Therefore, if the supply is left solely to the market, these goods will not be provided. Financial stability can be considered to have such features. For this reason, supervisory and regulatory authorities and central banks ensure that public goods (i.e. financial and monetary stability)  3 4  In traditional economics, this feature is referred to as "non-rivalry."
This feature is referred to as "non-excludability." 4  are provided through monetary policy and prudential policy by establishing adequate regulatory frameworks. GSCs aim to stabilize their value by linkage to a basket of fiat currencies of the major countries. In other words, the scheme of GSCs utilize a global public good (i.e.