Contemporary Trends within the International Financial Intermediation System Evolution

Cornel Grigorut (), Catalin Popa and Filip Nistor ()

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 2, 35-39

Abstract: The financial intermediation system is positioned in the core of every recent crisis, independently of the crisis type and its propagation particularities. The main reason of this status of facts is due to its binder vocation, the international system of central and commercial banks being in the center of transaction clearing mechanisms, both in real and nominal side of economics and finance phenomenon. The authors are willing to underpin first the present particularities of the international intermediation system in relation with real economy and, second, to highlight the new centrifugal and centripetal roles of financial and monetary transactions all over the economic world, as a globalization prior value to be assumed, but into a regulated manner. The new approaches on political global level regarding the supervision standards updating are coming to confirm these hypothesis and the offer consistency to the paperwork main ideas proposed by authors.

Keywords: globalization; financial system; crises; intermediation system. (search for similar items in EconPapers)
JEL-codes: F62 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiii:y:2013:i:2:p:35-39

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