Modern Features of Financial Globalization

Fetiniuc Valentina () and Luchian Ivan ()
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Fetiniuc Valentina: International Institute of Management IMI-NOVA
Luchian Ivan: International Institute of Management IMI-NOVA

Annals of the University of Petrosani, Economics, 2013, vol. 13, issue 1, 117-128

Abstract: Nowadays, financial globalization as latest stage of financial internationalization process becomes to be the most discussed subject by economic scientists. It has many forms of manifestation and directions of development. One of the main features of financial globalization is increasing the role of the financial sector, linked with the expansion of the scope and complexity of foreign economic relations. The financial system has increasingly become a means of redistribution of financial resources in accordance with the needs and possibilities of development of production not only at national but also at the global level. In this work are presented modern views on financial globalization under aspect of concepts, trends, effects and perspectives.

Keywords: Financial globalization; global financial market; world financial centres; international financial flows (search for similar items in EconPapers)
JEL-codes: G15 (search for similar items in EconPapers)
Date: 2013
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