When financial sectors are small and capital is mobile, floating exchange rates spell massive currency volatility. When a lot of foreign capital flows in, a freely floating exchange rate rises sharply, wreaking havoc for domestic banks and exporters alike. Zanny Minton Beddoes
Early in my career, if I didn’t get the ball, or if something would happen, or the media would say something, I’d take it personally. Zach Ertz
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