537	397	11	the	the	DET
ajird-1537	397	12	african	african	ADJ
ajird-1537	397	13	fintech	fintech	NOUN
ajird-1537	397	14	sector	sector	NOUN
ajird-1537	397	15	,	,	PUNCT
ajird-1537	397	16	with	with	ADP
ajird-1537	397	17	a	a	DET
ajird-1537	397	18	multitude	multitude	NOUN
ajird-1537	397	19	of	of	ADP
ajird-1537	397	20	firms	firm	NOUN
ajird-1537	397	21	creating	create	VERB
ajird-1537	397	22	new	new	ADJ
ajird-1537	397	23	financial	financial	ADJ
ajird-1537	397	24	solutions	solution	NOUN
ajird-1537	397	25	.	.	PUNCT
ajird-1537	398	1	the	the	DET
ajird-1537	398	2	expansion	expansion	NOUN
ajird-1537	398	3	of	of	ADP
ajird-1537	398	4	mobile	mobile	ADJ
ajird-1537	398	5	banking	banking	NOUN
ajird-1537	398	6	and	and	CCONJ
ajird-1537	398	7	digital	digital	ADJ
ajird-1537	398	8	payment	payment	NOUN
ajird-1537	398	9	systems	system	NOUN
ajird-1537	398	10	offers	offer	VERB
ajird-1537	398	11	prospects	prospect	NOUN
ajird-1537	398	12	for	for	ADP
ajird-1537	398	13	financial	financial	ADJ
ajird-1537	398	14	inclusion	inclusion	NOUN
ajird-1537	398	15	and	and	CCONJ
ajird-1537	398	16	enhanced	enhance	VERB
ajird-1537	398	17	access	access	NOUN
ajird-1537	398	18	to	to	ADP
ajird-1537	398	19	financial	financial	ADJ
ajird-1537	398	20	services	service	NOUN
ajird-1537	398	21	.	.	PUNCT
ajird-1537	399	1	2	2	X
ajird-1537	399	2	.	.	X
ajird-1537	399	3	nigeria	nigeria	PROPN
ajird-1537	399	4	's	's	PART
ajird-1537	399	5	youthful	youthful	ADJ
ajird-1537	399	6	demographic	demographic	ADJ
ajird-1537	399	7	presents	present	NOUN
ajird-1537	399	8	a	a	DET
ajird-1537	399	9	substantial	substantial	ADJ
ajird-1537	399	10	possibility	possibility	NOUN
ajird-1537	399	11	for	for	ADP
ajird-1537	399	12	economic	economic	ADJ
ajird-1537	399	13	expansion	expansion	NOUN
ajird-1537	399	14	.	.	PUNCT
ajird-1537	400	1	by	by	ADP
ajird-1537	400	2	addressing	address	VERB
ajird-1537	400	3	the	the	DET
ajird-1537	400	4	financial	financial	ADJ
ajird-1537	400	5	requirements	requirement	NOUN
ajird-1537	400	6	of	of	ADP
ajird-1537	400	7	young	young	ADJ
ajird-1537	400	8	consumers	consumer	NOUN
ajird-1537	400	9	,	,	PUNCT
ajird-1537	400	10	financial	financial	ADJ
ajird-1537	400	11	institutions	institution	NOUN
ajird-1537	400	12	may	may	AUX
ajird-1537	400	13	access	access	VERB
ajird-1537	400	14	a	a	DET
ajird-1537	400	15	substantial	substantial	ADJ
ajird-1537	400	16	and	and	CCONJ
ajird-1537	400	17	active	active	ADJ
ajird-1537	400	18	market	market	NOUN
ajird-1537	400	19	area	area	NOUN
ajird-1537	400	20	.	.	PUNCT
ajird-1537	401	1	3	3	X
ajird-1537	401	2	.	.	X
ajird-1537	401	3	regional	regional	ADJ
ajird-1537	401	4	integration	integration	NOUN
ajird-1537	401	5	:	:	PUNCT
ajird-1537	401	6	initiatives	initiative	NOUN
ajird-1537	401	7	like	like	ADP
ajird-1537	401	8	the	the	DET
ajird-1537	401	9	african	african	PROPN
ajird-1537	401	10	continental	continental	PROPN
ajird-1537	401	11	free	free	PROPN
ajird-1537	401	12	trade	trade	NOUN
ajird-1537	401	13	agreement	agreement	NOUN
ajird-1537	401	14	(	(	PUNCT
ajird-1537	401	15	afcfta	afcfta	PROPN
ajird-1537	401	16	)	)	PUNCT
ajird-1537	401	17	provide	provide	VERB
ajird-1537	401	18	nigeria	nigeria	PROPN
ajird-1537	401	19	possibilities	possibility	NOUN
ajird-1537	401	20	to	to	PART
ajird-1537	401	21	strengthen	strengthen	VERB
ajird-1537	401	22	its	its	PRON
ajird-1537	401	23	regional	regional	ADJ
ajird-1537	401	24	economic	economic	ADJ
ajird-1537	401	25	integration	integration	NOUN
ajird-1537	401	26	.	.	PUNCT
ajird-1537	402	1	enhanced	enhance	VERB
ajird-1537	402	2	trade	trade	NOUN
ajird-1537	402	3	and	and	CCONJ
ajird-1537	402	4	investment	investment	NOUN
ajird-1537	402	5	throughout	throughout	ADP
ajird-1537	402	6	the	the	DET
ajird-1537	402	7	continent	continent	NOUN
ajird-1537	402	8	can	can	AUX
ajird-1537	402	9	stimulate	stimulate	VERB
ajird-1537	402	10	economic	economic	ADJ
ajird-1537	402	11	growth	growth	NOUN
ajird-1537	402	12	and	and	CCONJ
ajird-1537	402	13	generate	generate	VERB
ajird-1537	402	14	new	new	ADJ
ajird-1537	402	15	prospects	prospect	NOUN
ajird-1537	402	16	for	for	ADP
ajird-1537	402	17	financial	financial	ADJ
ajird-1537	402	18	institutions	institution	NOUN
ajird-1537	402	19	.	.	PUNCT
ajird-1537	403	1	4	4	X
ajird-1537	403	2	.	.	X
ajird-1537	403	3	the	the	DET
ajird-1537	403	4	nigerian	nigerian	ADJ
ajird-1537	403	5	government	government	NOUN
ajird-1537	403	6	acknowledges	acknowledge	VERB
ajird-1537	403	7	the	the	DET
ajird-1537	403	8	necessity	necessity	NOUN
ajird-1537	403	9	for	for	ADP
ajird-1537	403	10	financial	financial	ADJ
ajird-1537	403	11	sector	sector	NOUN
ajird-1537	403	12	changes	change	NOUN
ajird-1537	403	13	and	and	CCONJ
ajird-1537	403	14	is	be	AUX
ajird-1537	403	15	endeavouring	endeavour	VERB
ajird-1537	403	16	to	to	PART
ajird-1537	403	17	enhance	enhance	VERB
ajird-1537	403	18	the	the	DET
ajird-1537	403	19	regulatory	regulatory	ADJ
ajird-1537	403	20	framework	framework	NOUN
ajird-1537	403	21	.	.	PUNCT
ajird-1537	404	1	continued	continue	VERB
ajird-1537	404	2	initiatives	initiative	NOUN
ajird-1537	404	3	to	to	PART
ajird-1537	404	4	fortify	fortify	VERB
ajird-1537	404	5	governance	governance	NOUN
ajird-1537	404	6	,	,	PUNCT
ajird-1537	404	7	augment	augment	VERB
ajird-1537	404	8	transparency	transparency	NOUN
ajird-1537	404	9	,	,	PUNCT
ajird-1537	404	10	and	and	CCONJ
ajird-1537	404	11	foster	foster	ADJ
ajird-1537	404	12	competition	competition	NOUN
ajird-1537	404	13	can	can	AUX
ajird-1537	404	14	facilitate	facilitate	VERB
ajird-1537	404	15	a	a	DET
ajird-1537	404	16	more	more	ADV
ajird-1537	404	17	resilient	resilient	ADJ
ajird-1537	404	18	financial	financial	ADJ
ajird-1537	404	19	sector	sector	NOUN
ajird-1537	404	20	.	.	PUNCT
