PO232 Lecture Notes - Lecture 6: Bitcoin, United States Dollar, Moral Hazard
Document Summary
Financial institutions often all run in to trouble at the same time, unable to meet their commitments (ay back their loans) theorists of capitalism state that the company"s business model was wrong and they will fail. Problem of regulation even bigger at international level: national level problem as well. Monday february 5, 2018: political problems and difficulties of the financial sector became a bigger problem at the international scale, because it was unknown who would take care of the problem and regulate what happens. No consensus on merits of free global finance among economists: for the majority of economists, free trade is fairly uncontroversial. General point about international interactions, applies to finance, trade, investment: world politics, international economy relations between countries or states. Include idea that venezuela exports oil to the us. Types: bank lending (across international borders), stock markets, currency trades, trade. Foreign exchange turnover what is the equivalent in american dollars.
