Sentences with phrase «international financial system»

Nations are responding by seeking to create an alternative international financial system, risking an anarchic transition period in order to create a fairer world economy.

You know they're probably ten currencies in the world that are very reliable; the pound, the euro, the dollar, a handful of others and I think those currencies will probably exist in 50, 60, 70 or 100 years but whether other 170 — 180 currencies in the world exist in 50 to 100 years, is much less likely, bitcoin or some other international financial system might replace them.

We must break with the destructive structural adjustment policies of the international financial institutions such as the IMF, the World Bank, London and Paris clubs, and to rethink and reconstitute a new international financial system based on a fair allocation of resources for the basic needs of peoples, based on justice and freedom.

Ever since the Bretton Woods agreements — the accords after the Second World War which bequeathed the architecture for the modern international financial system — America's trading partners have been left to cope with the impact of Washington's control and, in more recent years, the hegemony of the dollar as the dominant global reserve currency.

McCaleb, who has been a crypto developer for a long time, has predicted Stellar's technology will change international financial systems, including stock markets, payments, and fundraising by 2028.

FNN adds that the Ministry of Finance and Economics will hold a virtual currency international conference held in Seoul on June 14 for G20 members, as well as the «second working session of the G20 international financial system» on June 15.

Treasury's Office of Foreign Assets Control added six individuals and 10 companies and other entities to its sanctions list, saying they have helped people previously penalized for North Korea's weapons development, facilitated North Korea's energy sector and enabled entities to bypass sanctions to get access to the U.S. and international financial system.

By adding Deripaska's businesses to its Specially Designated Nationals blacklist the first time Washington had done so with a publicly - listed Russian company - the U.S. effectively choked off their access to the international financial system.

It was there — in a classroom not far from the piazzas and cafes — that she began to learn some of the problems of the international financial system.

While Forex trading has become integral to the functioning of the international financial system, the decentralized exchanges that are available for cryptocurrency trading are hardly vital.

Thus, cities such as New York and London have become the hubs of the international financial system.

Australia's standing in world financial markets was reinforced recently when it was one of the «significant financial centres» invited to join the Financial Stability Forum, a group set up by G7 to monitor the international financial system.

It is reshaping the international financial system in apparently contradictory ways.

The Standing Senate Committee on Banking, Trade and Commerce met this day at 10:31 a.m. to study the present state of the domestic and international financial system.

But in the process the international financial system has been victimized as collateral damage.

As long as this behavioral condition remained in place, the international financial system operated fairly smoothly under checks and balances, albeit under «stop - go» policies when business expansions led to trade and payments deficits.

Yet it is to defend this system that U.S. diplomats and bank lobbyists are threatening to derail the international financial system and plunge world trade into anarchy if other countries do not agree to a replay of the 1985 Plaza Accord «as a possible framework for engineering an orderly decline in the dollar and avoiding potentially destabilizing trade fights.»

He also adds that the Ministry of Finance and Economy organizes for the members of the G20 international conference on the digital currency, which will be held in Seoul on June 14 and also for «the second working session of the international financial system the G20» in the day 15.

However, a reordering of the international financial system seems to be underway.

The FSF had been set up by the G7 finance ministers and central bank governors in 1999 to enhance international cooperation to promote stability in the international financial system.

The fall accelerated after the mid-September release of a G7 Finance Ministers» statement which called for greater flexibility in exchange rates in the interests of promoting smooth and widespread adjustments in the international financial system.

I hope that China understands the importance of resisting pressures to integrate into the international financial system.

International Financial System.

The international financial system and its institutions should be completely overturned and be subordinate to political democracy.

An adoption of this method would also affect existing incentive structures within the international financial system as the risk of repudiating illegitimate debts would cause creditors to lend with increased caution, exercise due diligence and implement policies that encourage transparency of how the funds are used.

But the Chancellor was forced to revise his forecasts the following year after the collapse of Lehman Brothers, an American top investment bank, further damaged the international financial system leading to a deep and widespread global recession.

The prime minister is, of course, in Brussels, resculpting the face of the international financial system.

Now, can the international financial system be rebuilt?

In similar fashion, the rehabilitation of the international financial system — to its pre-1931 pre-eminence — began when the ink on the Bretton Woods Agreement was barely dry.

Gordon Brown and Nicolas Sarkozy say the European Union is united on proposed reforms to the international financial system.

The international financial system no longer works.

This occurred after this international financial system was in operation for three decades in the Forex history.

«[Central banks] have chosen implicitly, if not in a more overt fashion, to set capital and other reserve standards for banks to guard against outcomes that exclude those once or twice in a century crises that threaten the stability of our domestic and international financial systems.

Leaders from twenty - seven countries in the E.U. advocate drastic changes to international financial systems, INCLUDING SETTING UP NEW BRETTON WOODS SYSTEM, tighter regulation on the global financial markets to avoid a repeat of current financial crisis.

He remembered the lessons from Versailles and from the Great Depression, when he led the British delegation at the 1944 Bretton Woods conference — which set down rules to ensure the stability of the international financial system and facilitated the rebuilding of nations devastated by World War II.

But crucially this scandal also shows how the state looting that keeps poor countries poor and dictatorships in power is made possible by the international financial system.

Laurel S. Terry, U.S. Legal Profession Efforts to Combat Money Laundering & Terrorist Financing, New York Law School Symposium on Combating Threats to the International Financial System: The Financial Action Task Force, 59 N. Y. L. S. L. Rev. 487 (2014/15)

Laurel S. Terry, FATF Implementation & US Lawyers at the Symposium on Combating Threats to the International Financial System: The Financial Action Task Force (New York, April 25, 2014)

That kind of makes it a perfect platform for countries like North Korea, which are pretty isolated from the international financial system to begin with, to use this new form of commerce that's thus far existed pretty much outside of countries» regulatory control.

The international financial system is largely unavailable to Pyongyang, as its access is severely limited.

Phoenix gives you a unique opportunity to participate in an international financial system that will help you continuously increase your financial assets once you close your first round.

The German Finance Ministry said it makes sense to consider virtual currencies» speculative risks and their effects on the international financial system.