The Global Financial System The Global Financial System 20 th Annual Hyman P. Minsky Conference on the State of the US and World Economies
The Global Financial SystemThe Global Financial System
20th Annual Hyman P. Minsky Conference on the State of the US and World Economies
The Global Fi i lFinancial System
World Population
Coordinating Bodies
CoordinatingBodiesThe Global
F lRegulatoryMechanisms Treaties and
Shadow Regulatory
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Public Regulatory
System
Financial System
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Fiscal
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y
Fiscal Shelters
Financial Markets
Private Financial
Institutions
Public Financial
Institutions
Financial Players
Markets Corporations
CustomersWorld
Population
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International Settlements
Bank for International Settlements
Bank for International Settlements
BodiesCoordinator
G20Financial
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Coordinating G20 Stability
Board
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OECDIMFIMF
Coordinating Bodies
Coordinating Bodies
RegulatoryMechanisms Treaties and
Shadow Regulatory
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Public Regulatory
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Mechanisms
Fiscal
Agreements
Fiscal Shelters
Financial Markets
Private Financial
Institutions
Public Financial
Institutions
Financial Players
Markets Corporations
Customers
World Population
Public RegulatoryRegulatory System The Fed
European Financial Services
Public Regulator
EnforcerPublic
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Services Authority
(UK)
SEC /Commodities and Futures
Exchange Commission
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WTO (GATS)
National Financial
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Intl Organization of Securities
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Rating Agencies
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Shadow RegulatoryStandards
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World Federation of
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Intl Association of
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Treaties and AgreementsAgreements Bilateral
Trade and Investment
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Coordinating Bodies
Coordinating Bodies
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Shadow Regulatory
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Public Regulatory
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Mechanisms
Fiscal
Agreements
Fiscal Shelters
Financial Markets
Private Financial
Institutions
Public Financial
Institutions
Financial Players
Markets Corporations
Customers
World Population
Private Financial Institutions
Financial InstrumentsVentureInstitutions
Private Financial Institution
Instruments
Insurance Companies
Venture Capital
Agencies
Enabling Institution
Banking
Companies Law
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Private Equity FundsAccounting
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Financial Institutions
Pension Funds Structured
CreditCard
Companies
Firms
Funds Investment
Vehicles
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Public Financial Institution
World Bank
Emerging Player National Central Banks
Regional Development
Banks
Public FinancialBanks Banks
VentureCapital
Agencies
Financial Institutions
South Bank
Sovereign Wealth Funds
Public Banks
CorporationsCorporations participate in the workings of the global financial system by:
o Offering and trading shares through securities markets
o Issuing corporate debtsCorporationso Issuing corporate debts
o Making / receiving loans and payments
o Entering into mergers and acquisitions
Corporations g g q
o Investing and hedging through multiple financial vehicles and instruments
Markets NASDAQ
Stock Exchange NYSEIndia
ChicagoNASDAQ
Commodity ExchangeIndia
Singapore
TokyoCommodity Exchange CME
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Sao Paolo
Dalian Commodity Exchange
MultiCommodity Exchange Inter-
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LondonMarkets
Hong Shanghai
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Frankfurt
ParisKong
Coordinating Bodies
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RegulatoryMechanisms Treaties and
Shadow Regulatory
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Public Regulatory
System
Mechanisms
Fiscal
Agreements
Fiscal Shelters
Financial Markets
Private Financial
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Public Financial
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Financial Players
Markets Corporations
Customers
World Population
WorldWorld Population
The Global Fi i lFinancial System
World Population