European Parliament Library

Finance & Development, March 1988

Abstract
This paper examines the policy implications of structural changes in financial markets. Domestic financial markets have become less segmented, and the major financial centers more integrated. At the same time, the structural changes in financial markets have improved efficiency by lowering intermediation costs, increasing the ability to hedge financial risks associated with currency, interest rate, and price volatility and opening up access to new sources of savings. The widespread application of computer and telecommunications technology to financial markets has permitted markets to process a significantly larger volume of transactions
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (56 p.)
Form Of Item
online
Isbn
9781463985646

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