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ABSTRACT. The theory that we shall seek to elaborate here puts considerable emphasis on the impact of cross-border capital flows on domestic financial conditions, the internal financing power of corporate growth, the limits of outside financing through equity capital, the internal financing power of corporate growth, and the convergence of financial systems. The paper generates insights about the emergence of financial conglomerates, the challenges raised by the integration of the financial markets, the global evolution of the economic and financial activity, the European market of financial services, and the creation of the single market for financial services. pp. 164–169
JEL: G01, D53, E44

Keywords: financial crisis, real economy, corporate growth

CONSTANTIN ZAHARIA
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IOANA ZAHARIA
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NICOLAE TUDORESCU
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GEORGE CRISTINEL ZAHARIA
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University of Craiova

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