id sid tid token lemma pos issue-380 1 1 baltic baltic PROPN issue-380 1 2 journal journal PROPN issue-380 1 3 of of ADP issue-380 1 4 economic economic ADJ issue-380 1 5 studies study NOUN issue-380 1 6 53 53 NUM issue-380 1 7 vol vol NOUN issue-380 1 8 . . PROPN issue-380 2 1 4 4 NUM issue-380 2 2 , , PUNCT issue-380 2 3 no no INTJ issue-380 2 4 . . NOUN issue-380 2 5 2 2 NUM issue-380 2 6 , , PUNCT issue-380 2 7 2018 2018 NUM issue-380 2 8 corresponding correspond VERB issue-380 2 9 author author NOUN issue-380 2 10 : : PUNCT issue-380 2 11 1 1 NUM issue-380 2 12 department department NOUN issue-380 2 13 finance finance NOUN issue-380 2 14 , , PUNCT issue-380 2 15 cherkasy cherkasy PROPN issue-380 2 16 state state NOUN issue-380 2 17 technological technological ADJ issue-380 2 18 university university NOUN issue-380 2 19 . . PUNCT issue-380 3 1 e e X issue-380 3 2 - - NOUN issue-380 3 3 mail mail NOUN issue-380 3 4 : : PUNCT issue-380 3 5 irynahoncharenko@gmail.com irynahoncharenko@gmail.com PROPN issue-380 3 6 2 2 NUM issue-380 3 7 department department NOUN issue-380 3 8 finance finance NOUN issue-380 3 9 , , PUNCT issue-380 3 10 cherkasy cherkasy PROPN issue-380 3 11 state state NOUN issue-380 3 12 technological technological ADJ issue-380 3 13 university university NOUN issue-380 3 14 . . PUNCT issue-380 4 1 e e X issue-380 4 2 - - NOUN issue-380 4 3 mail mail NOUN issue-380 4 4 : : PUNCT issue-380 4 5 i.servatynska@chdtu.edu.ua i.servatynska@chdtu.edu.ua PROPN issue-380 4 6 doi doi PROPN issue-380 4 7 : : PUNCT issue-380 4 8 https://doi.org/10.30525/2256-0742/2018-4-2-53-57 https://doi.org/10.30525/2256-0742/2018-4-2-53-57 VERB issue-380 4 9 financial financial ADJ issue-380 4 10 unity unity NOUN issue-380 4 11 of of ADP issue-380 4 12 the the DET issue-380 4 13 world world NOUN issue-380 4 14 as as ADP issue-380 4 15 an an DET issue-380 4 16 organic organic ADJ issue-380 4 17 part part NOUN issue-380 4 18 of of ADP issue-380 4 19 globalization globalization NOUN issue-380 4 20 iryna iryna NOUN issue-380 4 21 honcharenko1 honcharenko1 PROPN issue-380 4 22 , , PUNCT issue-380 4 23 inna inna PROPN issue-380 4 24 servatynska2 servatynska2 NOUN issue-380 4 25 cherkasy cherkasy PROPN issue-380 4 26 state state PROPN issue-380 4 27 technological technological ADJ issue-380 4 28 university university NOUN issue-380 4 29 , , PUNCT issue-380 4 30 ukraine ukraine PROPN issue-380 4 31 abstract abstract NOUN issue-380 4 32 . . PUNCT issue-380 5 1 the the DET issue-380 5 2 purpose purpose NOUN issue-380 5 3 of of ADP issue-380 5 4 the the DET issue-380 5 5 paper paper NOUN issue-380 5 6 is be AUX issue-380 5 7 to to PART issue-380 5 8 determine determine VERB issue-380 5 9 the the DET issue-380 5 10 current current ADJ issue-380 5 11 features feature NOUN issue-380 5 12 and and CCONJ issue-380 5 13 phases phase NOUN issue-380 5 14 of of ADP issue-380 5 15 the the DET issue-380 5 16 formation formation NOUN issue-380 5 17 of of ADP issue-380 5 18 the the DET issue-380 5 19 financial financial ADJ issue-380 5 20 unity unity NOUN issue-380 5 21 of of ADP issue-380 5 22 the the DET issue-380 5 23 world world NOUN issue-380 5 24 as as ADP issue-380 5 25 an an DET issue-380 5 26 organic organic ADJ issue-380 5 27 component component NOUN issue-380 5 28 of of ADP issue-380 5 29 globalization globalization NOUN issue-380 5 30 and and CCONJ issue-380 5 31 to to PART issue-380 5 32 identify identify VERB issue-380 5 33 the the DET issue-380 5 34 features feature NOUN issue-380 5 35 of of ADP issue-380 5 36 financial financial ADJ issue-380 5 37 globalization globalization NOUN issue-380 5 38 in in ADP issue-380 5 39 this this DET issue-380 5 40 context context NOUN issue-380 5 41 . . PUNCT issue-380 6 1 methodology methodology NOUN issue-380 6 2 . . PUNCT issue-380 7 1 the the DET issue-380 7 2 list list NOUN issue-380 7 3 of of ADP issue-380 7 4 the the DET issue-380 7 5 research research NOUN issue-380 7 6 methods method NOUN issue-380 7 7 of of ADP issue-380 7 8 the the DET issue-380 7 9 subject subject NOUN issue-380 7 10 under under ADP issue-380 7 11 consideration consideration NOUN issue-380 7 12 includes include VERB issue-380 7 13 the the DET issue-380 7 14 monographic monographic ADJ issue-380 7 15 method method NOUN issue-380 7 16 , , PUNCT issue-380 7 17 analysis analysis NOUN issue-380 7 18 , , PUNCT issue-380 7 19 techniques technique NOUN issue-380 7 20 of of ADP issue-380 7 21 the the DET issue-380 7 22 abstract abstract ADJ issue-380 7 23 - - PUNCT issue-380 7 24 logical logical ADJ issue-380 7 25 method method NOUN issue-380 7 26 , , PUNCT issue-380 7 27 etc etc X issue-380 7 28 . . X issue-380 7 29 results result NOUN issue-380 7 30 . . PUNCT issue-380 8 1 the the DET issue-380 8 2 urgency urgency NOUN issue-380 8 3 of of ADP issue-380 8 4 the the DET issue-380 8 5 article article NOUN issue-380 8 6 is be AUX issue-380 8 7 that that SCONJ issue-380 8 8 the the DET issue-380 8 9 development development NOUN issue-380 8 10 and and CCONJ issue-380 8 11 spread spread NOUN issue-380 8 12 of of ADP issue-380 8 13 globalization globalization NOUN issue-380 8 14 processes process NOUN issue-380 8 15 is be AUX issue-380 8 16 a a DET issue-380 8 17 necessity necessity NOUN issue-380 8 18 to to PART issue-380 8 19 study study VERB issue-380 8 20 the the DET issue-380 8 21 processes process NOUN issue-380 8 22 of of ADP issue-380 8 23 forming form VERB issue-380 8 24 a a DET issue-380 8 25 financial financial ADJ issue-380 8 26 unity unity NOUN issue-380 8 27 on on ADP issue-380 8 28 a a DET issue-380 8 29 global global ADJ issue-380 8 30 scale scale NOUN issue-380 8 31 , , PUNCT issue-380 8 32 as as ADP issue-380 8 33 a a DET issue-380 8 34 phenomenon phenomenon NOUN issue-380 8 35 that that PRON issue-380 8 36 can can AUX issue-380 8 37 have have VERB issue-380 8 38 both both CCONJ issue-380 8 39 positive positive ADJ issue-380 8 40 and and CCONJ issue-380 8 41 negative negative ADJ issue-380 8 42 consequences consequence NOUN issue-380 8 43 . . PUNCT issue-380 9 1 it it PRON issue-380 9 2 is be AUX issue-380 9 3 proved prove VERB issue-380 9 4 that that SCONJ issue-380 9 5 the the DET issue-380 9 6 financial financial ADJ issue-380 9 7 unity unity NOUN issue-380 9 8 of of ADP issue-380 9 9 the the DET issue-380 9 10 world world NOUN issue-380 9 11 is be AUX issue-380 9 12 an an DET issue-380 9 13 integral integral ADJ issue-380 9 14 part part NOUN issue-380 9 15 of of ADP issue-380 9 16 globalization globalization NOUN issue-380 9 17 . . PUNCT issue-380 10 1 the the DET issue-380 10 2 stages stage NOUN issue-380 10 3 of of ADP issue-380 10 4 formation formation NOUN issue-380 10 5 of of ADP issue-380 10 6 the the DET issue-380 10 7 financial financial ADJ issue-380 10 8 unity unity NOUN issue-380 10 9 of of ADP issue-380 10 10 the the DET issue-380 10 11 world world NOUN issue-380 10 12 are be AUX issue-380 10 13 determined determine VERB issue-380 10 14 . . PUNCT issue-380 11 1 the the DET issue-380 11 2 positive positive ADJ issue-380 11 3 and and CCONJ issue-380 11 4 negative negative ADJ issue-380 11 5 consequences consequence NOUN issue-380 11 6 are be AUX issue-380 11 7 specified specify VERB issue-380 11 8 . . PUNCT issue-380 12 1 despite despite SCONJ issue-380 12 2 the the DET issue-380 12 3 assumption assumption NOUN issue-380 12 4 about about ADP issue-380 12 5 possible possible ADJ issue-380 12 6 negative negative ADJ issue-380 12 7 manifestations manifestation NOUN issue-380 12 8 of of ADP issue-380 12 9 the the DET issue-380 12 10 financial financial ADJ issue-380 12 11 unity unity NOUN issue-380 12 12 of of ADP issue-380 12 13 the the DET issue-380 12 14 world world NOUN issue-380 12 15 , , PUNCT issue-380 12 16 acceleration acceleration NOUN issue-380 12 17 of of ADP issue-380 12 18 its its PRON issue-380 12 19 offensive offensive NOUN issue-380 12 20 in in ADP issue-380 12 21 the the DET issue-380 12 22 final final ADJ issue-380 12 23 , , PUNCT issue-380 12 24 perfect perfect ADJ issue-380 12 25 form form NOUN issue-380 12 26 will will AUX issue-380 12 27 allow allow VERB issue-380 12 28 providing provide VERB issue-380 12 29 significant significant ADJ issue-380 12 30 advantages advantage NOUN issue-380 12 31 for for ADP issue-380 12 32 global global ADJ issue-380 12 33 economic economic ADJ issue-380 12 34 development development NOUN issue-380 12 35 . . PUNCT issue-380 13 1 practical practical ADJ issue-380 13 2 implications implication NOUN issue-380 13 3 . . PUNCT issue-380 14 1 the the DET issue-380 14 2 main main ADJ issue-380 14 3 idea idea NOUN issue-380 14 4 of of ADP issue-380 14 5 the the DET issue-380 14 6 article article NOUN issue-380 14 7 was be AUX issue-380 14 8 to to PART issue-380 14 9 justify justify VERB issue-380 14 10 the the DET issue-380 14 11 expediency expediency NOUN issue-380 14 12 of of ADP issue-380 14 13 providing provide VERB issue-380 14 14 and and CCONJ issue-380 14 15 using use VERB issue-380 14 16 the the DET issue-380 14 17 financial financial ADJ issue-380 14 18 unity unity NOUN issue-380 14 19 as as ADP issue-380 14 20 the the DET issue-380 14 21 instrument instrument NOUN issue-380 14 22 for for ADP issue-380 14 23 development development NOUN issue-380 14 24 taking take VERB issue-380 14 25 into into ADP issue-380 14 26 account account NOUN issue-380 14 27 the the DET issue-380 14 28 prospects prospect NOUN issue-380 14 29 of of ADP issue-380 14 30 globalization globalization NOUN issue-380 14 31 for for ADP issue-380 14 32 national national ADJ issue-380 14 33 , , PUNCT issue-380 14 34 regional regional ADJ issue-380 14 35 economics economic NOUN issue-380 14 36 , , PUNCT issue-380 14 37 enterprises enterprise NOUN issue-380 14 38 , , PUNCT issue-380 14 39 and and CCONJ issue-380 14 40 communities community NOUN issue-380 14 41 . . PUNCT issue-380 15 1 value value NOUN issue-380 15 2 / / SYM issue-380 15 3 originality originality NOUN issue-380 15 4 . . PUNCT issue-380 16 1 the the DET issue-380 16 2 conducted conduct VERB issue-380 16 3 research research NOUN issue-380 16 4 allowed allow VERB issue-380 16 5 highlighting highlight VERB issue-380 16 6 the the DET issue-380 16 7 positive positive ADJ issue-380 16 8 and and CCONJ issue-380 16 9 negative negative ADJ issue-380 16 10 effects effect NOUN issue-380 16 11 of of ADP issue-380 16 12 financial financial ADJ issue-380 16 13 unity unity NOUN issue-380 16 14 and and CCONJ issue-380 16 15 financial financial ADJ issue-380 16 16 globalization globalization NOUN issue-380 16 17 , , PUNCT issue-380 16 18 as as ADP issue-380 16 19 its its PRON issue-380 16 20 manifestation manifestation NOUN issue-380 16 21 , , PUNCT issue-380 16 22 in in ADP issue-380 16 23 the the DET issue-380 16 24 global global ADJ issue-380 16 25 economic economic ADJ issue-380 16 26 system system NOUN issue-380 16 27 as as ADP issue-380 16 28 important important ADJ issue-380 16 29 characteristics characteristic NOUN issue-380 16 30 of of ADP issue-380 16 31 the the DET issue-380 16 32 evolution evolution NOUN issue-380 16 33 and and CCONJ issue-380 16 34 the the DET issue-380 16 35 current current ADJ issue-380 16 36 state state NOUN issue-380 16 37 of of ADP issue-380 16 38 world world NOUN issue-380 16 39 financial financial ADJ issue-380 16 40 architecture architecture NOUN issue-380 16 41 . . PUNCT issue-380 17 1 key key ADJ issue-380 17 2 words word NOUN issue-380 17 3 : : PUNCT issue-380 17 4 globalization globalization NOUN issue-380 17 5 , , PUNCT issue-380 17 6 financial financial ADJ issue-380 17 7 globalization globalization NOUN issue-380 17 8 , , PUNCT issue-380 17 9 financial financial ADJ issue-380 17 10 market market NOUN issue-380 17 11 , , PUNCT issue-380 17 12 single single ADJ issue-380 17 13 currency currency NOUN issue-380 17 14 , , PUNCT issue-380 17 15 financial financial ADJ issue-380 17 16 calculations calculation NOUN issue-380 17 17 . . PUNCT issue-380 18 1 jel jel PROPN issue-380 18 2 classification classification NOUN issue-380 18 3 : : PUNCT issue-380 18 4 g22 g22 NOUN issue-380 18 5 , , PUNCT issue-380 18 6 f36 f36 NOUN issue-380 18 7 , , PUNCT issue-380 18 8 g11 g11 PROPN issue-380 18 9 1 1 NUM issue-380 18 10 . . PUNCT issue-380 18 11 introduction introduction NOUN issue-380 18 12 the the DET issue-380 18 13 essential essential ADJ issue-380 18 14 features feature NOUN issue-380 18 15 of of ADP issue-380 18 16 the the DET issue-380 18 17 development development NOUN issue-380 18 18 of of ADP issue-380 18 19 modern modern ADJ issue-380 18 20 financial financial ADJ issue-380 18 21 systems system NOUN issue-380 18 22 of of ADP issue-380 18 23 different different ADJ issue-380 18 24 countries country NOUN issue-380 18 25 are be AUX issue-380 18 26 their their PRON issue-380 18 27 tendency tendency NOUN issue-380 18 28 to to PART issue-380 18 29 unite unite VERB issue-380 18 30 in in ADP issue-380 18 31 the the DET issue-380 18 32 framework framework NOUN issue-380 18 33 of of ADP issue-380 18 34 international international ADJ issue-380 18 35 financial financial ADJ issue-380 18 36 flows flow NOUN issue-380 18 37 , , PUNCT issue-380 18 38 development development NOUN issue-380 18 39 of of ADP issue-380 18 40 common common ADJ issue-380 18 41 approaches approach NOUN issue-380 18 42 to to ADP issue-380 18 43 the the DET issue-380 18 44 allocation allocation NOUN issue-380 18 45 of of ADP issue-380 18 46 financial financial ADJ issue-380 18 47 resources resource NOUN issue-380 18 48 , , PUNCT issue-380 18 49 the the DET issue-380 18 50 emergence emergence NOUN issue-380 18 51 of of ADP issue-380 18 52 supranational supranational ADJ issue-380 18 53 forms form NOUN issue-380 18 54 of of ADP issue-380 18 55 financial financial ADJ issue-380 18 56 intermediation intermediation NOUN issue-380 18 57 etc etc X issue-380 18 58 . . PUNCT issue-380 19 1 all all DET issue-380 19 2 these these DET issue-380 19 3 factors factor NOUN issue-380 19 4 are be AUX issue-380 19 5 an an DET issue-380 19 6 integral integral ADJ issue-380 19 7 element element NOUN issue-380 19 8 of of ADP issue-380 19 9 globalization globalization NOUN issue-380 19 10 , , PUNCT issue-380 19 11 which which PRON issue-380 19 12 has have VERB issue-380 19 13 different different ADJ issue-380 19 14 manifestations manifestation NOUN issue-380 19 15 in in ADP issue-380 19 16 the the DET issue-380 19 17 economic economic ADJ issue-380 19 18 sphere sphere NOUN issue-380 19 19 , , PUNCT issue-380 19 20 and and CCONJ issue-380 19 21 now now ADV issue-380 19 22 it it PRON issue-380 19 23 is be AUX issue-380 19 24 found find VERB issue-380 19 25 in in ADP issue-380 19 26 the the DET issue-380 19 27 convergence convergence NOUN issue-380 19 28 of of ADP issue-380 19 29 the the DET issue-380 19 30 economies economy NOUN issue-380 19 31 of of ADP issue-380 19 32 many many ADJ issue-380 19 33 states state NOUN issue-380 19 34 . . PUNCT issue-380 20 1 financial financial ADJ issue-380 20 2 globalization globalization NOUN issue-380 20 3 is be AUX issue-380 20 4 triggered trigger VERB issue-380 20 5 by by ADP issue-380 20 6 the the DET issue-380 20 7 growth growth NOUN issue-380 20 8 of of ADP issue-380 20 9 financial financial ADJ issue-380 20 10 flows flow NOUN issue-380 20 11 that that PRON issue-380 20 12 can can AUX issue-380 20 13 have have VERB issue-380 20 14 negative negative ADJ issue-380 20 15 consequences consequence NOUN issue-380 20 16 , , PUNCT issue-380 20 17 which which PRON issue-380 20 18 were be AUX issue-380 20 19 manifested manifest VERB issue-380 20 20 in in ADP issue-380 20 21 the the DET issue-380 20 22 global global ADJ issue-380 20 23 financial financial ADJ issue-380 20 24 crises crisis NOUN issue-380 20 25 destroying destroy VERB issue-380 20 26 the the DET issue-380 20 27 financial financial ADJ issue-380 20 28 architecture architecture NOUN issue-380 20 29 of of ADP issue-380 20 30 the the DET issue-380 20 31 world world NOUN issue-380 20 32 . . PUNCT issue-380 21 1 thus thus ADV issue-380 21 2 , , PUNCT issue-380 21 3 it it PRON issue-380 21 4 helped help VERB issue-380 21 5 it it PRON issue-380 21 6 recover recover VERB issue-380 21 7 in in ADP issue-380 21 8 new new ADJ issue-380 21 9 , , PUNCT issue-380 21 10 more more ADV issue-380 21 11 viable viable ADJ issue-380 21 12 forms form NOUN issue-380 21 13 . . PUNCT issue-380 22 1 the the DET issue-380 22 2 development development NOUN issue-380 22 3 of of ADP issue-380 22 4 globalization globalization NOUN issue-380 22 5 processes process NOUN issue-380 22 6 needs need VERB issue-380 22 7 further far ADV issue-380 22 8 studying study VERB issue-380 22 9 of of ADP issue-380 22 10 processes process NOUN issue-380 22 11 of of ADP issue-380 22 12 the the DET issue-380 22 13 fiscal fiscal ADJ issue-380 22 14 unity unity NOUN issue-380 22 15 formation formation NOUN issue-380 22 16 on on ADP issue-380 22 17 a a DET issue-380 22 18 global global ADJ issue-380 22 19 scale scale NOUN issue-380 22 20 , , PUNCT issue-380 22 21 as as ADP issue-380 22 22 a a DET issue-380 22 23 phenomenon phenomenon NOUN issue-380 22 24 that that PRON issue-380 22 25 can can AUX issue-380 22 26 have have VERB issue-380 22 27 both both CCONJ issue-380 22 28 positive positive ADJ issue-380 22 29 and and CCONJ issue-380 22 30 negative negative ADJ issue-380 22 31 consequences consequence NOUN issue-380 22 32 . . PUNCT issue-380 23 1 target target NOUN issue-380 23 2 setting setting NOUN issue-380 23 3 . . PUNCT issue-380 24 1 in in ADP issue-380 24 2 general general ADJ issue-380 24 3 , , PUNCT issue-380 24 4 the the DET issue-380 24 5 effects effect NOUN issue-380 24 6 of of ADP issue-380 24 7 financial financial ADJ issue-380 24 8 globalization globalization NOUN issue-380 24 9 have have AUX issue-380 24 10 not not PART issue-380 24 11 been be AUX issue-380 24 12 fully fully ADV issue-380 24 13 defined define VERB issue-380 24 14 yet yet ADV issue-380 24 15 . . PUNCT issue-380 25 1 virtually virtually