Financial globalization - from challenge to crisis

Cristi Spulbar (), Dorel Berceanu and Tatiana Spulbar
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Tatiana Spulbar: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2008, vol. 1, issue 8, 126-131

Abstract: Financial globalization doesn’t represent a new phenomenon, but the size and speed which phenomenon knows is without any precedent. The financial system becomes more efficient as a direct result of globalization and innovation, but not necessarly more capable to absorb the shocks. Concerning the regulation authorities these must stay vigilant and flexible, to elaborate, in this purpose models which have to surprise and correct the not favorable dynamic of the economic cycles.

Keywords: globalization; financial crisis; regulation; economic cycles (search for similar items in EconPapers)
JEL-codes: G00 G01 G21 G28 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2008:i:8:p:126-131

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