ajird-1537	405	1	7.0	7.0	NUM
ajird-1537	405	2	conclusion	conclusion	NOUN
ajird-1537	405	3	and	and	CCONJ
ajird-1537	405	4	recommendations	recommendation	NOUN
ajird-1537	405	5	7.1	7.1	NUM
ajird-1537	405	6	conclusion	conclusion	NOUN
ajird-1537	405	7	the	the	DET
ajird-1537	405	8	financial	financial	ADJ
ajird-1537	405	9	systems	system	NOUN
ajird-1537	405	10	of	of	ADP
ajird-1537	405	11	new	new	PROPN
ajird-1537	405	12	york	york	PROPN
ajird-1537	405	13	,	,	PUNCT
ajird-1537	405	14	london	london	PROPN
ajird-1537	405	15	,	,	PUNCT
ajird-1537	405	16	tokyo	tokyo	PROPN
ajird-1537	405	17	,	,	PUNCT
ajird-1537	405	18	and	and	CCONJ
ajird-1537	405	19	nigeria	nigeria	PROPN
ajird-1537	405	20	exhibit	exhibit	VERB
ajird-1537	405	21	distinct	distinct	ADJ
ajird-1537	405	22	traits	trait	NOUN
ajird-1537	405	23	influenced	influence	VERB
ajird-1537	405	24	by	by	ADP
ajird-1537	405	25	their	their	PRON
ajird-1537	405	26	historical	historical	ADJ
ajird-1537	405	27	,	,	PUNCT
ajird-1537	405	28	economic	economic	ADJ
ajird-1537	405	29	,	,	PUNCT
ajird-1537	405	30	and	and	CCONJ
ajird-1537	405	31	regulatory	regulatory	ADJ
ajird-1537	405	32	environments	environment	NOUN
ajird-1537	405	33	.	.	PUNCT
ajird-1537	406	1	new	new	PROPN
ajird-1537	406	2	york	york	PROPN
ajird-1537	406	3	and	and	CCONJ
ajird-1537	406	4	london	london	PROPN
ajird-1537	406	5	are	be	AUX
ajird-1537	406	6	prominent	prominent	ADJ
ajird-1537	406	7	worldwide	worldwide	ADJ
ajird-1537	406	8	financial	financial	ADJ
ajird-1537	406	9	centres	centre	NOUN
ajird-1537	406	10	,	,	PUNCT
ajird-1537	406	11	with	with	ADP
ajird-1537	406	12	advanced	advanced	ADJ
ajird-1537	406	13	financial	financial	ADJ
ajird-1537	406	14	markets	market	NOUN
ajird-1537	406	15	with	with	ADP
ajird-1537	406	16	substantial	substantial	ADJ
ajird-1537	406	17	market	market	NOUN
ajird-1537	406	18	capitalisations	capitalisation	NOUN
ajird-1537	406	19	,	,	PUNCT
ajird-1537	406	20	a	a	DET
ajird-1537	406	21	variety	variety	NOUN
ajird-1537	406	22	of	of	ADP
ajird-1537	406	23	financial	financial	ADJ
ajird-1537	406	24	products	product	NOUN
ajird-1537	406	25	,	,	PUNCT
ajird-1537	406	26	and	and	CCONJ
ajird-1537	406	27	strong	strong	ADJ
ajird-1537	406	28	regulatory	regulatory	ADJ
ajird-1537	406	29	frameworks	framework	NOUN
ajird-1537	406	30	.	.	PUNCT
ajird-1537	407	1	these	these	DET
ajird-1537	407	2	cities	city	NOUN
ajird-1537	407	3	have	have	AUX
ajird-1537	407	4	successfully	successfully	ADV
ajird-1537	407	5	utilised	utilise	VERB
ajird-1537	407	6	technology	technology	NOUN
ajird-1537	407	7	breakthroughs	breakthrough	NOUN
ajird-1537	407	8	to	to	PART
ajird-1537	407	9	improve	improve	VERB
ajird-1537	407	10	market	market	NOUN
ajird-1537	407	11	efficiency	efficiency	NOUN
ajird-1537	407	12	,	,	PUNCT
ajird-1537	407	13	foster	foster	ADJ
ajird-1537	407	14	innovation	innovation	NOUN
ajird-1537	407	15	,	,	PUNCT
ajird-1537	407	16	and	and	CCONJ
ajird-1537	407	17	draw	draw	VERB
ajird-1537	407	18	foreign	foreign	ADJ
ajird-1537	407	19	investment	investment	NOUN
ajird-1537	407	20	,	,	PUNCT
ajird-1537	407	21	reinforcing	reinforce	VERB
ajird-1537	407	22	their	their	PRON
ajird-1537	407	23	status	status	NOUN
ajird-1537	407	24	as	as	ADP
ajird-1537	407	25	leaders	leader	NOUN
ajird-1537	407	26	in	in	ADP
ajird-1537	407	27	the	the	DET
ajird-1537	407	28	global	global	ADJ
ajird-1537	407	29	financial	financial	ADJ
ajird-1537	407	30	arena	arena	NOUN
ajird-1537	407	31	.	.	PUNCT
ajird-1537	408	1	tokyo	tokyo	PROPN
ajird-1537	408	2	's	's	PART
ajird-1537	408	3	financial	financial	ADJ
ajird-1537	408	4	system	system	NOUN
ajird-1537	408	5	,	,	PUNCT
ajird-1537	408	6	despite	despite	SCONJ
ajird-1537	408	7	its	its	PRON
ajird-1537	408	8	considerable	considerable	ADJ
ajird-1537	408	9	size	size	NOUN
ajird-1537	408	10	and	and	CCONJ
ajird-1537	408	11	breadth	breadth	NOUN
ajird-1537	408	12	,	,	PUNCT
ajird-1537	408	13	has	have	VERB
ajird-1537	408	14	issues	issue	NOUN
ajird-1537	408	15	associated	associate	VERB
ajird-1537	408	16	with	with	ADP
ajird-1537	408	17	demographic	demographic	ADJ
ajird-1537	408	18	changes	change	NOUN
ajird-1537	408	19	and	and	CCONJ
ajird-1537	408	20	economic	economic	ADJ
ajird-1537	408	21	stagnation	stagnation	NOUN
ajird-1537	408	22	.	.	PUNCT
ajird-1537	409	1	nonetheless	nonetheless	ADV
ajird-1537	409	2	,	,	PUNCT
ajird-1537	409	3	its	its	PRON
ajird-1537	409	4	sophisticated	sophisticated	ADJ
ajird-1537	409	5	technical	technical	ADJ
ajird-1537	409	6	integration	integration	NOUN
ajird-1537	409	7	and	and	CCONJ
ajird-1537	409	8	robust	robust	ADJ
ajird-1537	409	9	bond	bond	NOUN
ajird-1537	409	10	market	market	NOUN
ajird-1537	409	11	consistently	consistently	ADV
ajird-1537	409	12	establish	establish	VERB
ajird-1537	409	13	tokyo	tokyo	PROPN
ajird-1537	409	14	as	as	ADP
ajird-1537	409	15	a	a	DET
ajird-1537	409	16	pivotal	pivotal	ADJ
ajird-1537	409	17	entity	entity	NOUN
ajird-1537	409	18	in	in	ADP
ajird-1537	409	19	asia	asia	PROPN
ajird-1537	409	20	's	's	PART
ajird-1537	409	21	financial	financial	ADJ
ajird-1537	409	22	landscape	landscape	NOUN
ajird-1537	409	23	.	.	PUNCT
ajird-1537	410	1	nigeria	nigeria	PROPN
ajird-1537	410	2	,	,	PUNCT
ajird-1537	410	3	albeit	albeit	SCONJ
ajird-1537	410	4	the	the	DET
ajird-1537	410	5	largest	large	ADJ
ajird-1537	410	6	financial	financial	ADJ
ajird-1537	410	7	market	market	NOUN
ajird-1537	410	8	in	in	ADP
ajird-1537	410	9	africa	africa	PROPN
ajird-1537	410	10	,	,	PUNCT
ajird-1537	410	11	contends	contend	VERB
ajird-1537	410	12	with	with	ADP
ajird-1537	410	13	volatility	volatility	NOUN
ajird-1537	410	14	and	and	CCONJ
ajird-1537	410	15	structural	structural	ADJ
ajird-1537	410	16	challenges	challenge	NOUN
