4  Between April and June of this year, interest rates on longer-dated German bunds rose sharply and amid considerable volatility on certain days, an event that observers coined the “bund tantrum.” On March 18, 2015, shortly after 4 p.m. EDT and two hours after the release of the March FOMC monetary policy statement, the euro rose over 3 percent against the dollar in a four-minute period and then reversed most of its gain over the next three minutes.
The institutional orders and policies adopted for national financial systems can provide guidance, taking account of the differences, for world finance.