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In the Spotlight of the Financial Globalization

Author

Listed:
  • Lupu Iulia

    (“Victor Slãvescu” Centre for Financial and Monetary Research, Romanian Academy)

  • Criste Adina

    (“Victor Slãvescu” Centre for Financial and Monetary Research, Romanian Academy)

Abstract

The financial globalization, driven by different forces, brings some potential benefits, and at the same time may generate important risks. The main actors - financial markets, international financial organizations and states have been concerned about the development of globalization in the recent decades. The innovations and the technological changes in the financial system have encouraged the financial integration of markets in a globalized context. Although the exposure of the national financial markets to crises and contagion increases, the studies show that the net effect of the financial globalization remains positive. The challenge is to accomplish the integration process into the international financial system so as to obtain the maximum amount of benefits and opportunities, while the risk is minimized, being that the instruments available for the governments become more limited.

Suggested Citation

  • Lupu Iulia & Criste Adina, 2013. "In the Spotlight of the Financial Globalization," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 59-62, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:59-62
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    Keywords

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    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance

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