International Economy (Essay Sample)
Economic Colleagues, first, pick one of the following: explain two effects of an open economy on monetary and fiscal policy, or evaluate the role banks play in world financial markets. Describe two problems with banks as international lenders associated with international debt. please make sure that the references are scholarly and no less than 3.source..
Banks continue to play an important role in the world financial markets. One of the ways in which banks have brought a revolution into the world financial markets has been through cross-border lending. As a way of looking for new markets, banks operating in mature markets have started offering credit facilities to corporate and sovereign borrowers across borders something that has led to growth in industries within economies that could have continued to stagnate due to the lack of funding (Lessard, 2012). Apart from this, banks play a critical role in the regulation of markets during financial ...
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