ESSENCE OF TAX, CURRENCY, AND INSURANCE IN INTERNATIONAL FINANCIAL CENTERS

Abstract

This article explores the essence of taxation, currency, and insurance in shaping international financial centers (IFCs). These three components are essential in determining the competitiveness, attractiveness, and stability of IFCs. Taxation policies influence foreign investment, currency policies ensure liquidity and stability of cross-border transactions, and insurance frameworks provide risk management solutions for global investors. The article also includes a case study on Uzbekistan, an emerging economy striving to strengthen its financial position in the global system .