International Business: The New Realities, 5th Edition

Long description

The diagram is presented in a triangular form, and the details from the base upward are as follows:

• International organization level

  • International Monetary Fund

  • Bank for International Settlements

  • World Bank

• National government level

  • Central banks

• National Institution level

  • National stock exchanges and bond markets

  • Commercial banks

• Firm level

  • The firm

An arrow points upward from Bank for international settlements to Central banks, from where another arrow points to Commercial banks. Arrows from commercial banks and national stock exchanges and bond markets point toward the firm.