ADV issue-380 25 2 there there PRON issue-380 25 3 is be VERB issue-380 25 4 no no DET issue-380 25 5 formal formal ADJ issue-380 25 6 empirical empirical ADJ issue-380 25 7 information information NOUN issue-380 25 8 confirming confirm VERB issue-380 25 9 the the DET issue-380 25 10 often often ADV issue-380 25 11 - - PUNCT issue-380 25 12 quoted quote VERB issue-380 25 13 assertion assertion NOUN issue-380 25 14 that that SCONJ issue-380 25 15 the the DET issue-380 25 16 financial financial ADJ issue-380 25 17 globalization globalization NOUN issue-380 25 18 was be AUX issue-380 25 19 a a DET issue-380 25 20 cause cause NOUN issue-380 25 21 of of ADP issue-380 25 22 the the DET issue-380 25 23 financial financial ADJ issue-380 25 24 crises crisis NOUN issue-380 25 25 that that PRON issue-380 25 26 occurred occur VERB issue-380 25 27 in in ADP issue-380 25 28 the the DET issue-380 25 29 world world NOUN issue-380 25 30 in in ADP issue-380 25 31 the the DET issue-380 25 32 last last ADJ issue-380 25 33 three three NUM issue-380 25 34 decades decade NOUN issue-380 25 35 . . PUNCT issue-380 26 1 however however ADV issue-380 26 2 , , PUNCT issue-380 26 3 reliable reliable ADJ issue-380 26 4 evidence evidence NOUN issue-380 26 5 on on ADP issue-380 26 6 the the DET issue-380 26 7 macroeconomic macroeconomic ADJ issue-380 26 8 benefits benefit NOUN issue-380 26 9 of of ADP issue-380 26 10 financial financial ADJ issue-380 26 11 liberalization liberalization NOUN issue-380 26 12 has have AUX issue-380 26 13 not not PART issue-380 26 14 been be AUX issue-380 26 15 obtained obtain VERB issue-380 26 16 . . PUNCT issue-380 27 1 therefore therefore ADV issue-380 27 2 , , PUNCT issue-380 27 3 it it PRON issue-380 27 4 is be AUX issue-380 27 5 necessary necessary ADJ issue-380 27 6 to to PART issue-380 27 7 designate designate VERB issue-380 27 8 the the DET issue-380 27 9 positive positive ADJ issue-380 27 10 and and CCONJ issue-380 27 11 negative negative ADJ issue-380 27 12 effects effect NOUN issue-380 27 13 of of ADP issue-380 27 14 the the DET issue-380 27 15 financial financial ADJ issue-380 27 16 unity unity NOUN issue-380 27 17 and and CCONJ issue-380 27 18 financial financial ADJ issue-380 27 19 globalization globalization NOUN issue-380 27 20 , , PUNCT issue-380 27 21 as as ADP issue-380 27 22 its its PRON issue-380 27 23 manifestation manifestation NOUN issue-380 27 24 in in ADP issue-380 27 25 the the DET issue-380 27 26 global global ADJ issue-380 27 27 economic economic ADJ issue-380 27 28 system system NOUN issue-380 27 29 in in ADP issue-380 27 30 the the DET issue-380 27 31 form form NOUN issue-380 27 32 of of ADP issue-380 27 33 the the DET issue-380 27 34 important important ADJ issue-380 27 35 characteristics characteristic NOUN issue-380 27 36 of of ADP issue-380 27 37 the the DET issue-380 27 38 evolution evolution NOUN issue-380 27 39 and and CCONJ issue-380 27 40 current current ADJ issue-380 27 41 state state NOUN issue-380 27 42 of of ADP issue-380 27 43 the the DET issue-380 27 44 global global ADJ issue-380 27 45 financial financial ADJ issue-380 27 46 architecture architecture NOUN issue-380 27 47 . . PUNCT issue-380 28 1 2 2 X issue-380 28 2 . . NUM issue-380 28 3 results result NOUN issue-380 28 4 of of ADP issue-380 28 5 previous previous ADJ issue-380 28 6 researches research VERB issue-380 28 7 the the DET issue-380 28 8 issue issue NOUN issue-380 28 9 of of ADP issue-380 28 10 globalization globalization NOUN issue-380 28 11 and and CCONJ issue-380 28 12 , , PUNCT issue-380 28 13 in in ADP issue-380 28 14 particular particular ADJ issue-380 28 15 , , PUNCT issue-380 28 16 the the DET issue-380 28 17 financial financial ADJ issue-380 28 18 aspect aspect NOUN issue-380 28 19 contained contain VERB issue-380 28 20 in in ADP issue-380 28 21 the the DET issue-380 28 22 basis basis NOUN issue-380 28 23 of of ADP issue-380 28 24 the the DET issue-380 28 25 fiscal fiscal ADJ issue-380 28 26 unity unity NOUN issue-380 28 27 of of ADP issue-380 28 28 the the DET issue-380 28 29 world world NOUN issue-380 28 30 , , PUNCT issue-380 28 31 is be AUX issue-380 28 32 revealed reveal VERB issue-380 28 33 in in ADP issue-380 28 34 the the DET issue-380 28 35 works work NOUN issue-380 28 36 of of ADP issue-380 28 37 many many ADJ issue-380 28 38 local local ADJ issue-380 28 39 researchers researcher NOUN issue-380 28 40 , , PUNCT issue-380 28 41 such such ADJ issue-380 28 42 as as ADP issue-380 28 43 d. d. PROPN issue-380 28 44 y. y. PROPN issue-380 28 45 mamotenko mamotenko PROPN issue-380 28 46 ( ( PUNCT issue-380 28 47 mamotenko mamotenko ADJ issue-380 28 48 , , PUNCT issue-380 28 49 2009 2009 NUM issue-380 28 50 ) ) PUNCT issue-380 28 51 who who PRON issue-380 28 52 explores explore VERB issue-380 28 53 the the DET issue-380 28 54 globalization globalization NOUN issue-380 28 55 of of ADP issue-380 28 56 international international ADJ issue-380 28 57 financial financial ADJ issue-380 28 58 markets market NOUN issue-380 28 59 , , PUNCT issue-380 29 1 v. v. ADP issue-380 29 2 v. v. ADP issue-380 29 3 kuleshov kuleshov PROPN issue-380 29 4 ( ( PUNCT issue-380 29 5 kulishov kulishov PROPN issue-380 29 6 , , PUNCT issue-380 29 7 2013 2013 NUM issue-380 29 8 ) ) PUNCT issue-380 29 9 who who PRON issue-380 29 10 specifies specify VERB issue-380 29 11 the the DET issue-380 29 12 nature nature NOUN issue-380 29 13 and and CCONJ issue-380 29 14 implications implication NOUN issue-380 29 15 of of ADP issue-380 29 16 financial financial ADJ issue-380 29 17 globalization globalization NOUN issue-380 29 18 , , PUNCT issue-380 29 19 v. v. PROPN issue-380 29 20 s. s. PROPN issue-380 29 21 lukyanov lukyanov PROPN issue-380 29 22 ( ( PUNCT issue-380 29 23 lukyanov lukyanov PROPN issue-380 29 24 , , PUNCT issue-380 29 25 2013 2013 NUM issue-380 29 26 ) ) PUNCT issue-380 29 27 who who PRON issue-380 29 28 baltic baltic ADJ issue-380 29 29 journal journal NOUN issue-380 29 30 of of ADP issue-380 29 31 economic economic ADJ issue-380 29 32 studies study NOUN issue-380 29 33 54 54 NUM issue-380 29 34 vol vol NOUN issue-380 29 35 . . PROPN issue-380 30 1 4 4 NUM issue-380 30 2 , , PUNCT issue-380 30 3 no no INTJ issue-380 30 4 . . NOUN issue-380 30 5 2 2 NUM issue-380 30 6 , , PUNCT issue-380 30 7 2018 2018 NUM issue-380 30 8 defines define VERB issue-380 30 9 the the DET issue-380 30 10 basic basic ADJ issue-380 30 11 imperatives imperative NOUN issue-380 30 12 and and CCONJ issue-380 30 13 the the DET issue-380 30 14 crisis crisis NOUN issue-380 30 15 management management NOUN issue-380 30 16 mechanisms mechanism NOUN issue-380 30 17 of of ADP issue-380 30 18 the the DET issue-380 30 19 globalization globalization NOUN issue-380 30 20 of of ADP issue-380 30 21 national national ADJ issue-380 30 22 financial financial ADJ issue-380 30 23 systems system NOUN issue-380 30 24 , , PUNCT issue-380 30 25 n. n. PROPN issue-380 30 26 m. m. NOUN issue-380 30 27 ukhnal ukhnal ADJ issue-380 30 28 ( ( PUNCT issue-380 30 29 ukhnal ukhnal ADJ issue-380 30 30 , , PUNCT issue-380 30 31 2015 2015 NUM issue-380 30 32 ) ) PUNCT issue-380 30 33 who who PRON issue-380 30 34 studies study VERB issue-380 30 35 the the DET issue-380 30 36 specific specific ADJ issue-380 30 37 features feature NOUN issue-380 30 38 of of ADP issue-380 30 39 development development NOUN issue-380 30 40 of of ADP issue-380 30 41 international international ADJ issue-380 30 42 financial financial ADJ issue-380 30 43 centres centre NOUN issue-380 30 44 in in ADP issue-380 30 45 conditions condition NOUN issue-380 30 46 of of ADP issue-380 30 47 globalization globalization NOUN issue-380 30 48 of of ADP issue-380 30 49 the the DET issue-380 30 50 financial financial ADJ issue-380 30 51 system system NOUN issue-380 30 52 , , PUNCT issue-380 30 53 v.v v.v PROPN issue-380 30 54 . . PROPN issue-380 30 55 zhuravel zhuravel PROPN issue-380 30 56 ( ( PUNCT issue-380 30 57 zhuravel zhuravel PROPN issue-380 30 58 , , PUNCT issue-380 30 59 2010 2010 NUM issue-380 30 60 ) ) PUNCT issue-380 30 61 who who PRON issue-380 30 62 underlines underline VERB issue-380 30 63 the the DET issue-380 30 64 features feature NOUN issue-380 30 65 of of ADP issue-380 30 66 globalization globalization NOUN issue-380 30 67 of of ADP issue-380 30 68 the the DET issue-380 30 69 world world NOUN issue-380 30 70 financial financial ADJ issue-380 30 71 system system NOUN issue-380 30 72 et et PROPN issue-380 30 73 al al PROPN issue-380 30 74 . . PROPN issue-380 31 1 in in ADP issue-380 31 2 foreign foreign ADJ issue-380 31 3 publications publication NOUN issue-380 31 4 , , PUNCT issue-380 31 5 issues issue NOUN issue-380 31 6 of of ADP issue-380 31 7 the the DET issue-380 31 8 studied study VERB issue-380 31 9 subjects subject NOUN issue-380 31 10 in in ADP issue-380 31 11 certain certain ADJ issue-380 31 12 aspects aspect NOUN issue-380 31 13 are be AUX issue-380 31 14 investigated investigate VERB issue-380 31 15 in in ADP issue-380 31 16 sources source NOUN issue-380 31 17 ( ( PUNCT issue-380 31 18 sheffield sheffield PROPN issue-380 31 19 , , PUNCT issue-380 31 20 korotayev korotayev PROPN issue-380 31 21 & & CCONJ issue-380 31 22 grinin grinin PROPN issue-380 31 23 , , PUNCT issue-380 31 24 2013 2013 NUM issue-380 31 25 ; ; PUNCT issue-380 31 26 schmukler schmukler ADJ issue-380 31 27 , , PUNCT issue-380 31 28 2004 2004 NUM issue-380 31 29 ; ; PUNCT issue-380 31 30 rousseau rousseau PROPN issue-380 31 31 & & CCONJ issue-380 31 32 sylla sylla PROPN issue-380 31 33 , , PUNCT issue-380 31 34 2001 2001 NUM issue-380 31 35 ; ; PUNCT issue-380 31 36 prasad prasad PROPN issue-380 31 37 , , PUNCT issue-380 31 38 shang shang PROPN issue-380 31 39 - - PUNCT issue-380 31 40 jin jin PROPN issue-380 31 41 & & CCONJ issue-380 31 42 kose kose PROPN issue-380 31 43 , , PUNCT issue-380 31 44 2003 2003 NUM issue-380 31 45 ) ) PUNCT issue-380 31 46 . . PUNCT issue-380 32 1 due due ADP issue-380 32 2 to to ADP issue-380 32 3 the the DET issue-380 32 4 analysis analysis NOUN issue-380 32 5 of of ADP issue-380 32 6 the the DET issue-380 32 7 mentioned mention VERB issue-380 32 8 above above ADP issue-380 32 9 works work NOUN issue-380 32 10 including include VERB issue-380 32 11 the the DET issue-380 32 12 author author NOUN issue-380 32 13 ’s ’s PART issue-380 32 14 works work NOUN issue-380 32 15 ( ( PUNCT issue-380 32 16 honcharenko honcharenko PROPN issue-380 32 17 & & CCONJ issue-380 32 18 berezina berezina PROPN issue-380 32 19 , , PUNCT issue-380 32 20 2016 2016 NUM issue-380 32 21 ; ; PUNCT issue-380 32 22 berezina berezina PROPN issue-380 32 23 , , PUNCT issue-380 32 24 tkachenko tkachenko PROPN issue-380 32 25 , , PUNCT issue-380 32 26 2017 2017 NUM issue-380 32 27 ) ) PUNCT issue-380 32 28 , , PUNCT issue-380 32 29 it it PRON issue-380 32 30 is be AUX issue-380 32 31 possible possible ADJ issue-380 32 32 to to PART issue-380 32 33 make make VERB issue-380 32 34 a a DET issue-380 32 35 conclusion conclusion NOUN issue-380 32 36 . . PUNCT issue-380 33 1 contemporary contemporary ADJ issue-380 33 2 manifestations manifestation NOUN issue-380 33 3 of of ADP issue-380 33 4 the the DET issue-380 33 5 world world NOUN issue-380 33 6 financial financial ADJ issue-380 33 7 unity unity NOUN issue-380 33 8 , , PUNCT issue-380 33 9 such such ADJ issue-380 33 10 as as ADP issue-380 33 11 the the DET issue-380 33 12 emergence emergence NOUN issue-380 33 13 of of ADP issue-380 33 14 digital digital ADJ issue-380 33 15 currencies currency NOUN issue-380 33 16 , , PUNCT issue-380 33 17 some some PRON issue-380 33 18 of of ADP issue-380 33 19 which which PRON issue-380 33 20 tend tend VERB issue-380 33 21 to to PART issue-380 33 22 get get VERB issue-380 33 23 the the DET issue-380 33 24 status status NOUN issue-380 33 25 of of ADP issue-380 33 26 the the DET issue-380 33 27 future future ADJ issue-380 33 28 single single ADJ issue-380 33 29 currency currency NOUN issue-380 33 30 with with ADP issue-380 33 31 both both DET issue-380 33 32 advantages advantage NOUN issue-380 33 33 and and CCONJ issue-380 33 34 life life NOUN issue-380 33 35 - - PUNCT issue-380 33 36 threatening threaten VERB issue-380 33 37 impacts impact NOUN issue-380 33 38 on on ADP issue-380 33 39 economic economic ADJ issue-380 33 40 security security NOUN issue-380 33 41 on on ADP issue-380 33 42 a a DET issue-380 33 43 global global ADJ issue-380 33 44 scale scale NOUN issue-380 33 45 are be AUX issue-380 33 46 still still ADV issue-380 33 47 remain remain VERB issue-380 33 48 unexplored unexplored ADJ issue-380 33 49 . . PUNCT issue-380 34 1 the the DET issue-380 34 2 objective objective NOUN issue-380 34 3 of of ADP issue-380 34 4 the the DET issue-380 34 5 study study NOUN issue-380 34 6 is be AUX issue-380 34 7 to to PART issue-380 34 8 identify identify VERB issue-380 34 9 current current ADJ issue-380 34 10 characteristics characteristic NOUN issue-380 34 11 and and CCONJ issue-380 34 12 the the DET issue-380 34 13 gradual gradual ADJ issue-380 34 14 formation formation NOUN issue-380 34 15 of of ADP issue-380 34 16 the the DET issue-380 34 17 world world NOUN issue-380 34 18 fiscal fiscal ADJ issue-380 34 19 unity unity NOUN issue-380 34 20 as as ADP issue-380 34 21 an an DET issue-380 34 22 integral integral ADJ issue-380 34 23 component component NOUN issue-380 34 24 of of ADP issue-380 34 25 globalization globalization NOUN issue-380 34 26 , , PUNCT issue-380 34 27 and and CCONJ issue-380 34 28 the the DET issue-380 34 29 establishment establishment NOUN issue-380 34 30 of of ADP issue-380 34 31 specific specific ADJ issue-380 34 32 features feature NOUN issue-380 34 33 of of ADP issue-380 34 34 financial financial ADJ issue-380 34 35 globalization globalization NOUN issue-380 34 36 in in ADP issue-380 34 37 this this DET issue-380 34 38 context context NOUN issue-380 34 39 . . PUNCT issue-380 35 1 3 3 X issue-380 35 2 . . X issue-380 35 3 stages stage NOUN issue-380 35 4 of of ADP issue-380 35 5 development development NOUN issue-380 35 6 of of ADP issue-380 35 7 the the DET issue-380 35 8 world world NOUN issue-380 35 9 financial financial ADJ issue-380 35 10 unity unity NOUN issue-380 35 11 globalization globalization NOUN issue-380 35 12 accompanies accompany VERB issue-380 35 13 the the DET issue-380 35 14 development development NOUN issue-380 35 15 of of ADP issue-380 35 16 all all DET issue-380 35 17 spheres sphere NOUN issue-380 35 18 of of ADP issue-380 35 19 modern modern ADJ issue-380 35 20 life life NOUN issue-380 35 21 and and CCONJ issue-380 35 22 is be AUX issue-380 35 23 traced trace VERB issue-380 35 24 in in ADP issue-380 35 25 the the DET issue-380 35 26 evolution evolution NOUN issue-380 35 27 in in ADP issue-380 35 28 different different ADJ issue-380 35 29 directions direction NOUN issue-380 35 30 . . PUNCT issue-380 36 1 the the DET issue-380 36 2 convergence convergence NOUN issue-380 36 3 of of ADP issue-380 36 4 cultures culture NOUN issue-380 36 5 , , PUNCT issue-380 36 6 political political ADJ issue-380 36 7 trends trend NOUN issue-380 36 8 and and CCONJ issue-380 36 9 attitudes attitude NOUN issue-380 36 10 , , PUNCT issue-380 36 11 completion completion NOUN issue-380 36 12 of of ADP issue-380 36 13 construction construction NOUN issue-380 36 14 of of ADP issue-380 36 15 a a DET issue-380 36 16 sole sole ADJ issue-380 36 17 information information NOUN issue-380 36 18 space space NOUN issue-380 36 19 on on ADP issue-380 36 20 the the DET issue-380 36 21 basis basis NOUN issue-380 36 22 of of ADP issue-380 36 23 the the DET issue-380 36 24 newest new ADJ issue-380 36 25 technologies technology NOUN issue-380 36 26 of of ADP issue-380 36 27 storage storage NOUN issue-380 36 28 and and CCONJ issue-380 36 29 data datum NOUN issue-380 36 30 access access NOUN issue-380 36 31 , , PUNCT issue-380 36 32 intensification intensification NOUN issue-380 36 33 of of ADP issue-380 36 34 educational educational ADJ issue-380 36 35 and and CCONJ issue-380 36 36 scientific scientific ADJ issue-380 36 37 exchange exchange NOUN issue-380 36 38 , , PUNCT issue-380 36 39 the the DET issue-380 36 40 high high ADJ issue-380 36 41 mobility mobility NOUN issue-380 36 42 of of ADP issue-380 36 43 the the DET issue-380 36 44 inhabitants inhabitant NOUN issue-380 36 45 of of ADP issue-380 36 46 the the DET issue-380 36 47 planet planet NOUN issue-380 36 48 , , PUNCT issue-380 36 49 and and CCONJ issue-380 36 50 the the DET issue-380 36 51 formation formation NOUN issue-380 36 52 of of ADP issue-380 36 53 a a DET issue-380 36 54 single single ADJ issue-380 36 55 world world NOUN issue-380 36 56 economic economic ADJ issue-380 36 57 system system NOUN issue-380 36 58 proves prove VERB issue-380 36 59 conclusively conclusively ADV issue-380 36 60 that that SCONJ issue-380 36 61 the the DET issue-380 36 62 world world NOUN issue-380 36 63 is be AUX issue-380 36 64 transforming transform VERB issue-380 36 65 into into ADP issue-380 36 66 the the DET issue-380 36 67 area area NOUN issue-380 36 68 , , PUNCT issue-380 36 69 where where SCONJ issue-380 36 70 goods good NOUN issue-380 36 71 , , PUNCT issue-380 36 72 services service NOUN issue-380 36 73 , , PUNCT issue-380 36 74 information information NOUN issue-380 36 75 , , PUNCT issue-380 36 76 capital capital NOUN issue-380 36 77 , , PUNCT issue-380 36 78 and and CCONJ issue-380 36 79 other other ADJ issue-380 36 80 resources resource NOUN issue-380 36 81 are be AUX issue-380 36 82 transferred transfer VERB issue-380 36 83 and and CCONJ issue-380 36 84 new new ADJ issue-380 36 85 ideas idea NOUN issue-380 36 86 circulate circulate VERB issue-380 36 87 freely freely ADV issue-380 36 88 together together ADV issue-380 36 89 with with ADP issue-380 36 90 their their PRON issue-380 36 91 carriers carrier NOUN issue-380 36 92 and and CCONJ issue-380 36 93 proponents proponent NOUN issue-380 36 94 , , PUNCT issue-380 36 95 providing provide VERB issue-380 36 96 the the DET issue-380 36 97 necessary