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.
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"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 #moneywealth
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When financial sectors are small and capital is mobile, floating exchange rates spell massive…
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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
About Zanny Minton Beddoes
Zanny Minton Beddoes was a Journalist from United Kingdom (1967–present).
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Who said "When financial sectors are small and capital is mobile, floating exchange rates…"?
This quote is attributed to Zanny Minton Beddoes, a Journalist from United Kingdom.
When did Zanny Minton Beddoes live?
Zanny Minton Beddoes lived from 1967 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.