If America excludes China from the global financial system, China will eventually build an alternative to the dollar-based order that has dominated markets since 1945- which would then feed into a wider strategic rivalry.
To secure the benefits of the international financial system, we, the Finance Ministers of the G-7 countries, must ensure that its credibility and integrity are not undermined by financial crime.
The dollar's role at the center of the global financial system gives the U.S. the ability to raise vast sums of capital without unduly perturbing its economy.
In response to this situation, the international financial system is also shifting from a system led by the United States, G7 and other advanced nations to a multilateral one in which emerging countries also play a specified role.
Taken together, we believe these recommendations represent a significant strengthening of the international financial system which will help reduce the risk of financial crises and make it easier to manage future crises effectively.
All people buying silver on November 11th will create a powerful energy grid around the planet that will send a pulse of Light into the global financial system.
報告書は「北朝鮮は国際金融システムや航空・海運網を利用し、禁輸品を取引し続けている」と断定した。
The report found that North Korea"has been effective in evading sanctions and continues to use the international financial system, airlines and container shipping routes to trade in prohibited items.".
The International Monetary Fund urged European policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in the global financial system.
Simply put, they are not only the backbone of the international telecommunications system but are absolutely fundamental to both our international financial system and the world's global infrastructure at large.
All people buying silver with such intention on November 11th will create a powerful energy grid around the planet that will send a pulse of Light into the global financial system.
Monitoring the state of the international financial system First and foremost, central banks should strengthen their ability to understand the risks and vulnerabilities in the international financial system.
Over the last decade, the world economy has represented a major risk to oil markets because of macroeconomic uncertainties and heightened risk about international financial systems.
To secure the benefits of the globalised financial system, we need to ensure that its credibility and integrity are not undermined by money laundering, harmful tax competition, and poor regulatory standards.
We also support the developing consensus on the need to ensure that reforms of the international financial system, and domestic financial markets, are mutually reinforcing.
The meeting provides a forum for key countries in the international financial system to discuss major international economic issues and to coordinate to achieve the stable and sustainable growth of the global economy.
The experts and scholars from Japan, China and Korea etc. participated and had fruitful discussion on the matters including the current situation and prospects of the international financial system.
Chinese central bank officials have emphasized that one of the goals for China's cryptocurrency is to preempt the rise of Libra that would reinforce the dollar dominance in the international financial system.
The Bank of Japan will continue to encourage financial institutions to maintain a strong financial footing, which prevents risks from materializing, and also strengthen its monitoring and analysis of developments in the international financial system.
Policy recommendations for a more robust international financial system Secondly, even if central banks could understand the conditions of the international financial system in extreme detail, they would probably not be able to prevent every financial crisis.
Nevertheless, due attention should be continuously paid to the spillover risk to Japan of a shock originating in the global financial system amid heightened future uncertainties induced by such incidents as the surfacing of the European sovereign debt problems and growing concerns over the slowdown of the U.S. economy.
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