necessary ADJ issue-380 36 98 conditions condition NOUN issue-380 36 99 for for ADP issue-380 36 100 the the DET issue-380 36 101 development development NOUN issue-380 36 102 of of ADP issue-380 36 103 supranational supranational ADJ issue-380 36 104 structures structure NOUN issue-380 36 105 and and CCONJ issue-380 36 106 international international ADJ issue-380 36 107 institutions institution NOUN issue-380 36 108 , , PUNCT issue-380 36 109 as as ADV issue-380 36 110 well well ADV issue-380 36 111 as as ADP issue-380 36 112 establishing establish VERB issue-380 36 113 their their PRON issue-380 36 114 close close ADJ issue-380 36 115 collaboration collaboration NOUN issue-380 36 116 . . PUNCT issue-380 37 1 globalization globalization NOUN issue-380 37 2 involves involve VERB issue-380 37 3 the the DET issue-380 37 4 formation formation NOUN issue-380 37 5 of of ADP issue-380 37 6 a a DET issue-380 37 7 unified unified ADJ issue-380 37 8 international international ADJ issue-380 37 9 legal legal ADJ issue-380 37 10 , , PUNCT issue-380 37 11 cultural cultural ADJ issue-380 37 12 , , PUNCT issue-380 37 13 informational informational ADJ issue-380 37 14 , , PUNCT issue-380 37 15 economic economic ADJ issue-380 37 16 , , PUNCT issue-380 37 17 and and CCONJ issue-380 37 18 hence hence ADV issue-380 37 19 financial financial ADJ issue-380 37 20 space space NOUN issue-380 37 21 . . PUNCT issue-380 38 1 undoubtedly undoubtedly ADV issue-380 38 2 , , PUNCT issue-380 38 3 the the DET issue-380 38 4 process process NOUN issue-380 38 5 of of ADP issue-380 38 6 financial financial ADJ issue-380 38 7 unity unity NOUN issue-380 38 8 will will AUX issue-380 38 9 play play VERB issue-380 38 10 a a DET issue-380 38 11 vital vital ADJ issue-380 38 12 role role NOUN issue-380 38 13 in in ADP issue-380 38 14 the the DET issue-380 38 15 global global ADJ issue-380 38 16 economy economy NOUN issue-380 38 17 of of ADP issue-380 38 18 our our PRON issue-380 38 19 time time NOUN issue-380 38 20 , , PUNCT issue-380 38 21 providing provide VERB issue-380 38 22 a a DET issue-380 38 23 sufficiently sufficiently ADV issue-380 38 24 powerful powerful ADJ issue-380 38 25 impetus impetus NOUN issue-380 38 26 to to ADP issue-380 38 27 the the DET issue-380 38 28 creation creation NOUN issue-380 38 29 of of ADP issue-380 38 30 an an DET issue-380 38 31 entirely entirely ADV issue-380 38 32 new new ADJ issue-380 38 33 system system NOUN issue-380 38 34 of of ADP issue-380 38 35 financial financial ADJ issue-380 38 36 relations relation NOUN issue-380 38 37 . . PUNCT issue-380 39 1 let let VERB issue-380 39 2 us we PRON issue-380 39 3 consider consider VERB issue-380 39 4 the the DET issue-380 39 5 stages stage NOUN issue-380 39 6 , , PUNCT issue-380 39 7 according accord VERB issue-380 39 8 to to ADP issue-380 39 9 which which PRON issue-380 39 10 the the DET issue-380 39 11 financial financial ADJ issue-380 39 12 unity unity NOUN issue-380 39 13 of of ADP issue-380 39 14 the the DET issue-380 39 15 world world NOUN issue-380 39 16 occurs occur VERB issue-380 39 17 , , PUNCT issue-380 39 18 table table NOUN issue-380 39 19 1 1 NUM issue-380 39 20 . . PUNCT issue-380 40 1 the the DET issue-380 40 2 financial financial ADJ issue-380 40 3 unity unity NOUN issue-380 40 4 of of ADP issue-380 40 5 the the DET issue-380 40 6 world world NOUN issue-380 40 7 is be AUX issue-380 40 8 manifested manifest VERB issue-380 40 9 in in ADP issue-380 40 10 the the DET issue-380 40 11 formation formation NOUN issue-380 40 12 of of ADP issue-380 40 13 a a DET issue-380 40 14 single single ADJ issue-380 40 15 financial financial ADJ issue-380 40 16 system system NOUN issue-380 40 17 , , PUNCT issue-380 40 18 characterized characterize VERB issue-380 40 19 by by ADP issue-380 40 20 common common ADJ issue-380 40 21 dominant dominant ADJ issue-380 40 22 sources source NOUN issue-380 40 23 of of ADP issue-380 40 24 financial financial ADJ issue-380 40 25 resources resource NOUN issue-380 40 26 , , PUNCT issue-380 40 27 high high ADJ issue-380 40 28 level level NOUN issue-380 40 29 of of ADP issue-380 40 30 interconnection interconnection NOUN issue-380 40 31 of of ADP issue-380 40 32 financial financial ADJ issue-380 40 33 flows flow NOUN issue-380 40 34 , , PUNCT issue-380 40 35 redistribution redistribution NOUN issue-380 40 36 of of ADP issue-380 40 37 funds fund NOUN issue-380 40 38 between between ADP issue-380 40 39 states state NOUN issue-380 40 40 , , PUNCT issue-380 40 41 unions union NOUN issue-380 40 42 of of ADP issue-380 40 43 states state NOUN issue-380 40 44 , , PUNCT issue-380 40 45 regions region NOUN issue-380 40 46 , , PUNCT issue-380 40 47 industries industry NOUN issue-380 40 48 to to PART issue-380 40 49 provide provide VERB issue-380 40 50 the the DET issue-380 40 51 necessary necessary ADJ issue-380 40 52 financial financial ADJ issue-380 40 53 support support NOUN issue-380 40 54 and and CCONJ issue-380 40 55 as as ADP issue-380 40 56 a a DET issue-380 40 57 consequence consequence NOUN issue-380 40 58 , , PUNCT issue-380 40 59 economic economic ADJ issue-380 40 60 development development NOUN issue-380 40 61 . . PUNCT issue-380 41 1 the the DET issue-380 41 2 principle principle NOUN issue-380 41 3 of of ADP issue-380 41 4 unity unity NOUN issue-380 41 5 of of ADP issue-380 41 6 the the DET issue-380 41 7 financial financial ADJ issue-380 41 8 system system NOUN issue-380 41 9 is be AUX issue-380 41 10 implemented implement VERB issue-380 41 11 in in ADP issue-380 41 12 the the DET issue-380 41 13 mechanism mechanism NOUN issue-380 41 14 of of ADP issue-380 41 15 integration integration NOUN issue-380 41 16 of of ADP issue-380 41 17 financial financial ADJ issue-380 41 18 plans plan NOUN issue-380 41 19 and and CCONJ issue-380 41 20 balance balance NOUN issue-380 41 21 sheets sheet NOUN issue-380 41 22 developed develop VERB issue-380 41 23 at at ADP issue-380 41 24 all all DET issue-380 41 25 levels level NOUN issue-380 41 26 of of ADP issue-380 41 27 governance governance NOUN issue-380 41 28 of of ADP issue-380 41 29 the the DET issue-380 41 30 global global ADJ issue-380 41 31 economy economy NOUN issue-380 41 32 . . PUNCT issue-380 42 1 qualitative qualitative ADJ issue-380 42 2 development development NOUN issue-380 42 3 of of ADP issue-380 42 4 the the DET issue-380 42 5 financial financial ADJ issue-380 42 6 sector sector NOUN issue-380 42 7 has have AUX issue-380 42 8 become become VERB issue-380 42 9 a a DET issue-380 42 10 prerequisite prerequisite NOUN issue-380 42 11 for for ADP issue-380 42 12 the the DET issue-380 42 13 integration integration NOUN issue-380 42 14 of of ADP issue-380 42 15 financial financial ADJ issue-380 42 16 systems system NOUN issue-380 42 17 of of ADP issue-380 42 18 individual individual ADJ issue-380 42 19 countries country NOUN issue-380 42 20 into into ADP issue-380 42 21 the the DET issue-380 42 22 global global ADJ issue-380 42 23 financial financial ADJ issue-380 42 24 space space NOUN issue-380 42 25 and and CCONJ issue-380 42 26 its its PRON issue-380 42 27 status status NOUN issue-380 42 28 and and CCONJ issue-380 42 29 level level NOUN issue-380 42 30 of of ADP issue-380 42 31 architecture architecture NOUN issue-380 42 32 is be AUX issue-380 42 33 one one NUM issue-380 42 34 of of ADP issue-380 42 35 the the DET issue-380 42 36 main main ADJ issue-380 42 37 factors factor NOUN issue-380 42 38 that that PRON issue-380 42 39 determine determine VERB issue-380 42 40 the the DET issue-380 42 41 magnitude magnitude NOUN issue-380 42 42 of of ADP issue-380 42 43 the the DET issue-380 42 44 financial financial ADJ issue-380 42 45 growth growth NOUN issue-380 42 46 and and CCONJ issue-380 42 47 benefits benefit NOUN issue-380 42 48 that that PRON issue-380 42 49 are be AUX issue-380 42 50 expressed express VERB issue-380 42 51 in in ADP issue-380 42 52 maintaining maintain VERB issue-380 42 53 stability stability NOUN issue-380 42 54 , , PUNCT issue-380 42 55 which which PRON issue-380 42 56 can can AUX issue-380 42 57 provide provide VERB issue-380 42 58 financial financial ADJ issue-380 42 59 globalization globalization NOUN issue-380 42 60 . . PUNCT issue-380 43 1 the the PRON issue-380 43 2 higher high ADJ issue-380 43 3 the the DET issue-380 43 4 level level NOUN issue-380 43 5 of of ADP issue-380 43 6 financial financial ADJ issue-380 43 7 sector sector NOUN issue-380 43 8 development development NOUN issue-380 43 9 of of ADP issue-380 43 10 the the DET issue-380 43 11 state state NOUN issue-380 43 12 , , PUNCT issue-380 43 13 the the DET issue-380 43 14 more more ADJ issue-380 43 15 benefits benefit NOUN issue-380 43 16 the the DET issue-380 43 17 country country NOUN issue-380 43 18 will will AUX issue-380 43 19 receive receive VERB issue-380 43 20 from from ADP issue-380 43 21 the the DET issue-380 43 22 proceeds proceed NOUN issue-380 43 23 of of ADP issue-380 43 24 capital capital NOUN issue-380 43 25 in in ADP issue-380 43 26 the the DET issue-380 43 27 form form NOUN issue-380 43 28 of of ADP issue-380 43 29 table table NOUN issue-380 43 30 1 1 NUM issue-380 43 31 stages stage NOUN issue-380 43 32 of of ADP issue-380 43 33 development development NOUN issue-380 43 34 of of ADP issue-380 43 35 the the DET issue-380 43 36 world world NOUN issue-380 43 37 financial financial ADJ issue-380 43 38 unity unity NOUN issue-380 43 39 stages stage VERB issue-380 43 40 specific specific ADJ issue-380 43 41 features feature NOUN issue-380 43 42 of of ADP issue-380 43 43 the the DET issue-380 43 44 stage stage NOUN issue-380 43 45 stage stage NOUN issue-380 43 46 1 1 NUM issue-380 43 47 establishing establish VERB issue-380 43 48 currency currency NOUN issue-380 43 49 exchange exchange NOUN issue-380 43 50 rates rate NOUN issue-380 43 51 , , PUNCT issue-380 43 52 the the DET issue-380 43 53 formation formation NOUN issue-380 43 54 of of ADP issue-380 43 55 currency currency NOUN issue-380 43 56 baskets basket NOUN issue-380 43 57 , , PUNCT issue-380 43 58 making make VERB issue-380 43 59 a a DET issue-380 43 60 monetary monetary ADJ issue-380 43 61 exchange exchange NOUN issue-380 43 62 , , PUNCT issue-380 43 63 establishment establishment NOUN issue-380 43 64 of of ADP issue-380 43 65 financial financial ADJ issue-380 43 66 relations relation NOUN issue-380 43 67 between between ADP issue-380 43 68 states state NOUN issue-380 43 69 stage stage VERB issue-380 43 70 2 2 NUM issue-380 43 71 the the DET issue-380 43 72 rate rate NOUN issue-380 43 73 to to ADP issue-380 43 74 the the DET issue-380 43 75 convergence convergence NOUN issue-380 43 76 of of ADP issue-380 43 77 financial financial ADJ issue-380 43 78 markets market NOUN issue-380 43 79 ; ; PUNCT issue-380 43 80 financial financial ADJ issue-380 43 81 institutions institution NOUN issue-380 43 82 from from ADP issue-380 43 83 different different ADJ issue-380 43 84 countries country NOUN issue-380 43 85 such such ADJ issue-380 43 86 as as ADP issue-380 43 87 product product NOUN issue-380 43 88 lines line NOUN issue-380 43 89 , , PUNCT issue-380 43 90 which which PRON issue-380 43 91 allowed allow VERB issue-380 43 92 financial financial ADJ issue-380 43 93 intermediaries intermediary NOUN issue-380 43 94 of of ADP issue-380 43 95 some some DET issue-380 43 96 state state NOUN issue-380 43 97 series series NOUN issue-380 43 98 ; ; PUNCT issue-380 43 99 penetration penetration NOUN issue-380 43 100 of of ADP issue-380 43 101 foreign foreign ADJ issue-380 43 102 capital capital NOUN issue-380 43 103 in in ADP issue-380 43 104 the the DET issue-380 43 105 regional regional ADJ issue-380 43 106 financial financial ADJ issue-380 43 107 markets market NOUN issue-380 43 108 stage stage VERB issue-380 43 109 3 3 NUM issue-380 43 110 the the DET issue-380 43 111 creation creation NOUN issue-380 43 112 of of ADP issue-380 43 113 international international ADJ issue-380 43 114 financial financial ADJ issue-380 43 115 companies company NOUN issue-380 43 116 , , PUNCT issue-380 43 117 expanding expand VERB issue-380 43 118 their their PRON issue-380 43 119 branch branch NOUN issue-380 43 120 networks network NOUN issue-380 43 121 around around ADP issue-380 43 122 the the DET issue-380 43 123 world world NOUN issue-380 43 124 , , PUNCT issue-380 43 125 creating create VERB issue-380 43 126 a a DET issue-380 43 127 system system NOUN issue-380 43 128 of of ADP issue-380 43 129 supranational supranational ADJ issue-380 43 130 regulators regulator NOUN issue-380 43 131 of of ADP issue-380 43 132 financial financial ADJ issue-380 43 133 relations relation NOUN issue-380 43 134 , , PUNCT issue-380 43 135 origins origin NOUN issue-380 43 136 of of ADP issue-380 43 137 the the DET issue-380 43 138 global global ADJ issue-380 43 139 financial financial ADJ issue-380 43 140 market market NOUN issue-380 43 141 stage stage NOUN issue-380 43 142 4 4 NUM issue-380 43 143 enhancing enhance VERB issue-380 43 144 the the DET issue-380 43 145 authority authority NOUN issue-380 43 146 of of ADP issue-380 43 147 international international ADJ issue-380 43 148 financial financial ADJ issue-380 43 149 organizations organization NOUN issue-380 43 150 , , PUNCT issue-380 43 151 granting grant VERB issue-380 43 152 them they PRON issue-380 43 153 the the DET issue-380 43 154 right right NOUN issue-380 43 155 to to PART issue-380 43 156 solve solve VERB issue-380 43 157 the the DET issue-380 43 158 financial financial ADJ issue-380 43 159 problems problem NOUN issue-380 43 160 of of ADP issue-380 43 161 the the DET issue-380 43 162 global global ADJ issue-380 43 163 scale scale NOUN issue-380 43 164 and and CCONJ issue-380 43 165 influence influence NOUN issue-380 43 166 on on ADP issue-380 43 167 the the DET issue-380 43 168 national national ADJ issue-380 43 169 financial financial ADJ issue-380 43 170 system system NOUN issue-380 43 171 stage stage NOUN issue-380 43 172 5 5 NUM issue-380 43 173 the the DET issue-380 43 174 development development NOUN issue-380 43 175 of of ADP issue-380 43 176 payments payment NOUN issue-380 43 177 using use VERB issue-380 43 178 on on ADP issue-380 43 179 the the DET issue-380 43 180 basis basis NOUN issue-380 43 181 of of ADP issue-380 43 182 electronic electronic ADJ issue-380 43 183 systems system NOUN issue-380 43 184 , , PUNCT issue-380 43 185 facilitation facilitation NOUN issue-380 43 186 of of ADP issue-380 43 187 the the DET issue-380 43 188 access access NOUN issue-380 43 189 to to ADP issue-380 43 190 financial financial ADJ issue-380 43 191 products product NOUN issue-380 43 192 and and CCONJ issue-380 43 193 services service NOUN issue-380 43 194 , , PUNCT issue-380 43 195 increase increase VERB issue-380 43 196 in in ADP issue-380 43 197 demand demand NOUN issue-380 43 198 through through ADP issue-380 43 199 international international ADJ issue-380 43 200 programs program NOUN issue-380 43 201 for for ADP issue-380 43 202 the the DET issue-380 43 203 improvement improvement NOUN issue-380 43 204 of of ADP issue-380 43 205 financial financial ADJ issue-380 43 206 literacy literacy NOUN issue-380 43 207 of of ADP issue-380 43 208 the the DET issue-380 43 209 population population NOUN issue-380 43 210 stage stage NOUN issue-380 43 211 6 6 NUM issue-380 43 212 ( ( PUNCT issue-380 43 213 current current ADJ issue-380 43 214 status status NOUN issue-380 43 215 ) ) PUNCT issue-380 43 216 the the DET issue-380 43 217 gradual gradual ADJ issue-380 43 218 levelling levelling NOUN issue-380 43 219 of of ADP issue-380 43 220 the the DET issue-380 43 221 status status NOUN issue-380 43 222 of of ADP issue-380 43 223 national national ADJ issue-380 43 224 currencies currency NOUN issue-380 43 225 , , PUNCT issue-380 43 226 distinguishing distinguish VERB issue-380 43 227 several several ADJ issue-380 43 228 currencies currency NOUN issue-380 43 229 accepted accept VERB issue-380 43 230 for for ADP issue-380 43 231 calculation calculation NOUN issue-380 43 232 in in ADP issue-380 43 233 most most ADJ issue-380 43 234 countries country NOUN issue-380 43 235 and and CCONJ issue-380 43 236 can can AUX issue-380 43 237 claim claim VERB issue-380 43 238 the the DET issue-380 43 239 status status NOUN issue-380 43 240 of of ADP issue-380 43 241 global global ADJ issue-380 43 242 currency currency NOUN issue-380 43 243 ; ; PUNCT issue-380 43 244 the the DET issue-380 43 245 emergence emergence NOUN issue-380 43 246 of of ADP issue-380 43 247 virtual virtual ADJ issue-380 43 248 , , PUNCT issue-380 43 249 digital digital ADJ issue-380 43 250 currency currency NOUN issue-380 43 251 , , PUNCT issue-380 43 252 completion completion NOUN issue-380 43 253 of of ADP issue-380 43 254 formation formation NOUN issue-380 43 255 of of ADP issue-380 43 256 the the DET issue-380 43 257 global global ADJ issue-380 43 258 financial financial ADJ issue-380 43 259 market market NOUN issue-380 43 260 , , PUNCT issue-380 43 261 and and CCONJ issue-380 43 262 building building NOUN issue-380 43 263 of of ADP issue-380 43 264 its its PRON issue-380 43 265 architecture architecture NOUN issue-380 43 266 stage stage NOUN issue-380 43 267 7 7 NUM issue-380 43 268 ( ( PUNCT issue-380 43 269 in in ADP issue-380 43 270 the the DET issue-380 43 271 future future NOUN issue-380 43 272 ) ) PUNCT issue-380 43 273 the the DET issue-380 43 274 use use NOUN issue-380 43 275 of of ADP issue-380 43 276 a a DET issue-380 43 277 single single ADJ issue-380 43 278 digital digital ADJ issue-380 43 279 world world NOUN issue-380 43 280 currency currency NOUN issue-380 43 281 , , PUNCT issue-380 43 282 the the DET issue-380 43 283 same same ADJ issue-380 43 284 conditions condition NOUN issue-380 43 285 for for ADP issue-380 43 286 the the DET issue-380 43 287 licensing licensing NOUN issue-380 43 288 and and CCONJ issue-380 43 289 activities activity NOUN issue-380 43 290 of of ADP issue-380 43 291 financial financial ADJ issue-380 43 292 institutions institution NOUN issue-380 