International financial markets and institutions facilitate the exchange of financial assets and currency between different countries. These markets and institutions operate in various geographic locations and time zones, and they include stock markets, bond markets, foreign exchange markets, and money markets.

International financial institutions, such as the International Monetary Fund (IMF), the World Bank, and the Bank for International Settlements (BIS), provide financial assistance to countries and regulate global financial systems. They also provide loans and technical assistance to countries struggling with economic issues or natural disasters.

International financial markets and institutions impact the global economy in several ways. They provide access to capital and credit on a global scale, enabling businesses to expand and thrive. They also influence currencies and exchange rates, which can impact global trade and investment. The activities of these institutions and markets can also lead to financial crises, such as the global financial crisis of 2008, which had a significant impact on the global economy.

In summary, international financial markets and institutions play a significant role in the global economy. They facilitate the exchange of financial assets and currency, provide financial assistance to countries, regulate global financial systems, and impact trade and investment. However, they also have the potential to lead to financial crises that can have a significant impact on the global economy.