The study looked at financial strategies in Europe and Central Asia from 1985 to 2014 and how they affected financial outcomes. They found that having clear and high-quality financial strategies can improve financial depth, stability, and inclusion. However, these strategies don't seem to make banks more efficient or profitable. Overall, having good financial strategies can strengthen regulations and coordination between government and private sectors, reducing uncertainty. But, there is room for improvement in considering trade-offs between financial development and systemic risk.