Global Financial System
The global financial system consists of the collective financial institutions that facilitate and regulate flows of investment and capital funds worldwide. Key players in the system include finance ministries, national stock exchanges, commercial banks, central banks, the Bank for International Settlements, the World Bank, and the International Monetary Fund. The system incorporates the national and international banking systems, the international bond market, the collective of national stock markets, and the market for bank deposits denominated in foreign currencies.
The global financial system is built on the activities of firms, banks, and financial institutions engaged in ongoing international financial activity. ...
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