43 293 , , PUNCT issue-380 43 294 the the DET issue-380 43 295 same same ADJ issue-380 43 296 rules rule NOUN issue-380 43 297 and and CCONJ issue-380 43 298 rates rate NOUN issue-380 43 299 for for ADP issue-380 43 300 the the DET issue-380 43 301 use use NOUN issue-380 43 302 of of ADP issue-380 43 303 financial financial ADJ issue-380 43 304 products product NOUN issue-380 43 305 and and CCONJ issue-380 43 306 services service NOUN issue-380 43 307 , , PUNCT issue-380 43 308 the the DET issue-380 43 309 ability ability NOUN issue-380 43 310 to to PART issue-380 43 311 use use VERB issue-380 43 312 them they PRON issue-380 43 313 anywhere anywhere ADV issue-380 43 314 in in ADP issue-380 43 315 the the DET issue-380 43 316 world world NOUN issue-380 43 317 in in ADP issue-380 43 318 selected select VERB issue-380 43 319 financial financial ADJ issue-380 43 320 companies company NOUN issue-380 43 321 resource resource NOUN issue-380 43 322 : : PUNCT issue-380 43 323 compiled compile VERB issue-380 43 324 by by ADP issue-380 43 325 the the DET issue-380 43 326 authors author NOUN issue-380 43 327 baltic baltic PROPN issue-380 43 328 journal journal PROPN issue-380 43 329 of of ADP issue-380 43 330 economic economic ADJ issue-380 43 331 studies study NOUN issue-380 43 332 55 55 NUM issue-380 43 333 vol vol NOUN issue-380 43 334 . . PROPN issue-380 44 1 4 4 NUM issue-380 44 2 , , PUNCT issue-380 44 3 no no INTJ issue-380 44 4 . . NOUN issue-380 44 5 2 2 NUM issue-380 44 6 , , PUNCT issue-380 44 7 2018 2018 NUM issue-380 44 8 financial financial ADJ issue-380 44 9 growth growth NOUN issue-380 44 10 . . PUNCT issue-380 45 1 at at ADP issue-380 45 2 the the DET issue-380 45 3 same same ADJ issue-380 45 4 time time NOUN issue-380 45 5 , , PUNCT issue-380 45 6 the the DET issue-380 45 7 dependence dependence NOUN issue-380 45 8 on on ADP issue-380 45 9 foreign foreign ADJ issue-380 45 10 financial financial ADJ issue-380 45 11 flows flow NOUN issue-380 45 12 could could AUX issue-380 45 13 cost cost VERB issue-380 45 14 the the DET issue-380 45 15 state state NOUN issue-380 45 16 its its PRON issue-380 45 17 financial financial ADJ issue-380 45 18 stability stability NOUN issue-380 45 19 , , PUNCT issue-380 45 20 make make VERB issue-380 45 21 vulnerable vulnerable ADJ issue-380 45 22 to to ADP issue-380 45 23 large large ADJ issue-380 45 24 - - PUNCT issue-380 45 25 scale scale NOUN issue-380 45 26 financial financial ADJ issue-380 45 27 crises crisis NOUN issue-380 45 28 . . PUNCT issue-380 46 1 at at ADP issue-380 46 2 the the DET issue-380 46 3 same same ADJ issue-380 46 4 time time NOUN issue-380 46 5 , , PUNCT issue-380 46 6 in in ADP issue-380 46 7 developing develop VERB issue-380 46 8 countries country NOUN issue-380 46 9 without without ADP issue-380 46 10 their their PRON issue-380 46 11 own own ADJ issue-380 46 12 high high ADJ issue-380 46 13 - - PUNCT issue-380 46 14 performance performance NOUN issue-380 46 15 of of ADP issue-380 46 16 the the DET issue-380 46 17 financial financial ADJ issue-380 46 18 sector sector NOUN issue-380 46 19 , , PUNCT issue-380 46 20 the the DET issue-380 46 21 sudden sudden ADJ issue-380 46 22 change change NOUN issue-380 46 23 of of ADP issue-380 46 24 direction direction NOUN issue-380 46 25 of of ADP issue-380 46 26 financial financial ADJ issue-380 46 27 flows flow NOUN issue-380 46 28 can can AUX issue-380 46 29 initiate initiate VERB issue-380 46 30 or or CCONJ issue-380 46 31 exacerbate exacerbate VERB issue-380 46 32 the the DET issue-380 46 33 cycles cycle NOUN issue-380 46 34 of of ADP issue-380 46 35 financial financial ADJ issue-380 46 36 ups up NOUN issue-380 46 37 and and CCONJ issue-380 46 38 downs down NOUN issue-380 46 39 . . PUNCT issue-380 47 1 in in ADP issue-380 47 2 addition addition NOUN issue-380 47 3 , , PUNCT issue-380 47 4 the the DET issue-380 47 5 mismatch mismatch NOUN issue-380 47 6 of of ADP issue-380 47 7 the the DET issue-380 47 8 financial financial ADJ issue-380 47 9 policy policy NOUN issue-380 47 10 between between ADP issue-380 47 11 the the DET issue-380 47 12 requirements requirement NOUN issue-380 47 13 of of ADP issue-380 47 14 the the DET issue-380 47 15 time time NOUN issue-380 47 16 , , PUNCT issue-380 47 17 the the DET issue-380 47 18 low low ADJ issue-380 47 19 level level NOUN issue-380 47 20 of of ADP issue-380 47 21 financial financial ADJ issue-380 47 22 regulation regulation NOUN issue-380 47 23 , , PUNCT issue-380 47 24 excessive excessive ADJ issue-380 47 25 liberalization liberalization NOUN issue-380 47 26 of of ADP issue-380 47 27 the the DET issue-380 47 28 domestic domestic ADJ issue-380 47 29 financial financial ADJ issue-380 47 30 sector sector NOUN issue-380 47 31 are be AUX issue-380 47 32 the the DET issue-380 47 33 main main ADJ issue-380 47 34 causes cause NOUN issue-380 47 35 of of ADP issue-380 47 36 many many ADJ issue-380 47 37 crises crisis NOUN issue-380 47 38 that that PRON issue-380 47 39 may may AUX issue-380 47 40 be be AUX issue-380 47 41 associated associate VERB issue-380 47 42 with with ADP issue-380 47 43 financial financial ADJ issue-380 47 44 integration integration NOUN issue-380 47 45 , , PUNCT issue-380 47 46 but but CCONJ issue-380 47 47 in in ADP issue-380 47 48 fact fact NOUN issue-380 47 49 could could AUX issue-380 47 50 be be AUX issue-380 47 51 offset offset VERB issue-380 47 52 under under ADP issue-380 47 53 the the DET issue-380 47 54 condition condition NOUN issue-380 47 55 of of ADP issue-380 47 56 the the DET issue-380 47 57 national national ADJ issue-380 47 58 financial financial ADJ issue-380 47 59 services service NOUN issue-380 47 60 markets market NOUN issue-380 47 61 of of ADP issue-380 47 62 a a DET issue-380 47 63 sufficient sufficient ADJ issue-380 47 64 amount amount NOUN issue-380 47 65 of of ADP issue-380 47 66 foreign foreign ADJ issue-380 47 67 capital capital NOUN issue-380 47 68 . . PUNCT issue-380 48 1 4 4 X issue-380 48 2 . . X issue-380 48 3 mainstreams mainstream NOUN issue-380 48 4 of of ADP issue-380 48 5 financial financial ADJ issue-380 48 6 unity unity NOUN issue-380 48 7 and and CCONJ issue-380 48 8 international international ADJ issue-380 48 9 financial financial ADJ issue-380 48 10 market market NOUN issue-380 48 11 development development NOUN issue-380 48 12 financial financial ADJ issue-380 48 13 world world NOUN issue-380 48 14 unity unity NOUN issue-380 48 15 is be AUX issue-380 48 16 expressed express VERB issue-380 48 17 primarily primarily ADV issue-380 48 18 in in ADP issue-380 48 19 the the DET issue-380 48 20 formation formation NOUN issue-380 48 21 of of ADP issue-380 48 22 a a DET issue-380 48 23 single single ADJ issue-380 48 24 financial financial ADJ issue-380 48 25 market market NOUN issue-380 48 26 . . PUNCT issue-380 49 1 in in ADP issue-380 49 2 recent recent ADJ issue-380 49 3 decades decade NOUN issue-380 49 4 , , PUNCT issue-380 49 5 the the DET issue-380 49 6 global global ADJ issue-380 49 7 ( ( PUNCT issue-380 49 8 international international ADJ issue-380 49 9 ) ) PUNCT issue-380 49 10 financial financial ADJ issue-380 49 11 market market NOUN issue-380 49 12 has have AUX issue-380 49 13 been be AUX issue-380 49 14 widely widely ADV issue-380 49 15 developed develop VERB issue-380 49 16 and and CCONJ issue-380 49 17 is be AUX issue-380 49 18 currently currently ADV issue-380 49 19 playing play VERB issue-380 49 20 a a DET issue-380 49 21 leading lead VERB issue-380 49 22 role role NOUN issue-380 49 23 in in ADP issue-380 49 24 the the DET issue-380 49 25 global global ADJ issue-380 49 26 economic economic ADJ issue-380 49 27 system system NOUN issue-380 49 28 . . PUNCT issue-380 50 1 the the DET issue-380 50 2 trends trend NOUN issue-380 50 3 in in ADP issue-380 50 4 the the DET issue-380 50 5 development development NOUN issue-380 50 6 of of ADP issue-380 50 7 a a DET issue-380 50 8 single single ADJ issue-380 50 9 financial financial ADJ issue-380 50 10 market market NOUN issue-380 50 11 are be AUX issue-380 50 12 the the DET issue-380 50 13 following follow VERB issue-380 50 14 : : PUNCT issue-380 50 15 globalization globalization NOUN issue-380 50 16 , , PUNCT issue-380 50 17 internationalization internationalization NOUN issue-380 50 18 , , PUNCT issue-380 50 19 institutionalization institutionalization NOUN issue-380 50 20 , , PUNCT issue-380 50 21 disintermediation disintermediation NOUN issue-380 50 22 , , PUNCT issue-380 50 23 the the DET issue-380 50 24 increased increase VERB issue-380 50 25 level level NOUN issue-380 50 26 of of ADP issue-380 50 27 international international ADJ issue-380 50 28 competition competition NOUN issue-380 50 29 , , PUNCT issue-380 50 30 integration integration NOUN issue-380 50 31 , , PUNCT issue-380 50 32 convergence convergence NOUN issue-380 50 33 , , PUNCT issue-380 50 34 informatisation informatisation NOUN issue-380 50 35 , , PUNCT issue-380 50 36 computerization computerization NOUN issue-380 50 37 , , PUNCT issue-380 50 38 and and CCONJ issue-380 50 39 concentration concentration NOUN issue-380 50 40 of of ADP issue-380 50 41 world world NOUN issue-380 50 42 markets market NOUN issue-380 50 43 . . PUNCT issue-380 51 1 the the DET issue-380 51 2 globalization globalization NOUN issue-380 51 3 of of ADP issue-380 51 4 the the DET issue-380 51 5 international international ADJ issue-380 51 6 financial financial ADJ issue-380 51 7 market market NOUN issue-380 51 8 is be AUX issue-380 51 9 reflected reflect VERB issue-380 51 10 in in ADP issue-380 51 11 the the DET issue-380 51 12 increase increase NOUN issue-380 51 13 of of ADP issue-380 51 14 its its PRON issue-380 51 15 share share NOUN issue-380 51 16 in in ADP issue-380 51 17 the the DET issue-380 51 18 operations operation NOUN issue-380 51 19 of of ADP issue-380 51 20 providing provide VERB issue-380 51 21 active active ADJ issue-380 51 22 and and CCONJ issue-380 51 23 passive passive ADJ issue-380 51 24 forms form NOUN issue-380 51 25 of of ADP issue-380 51 26 financial financial ADJ issue-380 51 27 services service NOUN issue-380 51 28 by by ADP issue-380 51 29 residents resident NOUN issue-380 51 30 of of ADP issue-380 51 31 different different ADJ issue-380 51 32 countries country NOUN issue-380 51 33 . . PUNCT issue-380 52 1 the the DET issue-380 52 2 internationalization internationalization NOUN issue-380 52 3 of of ADP issue-380 52 4 the the DET issue-380 52 5 international international ADJ issue-380 52 6 financial financial ADJ issue-380 52 7 market market NOUN issue-380 52 8 means mean VERB issue-380 52 9 that that SCONJ issue-380 52 10 the the DET issue-380 52 11 high high ADJ issue-380 52 12 level level NOUN issue-380 52 13 of of ADP issue-380 52 14 diversification diversification NOUN issue-380 52 15 of of ADP issue-380 52 16 activity activity NOUN issue-380 52 17 of of ADP issue-380 52 18 economic economic ADJ issue-380 52 19 entities entity NOUN issue-380 52 20 in in ADP issue-380 52 21 different different ADJ issue-380 52 22 regions region NOUN issue-380 52 23 of of ADP issue-380 52 24 the the DET issue-380 52 25 world world NOUN issue-380 52 26 makes make VERB issue-380 52 27 it it PRON issue-380 52 28 impossible impossible ADJ issue-380 52 29 to to PART issue-380 52 30 determine determine VERB issue-380 52 31 their their PRON issue-380 52 32 nationality nationality NOUN issue-380 52 33 . . PUNCT issue-380 53 1 integration integration NOUN issue-380 53 2 of of ADP issue-380 53 3 the the DET issue-380 53 4 international international ADJ issue-380 53 5 financial financial ADJ issue-380 53 6 market market NOUN issue-380 53 7 is be AUX issue-380 53 8 one one NUM issue-380 53 9 of of ADP issue-380 53 10 the the DET issue-380 53 11 most most ADV issue-380 53 12 notable notable ADJ issue-380 53 13 trends trend NOUN issue-380 53 14 of of ADP issue-380 53 15 the the DET issue-380 53 16 global global ADJ issue-380 53 17 financial financial ADJ issue-380 53 18 system system NOUN issue-380 53 19 . . PUNCT issue-380 54 1 integration integration NOUN issue-380 54 2 processes process NOUN issue-380 54 3 contribute contribute VERB issue-380 54 4 to to ADP issue-380 54 5 the the DET issue-380 54 6 increasing increase VERB issue-380 54 7 mobility mobility NOUN issue-380 54 8 of of ADP issue-380 54 9 financial financial ADJ issue-380 54 10 capital capital NOUN issue-380 54 11 and and CCONJ issue-380 54 12 reducing reduce VERB issue-380 54 13 transaction transaction NOUN issue-380 54 14 costs cost NOUN issue-380 54 15 in in ADP issue-380 54 16 the the DET issue-380 54 17 use use NOUN issue-380 54 18 of of ADP issue-380 54 19 financial financial ADJ issue-380 54 20 products product NOUN issue-380 54 21 and and CCONJ issue-380 54 22 services service NOUN issue-380 54 23 . . PUNCT issue-380 55 1 convergence convergence NOUN issue-380 55 2 of of ADP issue-380 55 3 the the DET issue-380 55 4 international international ADJ issue-380 55 5 financial financial ADJ issue-380 55 6 market market NOUN issue-380 55 7 and and CCONJ issue-380 55 8 its its PRON issue-380 55 9 individual individual ADJ issue-380 55 10 segments segment NOUN issue-380 55 11 is be AUX issue-380 55 12 a a DET issue-380 55 13 process process NOUN issue-380 55 14 similar similar ADJ issue-380 55 15 in in ADP issue-380 55 16 its its PRON issue-380 55 17 substantive substantive ADJ issue-380 55 18 essence essence NOUN issue-380 55 19 with with ADP issue-380 55 20 the the DET issue-380 55 21 integration integration NOUN issue-380 55 22 , , PUNCT issue-380 55 23 which which PRON issue-380 55 24 consists consist VERB issue-380 55 25 in in ADP issue-380 55 26 the the DET issue-380 55 27 gradual gradual ADJ issue-380 55 28 disappearance disappearance NOUN issue-380 55 29 of of ADP issue-380 55 30 borders border NOUN issue-380 55 31 between between ADP issue-380 55 32 the the DET issue-380 55 33 national national ADJ issue-380 55 34 sectors sector NOUN issue-380 55 35 of of ADP issue-380 55 36 the the DET issue-380 55 37 international international ADJ issue-380 55 38 financial financial ADJ issue-380 55 39 market market NOUN issue-380 55 40 . . PUNCT issue-380 56 1 the the DET issue-380 56 2 process process NOUN issue-380 56 3 of of ADP issue-380 56 4 institutionalization institutionalization NOUN issue-380 56 5 of of ADP issue-380 56 6 the the DET issue-380 56 7 international international ADJ issue-380 56 8 financial financial ADJ issue-380 56 9 market market NOUN issue-380 56 10 is be AUX issue-380 56 11 reflected reflect VERB issue-380 56 12 in in ADP issue-380 56 13 the the DET issue-380 56 14 strengthening strengthening NOUN issue-380 56 15 of of ADP issue-380 56 16 the the DET issue-380 56 17 role role NOUN issue-380 56 18 of of ADP issue-380 56 19 financial financial ADJ issue-380 56 20 institutions institution NOUN issue-380 56 21 in in ADP issue-380 56 22 the the DET issue-380 56 23 global global ADJ issue-380 56 24 financial financial ADJ issue-380 56 25 architecture architecture NOUN issue-380 56 26 . . PUNCT issue-380 57 1 disintermediation disintermediation NOUN issue-380 57 2 ‒ ‒ ADP issue-380 57 3 “ " PUNCT issue-380 57 4 the the DET issue-380 57 5 leaching leaching NOUN issue-380 57 6 of of ADP issue-380 57 7 mediation mediation NOUN issue-380 57 8 ” " PUNCT issue-380 57 9 has have AUX issue-380 57 10 become become VERB issue-380 57 11 another another DET issue-380 57 12 noticeable noticeable ADJ issue-380 57 13 trend trend NOUN issue-380 57 14 in in ADP issue-380 57 15 the the DET issue-380 57 16 development development NOUN issue-380 57 17 of of ADP issue-380 57 18 the the DET issue-380 57 19 international international ADJ issue-380 57 20 financial financial ADJ issue-380 57 21 market market NOUN issue-380 57 22 and and CCONJ issue-380 57 23 had have VERB issue-380 57 24 a a DET issue-380 57 25 significant significant ADJ issue-380 57 26 meaning meaning NOUN issue-380 57 27 for for ADP issue-380 57 28 the the DET issue-380 57 29 integration integration NOUN issue-380 57 30 processes process NOUN issue-380 57 31 in in ADP issue-380 57 32 the the DET issue-380 57 33 financial financial ADJ issue-380 57 34 sector sector NOUN issue-380 57 35 . . PUNCT issue-380 58 1 it it PRON issue-380 58 2 means mean VERB issue-380 58 3 the the DET issue-380 58 4 elimination elimination NOUN issue-380 58 5 of of ADP issue-380 58 6 financial financial ADJ issue-380 58 7 intermediaries intermediary NOUN issue-380 58 8 ( ( PUNCT issue-380 58 9 brokers broker NOUN issue-380 58 10 , , PUNCT issue-380 58 11 banks bank NOUN issue-380 58 12 ) ) PUNCT issue-380 58 13 from from ADP issue-380 58 14 transactions transaction NOUN issue-380 58 15 between between ADP issue-380 58 16 borrowers borrower NOUN issue-380 58 17 and and CCONJ issue-380 58 18 lenders lender NOUN issue-380 58 19 or or CCONJ issue-380 58 20 buyers buyer NOUN issue-380 58 21 and and CCONJ issue-380 58 22 sellers seller NOUN issue-380 58 23 of of ADP issue-380 58 24 financial financial ADJ issue-380 58 25 products product NOUN issue-380 58 26 and and CCONJ issue-380 58 27 services service NOUN issue-380 58 28 in in ADP issue-380 58 29 the the DET issue-380 58 30 market market NOUN issue-380 58 31 , , PUNCT issue-380 58 32 allowing allow VERB issue-380 58 33 both both DET issue-380 58 34 sides side NOUN issue-380 58 35 of of ADP issue-380 58 36 a a DET issue-380 58 37 financial financial ADJ issue-380 58 38 transaction transaction NOUN issue-380 58 39 to to PART issue-380 58 40 reduce reduce VERB issue-380 58 41 their their PRON issue-380 58 42 costs cost NOUN issue-380 58 43 by by ADP issue-380 58 44 refusing refuse VERB issue-380 58 45 to to PART issue-380 58 46 pay pay VERB issue-380 58 47 commissions commission NOUN issue-380 58 48 and and CCONJ issue-380 58 49 other other ADJ issue-380 58 50 fees fee NOUN issue-380 58 51 . . PUNCT issue-380 59 1 increased increase VERB issue-380 59 2 competition competition NOUN issue-380 59 3 over over ADP issue-380 59 4 the the DET issue-380 59 5 last last ADJ issue-380 59 6 twenty twenty NUM issue-380 59 7 years year NOUN issue-380 59 8 among among ADP issue-380 59 9 global global ADJ issue-380 59 10 companies company NOUN issue-380 59 11 and and CCONJ issue-380 59 12 financial financial ADJ issue-380 59 13 institutions institution NOUN issue-380 59 14 has have AUX issue-380 59 15 led lead VERB issue-380 59 16 , , PUNCT issue-380 59 17 on on ADP issue-380 59 18 the the DET issue-380 59 19 one one NUM issue-380 59 20 hand hand NOUN issue-380 59 21 , , PUNCT issue-380 59 22 to to ADP issue-380 59 23 the the DET issue-380 59 24 improvement improvement NOUN issue-380 59 25 of of ADP issue-380 59 26 the the DET issue-380 59 27 functioning functioning NOUN issue-380 59 28 of of ADP issue-380 59 29 the the DET issue-380 59 30 international international ADJ issue-380 59 31 financial financial ADJ issue-380 59 32 market market NOUN issue-380 59 33 , , PUNCT issue-380 59 34 and and CCONJ issue-380 59 35 on on ADP issue-380 59 36 the the DET issue-380 59 37 other other ADJ issue-380 59 38 , , PUNCT issue-380 59 39 to to ADP issue-380 59 40 the the DET issue-380 59 41 growth growth NOUN issue-380 59 42 of of ADP issue-380 59 43 requirements requirement NOUN issue-380 59 44 for for ADP issue-380 59 45 financial financial ADJ issue-380 59 46 institutions institution NOUN issue-380 59 47 with with ADP issue-380 59 48 respect respect NOUN issue-380 59 49 to to ADP issue-380 59 50 their their PRON issue-380 59 51 economic economic ADJ issue-380 59 52 efficiency efficiency NOUN issue-380 59 53 and and CCONJ issue-380 59 54 financial financial ADJ issue-380 59 55 security security NOUN issue-380 59 56 . . PUNCT issue-380 60 1 thus thus ADV issue-380 60 2 , , PUNCT issue-380 60 3 the the DET issue-380 60 4 only only ADJ issue-380 60 5 financially financially ADV issue-380 60 6 stable stable ADJ issue-380 60 7 and and CCONJ issue-380 60 8 profitable profitable ADJ issue-380 60 9 companies company NOUN issue-380 60 10 with with ADP issue-380 60 11 a a DET issue-380 60 12 wide wide ADJ issue-380 60 13 network network NOUN issue-380 60 14 of of ADP issue-380 60 15 branches branch NOUN issue-380 60 16 and and CCONJ issue-380 60 17 offices office NOUN issue-380 60 18 that that PRON issue-380 60 19 have have VERB issue-380 60 20 a a DET issue-380 60 21 recognizable recognizable ADJ issue-380 60 22 brand brand NOUN issue-380 60 23 , , PUNCT issue-380 60 24 a a DET issue-380 60 25 good good ADJ issue-380 60 26 reputation reputation NOUN issue-380 60 27 and and CCONJ issue-380 60 28 associate associate ADJ issue-380 60 29 consumer consumer NOUN issue-380 60 30 financial financial ADJ issue-380 60 31 services service NOUN issue-380 60 32 with with ADP issue-380 60 33 reliability reliability NOUN issue-380 60 34 and and CCONJ issue-380 60 35 stability stability NOUN issue-380 60 36 , , PUNCT issue-380 60 37 which which PRON issue-380 60 38 provide provide VERB issue-380 60 39 them they PRON issue-380 60 40 with with ADP issue-380 60 41 a a DET issue-380 60 42 high high ADJ issue-380 60 43 level level NOUN issue-380 60 44 of of ADP issue-380 60 45 customer customer NOUN issue-380 60 46 confidence confidence NOUN issue-380 60 47 remain remain VERB issue-380 60 48 on on ADP issue-380 60 49 the the DET issue-380 60 50 global global ADJ issue-380 60 51 financial financial ADJ issue-380 60 52 market market NOUN issue-380 60 53 . . PUNCT issue-380 61 1 the the DET issue-380 61 2 increased increase VERB issue-380 61 3 competition competition NOUN issue-380 61 4 had have VERB issue-380 61 5 an an DET issue-380 61 6 impact impact NOUN issue-380 61 7 on on ADP issue-380 61 8 the the DET issue-380 61 9 concentration concentration NOUN issue-380 61 10 of of ADP issue-380 61 11 international international ADJ issue-380 61 12 financial financial ADJ issue-380 61 13 market market NOUN issue-380 61 14 and and CCONJ issue-380 61 15 its its PRON issue-380 61 16 participants participant NOUN issue-380 61 17 . . PUNCT issue-380 62 1 now now ADV issue-380 62 2 the the DET issue-380 62 3 concentration concentration NOUN issue-380 62 4 occurs occur VERB issue-380 62 5 through through ADP issue-380 62 6 the the DET issue-380 62 7 mechanisms mechanism NOUN issue-380 62 8 of of ADP issue-380 62 9 mergers merger NOUN issue-380 62 10 and and CCONJ issue-380 62 11 acquisitions acquisition NOUN issue-380 62 12 , , PUNCT issue-380 62 13 and and CCONJ issue-380 62 14 these these DET issue-380 62 15 transactions transaction NOUN issue-380 62 16 are be AUX issue-380 62 17 of of ADP issue-380 62 18 a a DET issue-380 62 19 supranational supranational ADJ issue-380 62 20 , , PUNCT issue-380 62 21 global global ADJ issue-380 62 22 character character NOUN issue-380 62 23 . . PUNCT issue-380 63 1 computerization computerization NOUN issue-380 63 2 and and CCONJ issue-380 63 3 informatisation informatisation NOUN issue-380 63 4 are be AUX issue-380 63 5 currently currently ADV issue-380 63 6 the the DET issue-380 63 7 main main ADJ issue-380 63 8 trends trend NOUN issue-380 63 9 in in ADP issue-380 63 10 the the DET issue-380 63 11 international international ADJ issue-380 63 12 financial financial ADJ issue-380 63 13 market market NOUN issue-380 63 14 because because SCONJ issue-380 63 15 its its PRON issue-380 63 16 activities activity NOUN issue-380 63 17 at at ADP issue-380 63 18 the the DET issue-380 63 19 present present ADJ issue-380 63 20 stage stage NOUN issue-380 63 21 are be AUX issue-380 63 22 done do VERB issue-380 63 23 using use VERB issue-380 63 24 a a DET issue-380 63 25 computer computer NOUN issue-380 63 26 and and CCONJ issue-380 63 27 information information NOUN issue-380 63 28 technology technology NOUN issue-380 63 29 . . PUNCT issue-380 64 1 their their PRON issue-380 64 2 proliferation proliferation NOUN issue-380 64 3 has have AUX issue-380 64 4 resulted result VERB issue-380 64 5 in in ADP issue-380 64 6 increased increase VERB issue-380 64 7 use use NOUN issue-380 64 8 of of ADP issue-380 64 9 financial financial ADJ issue-380 64 10 products product NOUN issue-380 64 11 and and CCONJ issue-380 64 12 services service NOUN issue-380 64 13 ; ; PUNCT issue-380 64 14 it it PRON issue-380 64 15 has have AUX issue-380 64 16 enabled enable VERB issue-380 64 17 financial financial ADJ issue-380 64 18 institutions institution NOUN issue-380 64 19 to to PART issue-380 64 20 serve serve VERB issue-380 64 21 their their PRON issue-380 64 22 clients client NOUN issue-380 64 23 in in ADP issue-380 64 24 a a DET issue-380 64 25 single single ADJ issue-380 64 26 financial financial ADJ issue-380 64 27 space space NOUN issue-380 64 28 . . PUNCT issue-380 65 1 the the DET issue-380 65 2 participants participant NOUN issue-380 65 3 in in ADP issue-380 65 4 the the DET issue-380 65 5 international international ADJ issue-380 65 6 financial financial ADJ issue-380 65 7 market market NOUN issue-380 65 8 make make VERB issue-380 65 9 management management NOUN issue-380 65 10 , , PUNCT issue-380 65 11 investment investment NOUN issue-380 65 12 , , PUNCT issue-380 65 13 and and CCONJ issue-380 65 14 financial financial ADJ issue-380 65 15 solutions solution NOUN issue-380 65 16 based base VERB issue-380 65 17 on on ADP issue-380 65 18 sophisticated sophisticated ADJ issue-380 65 19 techniques technique NOUN issue-380 65 20 of of ADP issue-380 65 21 computer computer NOUN issue-380 65 22 simulation simulation NOUN issue-380 65 23 . . PUNCT issue-380 66 1 the the DET issue-380 66 2 global global ADJ issue-380 66 3 financial financial ADJ issue-380 66 4 market market NOUN issue-380 66 5 international international ADJ issue-380 66 6 financial financial ADJ issue-380 66 7 centres centre NOUN issue-380 66 8 , , PUNCT issue-380 66 9 which which PRON issue-380 66 10 were be AUX issue-380 66 11 the the DET issue-380 66 12 largest large ADJ issue-380 66 13 cities city NOUN issue-380 66 14 on on ADP issue-380 66 15 the the DET issue-380 66 16 planet planet NOUN issue-380 66 17 , , PUNCT issue-380 66 18 in in ADP issue-380 66 19 countries country NOUN issue-380 66 20 where where SCONJ issue-380 66 21 the the DET issue-380 66 22 concentration concentration NOUN issue-380 66 23 of of ADP issue-380 66 24 financial financial ADJ issue-380 66 25 flows flow NOUN issue-380 66 26 was be AUX issue-380 66 27 the the DET issue-380 66 28 most most ADV issue-380 66 29 obvious obvious ADJ issue-380 66 30 coordinate coordinate NOUN issue-380 66 31 their their PRON issue-380 66 32 activities activity NOUN issue-380 66 33 . . PUNCT issue-380 67 1 the the DET issue-380 67 2 emergence emergence NOUN issue-380 67 3 of of ADP issue-380 67 4 international international ADJ issue-380 67 5 financial financial ADJ issue-380 67 6 centres centre NOUN issue-380 67 7 is be AUX issue-380 67 8 the the DET issue-380 67 9 requirement requirement NOUN issue-380 67 10 of of ADP issue-380 67 11 time time NOUN issue-380 67 12 and and CCONJ issue-380 67 13 opportunity opportunity NOUN issue-380 67 14 for for SCONJ issue-380 67 15 states state NOUN issue-380 67 16 to to PART issue-380 67 17 integrate integrate VERB issue-380 67 18 into into ADP issue-380 67 19 the the DET issue-380 67 20 modern modern ADJ issue-380 67 21 global global ADJ issue-380 67 22 economic economic ADJ issue-380 67 23 environment environment NOUN issue-380 67 24 . . PUNCT issue-380 68 1 finally finally ADV issue-380 68 2 , , PUNCT issue-380 68 3 the the DET issue-380 68 4 financial financial ADJ issue-380 68 5 world world NOUN issue-380 68 6 unity unity NOUN issue-380 68 7 will will AUX issue-380 68 8 not not PART issue-380 68 9 be be AUX issue-380 68 10 achieved achieve VERB issue-380 68 11 without without ADP issue-380 68 12 the the DET issue-380 68 13 introduction introduction NOUN issue-380 68 14 of of ADP issue-380 68 15 a a DET issue-380 68 16 single single ADJ issue-380 68 17 currency currency NOUN issue-380 68 18 for for ADP issue-380 68 19 service service NOUN issue-380 68 20 payments payment NOUN issue-380 68 21 . . PUNCT issue-380 69 1 in in ADP issue-380 69 2 1988 1988 NUM issue-380 69 3 , , PUNCT issue-380 69 4 economists economist NOUN issue-380 69 5 predicted predict VERB issue-380 69 6 the the DET issue-380 69 7 emergence emergence NOUN issue-380 69 8 of of ADP issue-380 69 9 a a DET issue-380 69 10 single single ADJ issue-380 69 11 world world NOUN issue-380 69 12 currency currency NOUN issue-380 69 13 . . PUNCT issue-380 70 1 let let VERB issue-380 70 2 us we PRON issue-380 70 3 quote quote VERB issue-380 70 4 a a DET issue-380 70 5 fragment fragment NOUN issue-380 70 6 of of ADP issue-380 70 7 the the DET issue-380 70 8 publication publication NOUN issue-380 70 9 from from ADP issue-380 70 10 the the DET issue-380 70 11 “ " PUNCT issue-380 70 12 economist economist NOUN issue-380 70 13 ” " PUNCT issue-380 70 14 magazine magazine NOUN issue-380 70 15 : : PUNCT issue-380 70 16 “ " PUNCT issue-380 70 17 thirty thirty NUM issue-380 70 18 years year NOUN issue-380 70 19 from from ADP issue-380 70 20 now now ADV issue-380 70 21 , , PUNCT issue-380 70 22 americans americans PROPN issue-380 70 23 , , PUNCT issue-380 70 24 japanese japanese PROPN issue-380 70 25 , , PUNCT issue-380 70 26 europeans europeans PROPN issue-380 70 27 , , PUNCT issue-380 70 28 and and CCONJ issue-380 70 29 people people NOUN issue-380 70 30 in in ADP issue-380 70 31 many many ADJ issue-380 70 32 other other ADJ issue-380 70 33 rich rich ADJ issue-380 70 34 countries country NOUN issue-380 70 35 , , PUNCT issue-380 70 36 and and CCONJ issue-380 70 37 some some DET issue-380 70 38 relatively relatively ADV issue-380 70 39 poor poor ADJ issue-380 70 40 ones one NOUN issue-380 70 41 will will AUX issue-380 70 42 probably probably ADV issue-380 70 43 be be AUX issue-380 70 44 paying pay VERB issue-380 70 45 for for ADP issue-380 70 46 their their PRON issue-380 70 47 shopping shopping NOUN issue-380 70 48 with with ADP issue-380 70 49 the the DET issue-380 70 50 same same ADJ issue-380 70 51 currency currency NOUN issue-380 70 52 . . PUNCT issue-380 71 1 prices price NOUN issue-380 71 2 will will AUX issue-380 71 3 be be AUX issue-380 71 4 quoted quote VERB issue-380 71 5 not not PART issue-380 71 6 in in ADP issue-380 71 7 dollars dollar NOUN issue-380 71 8 , , PUNCT issue-380 71 9 yen yen NOUN issue-380 71 10 or or CCONJ issue-380 71 11 d d NOUN issue-380 71 12 - - PUNCT issue-380 71 13 marks mark NOUN issue-380 71 14 but but CCONJ issue-380 71 15 in in ADV issue-380 71 16 , , PUNCT issue-380 71 17 let let VERB issue-380 71 18 ’s ’s PRON issue-380 71 19 say say VERB issue-380 71 20 , , PUNCT issue-380 71 21 the the DET issue-380 71 22 phoenix phoenix NOUN issue-380 71 23 . . PUNCT issue-380 72 1 the the DET issue-380 72 2 phoenix phoenix PROPN issue-380 72 3 will will AUX issue-380 72 4 be be AUX issue-380 72 5 favoured favour VERB issue-380 72 6 by by ADP issue-380 72 7 companies company NOUN issue-380 72 8 and and CCONJ issue-380 72 9 shoppers shopper NOUN issue-380 72 10 because because SCONJ issue-380 72 11 it it PRON issue-380 72 12 will will AUX issue-380 72 13 be be AUX issue-380 72 14 more more ADV issue-380 72 15 convenient convenient ADJ issue-380 72 16 than than ADP issue-380 72 17 today today NOUN issue-380 72 18 's 's PART issue-380 72 19 national national ADJ issue-380 72 20 currencies currency NOUN issue-380 72 21 , , PUNCT issue-380 72 22 which which PRON issue-380 72 23 by by ADP issue-380 72 24 then then ADV issue-380 72 25 will will AUX issue-380 72 26 seem seem VERB issue-380 72 27 a a DET issue-380 72 28 quaint quaint NOUN issue-380 72 29 cause cause NOUN issue-380 72 30 of of ADP issue-380 72 31 much much ADJ issue-380 72 32 disruption disruption NOUN issue-380 72 33 to to ADP issue-380 72 34 economic economic ADJ issue-380 72 35 life life NOUN issue-380 72 36 in in ADP issue-380 72 37 the the DET issue-380 72 38 last last ADJ issue-380 72 39 twentieth twentieth ADJ issue-380 72 40 century century NOUN issue-380 72 41 ” " PUNCT issue-380 72 42 ( ( PUNCT issue-380 72 43 mamotenko mamotenko ADV issue-380 72 44 , , PUNCT issue-380 72 45 2009 2009 NUM issue-380 72 46 ) ) PUNCT issue-380 72 47 . . PUNCT issue-380 73 1 given give VERB issue-380 73 2 that that SCONJ issue-380 73 3 the the DET issue-380 73 4 prophecy prophecy NOUN issue-380 73 5 was be AUX issue-380 73 6 made make VERB issue-380 73 7 in in ADP issue-380 73 8 1988 1988 NUM issue-380 73 9 for for ADP issue-380 73 10 the the DET issue-380 73 11 thirty thirty NUM issue-380 73 12 - - PUNCT issue-380 73 13 year year NOUN issue-380 73 14 perspective perspective NOUN issue-380 73 15 , , PUNCT issue-380 73 16 it it PRON issue-380 73 17 should should AUX issue-380 73 18 be be AUX issue-380 73 19 realized realize VERB issue-380 73 20 in in ADP issue-380 73 21 2018 2018 NUM issue-380 73 22 , , PUNCT issue-380 73 23 what what PRON issue-380 73 24 makes make VERB issue-380 73 25 this this DET issue-380 73 26 study study NOUN issue-380 73 27 even even ADV issue-380 73 28 more more ADV issue-380 73 29 relevant relevant ADJ issue-380 73 30 . . PUNCT issue-380 74 1 baltic baltic PROPN issue-380 74 2 journal journal PROPN issue-380 74 3 of of ADP issue-380 74 4 economic economic ADJ issue-380 74 5 studies study NOUN issue-380 74 6 56 56 NUM issue-380 74 7 vol vol NOUN issue-380 74 8 . . PROPN issue-380 75 1 4 4 NUM issue-380 75 2 , , PUNCT issue-380 75 3 no no INTJ issue-380 75 4 . . NOUN issue-380 75 5 2 2 NUM issue-380 75 6 , , PUNCT issue-380 75 7 2018 2018 NUM issue-380 75 8 at at ADP issue-380 75 9 this this DET issue-380 75 10 point point NOUN issue-380 75 11 , , PUNCT issue-380 75 12 usd usd NOUN issue-380 75 13 can can AUX issue-380 75 14 be be AUX issue-380 75 15 called call VERB issue-380 75 16 world world NOUN issue-380 75 17 currency currency NOUN issue-380 75 18 with with ADP issue-380 75 19 some some DET issue-380 75 20 conventions convention NOUN issue-380 75 21 . . PUNCT issue-380 76 1 although although SCONJ issue-380 76 2 , , PUNCT issue-380 76 3 it it PRON issue-380 76 4 is be AUX issue-380 76 5 n’t not PART issue-380 76 6 used use VERB issue-380 76 7 in in ADP issue-380 76 8 a a DET issue-380 76 9 number number NOUN issue-380 76 10 of of ADP issue-380 76 11 countries country NOUN issue-380 76 12 . . PUNCT issue-380 77 1 the the DET issue-380 77 2 international international ADJ issue-380 77 3 financial financial ADJ issue-380 77 4 relations relation NOUN issue-380 77 5 are be AUX issue-380 77 6 based base VERB issue-380 77 7 on on ADP issue-380 77 8 the the DET issue-380 77 9 american american ADJ issue-380 77 10 dollar dollar NOUN issue-380 77 11 . . PUNCT issue-380 78 1 this this DET issue-380 78 2 situation situation NOUN issue-380 78 3 does do AUX issue-380 78 4 not not PART issue-380 78 5 suit suit VERB issue-380 78 6 the the DET issue-380 78 7 government government NOUN issue-380 78 8 of of ADP issue-380 78 9 a a DET issue-380 78 10 significant significant ADJ issue-380 78 11 number number NOUN issue-380 78 12 of of ADP issue-380 78 13 countries country NOUN issue-380 78 14 that that PRON issue-380 78 15 understand understand VERB issue-380 78 16 that that SCONJ issue-380 78 17 we we PRON issue-380 78 18 should should AUX issue-380 78 19 not not PART issue-380 78 20 allow allow VERB issue-380 78 21 one one NUM issue-380 78 22 state state NOUN issue-380 78 23 to to PART issue-380 78 24 be be AUX issue-380 78 25 emission emission NOUN issue-380 78 26 centre centre NOUN issue-380 78 27 of of ADP issue-380 78 28 the the DET issue-380 78 29 whole whole ADJ issue-380 78 30 world world NOUN issue-380 78 31 . . PUNCT issue-380 79 1 the the DET issue-380 79 2 desire desire NOUN issue-380 79 3 to to PART issue-380 79 4 introduce introduce VERB issue-380 79 5 a a DET issue-380 79 6 single single ADJ issue-380 79 7 world world NOUN issue-380 79 8 currency currency NOUN issue-380 79 9 is be AUX issue-380 79 10 quite quite ADV issue-380 79 11 understandable understandable ADJ issue-380 79 12 . . PUNCT issue-380 80 1 the the DET issue-380 80 2 supporters