{"id":10703,"date":"2018-10-11T16:50:42","date_gmt":"2018-10-11T21:50:42","guid":{"rendered":"https:\/\/mundoitam.com\/2018\/10\/11\/the-bank-of-international-settlements-past-and-its-future-under-carstens\/"},"modified":"2018-10-15T14:01:37","modified_gmt":"2018-10-15T19:01:37","slug":"bank-of-international-settlements-carstens","status":"publish","type":"post","link":"https:\/\/mundoitam.com\/en\/2018\/10\/11\/bank-of-international-settlements-carstens\/","title":{"rendered":"The Bank of International Settlements\u2019 past and its future under Carstens"},"content":{"rendered":"

Due to technological advances in communications and systems, the financial sector is currently the most globalized and interconnected. According to Dr. Agust\u00edn Carstens, governor of Mexico\u2019s Central Bank<\/a>, it is by studying the development of financial institutions throughout history that we can better understand its relevance, as well as that of international commerce, global economic growth, and macroeconomic development of advanced and emerging economies. He will assume the position of General Manager of the Bank for International Settlements<\/a> on December 1st, 2017. He was our special guest at Mexico\u2019s Second University Congress on International Studies held at our institution. Dr. Carstens referred to the history of financial institutions to highlight the historical events that played a determining factor; as an example, he remarked that the discovery of America was made possible by advances in both financing and insuring of those expeditions.<\/p>