The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
And I should learn to proofread better.
And it's not quite true that you can't short a currency unless the CB is being a sucker. The CB is just the most common sucker in a Soros attack, but any entity that has domestic currency lying around in large quantities can be the sucker.
Also, if your CB is not committing to defend a lower bound, it should be brokering currency swaps between foreign central banks and domestic firms that are considered to be of strategic importance and require imports of raw materials or intermediate goods. That way, you would minimise disruptions in the event of a Soros attack that you find yourself unable to defend against.
Austerity can only be implemented in the shadow of a concentration camp.
by afew - Jan 25 2 comments
by melo - Jan 23 4 comments
by gmoke - Jan 15 5 comments
by DoDo - Jan 20 4 comments
by Frank Schnittger - Jan 16 104 comments
by ChrisCook - Jan 1 65 comments
by afew - Jan 5 44 comments
by rifek - Jan 5 9 comments
by afew - Jan 252 comments
by melo - Jan 234 comments
by DoDo - Jan 204 comments
by Frank Schnittger - Jan 16104 comments
by gmoke - Jan 155 comments
by afew - Jan 544 comments
by rifek - Jan 59 comments
by DoDo - Jan 25 comments
by ChrisCook - Jan 165 comments
by melo - Dec 316 comments
by Metatone - Dec 3129 comments
by rz - Dec 2956 comments
by A swedish kind of death - Dec 2755 comments
by das monde - Dec 2726 comments