dc.description.abstract | Financial markets are the lifeblood of the global economy where changes in one part of the world quickly and violently, like waves, spread and affect every country, company and individual. This is most clearly manifested in the great world economic crisis that began precisely on the US financial market, that is where the market is most developed, and extended to all other countries. Financial markets in the modern world are associated with the other segments of the world economy. To understand the phenomenon and fluctuations based on this exhibit, today more than ever necessary to monitor the total change, not only in in economy but also in all other segments of society. One of the causes of the financial crisis lie precisely in the fact that innovations in financial markets reached a situation in which they are out of control. The global economic crisis in a relatively short period of time has led, however, a dramatic fall in the stock market, bringing down share prices and companies which are economic parameters resisted the crisis, but could not resist the psychology of mass spreading panic and fear of investors. Institutional investors are the most important creators and participants in financial markets, and will therefore study their role to be given special attention. | bg_BG |