The SFI is the set of public and private institutions (state and private) that provide the means of financing to the international economy for development of its activities. These institutions perform a brokering role between the units of savings and spending, mobilizing resources towards the latter the first to achieve a more efficient use of resources. Public institutions: central banks, supranational organizations, Ministries of Economy, etc. Private institutions: banks, supermarkets, insurance companies, major construction companies. Supermarkets are financing entities because they sell at lower prices and more time to pay suppliers, and also sold for cash at a higher price, earning a profit margin. As the margin obtained is reversed until it comes time to pay. Influence of SMI in the SFI: The SMI currencies or means of payment are national government and because each side has a monopoly on the issuance of their currency and controls the movement of foreign currency within its territory.
Try not to create another monetary system in their country. Each coin has a value over other currencies called the exchange rate. A currency that has an exchange rate and, therefore, is valid for international transactions is called currency. There are two systems for calculating the value of currencies in relation to another. – Fixed Change System. Establish a pattern calculated in respect of which the values of currencies. (Gold standard until 1971).
Every country accepts a currency in relation to deposits of gold you have. – Change System Variable. It consists in comparing all currencies to each other in the foreign exchange market. Individuals require stable currencies that will not undergo changes to keep money for exclusively monetary issues. For public must be aware that the State compensate you have a stable currency and that currency will be in an international market in which it can intervene, but not control. The state tries to build stable currencies Financial Crisis, these coins can be sold in exchange for domestic currency, thus reducing supply and thus increasing its value. Others who may share this opinion include Anu Saad. The currencies lose value for two main reasons: 1st Internal Cause: There is excess money in circulation by excessive emission. 2nd Internal Cause: Excess money in circulation by sale or entry into the market too much currency by agents.