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Modern Features of Financial Globalization

Author

Listed:
  • Fetiniuc Valentina

    (International Institute of Management IMI-NOVA)

  • Luchian Ivan

    (International Institute of Management IMI-NOVA)

Abstract

Nowadays, financial globalization as latest stage of financial internationalization process becomes to be the most discussed subject by economic scientists. It has many forms of manifestation and directions of development. One of the main features of financial globalization is increasing the role of the financial sector, linked with the expansion of the scope and complexity of foreign economic relations. The financial system has increasingly become a means of redistribution of financial resources in accordance with the needs and possibilities of development of production not only at national but also at the global level. In this work are presented modern views on financial globalization under aspect of concepts, trends, effects and perspectives.

Suggested Citation

  • Fetiniuc Valentina & Luchian Ivan, 2013. "Modern Features of Financial Globalization," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(1), pages 117-128.
    • Handle: RePEc:pet:annals:v:13:y:2013:i:1:p:117-128
    as

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    References listed on IDEAS

    as
    1. Már Gudmundsson, 2008. "Financial globalisation: key trends and implications for the transmission mechanism of monetary policy," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial market developments and their implications for monetary policy, volume 39, pages 7-29, Bank for International Settlements.
    2. Arestis, Philip & Basu, Santonu, 2004. "Financial globalisation and regulation," Research in International Business and Finance, Elsevier, vol. 18(2), pages 129-140, June.
    3. Mr. Ayhan Kose & Mr. Kenneth Rogoff & Mr. Eswar S Prasad & Shang-Jin Wei, 2003. "Effects of Financial Globalization on Developing Countries: Some Empirical Evidence," IMF Occasional Papers 2003/007, International Monetary Fund.
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    More about this item

    Keywords

    Financial globalization; global financial market; world financial centres; international financial flows;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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