MAIN ESSENCE AND HISTORY OF GLOBAL FINANCIAL MARKETS
Baku State University
Abstract. Global financial markets play an essential role in the economic growth and evolution of international relations. It allows rational and efficient distribution of monetary resources between those who save and those who invest and by that it supports flow of the capital. In the recent year’s importance of financial markets has largely increased, which can be seen in the rapid change of statistics of the number and volume of market. Moreover, development of different financial instruments stimulates the growth of businesses which in the end result in positive trend of the country`s economic indexes. Considering that expansion of mobilization and redistribution instruments of financial markets has positive impact on growth of economy, this article tracks down history of establishment and main essences of global financial market, as well as changes which can be tracked throughout these years.
Keywords: global financial markets, national financial markets, economic growth, history, stock market