ajird-1537	410	17	that	that	PRON
ajird-1537	410	18	impede	impede	VERB
ajird-1537	410	19	its	its	PRON
ajird-1537	410	20	development	development	NOUN
ajird-1537	410	21	potential	potential	NOUN
ajird-1537	410	22	.	.	PUNCT
ajird-1537	411	1	nonetheless	nonetheless	ADV
ajird-1537	411	2	,	,	PUNCT
ajird-1537	411	3	continuous	continuous	ADJ
ajird-1537	411	4	changes	change	NOUN
ajird-1537	411	5	and	and	CCONJ
ajird-1537	411	6	the	the	DET
ajird-1537	411	7	emergence	emergence	NOUN
ajird-1537	411	8	of	of	ADP
ajird-1537	411	9	fintech	fintech	NOUN
ajird-1537	411	10	technologies	technology	NOUN
ajird-1537	411	11	provide	provide	VERB
ajird-1537	411	12	prospects	prospect	NOUN
ajird-1537	411	13	for	for	ADP
ajird-1537	411	14	enhancement	enhancement	NOUN
ajird-1537	411	15	and	and	CCONJ
ajird-1537	411	16	advancement	advancement	NOUN
ajird-1537	411	17	within	within	ADP
ajird-1537	411	18	nigeria	nigeria	PROPN
ajird-1537	411	19	's	's	PART
ajird-1537	411	20	financial	financial	ADJ
ajird-1537	411	21	sector	sector	NOUN
ajird-1537	411	22	.	.	PUNCT
ajird-1537	412	1	american	american	ADJ
ajird-1537	412	2	journal	journal	PROPN
ajird-1537	412	3	of	of	ADP
ajird-1537	412	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	412	5	research	research	NOUN
ajird-1537	412	6	and	and	CCONJ
ajird-1537	412	7	development	development	NOUN
ajird-1537	412	8	issn	issn	PROPN
ajird-1537	412	9	online	online	NOUN
ajird-1537	412	10	:	:	PUNCT
ajird-1537	412	11	2771	2771	NUM
ajird-1537	412	12	-	-	SYM
ajird-1537	412	13	8948	8948	NUM
ajird-1537	412	14	website	website	NOUN
ajird-1537	412	15	:	:	PUNCT
ajird-1537	412	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	412	17	volume	volume	NOUN
ajird-1537	412	18	39	39	NUM
ajird-1537	412	19	,	,	PUNCT
ajird-1537	412	20	april	april	PROPN
ajird-1537	412	21	2025	2025	NUM
ajird-1537	412	22	84	84	NUM
ajird-1537	413	1	|	|	ADV
ajird-1537	413	2	p	p	ADP
ajird-1537	413	3	a	a	DET
ajird-1537	413	4	g	g	NOUN
ajird-1537	413	5	e	e	NOUN
ajird-1537	413	6	the	the	DET
ajird-1537	413	7	comparative	comparative	ADJ
ajird-1537	413	8	examination	examination	NOUN
ajird-1537	413	9	of	of	ADP
ajird-1537	413	10	various	various	ADJ
ajird-1537	413	11	financial	financial	ADJ
ajird-1537	413	12	systems	system	NOUN
ajird-1537	413	13	demonstrates	demonstrate	VERB
ajird-1537	413	14	the	the	DET
ajird-1537	413	15	interdependence	interdependence	NOUN
ajird-1537	413	16	of	of	ADP
ajird-1537	413	17	global	global	ADJ
ajird-1537	413	18	markets	market	NOUN
ajird-1537	413	19	and	and	CCONJ
ajird-1537	413	20	the	the	DET
ajird-1537	413	21	necessity	necessity	NOUN
ajird-1537	413	22	of	of	ADP
ajird-1537	413	23	responding	respond	VERB
ajird-1537	413	24	to	to	ADP
ajird-1537	413	25	evolving	evolve	VERB
ajird-1537	413	26	economic	economic	ADJ
ajird-1537	413	27	situations	situation	NOUN
ajird-1537	413	28	.	.	PUNCT
ajird-1537	414	1	as	as	SCONJ
ajird-1537	414	2	these	these	DET
ajird-1537	414	3	financial	financial	ADJ
ajird-1537	414	4	centres	centre	NOUN
ajird-1537	414	5	adapt	adapt	VERB
ajird-1537	414	6	to	to	ADP
ajird-1537	414	7	the	the	DET
ajird-1537	414	8	complexity	complexity	NOUN
ajird-1537	414	9	of	of	ADP
ajird-1537	414	10	a	a	DET
ajird-1537	414	11	changing	change	VERB
ajird-1537	414	12	global	global	ADJ
ajird-1537	414	13	environment	environment	NOUN
ajird-1537	414	14	,	,	PUNCT
ajird-1537	414	15	their	their	PRON
ajird-1537	414	16	functions	function	NOUN
ajird-1537	414	17	will	will	AUX
ajird-1537	414	18	continue	continue	VERB
ajird-1537	414	19	to	to	PART
ajird-1537	414	20	be	be	AUX
ajird-1537	414	21	essential	essential	ADJ
ajird-1537	414	22	in	in	ADP
ajird-1537	414	23	promoting	promote	VERB
ajird-1537	414	24	capital	capital	NOUN
ajird-1537	414	25	creation	creation	NOUN
ajird-1537	414	26	,	,	PUNCT
ajird-1537	414	27	enabling	enable	VERB
ajird-1537	414	28	investment	investment	NOUN
ajird-1537	414	29	,	,	PUNCT
ajird-1537	414	30	and	and	CCONJ
ajird-1537	414	31	stimulating	stimulate	VERB
ajird-1537	414	32	economic	economic	ADJ
ajird-1537	414	33	growth	growth	NOUN
ajird-1537	414	34	.	.	PUNCT
ajird-1537	415	1	this	this	DET
ajird-1537	415	2	evaluation	evaluation	NOUN
ajird-1537	415	3	highlights	highlight	VERB
ajird-1537	415	4	the	the	DET
ajird-1537	415	5	imperative	imperative	NOUN
ajird-1537	415	6	for	for	SCONJ
ajird-1537	415	7	policymakers	policymaker	NOUN
ajird-1537	415	8	and	and	CCONJ
ajird-1537	415	9	stakeholders	stakeholder	NOUN
ajird-1537	415	10	to	to	PART
ajird-1537	415	11	cultivate	cultivate	VERB
ajird-1537	415	12	a	a	DET
ajird-1537	415	13	conducive	conducive	ADJ
ajird-1537	415	14	climate	climate	NOUN
ajird-1537	415	15	that	that	PRON
ajird-1537	415	16	stimulates	stimulate	VERB
ajird-1537	415	17	innovation	innovation	NOUN
ajird-1537	415	18	,	,	PUNCT
ajird-1537	415	19	improves	improve	VERB
ajird-1537	415	20	regulatory	regulatory	ADJ
ajird-1537	415	21	frameworks	framework	NOUN
ajird-1537	415	22	,	,	PUNCT
ajird-1537	415	23	and	and	CCONJ
ajird-1537	415	24	ensures	ensure	VERB
ajird-1537	415	25	stability	stability	NOUN
ajird-1537	415	26	in	in	ADP
ajird-1537	415	27	their	their	PRON
ajird-1537	415	28	financial	financial	ADJ
ajird-1537	415	29	markets	market	NOUN
ajird-1537	415	30	.	.	PUNCT
ajird-1537	416	1	7.2	7.2	NUM
ajird-1537	416	2	recommendations	recommendation	NOUN
ajird-1537	416	3	to	to	PART
ajird-1537	416	4	bolster	bolster	VERB
ajird-1537	416	5	the	the	DET
ajird-1537	416	6	stability	stability	NOUN
ajird-1537	416	7	and	and	CCONJ
ajird-1537	416	8	expansion	expansion	NOUN
ajird-1537	416	9	of	of	ADP
ajird-1537	416	10	financial	financial	ADJ
ajird-1537	416	11	markets	market	NOUN
ajird-1537	416	12	in	in	ADP
ajird-1537	416	13	new	new	PROPN
ajird-1537	416	14	york	york	PROPN
ajird-1537	416	15	,	,	PUNCT
ajird-1537	416	16	london	london	PROPN
ajird-1537	416	17	,	,	PUNCT
ajird-1537	416	18	tokyo	tokyo	PROPN
ajird-1537	416	19	,	,	PUNCT
ajird-1537	416	20	and	and	CCONJ
ajird-1537	416	21	nigeria	nigeria	PROPN
ajird-1537	416	22	,	,	PUNCT
ajird-1537	416	23	the	the	DET
ajird-1537	416	24	below	below	ADJ
ajird-1537	416	25	proposals	proposal	NOUN
ajird-1537	416	26	are	be	AUX
ajird-1537	416	27	put	put	VERB
ajird-1537	416	28	forth	forth	ADV
ajird-1537	416	29	:	:	PUNCT
ajird-1537	416	30	1	1	X
ajird-1537	416	31	.	.	PUNCT
ajird-1537	416	32	financial	financial	ADJ
ajird-1537	416	33	regulators	regulator	NOUN
ajird-1537	416	34	across	across	ADP
ajird-1537	416	35	all	all	DET
ajird-1537	416	36	four	four	NUM
ajird-1537	416	37	markets	market	NOUN
ajird-1537	416	38	must	must	AUX
ajird-1537	416	39	persist	persist	VERB
ajird-1537	416	40	in	in	ADP
ajird-1537	416	41	adapting	adapt	VERB
ajird-1537	416	42	and	and	CCONJ
ajird-1537	416	43	fortifying	fortify	VERB
ajird-1537	416	44	regulatory	regulatory	ADJ
ajird-1537	416	45	frameworks	framework	NOUN
ajird-1537	416	46	to	to	PART
ajird-1537	416	47	mitigate	mitigate	VERB
ajird-1537	416	48	growing	grow	VERB
ajird-1537	416	49	risks	risk	NOUN
ajird-1537	416	50	,	,	PUNCT
ajird-1537	416	51	especially	especially	ADV
ajird-1537	416	52	with	with	ADP
ajird-1537	416	53	technology	technology	NOUN
ajird-1537	416	54	and	and	CCONJ
ajird-1537	416	55	cryptocurrencies	cryptocurrencie	NOUN
ajird-1537	416	56	.	.	PUNCT
ajird-1537	417	1	lucid	lucid	ADJ
ajird-1537	417	2	and	and	CCONJ
ajird-1537	417	3	transparent	transparent	ADJ
ajird-1537	417	4	laws	law	NOUN
ajird-1537	417	5	will	will	AUX
ajird-1537	417	6	enhance	enhance	VERB
ajird-1537	417	7	investor	investor	NOUN
ajird-1537	417	8	trust	trust	NOUN
ajird-1537	417	9	and	and	CCONJ
ajird-1537	417	10	market	market	NOUN
ajird-1537	417	11	stability	stability	NOUN
ajird-1537	417	12	.	.	PUNCT
ajird-1537	418	1	2	2	X
ajird-1537	418	2	.	.	X
ajird-1537	418	3	nigeria	nigeria	PROPN
ajird-1537	418	4	should	should	AUX
ajird-1537	418	5	prioritise	prioritise	VERB
ajird-1537	418	6	steps	step	NOUN
ajird-1537	418	7	to	to	PART
ajird-1537	418	8	enhance	enhance	VERB
ajird-1537	418	9	financial	financial	ADJ
ajird-1537	418	10	inclusion	inclusion	NOUN
ajird-1537	418	11	for	for	ADP
ajird-1537	418	12	its	its	PRON
ajird-1537	418	13	unbanked	unbanked	ADJ
ajird-1537	418	14	populace	populace	NOUN
ajird-1537	418	15	.	.	PUNCT
ajird-1537	419	1	partnerships	partnership	NOUN
ajird-1537	419	2	between	between	ADP
ajird-1537	419	3	conventional	conventional	ADJ
ajird-1537	419	4	banking	banking	NOUN
ajird-1537	419	5	institutions	institution	NOUN
ajird-1537	419	6	and	and	CCONJ
ajird-1537	419	7	fintech	fintech	NOUN
ajird-1537	419	8	firms	firm	NOUN
ajird-1537	419	9	can	can	AUX
ajird-1537	419	10	enhance	enhance	VERB
ajird-1537	419	11	access	access	NOUN
ajird-1537	419	12	to	to	ADP
ajird-1537	419	13	vital	vital	ADJ
ajird-1537	419	14	financial	financial	ADJ
ajird-1537	419	15	services	service	NOUN
ajird-1537	419	16	thereby	thereby	ADV
ajird-1537	419	17	promoting	promote	VERB
ajird-1537	419	18	economic	economic	ADJ
ajird-1537	419	19	expansion	expansion	NOUN
ajird-1537	419	20	.	.	PUNCT
ajird-1537	420	1	3	3	X
ajird-1537	420	2	.	.	X
ajird-1537	420	3	financial	financial	ADJ
ajird-1537	420	4	institutions	institution	NOUN
ajird-1537	420	5	in	in	ADP
ajird-1537	420	6	new	new	PROPN
ajird-1537	420	7	york	york	PROPN
ajird-1537	420	8	,	,	PUNCT
ajird-1537	420	9	london	london	PROPN
ajird-1537	420	10	,	,	PUNCT
ajird-1537	420	11	tokyo	tokyo	PROPN
ajird-1537	420	12	,	,	PUNCT
ajird-1537	420	13	and	and	CCONJ
ajird-1537	420	14	nigeria	nigeria	PROPN
ajird-1537	420	15	ought	ought	AUX
ajird-1537	420	16	to	to	PART
ajird-1537	420	17	cultivate	cultivate	VERB
ajird-1537	420	18	collaborations	collaboration	NOUN
ajird-1537	420	19	with	with	ADP
ajird-1537	420	20	fintech	fintech	NOUN
ajird-1537	420	21	businesses	business	NOUN
ajird-1537	420	22	and	and	CCONJ
ajird-1537	420	23	start	start	NOUN
ajird-1537	420	24	-	-	PUNCT
ajird-1537	420	25	ups	up	NOUN
ajird-1537	420	26	to	to	PART
ajird-1537	420	27	advance	advance	VERB
ajird-1537	420	28	innovation	innovation	NOUN
ajird-1537	420	29	and	and	CCONJ
ajird-1537	420	30	improve	improve	VERB
ajird-1537	420	31	service	service	NOUN
ajird-1537	420	32	delivery	delivery	NOUN
ajird-1537	420	33	.	.	PUNCT
ajird-1537	421	1	collaborations	collaboration	NOUN
ajird-1537	421	2	can	can	AUX
ajird-1537	421	3	propel	propel	VERB
ajird-1537	421	4	technical	technical	ADJ
ajird-1537	421	5	progress	progress	NOUN
ajird-1537	421	6	while	while	SCONJ
ajird-1537	421	7	ensuring	ensure	VERB
ajird-1537	421	8	adherence	adherence	NOUN
ajird-1537	421	9	to	to	ADP
ajird-1537	421	10	regulations	regulation	NOUN
ajird-1537	421	11	.	.	PUNCT
ajird-1537	422	1	4	4	X
ajird-1537	422	2	.	.	X
ajird-1537	422	3	enhancing	enhance	VERB
ajird-1537	422	4	financial	financial	ADJ
ajird-1537	422	5	literacy	literacy	NOUN
ajird-1537	422	6	and	and	CCONJ
ajird-1537	422	7	awareness	awareness	NOUN
ajird-1537	422	8	among	among	ADP
ajird-1537	422	9	individual	individual	ADJ
ajird-1537	422	10	investors	investor	NOUN
ajird-1537	422	11	is	be	AUX
ajird-1537	422	12	essential	essential	ADJ
ajird-1537	422	13	in	in	ADP
ajird-1537	422	14	all	all	DET
ajird-1537	422	15	markets	market	NOUN
ajird-1537	422	16	.	.	PUNCT
ajird-1537	423	1	educational	educational	ADJ
ajird-1537	423	2	activities	activity	NOUN
ajird-1537	423	3	must	must	AUX
ajird-1537	423	4	concentrate	concentrate	VERB
ajird-1537	423	5	on	on	ADP
ajird-1537	423	6	providing	provide	VERB
ajird-1537	423	7	individuals	individual	NOUN
ajird-1537	423	8	with	with	ADP
