In the Spotlight of the Financial Globalization

Iulia Lupu and Adina Criste

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 59-62

Abstract: The financial globalization, driven by different forces, brings some potential benefits, and at the same time may generate important risks. The main actors - financial markets, international financial organizations and states have been concerned about the development of globalization in the recent decades. The innovations and the technological changes in the financial system have encouraged the financial integration of markets in a globalized context. Although the exposure of the national financial markets to crises and contagion increases, the studies show that the net effect of the financial globalization remains positive. The challenge is to accomplish the integration process into the international financial system so as to obtain the maximum amount of benefits and opportunities, while the risk is minimized, being that the instruments available for the governments become more limited.

Keywords: financial globalization; crisis; financial markets (search for similar items in EconPapers)
JEL-codes: F30 F65 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:59-62

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