01674cas a2200229 a 4500 AALejournalIMF011606 230101c9999 xx r poo 0 0eng d 9781616353728 0145-1707 BD-DhAAL BD-DhAAL International Monetary Fund. External Relations Dept. Finance and Development, March 1988. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (56 pages) Finance and Development <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the policy implications of structural changes in financial markets. Domestic financial markets have become less segmented, and the major financial centers more integrated. At the same time, the structural changes in financial markets have improved efficiency by lowering intermediation costs, increasing the ability to hedge financial risks associated with currency, interest rate, and price volatility and opening up access to new sources of savings. The widespread application of computer and telecommunications technology to financial markets has permitted markets to process a significantly larger volume of transactions. Mode of access: Internet Finance and Development; Finance and Development ; No. 0025/001 Full text available on IMF http://elibrary.imf.org/view/journals/022/0025/001/022.0025.issue-001-en.xml IMF e-Library