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Unlike national banking systems what does the international banking system lack?
Although there are a number of banking institutions that aid international banking, their functions often overlap. The international banking "system" does not have one entity that functions as a regulatory type central bank. For example, in the US the Federal Reserve System and its lead bank, the Federal Reserve Bank of New York has a number of high level functions that govern the US banking system and at times interfaces or influence other world central banks. With that being said, no single world banking organization can function in the world as a central bank functions within a single nation.
Why is the international banking system considered decentralized?
Most political and economic analysts and leaders of public and economic policies will agree that a good part of international banking is decentralized. This is because of the large number of international banking organizations are so numerous. As new economic powers emerge, more diversity is created and new markets as well. No one country or banking system can control the world's economy. It's too diverse. Thus international banking, commerce and other financial organizations are decentralized.
What are characteristics of the Eurocurrency market?
international banking
When the Fed buys government bonds the reserves of the banking system?
When the Fed buys government bonds, the reserves of the banking system
Why is a fractional reverse banking system necessary?
a banking reverse system is necessary. Bcos there hv been some mistake made before transaction is carry out
