Shlapak A. Global Diversification of Financial Markets of South-East Asia

The Dissertation is devoted to the study of the diversification processes of the financial markets of South-East Asia countries in the conditions of increasing financial globalization. In the work the objective nature of modern transformation changes of energy paradigm of economic development is disclosed; the preconditions and directions of the diversification of global energy market are grounded with opening of its transnational, economic - financial and technological - innovative mechanisms. It has been proved that combination of these mechanisms provide a systematic transformation of the energy paradigm of the world economic development and the formation of the global energy model. Special attention is paid to the analysis of diversification process in the banking sector of Southeast Asia countries: the growth of transnationalization of banking systems; activation of offshore banking operations; expanding of cross-border financial and credit services and syndicate loan transactions as well; the mass introduction in banking practices the financial innovation and progressive management structures etc. The integration mechanisms of banking systems convergence of Southeast Asia countries have been grounded. The complex analysis of diversification processes in the last decade conducted for the currency markets of Southeast Asia, confirmed the tendency to build-scale foreign exchange transactions of their market agents, diversification of currency values and organizational structure of regional currency markets, as well as radical reform of the institutional and regulatory system.