Financial institutions and markets this page intentionally left blank financial institutions and markets current issues in financial markets edited by robert r bliss and george g kaufman. The federal reserve bank of new york works to promote sound and well functioning financial systems and markets through its provision of industry and payment services advancement of infrastructure reform in key markets and training and educational support to international institutions. Level and efficiency of financial markets and institutions2 it is difficult if not impossible for an economy to reach its full potential if it doesnt have access to a well functioning financial system for this reason policy makers often promote the globalization of financial markets
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