In developing countries with immature financialmarkets, a freely floating exchange rate may not be sensible because a small number of foreign-exchange trades can cause big swings in currencies.
Developing corporate-bond markets is important for financial stability, both as a buffer when other funding sources run dry and to reduce mismatches in a firm's balance sheet.
Enabling lower cost money transfer and access to new financial services to billions of individuals in developed and developingmarkets, using mobile technology platforms.
