Global Financial System

The global financial system (GFS) is the financial system consisting of institutions and regulators 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 International Monetary Fund and Bank for International Settlements, national agencies and government departments, e.g., central banks and finance ministries, private institutions acting on the global scale, e.g., banks and hedge funds, and regional institutions, e.g., the Eurozone.

Deficiencies and reform of the GFS have been hotly discussed in recent years.

Read more about Global Financial SystemHistory, Perspectives, Criticism, Discussions and Reform

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William Shirley - Early Life
... £10,000), he cultivated an expensive lifestyle, and suffered significant financial reverses in the depression of 1721 ... The financial demands of his large family (he and Frances had eight children by 1731) prompted him to seek an appointment in the North American colonies ... His early efforts to influence the financial policy of the legislature and induce them to grant him a regular salary were unsuccessful ...
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