# data[].attributes.body
Every country will not be able to do transactions without the help of globalization because there was no fixed standard between regional currencies. At first, before the heyday of gold it will be very difficult to measure of value of stuff because there was no world wide standard. Because of that problem a several developed countries made an official standard which caused the rise of international market and agreement called Bretton Woods. Therefore, nowadays it is easy to do the transaction between countries.

Even though the standard has made global economic available for anyone, there are also negative effects caused by it. The Bretton Woods couldn’t be applied in every country because every region had certain regulation. The differences caused chaos in several national currencies which was shown by huge inflation in their exchanged rate. Hence, there’s side effects of the standard to the international market.

# data[].attributes.body
Those three macroeconomic conditions are fixed rate of exchange between its currency and other currencies, unregulated convertiblity of its currency and foreign currencies, and national monetary policy capable of achieving domestic macroeconomic objectives. These three are known as trilemma, since a nation could only run their financial policy based on the two out of three conditions. If a government would like to enhance their economic activities and employment, especially related to export industry, it is better to have floating rate and be able to control the macroeconomic objectives. On the other hand, countries that dollarized their currency has to trade their monetary soverey with the ability to keep fixed rate and convertibility. The rarest condition would be China, as it capable to maintain fixed rates while still able to handle their own macroeconomic fate. Choices between two of the three conditions has to be made due to economic capability of each nation are varied.

# data[].attributes.body
Globalization should have increased the world’s economic growth through 3 aspects that would change the condition of economy. However, by looking back to the history records, the positive effect of globalization have not been proved yet. It caused trilemma which is a phenomenonp when a country cannot maintain 3 economics condition at the same time. Hence, it could be debated whether globalization supports international economy or not.

# data[].attributes.body
Nowdays globalization has been impactful in human daily life. Globalization makes sellers and buyers on bound with distance, so it makes the impact to involved countries, such as the currency, workers, etc. In economy, globalization had disturbacne, such as liberization is stil incomplete, internationalized currency (the hayday) of gold standard in 1870-1914), which could not be applied by every country.

# data[].attributes.body
In the era of globalization , One of globalization markets effects is Assests and debts . This type of globalization rises some problems in development of liberalization and transition of economics. In this development we met trillema of national currency: which are fixed rate of exchange, unregulated convertibility, and policy of achieving domestic macroeconomic. There are som solutions to fix thi national currency fixed these trilemma . Floating exchange rates , irretrievably fixed rates , and limitting hard curruncy exposures . In addition to that developing countries should build institutions that match the developing world

# data[].attributes.body
Financial assets are the easiest market  to be influenced by globalization since there are no movement of physical goods or people needed. It is almost borderless, except by national financial regulations. Currency system with its dual antecedents, from domestic and international monetary situation, has caused the emergence of 3 macroeconomic conditions.