ACTUAL PROBLEMS OF STOCK MARKET GLOBALIZATION FROM THE POSITION OF INSTITUTIONALISM

Abstract

The problems of stock markets globalization using theoretical approaches and institutionalism tools have been investigated. The following problems have been identified: unlimited volume of stock information, which complicates the decision-making process; the possibility of including local stock institutions in global trading networks; the impact of transaction costs on the volatility of market prices for financial instruments; limited access of small and medium-sized businesses to global stock markets. It has been proved that the institutionalism tools and the network approach make it possible to form a more realistic architecture of the global stock market, to define and comprehensively analyze the relationship between elements of the traditional infrastructure.