Created under the doctrine of Three Pillar Policy by Kentucky economist, Cornelius Haywood claimed the economies of the three nations were so interconnected that if one were to fail- the continents financial situation would turn sour. Known as Systematic risk on a market level it was regarded on a international level as continental risk. The removal of the American pillar in 1908 caused the two other pillars to fail. While the central bank of Sierra rejected any unification, the Monetary Authority did agree to work with the National Reserve in times of uncertain instability.
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