| Abstract [eng] |
The object of the study is Lithuanian financial market in the global context. The study aims to conceptualize the term of globalisation and by means of economic analysis principles to identify and comprehensively assess the impact of globalisation on the Lithuanian financial market. For this purpose the author has conducted a comparative analysis of the theoretical concepts of globalisation and has conceptualized the term of globalization from the paradigmatic aspect, analyzed and systematized the dimensions of globalisation, performed the analysis of quantitative assessments of globalisation, analyzed the phenomena and the causes of globalisation of financial markets and characteristics of modern financial markets, has identified and structured the indicators defining the level of globalization of financial markets, has analyzed the theoretical aspects of the impact of globalisation on today’s financial markets as well as the results of the empirical research conducted in this area. On the basis of the identified and systematized criteria, the author has developed a theoretical model targeted to assess globalisation, the application of which has helped to conduct the empirical study and assess the impact of globalisation on the Lithuanian financial market from legal, structural, monetary, and financial aspects. The qualitative and quantitative research findings have showed that the processes of globalisation significantly affect the Lithuanian financial market; it is becoming more open not only de jure but also de facto, capital mobility increases; the Lithuanian financial market integrates into the regional EU market and global markets; the level of the Lithuanian financial market intertwining with foreign markets is rising. |