supporter NOUN issue-380 80 3 of of ADP issue-380 80 4 the the DET issue-380 80 5 innovations innovation NOUN issue-380 80 6 propose propose VERB issue-380 80 7 to to PART issue-380 80 8 create create VERB issue-380 80 9 a a DET issue-380 80 10 new new ADJ issue-380 80 11 instead instead ADV issue-380 80 12 of of ADP issue-380 80 13 using use VERB issue-380 80 14 an an DET issue-380 80 15 existing exist VERB issue-380 80 16 one one NUM issue-380 80 17 at at ADP issue-380 80 18 the the DET issue-380 80 19 moment moment NOUN issue-380 80 20 . . PUNCT issue-380 81 1 however however ADV issue-380 81 2 , , PUNCT issue-380 81 3 in in ADP issue-380 81 4 any any DET issue-380 81 5 case case NOUN issue-380 81 6 , , PUNCT issue-380 81 7 the the DET issue-380 81 8 country country NOUN issue-380 81 9 that that PRON issue-380 81 10 will will AUX issue-380 81 11 receive receive VERB issue-380 81 12 emission emission NOUN issue-380 81 13 right right NOUN issue-380 81 14 will will AUX issue-380 81 15 be be AUX issue-380 81 16 in in ADP issue-380 81 17 a a DET issue-380 81 18 better well ADJ issue-380 81 19 position position NOUN issue-380 81 20 than than ADP issue-380 81 21 other other ADJ issue-380 81 22 participants participant NOUN issue-380 81 23 in in ADP issue-380 81 24 the the DET issue-380 81 25 global global ADJ issue-380 81 26 financial financial ADJ issue-380 81 27 system system NOUN issue-380 81 28 . . PUNCT issue-380 82 1 therefore therefore ADV issue-380 82 2 , , PUNCT issue-380 82 3 it it PRON issue-380 82 4 is be AUX issue-380 82 5 advisable advisable ADJ issue-380 82 6 to to PART issue-380 82 7 assume assume VERB issue-380 82 8 that that SCONJ issue-380 82 9 a a DET issue-380 82 10 new new ADJ issue-380 82 11 stage stage NOUN issue-380 82 12 of of ADP issue-380 82 13 fiscal fiscal ADJ issue-380 82 14 centralization centralization NOUN issue-380 82 15 and and CCONJ issue-380 82 16 globalization globalization NOUN issue-380 82 17 will will AUX issue-380 82 18 be be AUX issue-380 82 19 a a DET issue-380 82 20 single single ADJ issue-380 82 21 world world NOUN issue-380 82 22 of of ADP issue-380 82 23 digital digital ADJ issue-380 82 24 origin origin NOUN issue-380 82 25 . . PUNCT issue-380 83 1 it it PRON issue-380 83 2 can can AUX issue-380 83 3 be be AUX issue-380 83 4 assumed assume VERB issue-380 83 5 that that SCONJ issue-380 83 6 it it PRON issue-380 83 7 will will AUX issue-380 83 8 be be AUX issue-380 83 9 similar similar ADJ issue-380 83 10 to to ADP issue-380 83 11 the the DET issue-380 83 12 bitcoin bitcoin PROPN issue-380 83 13 blockchain blockchain NOUN issue-380 83 14 , , PUNCT issue-380 83 15 which which PRON issue-380 83 16 for for ADP issue-380 83 17 many many ADJ issue-380 83 18 has have AUX issue-380 83 19 become become VERB issue-380 83 20 a a DET issue-380 83 21 factor factor NOUN issue-380 83 22 in in ADP issue-380 83 23 the the DET issue-380 83 24 reliability reliability NOUN issue-380 83 25 of of ADP issue-380 83 26 cryptocurrencies cryptocurrencie NOUN issue-380 83 27 , , PUNCT issue-380 83 28 proved prove VERB issue-380 83 29 to to PART issue-380 83 30 be be AUX issue-380 83 31 beneficial beneficial ADJ issue-380 83 32 for for ADP issue-380 83 33 market market NOUN issue-380 83 34 regulators regulator NOUN issue-380 83 35 and and CCONJ issue-380 83 36 authorities authority NOUN issue-380 83 37 . . PUNCT issue-380 84 1 opponents opponent NOUN issue-380 84 2 of of ADP issue-380 84 3 cryptocurrencies cryptocurrencie NOUN issue-380 84 4 claim claim VERB issue-380 84 5 that that SCONJ issue-380 84 6 their their PRON issue-380 84 7 significant significant ADJ issue-380 84 8 drawback drawback NOUN issue-380 84 9 is be AUX issue-380 84 10 the the DET issue-380 84 11 possibility possibility NOUN issue-380 84 12 to to PART issue-380 84 13 use use VERB issue-380 84 14 outside outside ADP issue-380 84 15 the the DET issue-380 84 16 official official ADJ issue-380 84 17 financial financial ADJ issue-380 84 18 accounts account NOUN issue-380 84 19 , , PUNCT issue-380 84 20 i.e. i.e. X issue-380 84 21 for for ADP issue-380 84 22 the the DET issue-380 84 23 needs need NOUN issue-380 84 24 of of ADP issue-380 84 25 the the DET issue-380 84 26 shadow shadow NOUN issue-380 84 27 economy economy NOUN issue-380 84 28 . . PUNCT issue-380 85 1 however however ADV issue-380 85 2 , , PUNCT issue-380 85 3 if if SCONJ issue-380 85 4 the the DET issue-380 85 5 authorities authority NOUN issue-380 85 6 need need VERB issue-380 85 7 to to PART issue-380 85 8 track track VERB issue-380 85 9 transactions transaction NOUN issue-380 85 10 using use VERB issue-380 85 11 bitcoin bitcoin NOUN issue-380 85 12 , , PUNCT issue-380 85 13 due due ADP issue-380 85 14 to to ADP issue-380 85 15 the the DET issue-380 85 16 development development NOUN issue-380 85 17 of of ADP issue-380 85 18 modern modern ADJ issue-380 85 19 technologies technology NOUN issue-380 85 20 and and CCONJ issue-380 85 21 information information NOUN issue-380 85 22 systems system NOUN issue-380 85 23 , , PUNCT issue-380 85 24 they they PRON issue-380 85 25 will will AUX issue-380 85 26 be be AUX issue-380 85 27 able able ADJ issue-380 85 28 to to PART issue-380 85 29 do do VERB issue-380 85 30 it it PRON issue-380 85 31 , , PUNCT issue-380 85 32 no no ADV issue-380 85 33 matter matter ADV issue-380 85 34 how how SCONJ issue-380 85 35 good good ADJ issue-380 85 36 the the DET issue-380 85 37 attackers attacker NOUN issue-380 85 38 will will AUX issue-380 85 39 try try VERB issue-380 85 40 to to PART issue-380 85 41 hide hide VERB issue-380 85 42 their their PRON issue-380 85 43 actions action NOUN issue-380 85 44 . . PUNCT issue-380 86 1 the the DET issue-380 86 2 prospect prospect NOUN issue-380 86 3 of of ADP issue-380 86 4 anonymity anonymity NOUN issue-380 86 5 while while SCONJ issue-380 86 6 using use VERB issue-380 86 7 cryptanalytic cryptanalytic NOUN issue-380 86 8 has have AUX issue-380 86 9 not not PART issue-380 86 10 been be AUX issue-380 86 11 completely completely ADV issue-380 86 12 proven prove VERB issue-380 86 13 . . PUNCT issue-380 87 1 thus thus ADV issue-380 87 2 , , PUNCT issue-380 87 3 there there PRON issue-380 87 4 is be VERB issue-380 87 5 every every DET issue-380 87 6 reason reason NOUN issue-380 87 7 to to PART issue-380 87 8 believe believe VERB issue-380 87 9 that that SCONJ issue-380 87 10 central central ADJ issue-380 87 11 banks bank NOUN issue-380 87 12 and and CCONJ issue-380 87 13 international international ADJ issue-380 87 14 financial financial ADJ issue-380 87 15 conglomerates conglomerate NOUN issue-380 87 16 will will AUX issue-380 87 17 actively actively ADV issue-380 87 18 use use VERB issue-380 87 19 bitcoin bitcoin NOUN issue-380 87 20 as as ADP issue-380 87 21 a a DET issue-380 87 22 world world NOUN issue-380 87 23 currency currency NOUN issue-380 87 24 . . PUNCT issue-380 88 1 it it PRON issue-380 88 2 will will AUX issue-380 88 3 probably probably ADV issue-380 88 4 appear appear VERB issue-380 88 5 to to PART issue-380 88 6 be be AUX issue-380 88 7 the the DET issue-380 88 8 mythical mythical ADJ issue-380 88 9 currency currency NOUN issue-380 88 10 “ " PUNCT issue-380 88 11 phoenix phoenix PROPN issue-380 88 12 ” " PUNCT issue-380 88 13 , , PUNCT issue-380 88 14 which which PRON issue-380 88 15 was be AUX issue-380 88 16 foreseen foresee VERB issue-380 88 17 in in ADP issue-380 88 18 1988 1988 NUM issue-380 88 19 . . PUNCT issue-380 89 1 an an DET issue-380 89 2 incredible incredible ADJ issue-380 89 3 amount amount NOUN issue-380 89 4 of of ADP issue-380 89 5 capital capital NOUN issue-380 89 6 invested invest VERB issue-380 89 7 by by ADP issue-380 89 8 large large ADJ issue-380 89 9 financiers financier NOUN issue-380 89 10 in in ADP issue-380 89 11 the the DET issue-380 89 12 blockchain blockchain NOUN issue-380 89 13 , , PUNCT issue-380 89 14 support support NOUN issue-380 89 15 from from ADP issue-380 89 16 central central ADJ issue-380 89 17 banks bank NOUN issue-380 89 18 is be AUX issue-380 89 19 a a DET issue-380 89 20 signal signal NOUN issue-380 89 21 that that SCONJ issue-380 89 22 the the DET issue-380 89 23 technology technology NOUN issue-380 89 24 of of ADP issue-380 89 25 the the DET issue-380 89 26 blockchain blockchain PROPN issue-380 89 27 will will AUX issue-380 89 28 form form VERB issue-380 89 29 the the DET issue-380 89 30 basis basis NOUN issue-380 89 31 for for ADP issue-380 89 32 the the DET issue-380 89 33 currency currency NOUN issue-380 89 34 system system NOUN issue-380 89 35 of of ADP issue-380 89 36 a a DET issue-380 89 37 “ " PUNCT issue-380 89 38 new new ADJ issue-380 89 39 world world NOUN issue-380 89 40 order order NOUN issue-380 89 41 ” " PUNCT issue-380 89 42 and and CCONJ issue-380 89 43 accelerate accelerate VERB issue-380 89 44 the the DET issue-380 89 45 onset onset NOUN issue-380 89 46 of of ADP issue-380 89 47 the the DET issue-380 89 48 financial financial ADJ issue-380 89 49 unity unity NOUN issue-380 89 50 of of ADP issue-380 89 51 the the DET issue-380 89 52 world world NOUN issue-380 89 53 in in ADP issue-380 89 54 its its PRON issue-380 89 55 perfect perfect ADJ issue-380 89 56 form form NOUN issue-380 89 57 . . PUNCT issue-380 90 1 5 5 X issue-380 90 2 . . NOUN issue-380 90 3 advantages advantage NOUN issue-380 90 4 and and CCONJ issue-380 90 5 threats threat NOUN issue-380 90 6 from from ADP issue-380 90 7 the the DET issue-380 90 8 financial financial ADJ issue-380 90 9 unity unity NOUN issue-380 90 10 of of ADP issue-380 90 11 the the DET issue-380 90 12 world world NOUN issue-380 90 13 and and CCONJ issue-380 90 14 financial financial ADJ issue-380 90 15 globalization globalization NOUN issue-380 90 16 what what PRON issue-380 90 17 will will AUX issue-380 90 18 the the DET issue-380 90 19 introduction introduction NOUN issue-380 90 20 of of ADP issue-380 90 21 the the DET issue-380 90 22 single single ADJ issue-380 90 23 global global ADJ issue-380 90 24 currency currency NOUN issue-380 90 25 on on ADP issue-380 90 26 the the DET issue-380 90 27 globalization globalization NOUN issue-380 90 28 scale scale NOUN issue-380 90 29 help help NOUN issue-380 90 30 achieve achieve VERB issue-380 90 31 ? ? PUNCT issue-380 91 1 its its PRON issue-380 91 2 use use NOUN issue-380 91 3 will will AUX issue-380 91 4 allow allow VERB issue-380 91 5 avoiding avoid VERB issue-380 91 6 sharp sharp ADJ issue-380 91 7 rate rate NOUN issue-380 91 8 fluctuations fluctuation NOUN issue-380 91 9 of of ADP issue-380 91 10 national national ADJ issue-380 91 11 currencies currency NOUN issue-380 91 12 . . PUNCT issue-380 92 1 and and CCONJ issue-380 92 2 will will AUX issue-380 92 3 contribute contribute VERB issue-380 92 4 , , PUNCT issue-380 92 5 therefore therefore ADV issue-380 92 6 , , PUNCT issue-380 92 7 to to ADP issue-380 92 8 an an DET issue-380 92 9 active active ADJ issue-380 92 10 development development NOUN issue-380 92 11 of of ADP issue-380 92 12 international international ADJ issue-380 92 13 economic economic ADJ issue-380 92 14 relations relation NOUN issue-380 92 15 ( ( PUNCT issue-380 92 16 i.e. i.e. X issue-380 92 17 economic economic ADJ issue-380 92 18 globalization globalization NOUN issue-380 92 19 ) ) PUNCT issue-380 92 20 . . PUNCT issue-380 93 1 this this DET issue-380 93 2 study study NOUN issue-380 93 3 determines determine VERB issue-380 93 4 the the DET issue-380 93 5 advantages advantage NOUN issue-380 93 6 and and CCONJ issue-380 93 7 threats threat NOUN issue-380 93 8 from from ADP issue-380 93 9 the the DET issue-380 93 10 financial financial ADJ issue-380 93 11 unity unity NOUN issue-380 93 12 of of ADP issue-380 93 13 the the DET issue-380 93 14 world world NOUN issue-380 93 15 and and CCONJ issue-380 93 16 financial financial ADJ issue-380 93 17 globalization globalization NOUN issue-380 93 18 ( ( PUNCT issue-380 93 19 see see VERB issue-380 93 20 table table NOUN issue-380 93 21 2 2 NUM issue-380 93 22 ) ) PUNCT issue-380 93 23 , , PUNCT issue-380 93 24 the the DET issue-380 93 25 occurrence occurrence NOUN issue-380 93 26 of of ADP issue-380 93 27 which which PRON issue-380 93 28 , , PUNCT issue-380 93 29 however however ADV issue-380 93 30 , , PUNCT issue-380 93 31 is be AUX issue-380 93 32 inevitable inevitable ADJ issue-380 93 33 , , PUNCT issue-380 93 34 given give VERB issue-380 93 35 the the DET issue-380 93 36 active active ADJ issue-380 93 37 development development NOUN issue-380 93 38 of of ADP issue-380 93 39 globalization globalization NOUN issue-380 93 40 processes process NOUN issue-380 93 41 in in ADP issue-380 93 42 the the DET issue-380 93 43 world world NOUN issue-380 93 44 . . PUNCT issue-380 94 1 in in ADP issue-380 94 2 spite spite NOUN issue-380 94 3 of of ADP issue-380 94 4 the the DET issue-380 94 5 suggestions suggestion NOUN issue-380 94 6 regarding regard VERB issue-380 94 7 the the DET issue-380 94 8 possible possible ADJ issue-380 94 9 negative negative ADJ issue-380 94 10 effects effect NOUN issue-380 94 11 of of ADP issue-380 94 12 the the DET issue-380 94 13 financial financial ADJ issue-380 94 14 unity unity NOUN issue-380 94 15 of of ADP issue-380 94 16 the the DET issue-380 94 17 world world NOUN issue-380 94 18 , , PUNCT issue-380 94 19 accelerating accelerate VERB issue-380 94 20 its its PRON issue-380 94 21 onset onset NOUN issue-380 94 22 in in ADP issue-380 94 23 a a DET issue-380 94 24 final final ADJ issue-380 94 25 , , PUNCT issue-380 94 26 perfect perfect ADJ issue-380 94 27 form form NOUN issue-380 94 28 would would AUX issue-380 94 29 provide provide VERB issue-380 94 30 significant significant ADJ issue-380 94 31 benefits benefit NOUN issue-380 94 32 for for ADP issue-380 94 33 the the DET issue-380 94 34 global global ADJ issue-380 94 35 economic economic ADJ issue-380 94 36 development development NOUN issue-380 94 37 . . PUNCT issue-380 95 1 6 6 X issue-380 95 2 . . X issue-380 95 3 conclusions conclusion NOUN issue-380 95 4 a a DET issue-380 95 5 study study NOUN issue-380 95 6 of of ADP issue-380 95 7 trends trend NOUN issue-380 95 8 and and CCONJ issue-380 95 9 characteristics characteristic NOUN issue-380 95 10 of of ADP issue-380 95 11 the the DET issue-380 95 12 financial financial ADJ issue-380 95 13 unity unity NOUN issue-380 95 14 of of ADP issue-380 95 15 the the DET issue-380 95 16 world world NOUN issue-380 95 17 as as ADP issue-380 95 18 an an DET issue-380 95 19 integral integral ADJ issue-380 95 20 component component NOUN issue-380 95 21 of of ADP issue-380 95 22 globalization globalization NOUN issue-380 95 23 has have AUX issue-380 95 24 led lead VERB issue-380 95 25 to to ADP issue-380 95 26 the the DET issue-380 95 27 following follow VERB issue-380 95 28 conclusions conclusion NOUN issue-380 95 29 . . PUNCT issue-380 96 1 1 1 X issue-380 96 2 . . X issue-380 96 3 the the DET issue-380 96 4 world world NOUN issue-380 96 5 financial financial ADJ issue-380 96 6 unity unity NOUN issue-380 96 7 has have AUX issue-380 96 8 been be AUX issue-380 96 9 proven prove VERB issue-380 96 10 to to PART issue-380 96 11 be be AUX issue-380 96 12 an an DET issue-380 96 13 integral integral ADJ issue-380 96 14 part part NOUN issue-380 96 15 of of ADP issue-380 96 16 globalization globalization NOUN issue-380 96 17 . . PUNCT issue-380 97 1 the the DET issue-380 97 2 convergence convergence NOUN issue-380 97 3 table table NOUN issue-380 97 4 2 2 NUM issue-380 97 5 positive positive ADJ issue-380 97 6 and and CCONJ issue-380 97 7 negative negative ADJ issue-380 97 8 effects effect NOUN issue-380 97 9 of of ADP issue-380 97 10 the the DET issue-380 97 11 onset onset NOUN issue-380 97 12 of of ADP issue-380 97 13 the the DET issue-380 97 14 world world NOUN issue-380 97 15 financial financial ADJ issue-380 97 16 unity unity NOUN issue-380 97 17 and and CCONJ issue-380 97 18 financial financial ADJ issue-380 97 19 globalization globalization NOUN issue-380 97 20 positive positive ADJ issue-380 97 21 consequences consequence NOUN issue-380 97 22 negative negative ADJ issue-380 97 23 effects effect NOUN issue-380 97 24 the the DET issue-380 97 25 free free ADJ issue-380 97 26 exchange exchange NOUN issue-380 97 27 of of ADP issue-380 97 28 financial financial ADJ issue-380 97 29 assets asset NOUN issue-380 97 30 , , PUNCT issue-380 97 31 financial financial ADJ issue-380 97 32 products product NOUN issue-380 97 33 and and CCONJ issue-380 97 34 services service NOUN issue-380 97 35 in in ADP issue-380 97 36 any any DET issue-380 97 37 country country NOUN issue-380 97 38 in in ADP issue-380 97 39 the the DET issue-380 97 40 world world NOUN issue-380 97 41 the the DET issue-380 97 42 possibility possibility NOUN issue-380 97 43 to to PART issue-380 97 44 raise raise VERB issue-380 97 45 prices price NOUN issue-380 97 46 for for ADP issue-380 97 47 financial financial ADJ issue-380 97 48 products product NOUN issue-380 97 49 and and CCONJ issue-380 97 50 services service NOUN issue-380 97 51 by by ADP issue-380 97 52 means mean NOUN issue-380 97 53 of of ADP issue-380 97 54 the the DET issue-380 97 55 financial financial ADJ issue-380 97 56 oligopoly oligopoly NOUN issue-380 97 57 of of ADP issue-380 97 58 international international ADJ issue-380 97 59 companies company NOUN issue-380 97 60 cost cost VERB issue-380 97 61 reduction reduction NOUN issue-380 97 62 and and CCONJ issue-380 97 63 financial financial ADJ issue-380 97 64 services service NOUN issue-380 97 65 due due ADP issue-380 97 66 to to ADP issue-380 97 67 the the DET issue-380 97 68 tax tax NOUN issue-380 97 69 - - PUNCT issue-380 97 70 free free ADJ issue-380 97 71 currency currency NOUN issue-380 97 72 exchange exchange NOUN issue-380 97 73 leaving leave VERB issue-380 97 74 the the DET issue-380 97 75 financial financial ADJ issue-380 97 76 market market NOUN issue-380 97 77 for for ADP issue-380 97 78 small small ADJ issue-380 97 79 business business NOUN issue-380 97 80 financial financial ADJ issue-380 97 