Financial Market in the Context of Globalization: Experience of Economic and Legal Analysis

Aleksandr Baykov () and Olha Pavuk
Additional contact information
Aleksandr Baykov: Baltic International Academy, Riga, Republic of Latvia
Olha Pavuk: Baltic International Academy, Riga, Republic of Latvia
Authors registered in the RePEc Author Service: Ruslan Vladimirovich Khusainov ()

Oblik i finansi, 2017, issue 1, 120-131

Abstract: Today financial market is no longer has national character thanks to revitalization of transnational corporations, cheap labor and the development of international and supranational organizations. In relation to this important area of research, it became possible to identify patterns of modern finance market that would not only allow to substantiate the condition of financial capital but also to determine its intrinsic characteristics and forms of organization. The aim of the article is to conduct economic and legal analysis of approaches to identify the nature, characteristics and prospects of development of securities market in the context of globalization. Legal characteristics of securities that form the substance of this concept are revealed. It is discovered that in certain countries where there is no single definition of a security, its meaning can be set by transferring a number of signs contained in various norms of specific legislation. The main concepts of perception of securities are emphasized and characterized. Approaches to the classification of securities and systematized classification criteria are covered. Experience of legal regulation of securities turnover in the United Kingdom is revealed.

Keywords: security; securities market; theory of securities; national market; documentary theory of securities (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.afj.org.ua/pdf/456-rinok-finansiv-v-umo ... ravovogo-analizu.pdf (application/pdf)
http://www.afj.org.ua/en/article/456/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iaf:journl:y:2017:i:1:p:120-131

Access Statistics for this article

Oblik i finansi is currently edited by Valeriy Zhuk

More articles in Oblik i finansi from Institute of Accounting and Finance Contact information at EDIRC.
Bibliographic data for series maintained by Serhiy Ostapchuk ().