AI Summary & Key Takeaways
AI InsightThe integration of markets have created a global dimension to crises.
📌 3 Key Takeaways
Abstract
Altough there is no single definition that everybody agrees with, globalization especially after the 1990s, has become a subject which has attracted great attention. Today, the world appears as if it is a single uniform economy. The effects of globalization on financial markets have been especially powerful. In this study, both the definition of globalization and its effects on financial markets are investigated. Due to the effects of technological developments financial markets have become globalized and functioned as if they are branches of a single financial market. The reduction of regulations, an important factor that has helped create financial globalization, has made these markets vulnerable to crises. The integration of markets have created a global dimension to crises.
Özet
ÖZETÜzerinde herkesin anlaştığı bir tanımı olmamakla birlikte, küreselleşme, özellikle 1990’lardan sonra çokça konuşulan bir konudur. Dünya bugün adeta tek bir ekonomiye sahip gibidir. Özellikle finans piyasaları üzerinde küreselleşmenin etkisi çok derin olmuştur. Bu çalışmada küreselleşmenin tanımı yanında finans piyasaları üzerindeki etkisi ele alınmaktadır. Teknolojik gelişmelerin de etkisiyle finans piyasaları küreselleşmiş, adeta tek bir finans piyasasının şubeleri gibi faaliyet göstermeye başlamıştır. Finansal küreselleşmeyi doğuran diğer önemli olgu olan düzenlemelerin azaltılması bu piyasaları krize açık hale getirmiştir. Piyasalar arasındaki entegrasyon da krizlerin küresel çapta ortaya çıkmasına sebep olmuştur. Anahtar Kelimeler: Küreselleşme, Finansal Küreselleşme, Finansal Piyasalar, Kriz. JEL: E32, E44, F65GLOBALIZATION, FINANCIAL MARKETS AND CRISISABSTRACT Altough there is no single definition that everybody agrees with, globalization especially after the 1990s, has become a subject which has attracted great attention. Today, the world appears as if it is a single uniform economy. The effects of globalization on financial markets have been especially powerful. In this study, both the definition of globalization and its effects on financial markets are investigated. Due to the effects of technological developments financial markets have become globalized and functioned as if they are branches of a single financial market. The reduction of regulations, an important factor that has helped create financial globalization, has made these markets vulnerable to crises. The integration of markets have created a global dimension to crises. Key Words: Globalization, Financial Globalization, Financial Markets, Crisis.JEL: E32, E44, F65