On the Changing Structure of the World Financial Markets

• Authors: Vladislav Pavlat
• Languages of publication: EN

Abstracts

EN

The paper presents selected long-term structural changes of world financial markets: 1. Shifts of location /visible in all segments/; 2. Shifts of on-exchange to OTC relation /different within sub-segments; a general tendency towards OTC/. 3. Shifts of product structure /different: for example, a growing role of futures in FD markets/. 4. growth of internationalization /all segments/. Driving forces:1. technology; 2.´financialization´ of economics; 3.regulation.

Keywords

EN

Financial markets

PL

Rynki finansowe

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2013
• Volume: 170
• Pages: 11-20

Contributors

author

Vladislav Pavlat

References

• BIS Statistics, http://www.bis.org/statistics/otcder/dt1920a.pdf.
• BIS Triennial Central Bank Survey. Foreign exchange and derivatives market activity in April 2010, September 2010, ISSN 1814-7356.
• CPSS-IOSCO issue consultative report on the recovery and resolution of financial market Infrastructures, http://www.iosco.org/news/pdf/IOSCONEWS246.pdf.
• IOMA Derivative trading: trends since 1998. Davydoff D., Naacke G., IEM Finance May 2009. http://www.world-exchanges. org/files/statistics/excel/WFE%20IOMA%20 Trends%20since%201998%20-% 20May%202009.pdf.
• IOMA/IOCA Derivatives Market Survey 2010, R. Devai, G. Naacke, May 2011, http:// www.world-exchanges. org/files/file/2010_IOMA_Survey.pdf.
• King M.R., Mallo C., A user's guide to the Triennial Central Bank Survey of foreign exchange market activity, "BIS Quarterly Review" 2010, December.
• WFE. Ten years in review (1998-2009), http://www.world-exchanges. org/statistics.
• WFE/IOMA Derivatives Market Survey 2011, R. Devai, G. Naacke, May 2012.

Identifiers

ISSN

2083-8611