Global financial markets

In recent decades, global financial markets have been widely developed and is currently playing a leading role in the functioning of the international economic system. Among the trends in global financial markets are the following: globalization, internationalization, institutionalization, dizintermidatsiyu, increased international competition, integration, convergence, information technology, computerization, and the concentration of world markets.


- Globalization global financial markets is reflected in an increase in its share in the lending and borrowing transactions by residents of different countries.

- Internationalization of global financial markets is that the wide diversification of the activity of the world economy on the countries and regions to identify their nationality.

- The integration of global financial markets is one of the most significant trends in global financial markets. Integration processes have increased the mobility of capital and lower transaction costs.

- Convergence of global financial markets - a process similar to the integration is a gradual blurring of the boundaries between sectors of the international financial market.

- The most important trend of the late 90's. Twentieth century was the quantitative and qualitative growth of institutional investors. The institutionalization of global financial markets is reflected in strengthening the role of insurance companies, pension and mutual funds and investment companies.

- Another notable trend global financial markets, which has had a significant importance on the integration processes in banking, was dizintermidatsiya (Disintermediation; «wash-house"), - there is an exception of financial intermediaries (brokers, banks) from transactions between borrowers and lenders or buyers and sellers in the financial markets, allowing both sides to reduce their financial transaction costs, refusing payment of commissions and other fees. Under the influence of competition and dizintermidatsii MFR banks are deeply embedded in the sphere of financial and commodity organizations, forming the stock of a company using new financial instruments and technologies for the management of portfolios of securities.

- Increased international competition is also reflected in its growth among the subjects of MFR, are residents of different countries. Increased competition in the last twenty years of global companies and financial institutions led, on the one hand, to improve the functioning of MPR, and, on the other hand, to increase the requirements for financial institutions in terms of cost effectiveness.

- Increasing competition to some extent affected the concentration of MPR, which is typical for all members of MPR and especially for banks. Concentration occurs through mergers and acquisitions, these transactions become supranational.

- Computerization and computerization are the major trends in the development of MFR, since all of its activities at present carried out by means of computer and information technologies. Participants in global financial markets make decisions based on complex computer modeling, statistical analysis of the vast array of data, the application of mathematical and statistical simulations and neyronovyh forecasting systems.