Spatial shifts in the global financial market regional structure
Marena Tetyana Vasylivna
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Marena Tetyana Vasylivna: Mariupol State University
Вісник Маріупольського державного університету. Сер.: Економіка, 2014, issue 7, 7-13
Abstract:
The paper considers the current state of the global financial market regional structure. Based on the calculation of spatial concentration indices the assessment of regional concentration of world capital exports and imports, allocation of global financial assets, geographic structure of stock, bond and foreign exchange markets is conducted. The changes in the regional redistribution of dominance in the global financial market are found out. It is stated that in general the global financial market remains quite concentrated geographically. Alongside it, decrease in the spatial concentration ratio is clearly seen in most areas and segments of the global financial market. The exception is the foreign exchange market, which regional structure eventually becomes more concentrated as far as foreign exchange transactions historically gravitate to the centers which traditionally provide the best organizational, economic and technical conditions for dealing operations. Factors that contribute to spatial shifts in the regional structure of global financial flows are defined.
Keywords: МИРОВОЙ ФИНАНСОВЫЙ РЫНОК; ПРОСТРАНСТВЕННАЯ (РЕГИОНАЛЬНАЯ) СТРУКТУРА; ЭКСПОРТ И ИМПОРТ КАПИТАЛА; МИРОВЫЕ ФИНАНСОВЫЕ АКТИВЫ; РЫНОК АКЦИЙ; РЫНОК ДОЛГОВЫХ ЦЕННЫХ БУМАГ; ВАЛЮТНЫЙ РЫНОК; КОЭФФИЦИЕНТ КОНЦЕНТРАЦИИ; GLOBAL FINANCIAL MARKET; SPATIAL (REGIONAL) STRUCTURE; EXPORT AND IMPORT OF CAPITAL; GLOBAL FINANCIAL ASSETS; STOCK MARKET; DEBT SECURITIES MARKET; FOREIGN EXCHANGE MARKET; CONCENTRATION RATIO (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:scn:032153:16912005
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