IDEAS home Printed from https://ideas.repec.org/a/eip/journl/y2014i1p145-159.html
   My bibliography  Save this article

The impact of financial globalization on the development of a national economy

Author

Listed:
  • O. Shpeniuk

Abstract

The purpose of this paper is to identify main benefits and risks of financial globalization for the economies of developing countries. The article studies the specificity and features of globalization in the light of the recent financial crisis, and distinguishes a factor and conditional approach to determine the consequences of their impact on the national economy. Special attention is paid to the risks arising from the intensification of capital flows for the countries with insufficiently effective regulatory system, weak macroeconomic environment and low activity of market institutions. The main research methods are: scientific abstraction, analysis and synthesis, the method of statistical comparisons. While comparing indicators of financial integration in low- and middle-income countries, the author points out to relatively high integration of Ukraine in the global financial sector, and identifies a number of factors limiting the opportunities of getting potential benefits of financial globalization in Ukraine.

Suggested Citation

  • O. Shpeniuk, 2014. "The impact of financial globalization on the development of a national economy," Economy and Forecasting, Valeriy Heyets, issue 1, pages 145-159.
  • Handle: RePEc:eip:journl:y:2014:i:1:p:145-159
    as

    Download full text from publisher

    File URL: http://eip.org.ua/docs/EP_14_1_145_uk.pdf
    Download Restriction: no

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eip:journl:y:2014:i:1:p:145-159. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Iryna Bazhal). General contact details of provider: http://eip.org.ua/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.