出版社：University of Bucharest and Nicolae Titulescu University
摘要：The latest four decades have marked by their width, speed and radicality a true “revolution”on the financial market, a transformation and restructuring of financial services, of financialinstruments which were used, of transaction systems, but also of competitive processes. Theimportance that should be given to such transformations of financial systems is given, as well, bytheir impact, both at the micro- and at the macro- levels, on the economy as a whole.The evolutionof the European financial market at the beginning of the 21st century has followed the generaltrend of global markets. As a main tendency of financial market restructuring at the Europeanlevel we should keep in mind the fact that there was an opening towards private financingaccording to the American model, due to the necessity to attract international capital resources, aprocess which is still ongoing.The integration of the European financial markets at the beginningof the 21st century follows the general process of financial globalization which develops rapidly onseveral structures of financial systems.
关键词：financial globalization; ideal financial market; futures market and options;market; portfolio management; risk management; institutional investors; compensation facilities;trade and communication systems.
