Publication Details
Abstract
Globalization has turned into a complex phenomenon involving all spheres of life of people and countries around the world and with benefits in all spheres of life-political, economic, social, cultural, technological, services and experiences in all aspects.
In the conditions of the free economy, the financial market functions as a specific mechanism through which the circulation of goods, services, work, technology, and information takes place. Financial markets represent one of the most important spheres of the economy of a country, through which the appropriate level of prices is determined, the production, distribution, investment and consumption of funds are directed, economic growth is ensured and the needs of producers and consumers are met. Markets are specialized places where monetary funds are transferred from surplus to deficit units and prices (quotations) of financial instruments are determined.
The financial market, as a special segment of the market as a whole, is presented in the role of the mechanism that should affect the optimal allocation of financial funds and the balancing of the supply and demand of money and accumulation. The financial market, with the help of financial instruments and intermediaries, ensures the financial-monetary balance at the local, regional and global level.