The deal with Citigroup, he said, would provide " the financial integration we need to accelerate economic development " in a world of free trade and globalization . ( MORE ) nn
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However, it was in the Classical Gold Standard Era ( the period from the mid-1870s until the start of World War I ) that financial integration began to take shape in Europe.
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Officials in the Association of Southeast Asian Nations have proposed the scheme as a way to lessen the region's reliance on U . S . dollars and strengthen its economic and financial integration.
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The Conference on Financial Integration in Asia, scheduled for March 7, will be jointly organized by the Hong Kong Monetary Authority, Hong Kong's de facto central bank, and the IMF, a statement said.
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The scheme is aimed at conserving foreign exchange by reducing the region's reliance on U . S . dollars to settle trade payments and also at strengthening ASEAN's process of economic and financial integration.
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This result will enhance competition within our financial systems, foster development of regional capital markets, promote financial integration, improve the regional capacity to intermediate savings and strengthen our economies'resilience in the face of external shocks.
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While the ASEAN financial integration is not going to take effect until 2020, experts from the financial services industry have already forecast a shaky economic transition, especially for smaller players in the banking and financial services industry.
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In 2015, Susan Gimono and Andrew Angulo began to look for the Investors for the developed Financial integration for Mobile Money that could allow people all over the world to send money directly to mobile and Bank.
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In spite of the Malaysian prime minister's hostile rhetoric, there's absolutely no sign in Malaysia of any real reversal of openness or trade or financial integration, and that's certainly true with the other countries in the region.
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He called the process of financial integration and the market disciplines it implies a " big impetus " for companies to become more efficient to meet new competition, both at home and on a broader, pan-European playing field.
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