Global Economy Meeting and Global depository receipt: Difference between pages

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The Global Economy Meeting (GEM) is the principal discussion forum of central bank Governors during the regular [[Bank for International Settlements]] (BIS) bimonthly meetings.
(GDR).


The two main roles of the Meeting are to:
Global Depositary Receipts (GDRs) are negotiable certificates issued by depositary banks which represent ownership of a given number of a company’s shares which can be listed and traded independently from the underlying shares.


monitor and assess developments in the world economy and the global financial system.  
GDRs are typically used by companies from emerging markets and marketed to professional investors only.


provide guidance to and receive reports from the Basel-based central bank committees: the [[Committee on the Global Financial System]] (CGFS), [[Committee on Payments and Market Infrastructures]] (CPMI) (formerly called the Committee on Payment and Settlement Systems (CPSS)) and the [[Markets Committee]].


The GEM comprises the Governors of 30 BIS member central banks in major advanced and emerging market economies that account for about four fifths of global GDP and meetings are observed by Governors from several other central banks.
Also spelled Global Depositary Receipt.




==See also==
== See also ==
* [[Central bank]]
* [[American depository receipt]]
* [[EM]]
* [[Certificate of ownership]]
* [[Gross domestic product]]
* [[Custody]]
* [[Negotiable instrument]]
* [[Stock exchange]]
* [[Issuer]]
* [[Share]]

Revision as of 16:03, 3 February 2018

(GDR).

Global Depositary Receipts (GDRs) are negotiable certificates issued by depositary banks which represent ownership of a given number of a company’s shares which can be listed and traded independently from the underlying shares.

GDRs are typically used by companies from emerging markets and marketed to professional investors only.


Also spelled Global Depositary Receipt.


See also