The global advancement of financial agencies has bring about existence of multinational finance institutions, raising the question about the sort of regulation and guidance for them. Such cross-border arrangements of economic activities may have some, although nearly apparent, implications on the domestic framework of regulation through more than a few channels. For example, tiny countries dominated by the international banks may unwind supervisory activity and so "import regulation" from secure economies. (Goodhart 2001)… […] Read
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