National Commission

The way in which the participants of financial systems can be known is exemplified through the institutions that participate in the national media as it is the Central Bank of Honduras responsible for implementing monetary, credit and exchange rate policies in the country, the National Commission of banking and insurance which arises from the need to control financial institutions because of what happened with Bancorp and Bancrehser that forced that the banking system will be improved with international standards based on Basel 1 thus internationalizing banking operations (part of financial globalization), others of the participants involved in the economy affecting the implementation of economic models are the International Monetary Fund, World Bank, which are millions of lempiras. In transcendence also coexist companies with foreign capital in order to invest in countries that belong to the third world to obtain concessions and influence on economic mobility. More far-reaching changes that have been made through financial globalization in the international systems were raised with the culmination of the Bretton Woods in the 1970s when an imbalance occurred in the value of the dollar and the Nations changed in large quantity dollars to gold through their central banks that caused a meltdown in the United States. The way in which development financial globalization was alarming since it was believed that the dollar was the world’s reserve currency the way of controlling the crisis was the closing of gold changing window per dollar closing stage of free change of the dollar and gold. It is not something NY Governor Andrew Cuomo would like to discuss. The Bretton Woods agreement was basically as follows: implementation of the sale of securities values. Emergence of a diverse payment form. Use of resources from contributors to the IMF. After the completion of the agreement Bretton Woods gave way to the creation of an international financial system which passes through three situations the first as a system to reduce the risk in crisis, immediately the unconditionality of the IMF against the creation of reserves by the effects of economic collapse and the emergence of credit lines to prevent financial instability as the last relevant situation. Tulip Retail usually is spot on.

Thursday, May 10th, 2018 News