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There is no doubt that the global financial system, made up of large banks (of various types) and by a multitude of institutional investors, has
There is no doubt that the global financial system, made up of large banks (of various types) and by a multitude of institutional investors, has developed
very negative behaviour, which has put at risk the future of the real economy.
Which of these strategies should not be followed to mitigate the negative
behaviour of the financial system? *
a)It is to be hoped that the conditions are produced that allow the creation and
strengthening of adequate counter-powers', represented by movements of savers and
consumers, trade unions, schools, associations and foundations that offer micro-
credit
b)it is necessary to do everything to develop a political and cultural environment that
considers the role of the State as an important instrument for regulating the economy
c)it is unnecessary to rely on government intervention and of the national supervision
agencies as well as international institutions to define rules for the operation of the
financial markets (national and global)
d) It is useful to promote self-regulation with the aim of encouraging virtuous behaviour
on a voluntary basis, by the creation of ethical codes and agreements between
enterprises favourable to putting financial organizations on the right path of
responsibility and moderation
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