The existence of imperfect markets has prevented the internationalization of financial markets.

Question

Quizplus · Accepted Answer

The existence of imperfect markets has not prevented the internationalization of financial markets. Despite the presence of imperfections such as regulatory differences, market segmentation, and information asymmetry, financial globalization has progressed significantly in recent decades. However, these imperfections can lead to challenges and risks in cross-border transactions and investments.

The Existence of Imperfect Markets Has Prevented the Internationalization of Financial