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Contemporary Banking Systems: Challenges Of Globalization

Author

Listed:
  • MIHAI ALIN ELEODOR

    (UNIVERSITATEA DIN CRAIOVA)

  • TOMESCU-DUMITRESCU CORNELIA

    (UNIVERSITATEA CONSTANTIN BRANCUSI DIN TARGU-JIU)

Abstract

Globalization is a term used to describe how countries, people and businesses around the world are increasingly interconnected, as forces such as technology, transport, the media and global finances make it easier for commodities, services, ideas and people to pass through borders, especially traditional borders. We have found that the success of globalization is closely linked to an adequate policy mix with three main objectives: to achieve and maintain macroeconomic stability; promoting commercial opening and capital flows; and limiting government intervention in truly insufficient areas of the market and providing the necessary social and economic infrastructure.

Suggested Citation

  • Mihai Alin Eleodor & Tomescu-Dumitrescu Cornelia, 2019. "Contemporary Banking Systems: Challenges Of Globalization," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 19-29, August.
    • Handle: RePEc:cbu:jrnlec:y:2019:v:4:p:19-29
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    References listed on IDEAS

    as
    1. Leandro Pignatari Silva, 2015. "Building governance in the international financial system: Context and challenges," Brazilian Journal of Political Economy, Center of Political Economy, vol. 35(4), pages 845-858.
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