81 forms form NOUN issue-380 97 82 the the DET issue-380 97 83 increase increase NOUN issue-380 97 84 in in ADP issue-380 97 85 the the DET issue-380 97 86 rate rate NOUN issue-380 97 87 of of ADP issue-380 97 88 financial financial ADJ issue-380 97 89 services service NOUN issue-380 97 90 through through ADP issue-380 97 91 the the DET issue-380 97 92 use use NOUN issue-380 97 93 of of ADP issue-380 97 94 single single ADJ issue-380 97 95 settlement settlement NOUN issue-380 97 96 and and CCONJ issue-380 97 97 payment payment NOUN issue-380 97 98 systems system NOUN issue-380 97 99 total total NOUN issue-380 97 100 control control NOUN issue-380 97 101 of of ADP issue-380 97 102 international international ADJ issue-380 97 103 financial financial ADJ issue-380 97 104 organizations organization NOUN issue-380 97 105 of of ADP issue-380 97 106 the the DET issue-380 97 107 functioning functioning NOUN issue-380 97 108 of of ADP issue-380 97 109 national national ADJ issue-380 97 110 financial financial ADJ issue-380 97 111 systems system NOUN issue-380 97 112 levelling levelling NOUN issue-380 97 113 of of ADP issue-380 97 114 the the DET issue-380 97 115 cost cost NOUN issue-380 97 116 of of ADP issue-380 97 117 issuing issue VERB issue-380 97 118 paper paper NOUN issue-380 97 119 money money NOUN issue-380 97 120 provided provide VERB issue-380 97 121 the the DET issue-380 97 122 use use NOUN issue-380 97 123 of of ADP issue-380 97 124 a a DET issue-380 97 125 single single ADJ issue-380 97 126 digital digital ADJ issue-380 97 127 currency currency NOUN issue-380 97 128 ( ( PUNCT issue-380 97 129 cryptanalytic cryptanalytic NOUN issue-380 97 130 ) ) PUNCT issue-380 97 131 the the DET issue-380 97 132 use use NOUN issue-380 97 133 of of ADP issue-380 97 134 cryptocurrencies cryptocurrencie NOUN issue-380 97 135 with with ADP issue-380 97 136 criminal criminal ADJ issue-380 97 137 intent intent NOUN issue-380 97 138 through through ADP issue-380 97 139 the the DET issue-380 97 140 use use NOUN issue-380 97 141 of of ADP issue-380 97 142 information information NOUN issue-380 97 143 and and CCONJ issue-380 97 144 computer computer NOUN issue-380 97 145 technology technology NOUN issue-380 97 146 the the DET issue-380 97 147 introduction introduction NOUN issue-380 97 148 of of ADP issue-380 97 149 the the DET issue-380 97 150 unified unified ADJ issue-380 97 151 rules rule NOUN issue-380 97 152 of of ADP issue-380 97 153 conducting conduct VERB issue-380 97 154 the the DET issue-380 97 155 financial financial ADJ issue-380 97 156 business business NOUN issue-380 97 157 , , PUNCT issue-380 97 158 single single ADJ issue-380 97 159 standards standard NOUN issue-380 97 160 and and CCONJ issue-380 97 161 requirements requirement NOUN issue-380 97 162 for for ADP issue-380 97 163 the the DET issue-380 97 164 quality quality NOUN issue-380 97 165 of of ADP issue-380 97 166 financial financial ADJ issue-380 97 167 products product NOUN issue-380 97 168 and and CCONJ issue-380 97 169 services service NOUN issue-380 97 170 the the DET issue-380 97 171 increasing increase VERB issue-380 97 172 number number NOUN issue-380 97 173 of of ADP issue-380 97 174 financial financial ADJ issue-380 97 175 frauds fraud NOUN issue-380 97 176 and and CCONJ issue-380 97 177 economic economic ADJ issue-380 97 178 crimes crime NOUN issue-380 97 179 with with ADP issue-380 97 180 the the DET issue-380 97 181 use use NOUN issue-380 97 182 of of ADP issue-380 97 183 computer computer NOUN issue-380 97 184 technology technology NOUN issue-380 97 185 the the DET issue-380 97 186 ability ability NOUN issue-380 97 187 to to PART issue-380 97 188 control control VERB issue-380 97 189 all all DET issue-380 97 190 cash cash NOUN issue-380 97 191 flows flow NOUN issue-380 97 192 to to PART issue-380 97 193 minimize minimize VERB issue-380 97 194 the the DET issue-380 97 195 shadow shadow NOUN issue-380 97 196 economy economy NOUN issue-380 97 197 , , PUNCT issue-380 97 198 funding funding NOUN issue-380 97 199 of of ADP issue-380 97 200 terrorism terrorism NOUN issue-380 97 201 and and CCONJ issue-380 97 202 money money NOUN issue-380 97 203 laundering launder VERB issue-380 97 204 the the DET issue-380 97 205 possibility possibility NOUN issue-380 97 206 of of ADP issue-380 97 207 destruction destruction NOUN issue-380 97 208 of of ADP issue-380 97 209 the the DET issue-380 97 210 entire entire ADJ issue-380 97 211 global global ADJ issue-380 97 212 financial financial ADJ issue-380 97 213 system system NOUN issue-380 97 214 and and CCONJ issue-380 97 215 its its PRON issue-380 97 216 architecture architecture NOUN issue-380 97 217 by by ADP issue-380 97 218 a a DET issue-380 97 219 large large ADJ issue-380 97 220 - - PUNCT issue-380 97 221 scale scale NOUN issue-380 97 222 hacker hacker NOUN issue-380 97 223 attack attack NOUN issue-380 97 224 improving improve VERB issue-380 97 225 financial financial ADJ issue-380 97 226 literacy literacy NOUN issue-380 97 227 of of ADP issue-380 97 228 the the DET issue-380 97 229 world world NOUN issue-380 97 230 ’s ’s PART issue-380 97 231 population population NOUN issue-380 97 232 the the DET issue-380 97 233 destruction destruction NOUN issue-380 97 234 of of ADP issue-380 97 235 the the DET issue-380 97 236 national national ADJ issue-380 97 237 financial financial ADJ issue-380 97 238 diversity diversity NOUN issue-380 97 239 of of ADP issue-380 97 240 banknotes banknote NOUN issue-380 97 241 , , PUNCT issue-380 97 242 coins coin NOUN issue-380 97 243 and and CCONJ issue-380 97 244 other other ADJ issue-380 97 245 means mean NOUN issue-380 97 246 of of ADP issue-380 97 247 calculation calculation NOUN issue-380 97 248 the the DET issue-380 97 249 increase increase NOUN issue-380 97 250 in in ADP issue-380 97 251 demand demand NOUN issue-380 97 252 for for ADP issue-380 97 253 financial financial ADJ issue-380 97 254 products product NOUN issue-380 97 255 and and CCONJ issue-380 97 256 services service NOUN issue-380 97 257 , , PUNCT issue-380 97 258 the the DET issue-380 97 259 ability ability NOUN issue-380 97 260 to to PART issue-380 97 261 use use VERB issue-380 97 262 them they PRON issue-380 97 263 to to PART issue-380 97 264 increase increase VERB issue-380 97 265 the the DET issue-380 97 266 level level NOUN issue-380 97 267 of of ADP issue-380 97 268 welfare welfare NOUN issue-380 97 269 of of ADP issue-380 97 270 the the DET issue-380 97 271 population population NOUN issue-380 97 272 of of ADP issue-380 97 273 the the DET issue-380 97 274 world world NOUN issue-380 97 275 the the DET issue-380 97 276 redistribution redistribution NOUN issue-380 97 277 of of ADP issue-380 97 278 financial financial ADJ issue-380 97 279 resources resource NOUN issue-380 97 280 in in ADP issue-380 97 281 favour favour NOUN issue-380 97 282 of of ADP issue-380 97 283 international international ADJ issue-380 97 284 financial financial ADJ issue-380 97 285 centres centre NOUN issue-380 97 286 , , PUNCT issue-380 97 287 favouritism favouritism NOUN issue-380 97 288 in in ADP issue-380 97 289 the the DET issue-380 97 290 allocation allocation NOUN issue-380 97 291 of of ADP issue-380 97 292 investment investment NOUN issue-380 97 293 capital capital NOUN issue-380 97 294 facilitating facilitate VERB issue-380 97 295 the the DET issue-380 97 296 access access NOUN issue-380 97 297 to to ADP issue-380 97 298 investment investment NOUN issue-380 97 299 resources resource NOUN issue-380 97 300 on on ADP issue-380 97 301 the the DET issue-380 97 302 capital capital NOUN issue-380 97 303 market market NOUN issue-380 97 304 the the DET issue-380 97 305 inability inability NOUN issue-380 97 306 to to PART issue-380 97 307 withstand withstand VERB issue-380 97 308 the the DET issue-380 97 309 global global ADJ issue-380 97 310 financial financial ADJ issue-380 97 311 crises crisis NOUN issue-380 97 312 by by ADP issue-380 97 313 the the DET issue-380 97 314 means mean NOUN issue-380 97 315 of of ADP issue-380 97 316 national national ADJ issue-380 97 317 financial financial ADJ issue-380 97 318 systems system NOUN issue-380 97 319 resource resource NOUN issue-380 97 320 : : PUNCT issue-380 97 321 compiled compile VERB issue-380 97 322 by by ADP issue-380 97 323 the the DET issue-380 97 324 authors author NOUN issue-380 97 325 baltic baltic PROPN issue-380 97 326 journal journal PROPN issue-380 97 327 of of ADP issue-380 97 328 economic economic ADJ issue-380 97 329 studies study NOUN issue-380 97 330 57 57 NUM issue-380 97 331 vol vol NOUN issue-380 97 332 . . PROPN issue-380 98 1 4 4 NUM issue-380 98 2 , , PUNCT issue-380 98 3 no no INTJ issue-380 98 4 . . NOUN issue-380 98 5 2 2 NUM issue-380 98 6 , , PUNCT issue-380 98 7 2018 2018 NUM issue-380 98 8 of of ADP issue-380 98 9 various various ADJ issue-380 98 10 political political ADJ issue-380 98 11 , , PUNCT issue-380 98 12 cultural cultural ADJ issue-380 98 13 , , PUNCT issue-380 98 14 economic economic ADJ issue-380 98 15 trends trend NOUN issue-380 98 16 , , PUNCT issue-380 98 17 the the DET issue-380 98 18 formation formation NOUN issue-380 98 19 of of ADP issue-380 98 20 unions union NOUN issue-380 98 21 of of ADP issue-380 98 22 states state NOUN issue-380 98 23 , , PUNCT issue-380 98 24 common common ADJ issue-380 98 25 information information NOUN issue-380 98 26 space space NOUN issue-380 98 27 , , PUNCT issue-380 98 28 supranational supranational ADJ issue-380 98 29 markets market NOUN issue-380 98 30 of of ADP issue-380 98 31 goods good NOUN issue-380 98 32 and and CCONJ issue-380 98 33 services service NOUN issue-380 98 34 necessitated necessitate VERB issue-380 98 35 the the DET issue-380 98 36 exchange exchange NOUN issue-380 98 37 of of ADP issue-380 98 38 financial financial ADJ issue-380 98 39 flows flow NOUN issue-380 98 40 , , PUNCT issue-380 98 41 unification unification NOUN issue-380 98 42 of of ADP issue-380 98 43 models model NOUN issue-380 98 44 of of ADP issue-380 98 45 financial financial ADJ issue-380 98 46 intermediation intermediation NOUN issue-380 98 47 , , PUNCT issue-380 98 48 build build VERB issue-380 98 49 the the DET issue-380 98 50 international international ADJ issue-380 98 51 financial financial ADJ issue-380 98 52 architecture architecture NOUN issue-380 98 53 , , PUNCT issue-380 98 54 the the DET issue-380 98 55 emergence emergence NOUN issue-380 98 56 of of ADP issue-380 98 57 universal universal ADJ issue-380 98 58 means mean NOUN issue-380 98 59 of of ADP issue-380 98 60 payment payment NOUN issue-380 98 61 of of ADP issue-380 98 62 digital digital ADJ issue-380 98 63 currency currency NOUN issue-380 98 64 . . PUNCT issue-380 99 1 financial financial ADJ issue-380 99 2 globalization globalization NOUN issue-380 99 3 has have AUX issue-380 99 4 expanded expand VERB issue-380 99 5 the the DET issue-380 99 6 boundaries boundary NOUN issue-380 99 7 of of ADP issue-380 99 8 the the DET issue-380 99 9 capital capital NOUN issue-380 99 10 markets market NOUN issue-380 99 11 , , PUNCT issue-380 99 12 has have AUX issue-380 99 13 ensured ensure VERB issue-380 99 14 their their PRON issue-380 99 15 smooth smooth ADJ issue-380 99 16 movement movement NOUN issue-380 99 17 to to PART issue-380 99 18 meet meet VERB issue-380 99 19 the the DET issue-380 99 20 financial financial ADJ issue-380 99 21 requirements requirement NOUN issue-380 99 22 and and CCONJ issue-380 99 23 implementation implementation NOUN issue-380 99 24 of of ADP issue-380 99 25 financial financial ADJ issue-380 99 26 interests interest NOUN issue-380 99 27 both both CCONJ issue-380 99 28 at at ADP issue-380 99 29 the the DET issue-380 99 30 macroand macroand NOUN issue-380 99 31 micro micro NOUN issue-380 99 32 - - NOUN issue-380 99 33 level level NOUN issue-380 99 34 . . PUNCT issue-380 100 1 further further ADJ issue-380 100 2 economic economic ADJ issue-380 100 3 development development NOUN issue-380 100 4 on on ADP issue-380 100 5 a a DET issue-380 100 6 global global ADJ issue-380 100 7 scale scale NOUN issue-380 100 8 would would AUX issue-380 100 9 be be AUX issue-380 100 10 impossible impossible ADJ issue-380 100 11 without without ADP issue-380 100 12 the the DET issue-380 100 13 introduction introduction NOUN issue-380 100 14 of of ADP issue-380 100 15 unified unified ADJ issue-380 100 16 norms norm NOUN issue-380 100 17 and and CCONJ issue-380 100 18 rules rule NOUN issue-380 100 19 of of ADP issue-380 100 20 functioning function VERB issue-380 100 21 of of ADP issue-380 100 22 the the DET issue-380 100 23 financial financial ADJ issue-380 100 24 system system NOUN issue-380 100 25 . . PUNCT issue-380 101 1 2 2 X issue-380 101 2 . . X issue-380 101 3 financial financial ADJ issue-380 101 4 unity unity NOUN issue-380 101 5 of of ADP issue-380 101 6 the the DET issue-380 101 7 world world NOUN issue-380 101 8 in in ADP issue-380 101 9 its its PRON issue-380 101 10 modern modern ADJ issue-380 101 11 form form NOUN issue-380 101 12 took take VERB issue-380 101 13 place place NOUN issue-380 101 14 in in ADP issue-380 101 15 several several ADJ issue-380 101 16 stages stage NOUN issue-380 101 17 . . PUNCT issue-380 102 1 the the DET issue-380 102 2 establishment establishment NOUN issue-380 102 3 of of ADP issue-380 102 4 foreign foreign ADJ issue-380 102 5 currency currency NOUN issue-380 102 6 exchange exchange NOUN issue-380 102 7 rates rate NOUN issue-380 102 8 took take VERB issue-380 102 9 place place NOUN issue-380 102 10 on on ADP issue-380 102 11 the the DET issue-380 102 12 first first ADJ issue-380 102 13 one one NUM issue-380 102 14 ; ; PUNCT issue-380 102 15 the the DET issue-380 102 16 course course NOUN issue-380 102 17 towards towards ADP issue-380 102 18 financial financial ADJ issue-380 102 19 markets market NOUN issue-380 102 20 started start VERB issue-380 102 21 on on ADP issue-380 102 22 the the DET issue-380 102 23 second second ADJ issue-380 102 24 one one NUM issue-380 102 25 ; ; PUNCT issue-380 102 26 the the DET issue-380 102 27 third third NOUN issue-380 102 28 included include VERB issue-380 102 29 the the DET issue-380 102 30 creation creation NOUN issue-380 102 31 of of ADP issue-380 102 32 international international ADJ issue-380 102 33 financial financial ADJ issue-380 102 34 companies company NOUN issue-380 102 35 , , PUNCT issue-380 102 36 the the DET issue-380 102 37 noticeable noticeable ADJ issue-380 102 38 increase increase NOUN issue-380 102 39 in in ADP issue-380 102 40 the the DET issue-380 102 41 authority authority NOUN issue-380 102 42 of of ADP issue-380 102 43 international international ADJ issue-380 102 44 financial financial ADJ issue-380 102 45 organizations organization NOUN issue-380 102 46 happened happen VERB issue-380 102 47 in in ADP issue-380 102 48 the the DET issue-380 102 49 fourth fourth ADJ issue-380 102 50 stage stage NOUN issue-380 102 51 ; ; PUNCT issue-380 102 52 the the DET issue-380 102 53 growth growth NOUN issue-380 102 54 of of ADP issue-380 102 55 cashless cashless NOUN issue-380 102 56 payments payment NOUN issue-380 102 57 took take VERB issue-380 102 58 place place NOUN issue-380 102 59 on on ADP issue-380 102 60 the the DET issue-380 102 61 fifth fifth ADJ issue-380 102 62 stage stage NOUN issue-380 102 63 ; ; PUNCT issue-380 102 64 the the DET issue-380 102 65 present present ADJ issue-380 102 66 time time NOUN issue-380 102 67 gradual gradual ADJ issue-380 102 68 levelling levelling NOUN issue-380 102 69 of of ADP issue-380 102 70 the the DET issue-380 102 71 status status NOUN issue-380 102 72 of of ADP issue-380 102 73 the the DET issue-380 102 74 national national ADJ issue-380 102 75 currency currency NOUN issue-380 102 76 , , PUNCT issue-380 102 77 the the DET issue-380 102 78 completion completion NOUN issue-380 102 79 of of ADP issue-380 102 80 the the DET issue-380 102 81 formation formation NOUN issue-380 102 82 of of ADP issue-380 102 83 the the DET issue-380 102 84 global global ADJ issue-380 102 85 financial financial ADJ issue-380 102 86 market market NOUN issue-380 102 87 and and CCONJ issue-380 102 88 building build VERB issue-380 102 89 its its PRON issue-380 102 90 architecture architecture NOUN issue-380 102 91 was be AUX issue-380 102 92 on on ADP issue-380 102 93 the the DET issue-380 102 94 sixth sixth ADJ issue-380 102 95 stage stage NOUN issue-380 102 96 ; ; PUNCT issue-380 102 97 the the DET issue-380 102 98 last last ADJ issue-380 102 99 , , PUNCT issue-380 102 100 seventh seventh ADJ issue-380 102 101 stage stage NOUN issue-380 102 102 is be AUX issue-380 102 103 expected expect VERB issue-380 102 104 to to PART issue-380 102 105 implement implement VERB issue-380 102 106 and and CCONJ issue-380 102 107 use use VERB issue-380 102 108 a a DET issue-380 102 109 single single ADJ issue-380 102 110 digital digital ADJ issue-380 102 111 world world NOUN issue-380 102 112 currency currency NOUN issue-380 102 113 . . PUNCT issue-380 103 1 3 3 X issue-380 103 2 . . X issue-380 103 3 financial financial ADJ issue-380 103 4 globalization globalization NOUN issue-380 103 5 can can AUX issue-380 103 6 have have VERB issue-380 103 7 both both CCONJ issue-380 103 8 positive positive ADJ issue-380 103 9 and and CCONJ issue-380 103 10 negative negative ADJ issue-380 103 11 effects effect NOUN issue-380 103 12 on on ADP issue-380 103 13 the the DET issue-380 103 14 global global ADJ issue-380 103 15 economic economic ADJ issue-380 103 16 order order NOUN issue-380 103 17 . . PUNCT issue-380 104 1 however however ADV issue-380 104 2 , , PUNCT issue-380 104 3 the the DET issue-380 104 4 onset onset NOUN issue-380 104 5 of of ADP issue-380 104 6 the the DET issue-380 104 7 financial financial ADJ issue-380 104 8 unity unity NOUN issue-380 104 9 of of ADP issue-380 104 10 the the DET issue-380 104 11 world world NOUN issue-380 104 12 is be AUX issue-380 104 13 inevitable inevitable ADJ issue-380 104 14 because because SCONJ issue-380 104 15 this this DET issue-380 104 16 