The globalization of financial markets/challenges to monetary policy

Article Abstract:

Central banks will play a larger role in a global economy where the logical consequence of opening up the borders of nations to money inflows can also result in a systemic fragility of the nation's economic system. This systemic fragility is most evident in the exchange rate, where any instability can spread to vulnerable markets and no amount of hedging can protect the economy. What is needed in a global economy to effect inflationary controls is a unified competition policy which will likely attenuate such vulnerabilities.

Foreign Exchange & Reserves Policy, Analysis, Prices and rates, Economic policy, Foreign exchange, Foreign exchange rates, International liquidity

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Some considerations on reform of the international monetary and financial system

Article Abstract:

Studies have revealed that exchange rate regimes are essential for the efficiency and stability of national economies and the international monetary system. Significant changes need to be done on the international monetary and financial relations. Cross-border investments must be allowed to take place on the basis of more direct knowledge and more independent evaluation of risk, thus, information flows need to be enhanced in the financial markets.

Commercial Banks, Intnl Economic Policy, Foreign Investment Regulations, Currency Stabilization Programs, Intnl Banking Services, International Trade Financing, Foreign investments, Economic aspects, International economic relations, Monetary policy, Foreign investment laws, Currency stabilization, International banking, International financial institutions

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