Keyword: exchange rate
Hedging Inflation with Prostitution (1/30/2015)
Prostitution has proven to be an effective hedge against high inflation induced by subsidies and price control in Venezuela.
Keywords: Bolivar, currency trader, devaluation, dollar, exchange rate, inflation, inflation hedge, price control, prostitutes, Smuggling, subsidized gas, Venezuela
Hot Money (2/22/2012)
Speculative capital inflows have wreaked havoc in the destination economies.
Keywords: capital flows, contagion, euro crisis, exchange rate, hot money, market intervention, money economy, price ceiling, quantitative easing, real economy, Swiss franc, trade balance
Is China on a 'Gold Standard'? (2/24/2012)
Domestic inflation in China as well as yuan appreciation have boosted the prices of Chinese imports to the US.
Keywords: budget deficit, currency appreciation, exchange rate, gold standard, inflation, trade deficit, trade surplus, yuan value
Shaky Union (5/12/2010)
Even though members of the European Union have no control over their domestic monetary policies, their undisciplined domestic fiscal policies can still wreak great havoc for the financial health of the Union.
Keywords: balanced budget, budget deficit, California, debt, debt/GDP ratio, depreciation, EU, euro crisis, European Union, exchange rate, fiscal policy, Germany, Greece, monetary policy
Trade Surplus Trap (6/18/2010)
Countries heavily dependent on exporting manufactured goods must deny their own citizens higher standard of living to maintain their trade surplus in an era of global wage arbitrage.
Keywords: China, dollar, exchange rate, fiat money, Germany, Japan, outsourcing, part-time workers, sterilize, temporary workers, trade surplus, Wage arbitrage, wages, yuan