Financial Services Report
Financial Services Industry Report
In order to succeed in the global market, it is imperative to know the various global financial institutions and the sources of funds for international operations. This paper will identify the role of financial institutions in the global economy and explore changes this industry will be experiencing during the next decade. In addition, this paper will demonstrate the impact these changes will have on Campbell Soup Company.
Financial institutions have the ability to serve as agents for its clients providing financial services. These services include, but are not limited to the facilitation of money, such as credit; investments-related services; stock exchange; and any other accounting or finance services. The global financial system (GFS) refers to those financial institutions and regulations that act on the international level, as opposed to those that act on a national or regional level (Global financial system, 2005, p1).
The International Monetary Fund (IMF), the World Trade Organization (WTO) and the World Bank are considered to be the most important international institutions. The Internal Monetary Fund acts as a lender of last resort to governments in financial distress, e.g. balance of payments crisis, currency crisis and debt default. Decisions are based on
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