Globalization and international financial centers activity

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

Annals of the University of Petrosani, Economics, 2015, vol. 15, issue 1, 137-146

Abstract: International financial centers are places of concentration banking and specialized financial institutions activities, engaged in international financial transactions. They have become elements of international market mechanisms that serve as controls global financial flows. The movement of the past carried out in the field of monetary and settlement services for the sale of goods and services, international investments, transactions with various financial instruments, foreign currency transactions. They have become points of support of financial globalization process, ensuring the normal circulation of international financial flows, and the link between local and international financial markets. This article examines the essence, the types and importance of specific territorial formations in the context of globalization.

Keywords: financial globalization; international financial center; international financial centers rating; offshore financial centers; banking financial centers (search for similar items in EconPapers)
JEL-codes: F36 F65 G15 (search for similar items in EconPapers)
Date: 2015
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