Globalisation and financial markets size limits

Credit risk management aspects

    Research output: Contribution to journalArticle

    Abstract

    The paper presents a macroeconomic view on financial assets market integration. In process of globalization the cost of international transactions provides certain advantage for large markets. Real financial trends are different from theoretical assumptions. Intermediaries are more aggressive to use risky instruments with advantages of wide risk diversification at lower cost. The price of financial assets became higher as the size of assets markets became larger. The globalization impact is more essential for financial markets of advanced countries, not to less developed economies The impact of financial globalization on growth of the size of financial markets promotes the cross-country disbalance and leads the financial crises.
    Original languageEnglish
    Pages (from-to)52-58
    JournalIntelektinė ekonomika
    Issue number2 (4)
    Publication statusPublished - 2008

    Fingerprint

    Asset markets
    Costs
    Financial assets
    Market size
    Globalization
    Credit risk management
    Financial markets
    Market integration
    Macroeconomics
    Risk diversification
    Financial globalization
    Intermediaries
    Financial crisis

    Keywords

    • Financial integration
    • Global trends
    • Risk diversification
    • Assets
    • Credit crisis
    • Market concentration
    • Systematic risk

    Cite this

    Globalisation and financial markets size limits : Credit risk management aspects. / Martinaitytė, Eugenija .

    In: Intelektinė ekonomika, No. 2 (4), 2008, p. 52-58.

    Research output: Contribution to journalArticle

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