SOME CONSIDERATIONS REGARDING THE IMPACT OF FINANCIAL GLOBALIZATION ON THE CONTEMPORARY FINANCIAL SYSTEMS
Carmen Corduneanu, Laura Raisa Miloş
Abstract
Carmen Corduneanu, Laura Raisa Miloş
Abstract
As consequence of globalization, in the past two decades, the international financial markets have become more and more interdependent. The financial globalization brought significant benefits to the national economies and to investors, but altered at the same time the structure of markets, generating new risks and challenges for the market participants and for the surveillance and regulation institutions. In this paper the authors analyze the effects of financial globalization, aiming at providing a broader image on today's financial markets, respectively of the dynamics of financial entities, of structural changes caused at their level and of the dynamics of financial instruments.
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As consequence of globalization, in the past two decades, the international financial markets have become more and more interdependent. The financial globalization brought significant benefits to the national economies and to investors, but altered at the same time the structure of markets, generating new risks and challenges for the market participants and for the surveillance and regulation institutions. In this paper the authors analyze the effects of financial globalization, aiming at providing a broader image on today's financial markets, respectively of the dynamics of financial entities, of structural changes caused at their level and of the dynamics of financial instruments.
Key concepts: Globalization, Interdependence, Financial globalization, Financial market, Indirect finance, Geography of finance, Financial market participants, Business