Over recent decades, there has been a steady increase in cross-border financial flows around the world. First, various financial institutions including banks and institutional investors have expanded their activities geographically. In this process, they acted as an intermediary to channel funds from lenders to borrowers across national borders. Second, the more mature securities markets have gained a clear cross-border orientation. In many instances, newly issued securities are designed and offered to the public in such a way as to maximise their appeal to international investors. (Issing, O., 2001). What is meant by globalisation of financial markets. Using evidencef rom literature, to what extent does globalisation benefit the financial sector?
Over recent decades, there has been a steady increase in cross-border financial flows around the world. First, various financial institutions including banks and institutional investors have expanded their activities geographically. In this process, they acted as an intermediary to channel funds from lenders to borrowers across national borders.
Second, the more mature securities markets have gained a clear cross-border
orientation. In many instances, newly issued securities are designed and offered to the public in such a way as to maximise their appeal to international investors. (Issing, O., 2001).
What is meant by globalisation of financial markets.
Using evidencef rom literature, to what extent does globalisation benefit the financial sector?
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