ajird-1537	423	9	the	the	DET
ajird-1537	423	10	knowledge	knowledge	NOUN
ajird-1537	423	11	necessary	necessary	ADJ
ajird-1537	423	12	for	for	ADP
ajird-1537	423	13	making	make	VERB
ajird-1537	423	14	informed	informed	ADJ
ajird-1537	423	15	investment	investment	NOUN
ajird-1537	423	16	decisions	decision	NOUN
ajird-1537	423	17	,	,	PUNCT
ajird-1537	423	18	thereby	thereby	ADV
ajird-1537	423	19	cultivating	cultivate	VERB
ajird-1537	423	20	a	a	DET
ajird-1537	423	21	more	more	ADV
ajird-1537	423	22	resilient	resilient	ADJ
ajird-1537	423	23	investment	investment	NOUN
ajird-1537	423	24	culture	culture	NOUN
ajird-1537	423	25	especially	especially	ADV
ajird-1537	423	26	in	in	ADP
ajird-1537	423	27	the	the	DET
ajird-1537	423	28	retail	retail	ADJ
ajird-1537	423	29	space	space	NOUN
ajird-1537	423	30	.	.	PUNCT
ajird-1537	424	1	5	5	X
ajird-1537	424	2	.	.	X
ajird-1537	424	3	policymakers	policymaker	NOUN
ajird-1537	424	4	across	across	ADP
ajird-1537	424	5	all	all	DET
ajird-1537	424	6	markets	market	NOUN
ajird-1537	424	7	must	must	AUX
ajird-1537	424	8	proactively	proactively	ADV
ajird-1537	424	9	participate	participate	VERB
ajird-1537	424	10	in	in	ADP
ajird-1537	424	11	diplomatic	diplomatic	ADJ
ajird-1537	424	12	and	and	CCONJ
ajird-1537	424	13	trade	trade	NOUN
ajird-1537	424	14	discussions	discussion	NOUN
ajird-1537	424	15	to	to	PART
ajird-1537	424	16	alleviate	alleviate	VERB
ajird-1537	424	17	geopolitical	geopolitical	ADJ
ajird-1537	424	18	concerns	concern	NOUN
ajird-1537	424	19	that	that	PRON
ajird-1537	424	20	may	may	AUX
ajird-1537	424	21	affect	affect	VERB
ajird-1537	424	22	financial	financial	ADJ
ajird-1537	424	23	markets	market	NOUN
ajird-1537	424	24	.	.	PUNCT
ajird-1537	425	1	fostering	foster	VERB
ajird-1537	425	2	transparent	transparent	ADJ
ajird-1537	425	3	communication	communication	NOUN
ajird-1537	425	4	and	and	CCONJ
ajird-1537	425	5	cooperation	cooperation	NOUN
ajird-1537	425	6	with	with	ADP
ajird-1537	425	7	foreign	foreign	ADJ
ajird-1537	425	8	nations	nation	NOUN
ajird-1537	425	9	will	will	AUX
ajird-1537	425	10	be	be	AUX
ajird-1537	425	11	crucial	crucial	ADJ
ajird-1537	425	12	in	in	ADP
ajird-1537	425	13	addressing	address	VERB
ajird-1537	425	14	uncertainty	uncertainty	NOUN
ajird-1537	425	15	.	.	PUNCT
ajird-1537	426	1	6	6	X
ajird-1537	426	2	.	.	X
ajird-1537	426	3	financial	financial	ADJ
ajird-1537	426	4	organisations	organisation	NOUN
ajird-1537	426	5	have	have	VERB
ajird-1537	426	6	to	to	PART
ajird-1537	426	7	allocate	allocate	VERB
ajird-1537	426	8	resources	resource	NOUN
ajird-1537	426	9	towards	towards	ADP
ajird-1537	426	10	data	datum	NOUN
ajird-1537	426	11	analytics	analytic	NOUN
ajird-1537	426	12	and	and	CCONJ
ajird-1537	426	13	artificial	artificial	ADJ
ajird-1537	426	14	intelligence	intelligence	NOUN
ajird-1537	426	15	to	to	PART
ajird-1537	426	16	augment	augment	VERB
ajird-1537	426	17	decision	decision	NOUN
ajird-1537	426	18	-	-	PUNCT
ajird-1537	426	19	making	make	VERB
ajird-1537	426	20	processes	process	NOUN
ajird-1537	426	21	and	and	CCONJ
ajird-1537	426	22	refine	refine	VERB
ajird-1537	426	23	risk	risk	NOUN
ajird-1537	426	24	management	management	NOUN
ajird-1537	426	25	.	.	PUNCT
ajird-1537	427	1	utilising	utilise	VERB
ajird-1537	427	2	technology	technology	NOUN
ajird-1537	427	3	can	can	AUX
ajird-1537	427	4	yield	yield	VERB
ajird-1537	427	5	enhanced	enhanced	ADJ
ajird-1537	427	6	understanding	understanding	NOUN
ajird-1537	427	7	of	of	ADP
ajird-1537	427	8	market	market	NOUN
ajird-1537	427	9	movements	movement	NOUN
ajird-1537	427	10	and	and	CCONJ
ajird-1537	427	11	investor	investor	NOUN
ajird-1537	427	12	behaviour	behaviour	NOUN
ajird-1537	427	13	.	.	PUNCT
ajird-1537	428	1	7	7	X
ajird-1537	428	2	.	.	X
ajird-1537	428	3	financial	financial	ADJ
ajird-1537	428	4	markets	market	NOUN
ajird-1537	428	5	must	must	AUX
ajird-1537	428	6	prioritise	prioritise	VERB
ajird-1537	428	7	sustainable	sustainable	ADJ
ajird-1537	428	8	financing	financing	NOUN
ajird-1537	428	9	projects	project	NOUN
ajird-1537	428	10	to	to	PART
ajird-1537	428	11	tackle	tackle	VERB
ajird-1537	428	12	environmental	environmental	ADJ
ajird-1537	428	13	,	,	PUNCT
ajird-1537	428	14	social	social	ADJ
ajird-1537	428	15	,	,	PUNCT
ajird-1537	428	16	and	and	CCONJ
ajird-1537	428	17	governance	governance	NOUN
ajird-1537	428	18	(	(	PUNCT
ajird-1537	428	19	esg	esg	NOUN
ajird-1537	428	20	)	)	PUNCT
ajird-1537	428	21	issues	issue	NOUN
ajird-1537	428	22	.	.	PUNCT
ajird-1537	429	1	this	this	PRON
ajird-1537	429	2	will	will	AUX
ajird-1537	429	3	help	help	VERB
ajird-1537	429	4	in	in	ADP
ajird-1537	429	5	creating	create	VERB
ajird-1537	429	6	frameworks	framework	NOUN
ajird-1537	429	7	that	that	PRON
ajird-1537	429	8	encourage	encourage	VERB
ajird-1537	429	9	ethical	ethical	ADJ
ajird-1537	429	10	investment	investment	NOUN
ajird-1537	429	11	practices	practice	NOUN
ajird-1537	429	12	that	that	PRON
ajird-1537	429	13	can	can	AUX
ajird-1537	429	14	draw	draw	VERB
ajird-1537	429	15	socially	socially	ADV
ajird-1537	429	16	conscious	conscious	ADJ
ajird-1537	429	17	investors	investor	NOUN
ajird-1537	429	18	and	and	CCONJ
ajird-1537	429	19	bolster	bolster	VERB
ajird-1537	429	20	market	market	NOUN
ajird-1537	429	21	confidence	confidence	NOUN
ajird-1537	429	22	.	.	PUNCT
ajird-1537	430	1	american	american	ADJ
ajird-1537	430	2	journal	journal	PROPN
ajird-1537	430	3	of	of	ADP
ajird-1537	430	4	interdisciplinary	interdisciplinary	ADJ
ajird-1537	430	5	research	research	NOUN
ajird-1537	430	6	and	and	CCONJ
ajird-1537	430	7	development	development	NOUN
ajird-1537	430	8	issn	issn	PROPN
ajird-1537	430	9	online	online	NOUN
ajird-1537	430	10	:	:	PUNCT
