Greater Integration of Global Financial Markets and Rising Risks

• 영문명: Greater Integration of Global Financial Markets and Rising Risks
• 발행기관: 한국무역연구원
• 저자명: Sok-Tae Kim
• 간행물 정보: 『무역연구』제7권 제2호, 293~309쪽, 전체 17쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2011.06.30

영문 초록

The objective of this study is to examine the characteristics of risks with integration of global markets more intensified and to offer measures to mitigate those risks in a more effective way. In effect, global financial markets have been tied-up so closely that financial crisis in one region can be spilled over to other regions in quite a diverse and prompt manner, making it more difficult to prevent a regional shock from becoming a devastating global crisis. Those risks frequently change their forms, easily crossing borders affecting other seemingly unrelated regions. Thus, to prevent or to mitigate those risks in a proactive way, instead of conventional measures which are independently and segmentally operated, more systematic multi-layer measures should be adopted from the global level, regional and local level perspective, including IMF reform, global based regulations on hot money flows and OTC derivatives.

목차

Abstract

Ⅰ. Introduction

Ⅱ. Greater Integration of the Global Markets and Causes of It

Ⅲ. Benefits and Risks of Integration

Ⅳ. Measures to Mitigate the Risks

Ⅴ. Summary and Conclusion

References

키워드

Market Integration Correlation Risk Management Financial Crisis