A Study of Growth and Development of Global Money Market (International Money Market) with Special Reference to selected Developing Countries in Asian Continent

Abstract

The money market is commonly one of the pillars of the international economic system. This money market entails in a single day swap of extensive quantities of cash between banks and the U.S. government. The majority of cash market transactions are wholesale transactions that they take region between the monetary establishments and with the companies. The Individuals can make investments their quantity in the money market with the aid of shopping for money market cash for non-permanent period. Development of economy is mainly based on the financial performance. This includes money market, money market directly related to the development of economy. Some countries will be having low income, for those countries’ money market does not play much role. If the performance is running proper then the financial performance will reduce, due to this the economy can face huge challenges. Due to pandemic the money market has been affected the economy very badly. it requires more comprehensive financial assistance to get rid of this problem.