The article notes that as a result of financial innovation advance development, the borders between traditional market sectors are gradually disappearing, and even the theory gives no clear definition of the financial market and its segments. The author emphasizes that various kinds of financial assets essentially perform a function of money that, under certain conditions, can lead to excess liquidity and provoke crises. The paper stresses that in this regard the methodological framework for measuring and evaluating the impact of the financial markets requires the elaboration of new approaches.
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