Multilateral financial system

In the wake of the subprime crisis and its aftermath, a demand arose that the global financial market should not be limited to a few large stock exchanges – such as New York, London, Tokyo, Bombay, Frankfurt and Zurich – but should be extended to a further hundred countries. But how global trading is to be diversified (has to be diversified) is not stated at all or only vaguely. However, as long as suppliers and consumers on the financial market are free to decide where they want to do business, there will remain only a few preferred financial centers worldwide. – The pegging of the domestic currency not to a single benchmark currency (such as the EUR or USD, then also called unilateral currency peg), but to several currencies.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/