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Modern Features of Financial Globalization

Author

Listed:
  • Fetiniuc Valentina

    (International Institute of Management IMI-NOVA)

  • Luchian Ivan

    (International Institute of Management IMI-NOVA)

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.

Suggested Citation

  • Fetiniuc Valentina & Luchian Ivan, 2013. "Modern Features of Financial Globalization," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(1), pages 117-128.
    • Handle: RePEc:pet:annals:v:13:y:2013:i:1:p:117-128
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    References listed on IDEAS

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    3. Arestis, Philip & Basu, Santonu, 2004. "Financial globalisation and regulation," Research in International Business and Finance, Elsevier, vol. 18(2), pages 129-140, June.
    4. Sergio L. Schmukler, 2004. "Financial globalization: gain and pain for developing countries," Economic Review, Federal Reserve Bank of Atlanta, vol. 89(Q 2), pages 39-66.
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    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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