ajird-1537	430	11	2771	2771	NUM
ajird-1537	430	12	-	-	SYM
ajird-1537	430	13	8948	8948	NUM
ajird-1537	430	14	website	website	NOUN
ajird-1537	430	15	:	:	PUNCT
ajird-1537	430	16	www.ajird.journalspark.org	www.ajird.journalspark.org	ADJ
ajird-1537	430	17	volume	volume	NOUN
ajird-1537	430	18	39	39	NUM
ajird-1537	430	19	,	,	PUNCT
ajird-1537	430	20	april	april	PROPN
ajird-1537	430	21	2025	2025	NUM
ajird-1537	430	22	85	85	NUM
ajird-1537	431	1	|	|	ADV
ajird-1537	431	2	p	p	NOUN
ajird-1537	431	3	a	a	DET
ajird-1537	431	4	g	g	NOUN
ajird-1537	431	5	e	e	NOUN
ajird-1537	431	6	references	reference	NOUN
ajird-1537	431	7	1	1	NUM
ajird-1537	432	1	.	.	PUNCT
ajird-1537	432	2	allen	allen	PROPN
ajird-1537	432	3	,	,	PUNCT
ajird-1537	432	4	f.	f.	PROPN
ajird-1537	432	5	,	,	PUNCT
ajird-1537	432	6	&	&	CCONJ
ajird-1537	432	7	gale	gale	PROPN
ajird-1537	432	8	,	,	PUNCT
ajird-1537	432	9	d.	d.	PROPN
ajird-1537	432	10	(	(	PUNCT
ajird-1537	432	11	2007	2007	NUM
ajird-1537	432	12	)	)	PUNCT
ajird-1537	432	13	.	.	PUNCT
ajird-1537	433	1	understanding	understand	VERB
ajird-1537	433	2	financial	financial	ADJ
ajird-1537	433	3	crises	crisis	NOUN
ajird-1537	433	4	.	.	PUNCT
ajird-1537	434	1	oxford	oxford	PROPN
ajird-1537	434	2	university	university	PROPN
ajird-1537	434	3	press	press	NOUN
ajird-1537	434	4	.	.	PUNCT
ajird-1537	435	1	2	2	X
ajird-1537	435	2	.	.	X
ajird-1537	435	3	baker	baker	PROPN
ajird-1537	435	4	,	,	PUNCT
ajird-1537	435	5	h.	h.	PROPN
ajird-1537	435	6	k.	k.	PROPN
ajird-1537	435	7	,	,	PUNCT
ajird-1537	435	8	&	&	CCONJ
ajird-1537	435	9	ricciardi	ricciardi	PROPN
ajird-1537	435	10	,	,	PUNCT
ajird-1537	435	11	v.	v.	PROPN
ajird-1537	435	12	(	(	PUNCT
ajird-1537	435	13	2014	2014	NUM
ajird-1537	435	14	)	)	PUNCT
ajird-1537	435	15	.	.	PUNCT
ajird-1537	436	1	investor	investor	NOUN
ajird-1537	436	2	behavior	behavior	NOUN
ajird-1537	436	3	:	:	PUNCT
ajird-1537	436	4	the	the	DET
ajird-1537	436	5	psychology	psychology	NOUN
ajird-1537	436	6	of	of	ADP
ajird-1537	436	7	financial	financial	ADJ
ajird-1537	436	8	planning	planning	NOUN
ajird-1537	436	9	and	and	CCONJ
ajird-1537	436	10	investing	investing	NOUN
ajird-1537	436	11	.	.	PUNCT
ajird-1537	437	1	wiley	wiley	PROPN
ajird-1537	437	2	.	.	PUNCT
ajird-1537	438	1	3	3	X
ajird-1537	438	2	.	.	X
ajird-1537	438	3	bank	bank	PROPN
ajird-1537	438	4	of	of	ADP
ajird-1537	438	5	england	england	PROPN
ajird-1537	438	6	.	.	PUNCT
ajird-1537	439	1	(	(	PUNCT
ajird-1537	439	2	2023	2023	NUM
ajird-1537	439	3	)	)	PUNCT
ajird-1537	439	4	.	.	PUNCT
ajird-1537	440	1	the	the	DET
ajird-1537	440	2	uk	uk	PROPN
ajird-1537	440	3	financial	financial	ADJ
ajird-1537	440	4	system	system	NOUN
ajird-1537	440	5	:	:	PUNCT
ajird-1537	440	6	structure	structure	NOUN
ajird-1537	440	7	and	and	CCONJ
ajird-1537	440	8	stability	stability	NOUN
ajird-1537	440	9	.	.	PUNCT
ajird-1537	441	1	retrieved	retrieve	VERB
ajird-1537	441	2	from	from	ADP
ajird-1537	441	3	https://www.bankofengland.co.uk	https://www.bankofengland.co.uk	PROPN
ajird-1537	441	4	4	4	NUM
ajird-1537	441	5	.	.	PUNCT
ajird-1537	441	6	bank	bank	PROPN
ajird-1537	441	7	for	for	ADP
ajird-1537	441	8	international	international	ADJ
ajird-1537	441	9	settlements	settlement	NOUN
ajird-1537	441	10	.	.	PUNCT
ajird-1537	442	1	(	(	PUNCT
ajird-1537	442	2	2022	2022	NUM
ajird-1537	442	3	)	)	PUNCT
ajird-1537	442	4	.	.	PUNCT
ajird-1537	443	1	bis	bis	PROPN
ajird-1537	443	2	quarterly	quarterly	ADJ
ajird-1537	443	3	review	review	NOUN
ajird-1537	443	4	.	.	PUNCT
ajird-1537	444	1	retrieved	retrieve	VERB
ajird-1537	444	2	from	from	ADP
ajird-1537	444	3	bis	bis	ADJ
ajird-1537	444	4	5	5	NUM
ajird-1537	444	5	.	.	PUNCT
ajird-1537	444	6	central	central	PROPN
ajird-1537	444	7	bank	bank	PROPN
ajird-1537	444	8	of	of	ADP
ajird-1537	444	9	nigeria	nigeria	PROPN
ajird-1537	444	10	.	.	PUNCT
ajird-1537	445	1	(	(	PUNCT
ajird-1537	445	2	2022	2022	NUM
ajird-1537	445	3	)	)	PUNCT
ajird-1537	445	4	.	.	PUNCT
ajird-1537	446	1	annual	annual	ADJ
ajird-1537	446	2	report	report	NOUN
ajird-1537	446	3	.	.	PUNCT
ajird-1537	447	1	retrieved	retrieve	VERB
ajird-1537	447	2	from	from	ADP
ajird-1537	447	3	cbn	cbn	PROPN
ajird-1537	447	4	6	6	NUM
ajird-1537	447	5	.	.	PUNCT
ajird-1537	448	1	central	central	PROPN
ajird-1537	448	2	bank	bank	PROPN
ajird-1537	448	3	of	of	ADP
ajird-1537	448	4	nigeria	nigeria	PROPN
ajird-1537	448	5	.	.	PUNCT
ajird-1537	449	1	(	(	PUNCT
ajird-1537	449	2	2022	2022	NUM
ajird-1537	449	3	)	)	PUNCT
ajird-1537	449	4	.	.	PUNCT
ajird-1537	450	1	financial	financial	ADJ
ajird-1537	450	2	stability	stability	NOUN
ajird-1537	450	3	report	report	NOUN
ajird-1537	450	4	.	.	PUNCT
ajird-1537	451	1	retrieved	retrieve	VERB
ajird-1537	451	2	from	from	ADP
ajird-1537	451	3	https://www.cbn.gov.ng	https://www.cbn.gov.ng	NOUN
ajird-1537	451	4	7	7	NUM
ajird-1537	451	5	.	.	PUNCT
ajird-1537	451	6	financial	financial	ADJ
ajird-1537	451	7	conduct	conduct	NOUN
ajird-1537	451	8	authority	authority	NOUN
ajird-1537	451	9	.	.	PUNCT
ajird-1537	452	1	(	(	PUNCT
ajird-1537	452	2	2023	2023	NUM
ajird-1537	452	3	)	)	PUNCT
ajird-1537	452	4	.	.	PUNCT
ajird-1537	453	1	annual	annual	ADJ
ajird-1537	453	2	report	report	NOUN
ajird-1537	453	3	.	.	PUNCT
ajird-1537	454	1	retrieved	retrieve	VERB
ajird-1537	454	2	from	from	ADP
ajird-1537	454	3	https://www.fca.org.uk	https://www.fca.org.uk	PROPN
ajird-1537	454	4	8	8	NUM
ajird-1537	454	5	.	.	PUNCT
ajird-1537	454	6	financial	financial	ADJ
ajird-1537	454	7	services	services	PROPN
ajird-1537	454	8	agency	agency	PROPN
ajird-1537	454	9	,	,	PUNCT
ajird-1537	454	10	japan	japan	PROPN
ajird-1537	454	11	.	.	PUNCT
ajird-1537	455	1	(	(	PUNCT
ajird-1537	455	2	2023	2023	NUM
ajird-1537	455	3	)	)	PUNCT
ajird-1537	455	4	.	.	PUNCT
