International Financial Centres Index: Difference between revisions
International Financial Centres Index (view source)
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{{WIP}}
The '''International Financial Centres Index''' (IFCI) is an index of the most globally and regionally influential financial markets in the world. It is prepared by the Center for International Finance.▼
[[Category:Oan's links]]
▲The '''International Financial Centres Index''' (IFCI) is an index of the most globally and regionally influential financial markets in the world. It is prepared by the Center for International Finance. The index is one of several that aims to highlight the role of certain cities on the international economy, but it is not a definitive list given the challenges associated with accurately measuring the influence of different financial centres.
== History ==
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== Characteristics ==
Global and regional financial centres are characterised by the following traits: a large stable economy, an advanced systems for trade and investment, a stable government and policy environment, macroeconomic policies conducive for large financial institutions, a dependable and globally accepted currency, and strong partnerships and relationships.
==Ranking and Classification==
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Alpha Global Centres are regarded as the most influential financial centres. The influence exerted by these cities is unparalleled. The list goes as follows:
#[[Sani Bursil]], {{Flagcountry|Great Morstaybishlia}}, is regarded as the most influential financial centre in the world. It is the largest city by population in the world. It has the largest GVA of any city in the world. It is the home of the largest securities exchange in the world, the [[Auroran Stock Exchange]]. It is the capital and largest city of not only the [[List of countries by GDP (nominal)|largest national economy in the world]] ([[Great Morstaybishlia]]) but also the largest and most deeply integrated trade bloc and monetary and customs union in the world (the [[United Nations of the Auroran Continent]]). It is the headquarters of the some of the [[Systemically important financial institution|largest and most eminent banks]] in the world such as [[Golding Smithant]] and [[Vocher Cada]].
#[[Matthews]], {{Flagcountry|South Hills}}, is the economic and financial centre of the [[List of countries by GDP (nominal)|second largest national economy]] in the world and of the country whose currency, the Standard Hawking Dollar (SHD), is one of two [[Reserve currency|alpha world reserve currencies]]. It is home to the most eminent global credit rating agency in the world ([[Preston & Cole]]), the second largest securities exchange in the world (the [[Concordian Stock Exchange]]), the largest home mortgage finance corporation in the world ([[Connie Max]]), and the largest card payment manager in the world ([[Plexis]])
#[[Bingol]], {{Flagcountry|Packilvania}}, is the second most populous city in the world. It is the capital and largest city of the third largest economy in the world and [[List of countries by population|largest country in the world by population]] and the largest developing national economy in the world. It is the home of the [[Packilvanian Central Bank]], which issues the [[Packilvanian dinar]] (a beta world reserve currency). It is also the home of some of the largest banks in the world: the [[Industrial and Commercial Bank of Packilvania]], the [[Agricultural Bank of Packilvania]], and the [[Export-Import Bank of Packilvania]].
===Beta Global Centres===
Centers of secondary global influence are as follows:
*Molebaai (also known as Milba), {{Flagcountry|Vistaraland}}, is the economic centre of a transcontinental country that occupies an important economic role in the [[North Concordian Economic Forum]], in which it is the largest city by population.
*
=== Regional Financial Centres ===
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*Eldura, {{Flagcountry|Vekaiyu}}, is the largest city in the [[Vekaiyun Union]] by population and GVA, and exerts influence in Northeast [[Yasteria]]
*Stromharad, {{Flagcountry|Asendavia}}, is the economic and population centre of the fourth largest economy in the world.
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*[[Nuvrenon]], {{Flagcountry|Tavaris}}, is arguably the economic centre of the [[Tavari Union]] and exerts influence in the [[Council of Gondwana]]
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*Leidenstad, {{Flagicon image|CryriaFlag.png}} [[Cryria]], is the home of the largest inter-bank transfer network in the world, the [[International Banking Exchange Cooperative]]. Through Cryria's political stability, extensive economic ties, and prudent economic policies, is a major financial centre in the [[League of Novaris]]
*[[Aura]], {{Flagicon image|ECFlag.png}} [[Emberwood Coast]], is the political capital of the [[United Nations of the Auroran Continent]] and the second-largest city in [[Aurora]] by population and GVA
*Andel, {{Flagcountry|Axdel}}, is the
*[[Tokapa]], {{Flagcountry|The Oan Isles}}, is the home of the [[Auroran Monetary Fund]] (one of the largest development finance and trade balance institutions in the world), and it is home to the largest professional services network in the world ([[Ita Marama]]), and houses prominent financial institutions such as the [[Standard National Bank]] and financial technology companies like [[Café Pay]]
*[[Privetia Taurillien]], {{Flagicon image|New Leganes flag.png}} [[New Leganes]], is at the centre of one of the most developed and stable countries in the world and is a major financial centre in the [[OFAC|Organization for Arcturian Cooperation]].
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==Reception==
The Index is generally cited as a useful metric for comparing financial centres and the characteristics and policies that set them apart from their peers. It also helps institutions and governments identify nodes of risk and opportunity in the global financial system. The commentary which accompanies the index is noteworthy for sharing insights into the outcomes presented by different policy decisions and financial circumstances. Nevertheless, the index has been criticised for prejudicing developing countries and discrediting Socialist economies. Some analysts have argued that the criteria for inclusion on the index as an influential offshore financial centre are often routed in capitalist neoliberal economic thinking that prioritises an excessive focus on trade and financial liberalisation at the expense of robust financial, and environment controls and fail to consider the social, political and environmental factors that these centres bring. Others have criticised the CFI for its placement of cities with some arguing that certain cities should be ranked higher, or lower, added and removed altogether.
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