September 29, 2006 1:45am CST
Could anyone tell me more about this subject? as in expand it for me...
9 Oct 06
The Global Financial System refers to those financial institutions and regulations that act on the international level, as opposed to those that act on a national or regional level. The main players are the global institutions, such as IMF and World Bank, national agencies and government departments, e.g. central banks and finance ministries, and private institutions acting on the global scale e.g. banks and hedge funds.