ajird-1537	456	1	overview	overview	NOUN
ajird-1537	456	2	of	of	ADP
ajird-1537	456	3	financial	financial	ADJ
ajird-1537	456	4	regulations	regulation	NOUN
ajird-1537	456	5	in	in	ADP
ajird-1537	456	6	japan	japan	PROPN
ajird-1537	456	7	.	.	PUNCT
ajird-1537	457	1	retrieved	retrieve	VERB
ajird-1537	457	2	from	from	ADP
ajird-1537	457	3	https://www.fsa.go.jp	https://www.fsa.go.jp	PROPN
ajird-1537	457	4	9	9	NUM
ajird-1537	457	5	.	.	PUNCT
ajird-1537	457	6	financial	financial	ADJ
ajird-1537	457	7	times	time	NOUN
ajird-1537	457	8	.	.	PUNCT
ajird-1537	458	1	(	(	PUNCT
ajird-1537	458	2	2023	2023	NUM
ajird-1537	458	3	)	)	PUNCT
ajird-1537	458	4	.	.	PUNCT
ajird-1537	459	1	world	world	NOUN
ajird-1537	459	2	stock	stock	NOUN
ajird-1537	459	3	exchanges	exchange	NOUN
ajird-1537	459	4	:	:	PUNCT
ajird-1537	459	5	market	market	NOUN
ajird-1537	459	6	capitalization	capitalization	NOUN
ajird-1537	459	7	data	datum	NOUN
ajird-1537	459	8	.	.	PUNCT
ajird-1537	460	1	retrieved	retrieve	VERB
ajird-1537	460	2	from	from	ADP
ajird-1537	460	3	financial	financial	ADJ
ajird-1537	460	4	times	time	NOUN
ajird-1537	460	5	10	10	NUM
ajird-1537	460	6	.	.	PUNCT
ajird-1537	461	1	international	international	ADJ
ajird-1537	461	2	monetary	monetary	ADJ
ajird-1537	461	3	fund	fund	NOUN
ajird-1537	461	4	.	.	PUNCT
ajird-1537	462	1	(	(	PUNCT
ajird-1537	462	2	2023	2023	NUM
ajird-1537	462	3	)	)	PUNCT
ajird-1537	462	4	.	.	PUNCT
ajird-1537	463	1	global	global	ADJ
ajird-1537	463	2	financial	financial	ADJ
ajird-1537	463	3	stability	stability	NOUN
ajird-1537	463	4	report	report	NOUN
ajird-1537	463	5	.	.	PUNCT
ajird-1537	464	1	retrieved	retrieve	VERB
ajird-1537	464	2	from	from	ADP
ajird-1537	464	3	https://www.imf.org	https://www.imf.org	ADJ
ajird-1537	464	4	11	11	NUM
ajird-1537	464	5	.	.	PUNCT
ajird-1537	465	1	international	international	ADJ
ajird-1537	465	2	monetary	monetary	ADJ
ajird-1537	465	3	fund	fund	NOUN
ajird-1537	465	4	.	.	PUNCT
ajird-1537	466	1	(	(	PUNCT
ajird-1537	466	2	2023	2023	NUM
ajird-1537	466	3	)	)	PUNCT
ajird-1537	466	4	.	.	PUNCT
ajird-1537	467	1	world	world	PROPN
ajird-1537	467	2	economic	economic	ADJ
ajird-1537	467	3	outlook	outlook	NOUN
ajird-1537	467	4	:	:	PUNCT
ajird-1537	467	5	countering	counter	VERB
ajird-1537	467	6	the	the	DET
ajird-1537	467	7	costof	costof	NOUN
ajird-1537	467	8	-	-	PUNCT
ajird-1537	467	9	living	live	VERB
ajird-1537	467	10	crisis	crisis	NOUN
ajird-1537	467	11	.	.	PUNCT
ajird-1537	468	1	retrieved	retrieve	VERB
ajird-1537	468	2	from	from	ADP
ajird-1537	468	3	imf	imf	PROPN
ajird-1537	468	4	12	12	NUM
ajird-1537	468	5	.	.	PUNCT
ajird-1537	469	1	kpmg	kpmg	PROPN
ajird-1537	469	2	.	.	PUNCT
ajird-1537	470	1	(	(	PUNCT
ajird-1537	470	2	2022	2022	NUM
ajird-1537	470	3	)	)	PUNCT
ajird-1537	470	4	.	.	PUNCT
ajird-1537	471	1	the	the	DET
ajird-1537	471	2	future	future	NOUN
ajird-1537	471	3	of	of	ADP
ajird-1537	471	4	fintech	fintech	NOUN
ajird-1537	471	5	in	in	ADP
ajird-1537	471	6	nigeria	nigeria	PROPN
ajird-1537	471	7	.	.	PUNCT
ajird-1537	472	1	retrieved	retrieve	VERB
ajird-1537	472	2	from	from	ADP
ajird-1537	472	3	https://home.kpmg/ng/en/home/insights/2022/05/the-future-of-fintech-innigeria.html	https://home.kpmg/ng/en/home/insights/2022/05/the-future-of-fintech-innigeria.html	PROPN
ajird-1537	472	4	13	13	NUM
ajird-1537	472	5	.	.	PUNCT
ajird-1537	473	1	london	london	PROPN
ajird-1537	473	2	stock	stock	PROPN
ajird-1537	473	3	exchange	exchange	PROPN
ajird-1537	473	4	group	group	NOUN
ajird-1537	473	5	.	.	PUNCT
ajird-1537	474	1	(	(	PUNCT
ajird-1537	474	2	2023	2023	NUM
ajird-1537	474	3	)	)	PUNCT
ajird-1537	474	4	.	.	PUNCT
ajird-1537	475	1	market	market	NOUN
ajird-1537	475	2	data	datum	NOUN
ajird-1537	475	3	.	.	PUNCT
ajird-1537	476	1	retrieved	retrieve	VERB
ajird-1537	476	2	from	from	ADP
ajird-1537	476	3	lse	lse	PROPN
ajird-1537	476	4	14	14	NUM
ajird-1537	476	5	.	.	PUNCT
ajird-1537	477	1	new	new	PROPN
ajird-1537	477	2	york	york	PROPN
ajird-1537	477	3	stock	stock	PROPN
ajird-1537	477	4	exchange	exchange	PROPN
ajird-1537	477	5	.	.	PUNCT
ajird-1537	478	1	(	(	PUNCT
ajird-1537	478	2	2023	2023	NUM
ajird-1537	478	3	)	)	PUNCT
ajird-1537	478	4	.	.	PUNCT
ajird-1537	479	1	market	market	NOUN
ajird-1537	479	2	overview	overview	NOUN
ajird-1537	479	3	.	.	PUNCT
ajird-1537	480	1	retrieved	retrieve	VERB
ajird-1537	480	2	from	from	ADP
ajird-1537	480	3	https://www.nyse.com	https://www.nyse.com	NOUN
ajird-1537	480	4	15	15	NUM
ajird-1537	480	5	.	.	PUNCT
ajird-1537	481	1	new	new	PROPN
ajird-1537	481	2	york	york	PROPN
ajird-1537	481	3	stock	stock	PROPN
ajird-1537	481	4	exchange	exchange	PROPN
ajird-1537	481	5	.	.	PUNCT
ajird-1537	482	1	(	(	PUNCT
ajird-1537	482	2	2023	2023	NUM
ajird-1537	482	3	)	)	PUNCT
ajird-1537	482	4	.	.	PUNCT
ajird-1537	483	1	market	market	NOUN
ajird-1537	483	2	statistics	statistic	NOUN
ajird-1537	483	3	.	.	PUNCT
ajird-1537	484	1	retrieved	retrieve	VERB
ajird-1537	484	2	from	from	ADP
ajird-1537	484	3	nyse	nyse	PROPN
ajird-1537	484	4	16	16	NUM
ajird-1537	484	5	.	.	PUNCT
ajird-1537	485	1	oecd	oecd	PROPN
ajird-1537	485	2	.	.	PUNCT
ajird-1537	486	1	(	(	PUNCT
ajird-1537	486	2	2023	2023	NUM
ajird-1537	486	3	)	)	PUNCT
ajird-1537	486	4	.	.	PUNCT
ajird-1537	487	1	financial	financial	ADJ
ajird-1537	487	2	markets	market	NOUN
ajird-1537	487	3	trends	trend	NOUN
ajird-1537	487	4	.	.	PUNCT
ajird-1537	488	1	retrieved	retrieve	VERB
ajird-1537	488	2	from	from	ADP
ajird-1537	488	3	https://www.oecd.org	https://www.oecd.org	NUM
ajird-1537	488	4	17	17	NUM
ajird-1537	488	5	.	.	PUNCT
ajird-1537	489	1	organization	organization	NOUN
ajird-1537	489	2	for	for	ADP
ajird-1537	489	3	economic	economic	ADJ
ajird-1537	489	4	cooperation	cooperation	NOUN
ajird-1537	489	5	and	and	CCONJ
