Learning from the Past to Create a Modern Financial System for the Digital Age

The global financial system is comprised of a 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. Our current global financial systems are based on a series of historical events and innovations that brought us to where we are today. Historical markers such as the first minted coin, the use of paper money, the adoption of the US dollar as the international reserve currency, abandonment of the gold standard, and the ubiquity of mobile payments have all greatly influenced the way we exchange and store value on a micro and macro scale. 

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