phenomenon phenomenon NOUN issue-380 104 17 is be AUX issue-380 104 18 an an DET issue-380 104 19 integral integral ADJ issue-380 104 20 consequence consequence NOUN issue-380 104 21 of of ADP issue-380 104 22 the the DET issue-380 104 23 quality quality NOUN issue-380 104 24 of of ADP issue-380 104 25 the the DET issue-380 104 26 upcoming upcoming ADJ issue-380 104 27 transformation transformation NOUN issue-380 104 28 of of ADP issue-380 104 29 the the DET issue-380 104 30 world world NOUN issue-380 104 31 economic economic ADJ issue-380 104 32 plane plane NOUN issue-380 104 33 . . PUNCT issue-380 105 1 therefore therefore ADV issue-380 105 2 , , PUNCT issue-380 105 3 the the DET issue-380 105 4 level level NOUN issue-380 105 5 of of ADP issue-380 105 6 international international ADJ issue-380 105 7 financial financial ADJ issue-380 105 8 institutions institution NOUN issue-380 105 9 should should AUX issue-380 105 10 develop develop VERB issue-380 105 11 a a DET issue-380 105 12 list list NOUN issue-380 105 13 of of ADP issue-380 105 14 strategic strategic ADJ issue-380 105 15 directives directive NOUN issue-380 105 16 and and CCONJ issue-380 105 17 imperatives imperative NOUN issue-380 105 18 to to PART issue-380 105 19 avoid avoid VERB issue-380 105 20 and and CCONJ issue-380 105 21 minimize minimize VERB issue-380 105 22 the the DET issue-380 105 23 threats threat NOUN issue-380 105 24 that that PRON issue-380 105 25 may may AUX issue-380 105 26 result result VERB issue-380 105 27 in in ADP issue-380 105 28 the the DET issue-380 105 29 further further ADJ issue-380 105 30 process process NOUN issue-380 105 31 of of ADP issue-380 105 32 unification unification NOUN issue-380 105 33 of of ADP issue-380 105 34 the the DET issue-380 105 35 financial financial ADJ issue-380 105 36 system system NOUN issue-380 105 37 to to PART issue-380 105 38 ensure ensure VERB issue-380 105 39 a a DET issue-380 105 40 high high ADJ issue-380 105 41 level level NOUN issue-380 105 42 of of ADP issue-380 105 43 global global ADJ issue-380 105 44 financial financial ADJ issue-380 105 45 and and CCONJ issue-380 105 46 economic economic ADJ issue-380 105 47 security security NOUN issue-380 105 48 in in ADP issue-380 105 49 the the DET issue-380 105 50 future future NOUN issue-380 105 51 . . PUNCT issue-380 106 1 references reference NOUN issue-380 106 2 : : PUNCT issue-380 106 3 berezina berezina PROPN issue-380 106 4 , , PUNCT issue-380 106 5 o.y o.y PROPN issue-380 106 6 . . PROPN issue-380 106 7 & & CCONJ issue-380 106 8 tkachenko tkachenko PROPN issue-380 106 9 , , PUNCT issue-380 106 10 yu.v yu.v X issue-380 106 11 . . PUNCT issue-380 107 1 ( ( PUNCT issue-380 107 2 2017 2017 NUM issue-380 107 3 ) ) PUNCT issue-380 107 4 hlobalne hlobalne NOUN issue-380 107 5 partnerstvo partnerstvo PROPN issue-380 107 6 v v NUM issue-380 107 7 paradyhmi paradyhmi PROPN issue-380 107 8 staloho staloho NOUN issue-380 107 9 rozvytku rozvytku NOUN issue-380 107 10 : : PUNCT issue-380 107 11 osvita osvita ADJ issue-380 107 12 , , PUNCT issue-380 107 13 tekhnolohii tekhnolohii NOUN issue-380 107 14 , , PUNCT issue-380 107 15 innovatsii innovatsii VERB issue-380 107 16 [ [ X issue-380 107 17 global global ADJ issue-380 107 18 partnership partnership NOUN issue-380 107 19 in in ADP issue-380 107 20 the the DET issue-380 107 21 sustainable sustainable ADJ issue-380 107 22 development development NOUN issue-380 107 23 paradigm paradigm NOUN issue-380 107 24 : : PUNCT issue-380 107 25 education education NOUN issue-380 107 26 , , PUNCT issue-380 107 27 technology technology NOUN issue-380 107 28 , , PUNCT issue-380 107 29 innovation innovation NOUN issue-380 107 30 ] ] X issue-380 107 31 : : PUNCT issue-380 107 32 monograph monograph NOUN issue-380 107 33 . . PUNCT issue-380 108 1 cherkasy cherkasy PROPN issue-380 108 2 : : PUNCT issue-380 108 3 chabanenko chabanenko ADJ issue-380 108 4 yu.a yu.a PROPN issue-380 108 5 . . PUNCT issue-380 108 6 , , PUNCT issue-380 108 7 524 524 NUM issue-380 108 8 p. p. NOUN issue-380 108 9 get get VERB issue-380 108 10 ready ready ADJ issue-380 108 11 for for ADP issue-380 108 12 the the DET issue-380 108 13 phoenix phoenix PROPN issue-380 108 14 source source NOUN issue-380 108 15 ( ( PUNCT issue-380 108 16 1988 1988 NUM issue-380 108 17 ) ) PUNCT issue-380 108 18 economist economist NOUN issue-380 108 19 . . PUNCT issue-380 109 1 vol vol NOUN issue-380 109 2 . . PROPN issue-380 110 1 9 9 NUM issue-380 110 2 , , PUNCT issue-380 110 3 306 306 NUM issue-380 110 4 , , PUNCT issue-380 110 5 pp pp ADJ issue-380 110 6 . . PUNCT issue-380 111 1 9 9 NUM issue-380 111 2 - - SYM issue-380 111 3 10 10 NUM issue-380 111 4 . . PUNCT issue-380 112 1 honcharenko honcharenko PROPN issue-380 112 2 , , PUNCT issue-380 112 3 i. i. PROPN issue-380 112 4 & & CCONJ issue-380 112 5 berezina berezina PROPN issue-380 112 6 , , PUNCT issue-380 112 7 o. o. PROPN issue-380 112 8 ( ( PUNCT issue-380 112 9 2016 2016 NUM issue-380 112 10 ) ) PUNCT issue-380 112 11 cooperation cooperation NOUN issue-380 112 12 of of ADP issue-380 112 13 the the DET issue-380 112 14 bank bank NOUN issue-380 112 15 and and CCONJ issue-380 112 16 insurance insurance NOUN issue-380 112 17 business business NOUN issue-380 112 18 as as ADP issue-380 112 19 an an DET issue-380 112 20 effective effective ADJ issue-380 112 21 model model NOUN issue-380 112 22 : : PUNCT issue-380 112 23 history history NOUN issue-380 112 24 and and CCONJ issue-380 112 25 present present ADJ issue-380 112 26 day day NOUN issue-380 112 27 . . PUNCT issue-380 113 1 organizational organizational ADJ issue-380 113 2 and and CCONJ issue-380 113 3 economic economic ADJ issue-380 113 4 mechanisms mechanism NOUN issue-380 113 5 of of ADP issue-380 113 6 development development NOUN issue-380 113 7 of of ADP issue-380 113 8 the the DET issue-380 113 9 financial financial ADJ issue-380 113 10 system system NOUN issue-380 113 11 : : PUNCT issue-380 113 12 collective collective ADJ issue-380 113 13 monograph monograph NOUN issue-380 113 14 / / PUNCT issue-380 113 15 edited edit VERB issue-380 113 16 by by ADP issue-380 113 17 m. m. PROPN issue-380 113 18 bezpartochnyi bezpartochnyi PROPN issue-380 113 19 . . PUNCT issue-380 114 1 riga riga PROPN issue-380 114 2 : : PUNCT issue-380 114 3 landmark landmark PROPN issue-380 114 4 sia sia PROPN issue-380 114 5 , , PUNCT issue-380 114 6 pp pp PROPN issue-380 114 7 . . PUNCT issue-380 115 1 83 83 NUM issue-380 115 2 - - SYM issue-380 115 3 92 92 NUM issue-380 115 4 . . PUNCT issue-380 116 1 kulishov kulishov PROPN issue-380 116 2 , , PUNCT issue-380 116 3 v.v v.v PROPN issue-380 116 4 . . PROPN issue-380 116 5 ( ( PUNCT issue-380 116 6 2013 2013 NUM issue-380 116 7 ) ) PUNCT issue-380 116 8 finansova finansova PROPN issue-380 116 9 hlobalizatsiya hlobalizatsiya NOUN issue-380 116 10 : : PUNCT issue-380 116 11 sutnist sutnist NOUN issue-380 116 12 i i PRON issue-380 116 13 naslidky naslidky VERB issue-380 116 14 [ [ X issue-380 116 15 financial financial ADJ issue-380 116 16 globalization globalization NOUN issue-380 116 17 : : PUNCT issue-380 116 18 the the DET issue-380 116 19 essence essence NOUN issue-380 116 20 and and CCONJ issue-380 116 21 consequences consequence NOUN issue-380 116 22 ] ] PUNCT issue-380 116 23 business business NOUN issue-380 116 24 inform inform NOUN issue-380 116 25 , , PUNCT issue-380 116 26 vol vol NOUN issue-380 116 27 . . PROPN issue-380 117 1 3 3 NUM issue-380 117 2 , , PUNCT issue-380 117 3 pp pp ADJ issue-380 117 4 . . PUNCT issue-380 118 1 303 303 NUM issue-380 118 2 - - SYM issue-380 118 3 307 307 NUM issue-380 118 4 . . PUNCT issue-380 119 1 lukyanov lukyanov NOUN issue-380 119 2 , , PUNCT issue-380 119 3 v.s. v.s. X issue-380 119 4 ( ( PUNCT issue-380 119 5 2013 2013 NUM issue-380 119 6 ) ) PUNCT issue-380 119 7 hlobalizatsiya hlobalizatsiya NOUN issue-380 119 8 natsionalnykh natsionalnykh PROPN issue-380 119 9 finansovykh finansovykh PROPN issue-380 119 10 system system NOUN issue-380 119 11 : : PUNCT issue-380 119 12 bazovi bazovi PROPN issue-380 119 13 imperatyvy imperatyvy PROPN issue-380 119 14 ta ta PROPN issue-380 119 15 antykryzovi antykryzovi PROPN issue-380 119 16 mekhanizmy mekhanizmy PROPN issue-380 120 1 [ [ X issue-380 120 2 globalization globalization NOUN issue-380 120 3 of of ADP issue-380 120 4 national national ADJ issue-380 120 5 financial financial ADJ issue-380 120 6 systems system NOUN issue-380 120 7 : : PUNCT issue-380 120 8 basic basic ADJ issue-380 120 9 imperatives imperative NOUN issue-380 120 10 and and CCONJ issue-380 120 11 anti anti ADJ issue-380 120 12 - - ADJ issue-380 120 13 crisis crisis ADJ issue-380 120 14 mechanisms mechanism NOUN issue-380 120 15 ] ] PUNCT issue-380 120 16 finance finance NOUN issue-380 120 17 of of ADP issue-380 120 18 ukraine ukraine PROPN issue-380 120 19 . . PUNCT issue-380 121 1 vol vol NOUN issue-380 121 2 . . PROPN issue-380 122 1 9 9 NUM issue-380 122 2 , , PUNCT issue-380 122 3 pp pp ADJ issue-380 122 4 . . PUNCT issue-380 123 1 60 60 NUM issue-380 123 2 - - SYM issue-380 123 3 67 67 NUM issue-380 123 4 . . PUNCT issue-380 124 1 mamotenko mamotenko ADJ issue-380 124 2 , , PUNCT issue-380 124 3 d.yu d.yu ADJ issue-380 124 4 . . PUNCT issue-380 124 5 ( ( PUNCT issue-380 124 6 2009 2009 NUM issue-380 124 7 ) ) PUNCT issue-380 124 8 hlobalizatsiya hlobalizatsiya NOUN issue-380 124 9 mizhnarodnykh mizhnarodnykh VERB issue-380 124 10 finansovykh finansovykh PROPN issue-380 124 11 rynkiv rynkiv PROPN issue-380 125 1 [ [ X issue-380 125 2 globalization globalization NOUN issue-380 125 3 of of ADP issue-380 125 4 international international ADJ issue-380 125 5 financial financial ADJ issue-380 125 6 markets market NOUN issue-380 125 7 ] ] PUNCT issue-380 125 8 . . PUNCT issue-380 126 1 humanitarian humanitarian ADJ issue-380 126 2 bulletin bulletin NOUN issue-380 126 3 of of ADP issue-380 126 4 zaporizhzhya zaporizhzhya PROPN issue-380 126 5 state state PROPN issue-380 126 6 engineering engineering PROPN issue-380 126 7 academy academy PROPN issue-380 126 8 , , PUNCT issue-380 126 9 vol vol NOUN issue-380 126 10 . . PROPN issue-380 126 11 39 39 NUM issue-380 126 12 , , PUNCT issue-380 126 13 pp pp ADJ issue-380 126 14 . . PUNCT issue-380 127 1 229 229 NUM issue-380 127 2 - - SYM issue-380 127 3 237 237 NUM issue-380 127 4 . . PUNCT issue-380 128 1 prasad prasad PROPN issue-380 128 2 k.r k.r PROPN issue-380 128 3 . . PROPN issue-380 128 4 , , PUNCT issue-380 128 5 shang shang PROPN issue-380 128 6 - - PUNCT issue-380 128 7 jin jin PROPN issue-380 128 8 w. w. PROPN issue-380 128 9 & & CCONJ issue-380 128 10 kose kose PROPN issue-380 128 11 m.a m.a PROPN issue-380 128 12 . . PROPN issue-380 128 13 ( ( PUNCT issue-380 128 14 2003 2003 NUM issue-380 128 15 ) ) PUNCT issue-380 128 16 effects effect NOUN issue-380 128 17 of of ADP issue-380 128 18 financial financial ADJ issue-380 128 19 globalization globalization NOUN issue-380 128 20 on on ADP issue-380 128 21 developing develop VERB issue-380 128 22 countries country NOUN issue-380 128 23 : : PUNCT issue-380 128 24 some some DET issue-380 128 25 empirical empirical ADJ issue-380 128 26 evidence evidence NOUN issue-380 128 27 . . PUNCT issue-380 129 1 available available ADJ issue-380 129 2 at at ADP issue-380 129 3 : : PUNCT issue-380 129 4 https://www.imf.org/external/np/apd/seminars/2003/newdelhi/prasad.pdf https://www.imf.org/external/np/apd/seminars/2003/newdelhi/prasad.pdf X issue-380 129 5 ( ( PUNCT issue-380 129 6 accessed access VERB issue-380 129 7 10 10 NUM issue-380 129 8 april april PROPN issue-380 129 9 2018 2018 NUM issue-380 129 10 ) ) PUNCT issue-380 129 11 . . PUNCT issue-380 130 1 rousseau rousseau PROPN issue-380 130 2 p.l p.l PROPN issue-380 130 3 . . PROPN issue-380 130 4 & & CCONJ issue-380 130 5 sylla sylla PROPN issue-380 130 6 r. r. PROPN issue-380 130 7 ( ( PUNCT issue-380 130 8 2001 2001 NUM issue-380 130 9 ) ) PUNCT issue-380 130 10 financial financial ADJ issue-380 130 11 systems system NOUN issue-380 130 12 , , PUNCT issue-380 130 13 economic economic ADJ issue-380 130 14 growth growth NOUN issue-380 130 15 , , PUNCT issue-380 130 16 and and CCONJ issue-380 130 17 globalization globalization NOUN issue-380 130 18 . . PUNCT issue-380 131 1 globalization globalization NOUN issue-380 131 2 in in ADP issue-380 131 3 historical historical ADJ issue-380 131 4 perspective perspective NOUN issue-380 131 5 . . PUNCT issue-380 132 1 – – PUNCT issue-380 132 2 university university NOUN issue-380 132 3 of of ADP issue-380 132 4 chicago chicago PROPN issue-380 132 5 press press NOUN issue-380 132 6 , , PUNCT issue-380 132 7 pp pp ADV issue-380 132 8 . . PUNCT issue-380 133 1 373 373 NUM issue-380 133 2 - - SYM issue-380 133 3 415 415 NUM issue-380 133 4 . . PUNCT issue-380 134 1 sheffield sheffield PROPN issue-380 134 2 j. j. PROPN issue-380 134 3 , , PUNCT issue-380 134 4 korotayev korotayev PROPN issue-380 134 5 a. a. PROPN issue-380 134 6 & & CCONJ issue-380 134 7 grinin grinin PROPN issue-380 134 8 l. l. PROPN issue-380 134 9 ( ( PUNCT issue-380 134 10 2013 2013 NUM issue-380 134 11 ) ) PUNCT issue-380 134 12 globalization globalization NOUN issue-380 134 13 : : PUNCT issue-380 134 14 yesterday yesterday NOUN issue-380 134 15 , , PUNCT issue-380 134 16 today today NOUN issue-380 134 17 , , PUNCT issue-380 134 18 and and CCONJ issue-380 134 19 tomorrow tomorrow NOUN issue-380 134 20 . . PUNCT issue-380 135 1 usa usa PROPN issue-380 136 1 [ [ X issue-380 136 2 in in ADP issue-380 136 3 english english PROPN issue-380 136 4 ] ] PUNCT issue-380 136 5 . . PUNCT issue-380 137 1 schmukler schmukler PROPN issue-380 137 2 s.l s.l PROPN issue-380 137 3 . . PROPN issue-380 137 4 ( ( PUNCT issue-380 137 5 2004 2004 NUM issue-380 137 6 ) ) PUNCT issue-380 137 7 benefits benefit NOUN issue-380 137 8 and and CCONJ issue-380 137 9 risks risk NOUN issue-380 137 10 of of ADP issue-380 137 11 financial financial ADJ issue-380 137 12 globalization globalization NOUN issue-380 137 13 : : PUNCT issue-380 137 14 challenges challenge NOUN issue-380 137 15 for for ADP issue-380 137 16 developing develop VERB issue-380 137 17 countries country NOUN issue-380 137 18 . . PUNCT issue-380 138 1 available available ADJ issue-380 138 2 at at ADP issue-380 138 3 : : PUNCT issue-380 138 4 http://siteresources.worldbank.org/dec/resources/benefitsandrisksof http://siteresources.worldbank.org/dec/resources/benefitsandrisksof PROPN issue-380 138 5 financialglobalizationschmukler financialglobalizationschmukler NOUN issue-380 138 6 . . PUNCT issue-380 139 1 pdf pdf NOUN issue-380 139 2 ( ( PUNCT issue-380 139 3 accessed access VERB issue-380 139 4 10 10 NUM issue-380 139 5 april april PROPN issue-380 139 6 2018 2018 NUM issue-380 139 7 ) ) PUNCT issue-380 139 8 . . PUNCT issue-380 140 1 ukhnal ukhnal ADJ issue-380 140 2 , , PUNCT issue-380 140 3 n.m n.m PROPN issue-380 140 4 . . PROPN issue-380 140 5 ( ( PUNCT issue-380 140 6 2015 2015 NUM issue-380 140 7 ) ) PUNCT issue-380 140 8 osoblyvosti osoblyvosti NOUN issue-380 140 9 rozvytku rozvytku VERB issue-380 140 10 mizhnarodnykh mizhnarodnykh VERB issue-380 140 11 finansovykh finansovykh NOUN issue-380 140 12 tsentriv tsentriv PROPN issue-380 140 13 v v PROPN issue-380 140 14 umovakh umovakh PROPN issue-380 140 15 hlobalizatsiyi hlobalizatsiyi PROPN issue-380 140 16 finansovoyi finansovoyi PROPN issue-380 140 17 systemy systemy NOUN issue-380 141 1 [ [ X issue-380 141 2 features feature NOUN issue-380 141 3 of of ADP issue-380 141 4 the the DET issue-380 141 5 development development NOUN issue-380 141 6 of of ADP issue-380 141 7 international international ADJ issue-380 141 8 financial financial ADJ issue-380 141 9 centers center NOUN issue-380 141 10 in in ADP issue-380 141 11 the the DET issue-380 141 12 conditions condition NOUN issue-380 141 13 of of ADP issue-380 141 14 the the DET issue-380 141 15 globalization globalization NOUN issue-380 141 16 of of ADP issue-380 141 17 the the DET issue-380 141 18 financial financial ADJ issue-380 141 19 system system NOUN issue-380 141 20 ] ] PUNCT issue-380 141 21 scientific scientific ADJ issue-380 141 22 papers paper NOUN issue-380 141 23 ndfi ndfi VERB issue-380 141 24 , , PUNCT issue-380 141 25 vol vol NOUN issue-380 141 26 . . PROPN issue-380 141 27 2 2 NUM issue-380 141 28 , , PUNCT issue-380 141 29 pp pp ADJ issue-380 141 30 . . PUNCT issue-380 142 1 17 17 NUM issue-380 142 2 - - SYM issue-380 142 3 32 32 NUM issue-380 142 4 . . PUNCT issue-380 143 1 zhuravel zhuravel PROPN issue-380 143 2 , , PUNCT issue-380 143 3 v.v v.v PROPN issue-380 143 4 . . PROPN issue-380 143 5 ( ( PUNCT issue-380 143 6 2010 2010 NUM issue-380 143 7 ) ) PUNCT issue-380 143 8 osoblyvosti osoblyvosti PRON issue-380 143 9 hlobalizatsiyi hlobalizatsiyi AUX issue-380 143 10 svitovoyi svitovoyi PROPN issue-380 143 11 finansovoyi finansovoyi PROPN issue-380 143 12 systemy systemy PROPN issue-380 144 1 [ [ X issue-380 144 2 features feature NOUN issue-380 144 3 of of ADP issue-380 144 4 globalization globalization NOUN issue-380 144 5 of of ADP issue-380 144 6 the the DET issue-380 144 7 world world NOUN issue-380 144 8 financial financial ADJ issue-380 144 9 system system NOUN issue-380 144 10 ] ] PUNCT issue-380 144 11 bulletin bulletin NOUN issue-380 144 12 of of ADP issue-380 144 13 kharkiv kharkiv PROPN issue-380 144 14 national national PROPN issue-380 144 15 university university PROPN issue-380 144 16 named name VERB issue-380 144 17 after after ADP issue-380 144 18 v.n v.n PROPN issue-380 144 19 . . PROPN issue-380 144 20 karazin karazin PROPN issue-380 144 21 . . PUNCT issue-380 145 1 series series NOUN issue-380 145 2 : : PUNCT issue-380 145 3 economics economic NOUN issue-380 145 4 , , PUNCT issue-380 145 5 vol vol NOUN issue-380 145 6 . . PROPN issue-380 145 7 911 911 NUM issue-380 145 8 , , PUNCT issue-380 145 9 pp pp ADJ issue-380 145 10 . . PUNCT issue-380 146 1 133 133 NUM issue-380 146 2 - - SYM issue-380 146 3 137 137 NUM issue-380 146 4 . . PUNCT