Please follow the instructions and reference your answers from the textbook. The textbook name is MONEY, BANKING AND FINANCIAL Systems 3rd edition by Anthony Patrick O and Hubbard R.

Statement of the discussion topic A rapid development of the global financial system in the last two decades has increased the volume and speed of international transactions, but has at the same time made countries vulnerable to financial instability occurring in other countries. The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing. Should Americans be bothered about the financial crisis occuring in Greece? Why or why not? 1. Post any questions you may have On Module 3. 2. Discuss the above statement, that is, post at least one original thread that reflects your view on the statement/issue (i.e. highlight the pros and cons). Make sure you support your points using economic reasoning and more so the concepts and methods of Module 3