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Essay's paper info
Topic: Miscellaneous
Number of pages / Number of words: 8 / 2095
Essay's paper body

Instead, there are various areas of regulation performed by different bodies which are strongly nationalli~ based:’2

  • The G3 (the United States, Japan, EU) takes an overall view of the monetary, fiscal and exchange rate relationships between the G3 countries although, in practice, this has been confined primarily to attempts to determine the global money sttpply and to manipulate exchange rates...

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This has not resolved the

basic problem of ‘an institutional gap between the increasingly international

nature of the financial system and the still predominantly “national” remits of the major central banks and the wider nationally located regulatory

mechanisms for financial markets and institutions’...


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