ajird-1537	489	6	development	development	NOUN
ajird-1537	489	7	(	(	PUNCT
ajird-1537	489	8	oecd	oecd	PROPN
ajird-1537	489	9	)	)	PUNCT
ajird-1537	489	10	.	.	PUNCT
ajird-1537	490	1	(	(	PUNCT
ajird-1537	490	2	2023	2023	NUM
ajird-1537	490	3	)	)	PUNCT
ajird-1537	490	4	.	.	PUNCT
ajird-1537	491	1	economic	economic	ADJ
ajird-1537	491	2	outlook	outlook	NOUN
ajird-1537	491	3	.	.	PUNCT
ajird-1537	492	1	retrieved	retrieve	VERB
ajird-1537	492	2	from	from	ADP
ajird-1537	492	3	oecd	oecd	PROPN
ajird-1537	492	4	18	18	NUM
ajird-1537	492	5	.	.	PUNCT
ajird-1537	493	1	tokyo	tokyo	PROPN
ajird-1537	493	2	stock	stock	NOUN
ajird-1537	493	3	exchange	exchange	NOUN
ajird-1537	493	4	.	.	PUNCT
ajird-1537	494	1	(	(	PUNCT
ajird-1537	494	2	2023	2023	NUM
ajird-1537	494	3	)	)	PUNCT
ajird-1537	494	4	.	.	PUNCT
ajird-1537	495	1	market	market	NOUN
ajird-1537	495	2	data	datum	NOUN
ajird-1537	495	3	.	.	PUNCT
ajird-1537	496	1	retrieved	retrieve	VERB
ajird-1537	496	2	from	from	ADP
ajird-1537	496	3	[	[	X
ajird-1537	496	4	https://www.jpx.co.jp/english	https://www.jpx.co.jp/english	PROPN
ajird-1537	496	5	19	19	NUM
ajird-1537	496	6	.	.	PUNCT
ajird-1537	497	1	tokyo	tokyo	PROPN
ajird-1537	497	2	stock	stock	NOUN
ajird-1537	497	3	exchange	exchange	NOUN
ajird-1537	497	4	.	.	PUNCT
ajird-1537	498	1	(	(	PUNCT
ajird-1537	498	2	2023	2023	NUM
ajird-1537	498	3	)	)	PUNCT
ajird-1537	498	4	.	.	PUNCT
ajird-1537	499	1	market	market	NOUN
ajird-1537	499	2	data	datum	NOUN
ajird-1537	499	3	and	and	CCONJ
ajird-1537	499	4	information	information	NOUN
ajird-1537	499	5	.	.	PUNCT
ajird-1537	500	1	retrieved	retrieve	VERB
ajird-1537	500	2	from	from	ADP
ajird-1537	500	3	tse	tse	PROPN
ajird-1537	500	4	20	20	NUM
ajird-1537	500	5	.	.	PUNCT
ajird-1537	501	1	world	world	PROPN
ajird-1537	501	2	bank	bank	PROPN
ajird-1537	501	3	.	.	PUNCT
ajird-1537	502	1	(	(	PUNCT
ajird-1537	502	2	2023	2023	NUM
ajird-1537	502	3	)	)	PUNCT
ajird-1537	502	4	.	.	PUNCT
ajird-1537	503	1	financial	financial	ADJ
ajird-1537	503	2	inclusion	inclusion	NOUN
ajird-1537	503	3	and	and	CCONJ
ajird-1537	503	4	development	development	NOUN
ajird-1537	503	5	in	in	ADP
ajird-1537	503	6	nigeria	nigeria	PROPN
ajird-1537	503	7	.	.	PUNCT
ajird-1537	504	1	retrieved	retrieve	VERB
ajird-1537	504	2	from	from	ADP
ajird-1537	504	3	[	[	X
ajird-1537	504	4	https://www.worldbank.org	https://www.worldbank.org	PROPN
ajird-1537	504	5	21	21	NUM
ajird-1537	504	6	.	.	PUNCT
ajird-1537	505	1	world	world	PROPN
ajird-1537	505	2	economic	economic	PROPN
ajird-1537	505	3	forum	forum	PROPN
ajird-1537	505	4	.	.	PUNCT
ajird-1537	506	1	(	(	PUNCT
ajird-1537	506	2	2023	2023	NUM
ajird-1537	506	3	)	)	PUNCT
ajird-1537	506	4	.	.	PUNCT
ajird-1537	507	1	the	the	DET
ajird-1537	507	2	global	global	ADJ
ajird-1537	507	3	competitiveness	competitiveness	NOUN
ajird-1537	507	4	report	report	NOUN
ajird-1537	507	5	.	.	PUNCT
ajird-1537	508	1	retrieved	retrieve	VERB
ajird-1537	508	2	from	from	ADP
ajird-1537	508	3	https://www.weforum.org	https://www.weforum.org	PROPN
ajird-1537	508	4	22	22	NUM
ajird-1537	508	5	.	.	PUNCT
ajird-1537	509	1	world	world	PROPN
ajird-1537	509	2	bank	bank	PROPN
ajird-1537	509	3	.	.	PUNCT
ajird-1537	510	1	(	(	PUNCT
ajird-1537	510	2	2023	2023	NUM
ajird-1537	510	3	)	)	PUNCT
ajird-1537	510	4	.	.	PUNCT
ajird-1537	511	1	global	global	ADJ
ajird-1537	511	2	financial	financial	PROPN
ajird-1537	511	3	development	development	PROPN
ajird-1537	511	4	report	report	NOUN
ajird-1537	511	5	2022	2022	NUM
ajird-1537	511	6	-	-	SYM
ajird-1537	511	7	23	23	NUM
ajird-1537	511	8	:	:	PUNCT
ajird-1537	511	9	financial	financial	ADJ
ajird-1537	511	10	inclusion	inclusion	NOUN
ajird-1537	511	11	.	.	PUNCT
ajird-1537	512	1	retrieved	retrieve	VERB
ajird-1537	512	2	from	from	ADP
ajird-1537	512	3	world	world	PROPN
ajird-1537	512	4	bank	bank	PROPN
ajird-1537	512	5	23	23	NUM
ajird-1537	512	6	.	.	PUNCT
ajird-1537	513	1	zhang	zhang	PROPN
ajird-1537	513	2	,	,	PUNCT
ajird-1537	513	3	y.	y.	PROPN
ajird-1537	513	4	,	,	PUNCT
ajird-1537	513	5	&	&	CCONJ
ajird-1537	513	6	xie	xie	PROPN
ajird-1537	513	7	,	,	PUNCT
ajird-1537	513	8	x.	x.	NOUN
ajird-1537	513	9	(	(	PUNCT
ajird-1537	513	10	2021	2021	NUM
ajird-1537	513	11	)	)	PUNCT
ajird-1537	513	12	.	.	PUNCT
ajird-1537	514	1	the	the	DET
ajird-1537	514	2	impact	impact	NOUN
ajird-1537	514	3	of	of	ADP
ajird-1537	514	4	fintech	fintech	NOUN
ajird-1537	514	5	on	on	ADP
ajird-1537	514	6	the	the	DET
ajird-1537	514	7	banking	banking	NOUN
ajird-1537	514	8	sector	sector	NOUN
ajird-1537	514	9	in	in	ADP
ajird-1537	514	10	japan	japan	PROPN
ajird-1537	514	11	.	.	PUNCT
ajird-1537	515	1	asian	asian	ADJ
ajird-1537	515	2	economic	economic	ADJ
ajird-1537	515	3	policy	policy	NOUN
ajird-1537	515	4	review	review	NOUN
ajird-1537	515	5	,	,	PUNCT
ajird-1537	515	6	16(2	16(2	NUM
ajird-1537	515	7	)	)	PUNCT
ajird-1537	515	8	,	,	PUNCT
ajird-1537	515	9	203	203	NUM
ajird-1537	515	10	-	-	SYM
ajird-1537	515	11	221	221	NUM
ajird-1537	515	12	.	.	PUNCT
ajird-1537	516	1	doi:10.1111	doi:10.1111	PROPN
ajird-1537	516	2	/	/	SYM
ajird-1537	516	3	aepr.12267	aepr.12267	PROPN
ajird-1537	516	4	.	.	PUNCT
ajird-1537	516	5	https://www.bankofengland.co.uk/	https://www.bankofengland.co.uk/	NOUN
ajird-1537	516	6	https://www.cbn.gov.ng/	https://www.cbn.gov.ng/	PROPN
ajird-1537	516	7	https://www.cbn.gov.ng/	https://www.cbn.gov.ng/	PROPN
ajird-1537	516	8	https://www.fca.org.uk/	https://www.fca.org.uk/	PROPN
ajird-1537	516	9	https://www.londonstockexchange.com/	https://www.londonstockexchange.com/	NOUN
ajird-1537	516	10	https://www.nyse.com/	https://www.nyse.com/	NOUN
ajird-1537	516	11	https://www.worldbank.org/en/publication/gfd	https://www.worldbank.org/en/publication/gfd	PROPN