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Integration of Financial Markets and Economic Growth of Countries


Vladimir Malkhasyan
(about the author)

Malkhasyan Vladimir Rubenovich – Postgraduate Student, Department of Finance, Money Circulation and Credit, State University of Higher School of Economics, Moscow

Published in:
Russian Journal of Entrepreneurship
– № 6-2 / June, 2010



Keywords: economic growth, integration, internationalization, stock market


Citation:
Vladimir Malkhasyan (2010). Integration of Financial Markets and Economic Growth of Countries. Russian Journal of Entrepreneurship, 11(6), 22-29. — url: http://bgscience.ru/com/lib/2314


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Abstract:

The article examines the correlation between financial integration and economic growth. The author considers various channels of influence of integration on economic growth such as an increase in domestic savings, decrease in cost of capital due to a better global distribution of risk, transfer of technology and managerial know-how, development of local financial sector, increasing specialization and favorable economic policy.







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