The Globalization of Financial Markets and the Main Actors

Oana Mionel ()
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Oana Mionel: "Dimitrie Cantemir" Christian University

Knowledge Horizons - Economics, 2013, vol. 5, issue 3, 66-68

Abstract: Globalization of capital markets describe the decline of national markets and the rise of global markets, however globalization cannot be concerned as a solely economic process; this process that signify “the buzz word”, yield changes in our way of life, our cultures, our perceptions of others and our environment – fundamental changes in technology that driven to global market innovation. But it is self-evident in the economic sphere, and singularly in the financial sector, where changes have been the most deep and impressive. The market in which residents of different countries trade assets is called the international capital market. The international capital market is not really a single market; it is a group of closely interconnected markets in which asset exchange with some international dimension take place. The main actors in the international capital market are: commercial banks, large corporations, nonbank financial institutions, central banks, and other government agencies. The international capital market’s activities take place in a network of world financial centers linked by sophisticated communications systems.

Keywords: Globalization; capital market; market innovation (search for similar items in EconPapers)
JEL-codes: F62 F63 (search for similar items in EconPapers)
Date: 2013
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