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Globalization and international financial centers activity

Author

Listed:
  • Valentina Fetiniuc

    (International Institute of Management IMI-NOVA, Republic of Moldova)

  • Ivan Luchian

    (International Institute of Management IMI-NOVA, Republic of Moldova)

Abstract

International financial centers are places of concentration banking and specialized financial institutions activities, engaged in international financial transactions. They have become elements of international market mechanisms that serve as controls global financial flows. The movement of the past carried out in the field of monetary and settlement services for the sale of goods and services, international investments, transactions with various financial instruments, foreign currency transactions. They have become points of support of financial globalization process, ensuring the normal circulation of international financial flows, and the link between local and international financial markets. This article examines the essence, the types and importance of specific territorial formations in the context of globalization.

Suggested Citation

  • Valentina Fetiniuc & Ivan Luchian, 2015. "Globalization and international financial centers activity," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 15(1), pages 137-146.
    • Handle: RePEc:pet:annals:v:15:y:2015:i:1:p:137-146
    as

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    References listed on IDEAS

    as
    1. René M. Stulz, 2007. "The Limits of Financial Globalization," Journal of Applied Corporate Finance, Morgan Stanley, vol. 19(1), pages 8-15, January.
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    More about this item

    Keywords

    financial globalization; international financial center; international financial centers rating; offshore financial centers; banking financial centers;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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