The current global financial crisis seems to be a turning point in the world financial order.
The financial system is realigning itself with fewer financial players due to the collapse of many major investment banks and tighter financial supervision while the U.S. economy recedes. In light of raw material price hikes and the weakness of the U.S. dollar in international currency markets last year, it is still an open question whether the greenback will maintain its dominance as the preferred international currency.
No comments:
Post a Comment