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Financial Innovation And A Globalized Financial World

Author

Listed:
  • George Horia Ionescu

    (Romanian American University)

  • Ruxandra Dana Vilag

    (Romanian American University)

Abstract

In the last 25 years, financial systems around the world have gone undergone unprecedented changes. Investors can borrow large amounts of money at cheaper rates than ever before, invest in a very large variety of sophisticated financial instruments, seeking the profits and sharing the risk with strangers from across the globe, at speed of light. Because of the globalization of financial markets throughout the world, entities in any country seeking to raise funds need not be limited to their domestic financial market. Nor are investors in a country limited to the financial assets issued in their domestic market. Globalization means the integration of financial markets throughout the world into an international financial market. Have these undoubted benefits come at a cost?

Suggested Citation

  • George Horia Ionescu & Ruxandra Dana Vilag, 2015. "Financial Innovation And A Globalized Financial World," Romanian Economic Business Review, Romanian-American University, vol. 10(2), pages 140-146, June.
    • Handle: RePEc:rau:journl:v:10:y:2015:i:2:p:140-146
    as

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