Article
English, Spanish
ID: <
oai:doaj.org/article:7531e851a7b54831b12f9e0b8cf07ad2>
·
DOI: <
10.29076/issn.2528-7737vol11iss27.2018pp52-65p>
Abstract
The article analyses the influence of financial globalisation on the stock market, from its emergence to the current era characterised by the use of new technologies in computing and telecommunications, the increased interest of investors to invest in foreign markets and the emergence of new international financial products. This work is a documentary descriptive theoretical research, using 39 sources covering the period 1995-2017. Globalisation in financial markets is linked to the development and creation of sophisticated financial products traded on different capital markets, creating interdependence through electronic transactions thanks to advances in IT, telecommunications and internet technologies that lead to more efficient processes leading to lower costs. The results obtained show the small stock exchanges that generally belong to countries on the periphery such as Ecuador have not benefited from financial globalisation. Finally, it is concluded that the Ecuadorian stock market, because it is not integrated with the markets of other countries, and because financial derivatives are not traded there, did not have any greater contagion from the international financial crisis of 2008.