Given the prevailing financial infrastructure that exists today, international transfers continue to remain costly, time-consuming and risky—and even more so when there is a need to exchange currency. Such transactions normally undergo a series of stages that invariably include the involvement of intermediary parties and the foreign-exchange market
When looking at the performance of major markets such as US equities and oil, 2018 has so far provided much for bulls to cheer. But one market that has clearly underperformed year-to-date is gold.
Within the industry-wide disaster experienced by Eurozone banks thus far in 2016, Italy has managed to clearly stand out as the group’s worst-performing member.
Under the current crisis conditions, one of the questions that have been raised concerns the opportunity of creating a common market for government bonds, for example, a euro-denominated bond market that would eliminate the benefits of currency diversification and influence the amount of reserves.