STRUCTURAL TRANSFORMATIONS IN FINANCIAL MARKETS UNDER CONDITIONS OF GLOBAL DEVELOPMENT

The article examines the patterns of development of the global financial environment in modern conditions. The essence of financial globalization as an economic phenomenon, the main forms of manifestation and the factors determining its nature and influence on the development of national economies and the world economy have been studied. Features of the formation and development of the global economic environment manifested in the deepening of the international division of labour, determine the nature of the functioning of the global financial environment with the corresponding market infrastructure. This is manifested in the growth of volumes, changes in the structure and dynamics of the movement of international financial capital and affects the formation of the mechanism of market distribution and effective use of available financial resources within the global economy. The objective regularity of the development of the world economy is its cyclic nature, which occurs under the influence of various factors. The place and role of financial markets in the process of the spread of financial globalization, which is integrated into the world financial space with the help of modern information technologies, are analysed. In the conditions of limited financial resources in the system of the world economy, it is financial markets that act as a mechanism for the distribution of available financial resources, ensuring their effective use based on the operation of market laws. The main directions and trends in the development of financial markets in the conditions of the spread of global instability are defined: the formation of new elements of the financial infrastructure of the modern digital economy, the expansion of the range of innovative financial products and the increase in the level of competition for resources and clients in the financial markets, the complication of business models for the provision of financial services in the global spatial dimension.