Parallel universe.

The article examines how geopolitics and technology are pulling half the world away from U.S.'s financial orbit and how covid-19 pandemic is precipitating a split. It mentions that U.S. banks, barred from operating outside state borders, have teamed up to develop interbank messaging systems and nati...

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Detalles Bibliográficos
Publicado en:Economist Vol. 435; no. 9193; pp. 3 - 5
Formato: Artículo
Publicado: Economist Newspaper Limited 5/9/2020
Materias:
Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:The article examines how geopolitics and technology are pulling half the world away from U.S.'s financial orbit and how covid-19 pandemic is precipitating a split. It mentions that U.S. banks, barred from operating outside state borders, have teamed up to develop interbank messaging systems and nationwide automated teller machine (ATM) networks; and also mentions that Visa and Mastercard process two-thirds of card payments globally.