Search Results for currency

... as it is an economic one, and access to the different types of currency depends on government policy and banking-sector regulation. Copyright © 2016 World Policy Institute 2016 money banking history currency DERBETH DERBETH History, ghosts, money: These are more connected than common sense...

...David A. Andelman All of these questions raise deep concerns over just how transnational currencies could, or for that matter should, function. Certainly there are a few “reserve currencies” that are effectively trans-national currencies in their own right due to the power and reach...

... and outspend American tourists. And when they return home, they regularly comment about the overseas “bargains” they found. Even for ordinary Chinese who’ve never ventured abroad, the prices of overseas products continue to fall. Many have come to accept a constantly strengthening currency as the natural order...

... to different degrees and involving different shades of financial undercurrents. An interesting prism to see this continual globalization is through the role itinerant and global currencies and monetary unions have played. Money is often defined as “as any object (or record of that object) which...

... before his 50th birthday, that Rolet joined that quintessentially British institution, the London Stock Exchange Group, which he has run ever since. Today, as its CEO, Rolet talks about the role of money, currency, and stocks—and their effectiveness as financial, political, and social forces for change...

.... The bank, it seems, had a standard weight for a certain amount of coins for each denomination. Instead of going into the bank and counting the coins, they would weigh them because there were so many. “Inflation got so bad,” she continued, “it was a relief to have a stable currency, as our money was losing...

..., which totaled well tals. They were like auto mechanics who, over $100 billion. Against this debt, South having found that the engine parts were in Korea’s central bank had less than $30 bil­ working order, pronounced the car to be in lion in reserves. As the currency dropped, good shape, all...

... money after leaving the government”—has, like other financially savvy expats and Argentines, been using the currency black market here the past two years. Foreigners can get far more pesos for their dollars. Locals often have no other option to get dollars. Argentina’s currency black market has...

... at the mercy of the ebb and flow of plain, hard cash. Currencies today are very much the defining feature of nations, individually and collectively. A flailing and fragmented Europe seeks to hang together—retain its global reach—on the strength of a single currency that has taken on a life or near-death of its...

... JYL : Well, China certainly can participate. China has such large reserves. Any country with large reserves, a hard currency, with large pension funds, a large sovereign wealth fund, can also participate. Because this is a global crisis and we need to have a global solution. This is one area...

... of the empir­ quences of liberalization and globalization, ical record. After the U.S. Fed lowered in­ including the right-wing opposition to the terest rates in September 1998, East Asian Bretton Woods institutions in the United currencies strengthened and stabilized. In­ States, as reflected...

... for the 2002 default. Free trade will perhaps never again have the same appeal in Argentina. Paul Krugman rightly compares Greece today with Argentina a decade ago. Economic collapse and currency devaluation did wonders for Argentina’s manufacturing and export industries, feeding entrepreneurship...

..., “the realization that the recovery from the worldwide recession had not progresssed enough to sustain higher prices,” two years after the OPEC oil embargo. the impact of falling oil prices should not be seen as confined solely to the currencies of russia, nigeria, and venezuela. In those days, each...

... declared the EU “without a doubt” the greatest threat to inhabitants of the Nordic nation. The Brexit result does not necessarily mean the beginning of the end for a united Europe. Many Europeans who grew up not knowing border controls or currency exchanges remain optimistic about the future of the EU...

... currency crisis to a re­ count deficit dangerously financed by short­ gional financial crisis and then an economic term capital flows. Unlike Thailand and In­ crisis with the help of IMF-imposed austerity donesia, which relied on borrowing from policies; document the breakdown of pru­...

... a token fashion. Illustration: Damien Glez Still, that was not for lack of trying. The most fully-realized purely Latin American version of a community was launched in 1985 as a bilateral agreement between Brazil and Argentina. It even proposed the creation of a common currency to be known...

... a puzzle piece in the center. Above the image it reads, “The face of the future.” It was for sale for 20 Convertible Cuban Pesos (about $20)—the second currency used by foreign nationals in Cuba, as opposed to the Cuban pesos used by the state to pay Cubans, the latter worth about four cents...

... even outperform Britain and Sweden, two countries that benefited from significant currency depreciation during the crisis (since they retained their domestic currencies by remaining outside the euro currency zone). Presumably, the drastic reduction in domestic demand in hard-hit southern euro members...