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So it's a way to shift the basket of foreign currencies you're holding in your central bank's vault without getting ripped off by hot money speculators?

But if you're propping up the € instead of the US$, doesn't that imply falling US$/€ exchange rates? Shouldn't it be possible to detect this shift when looking at a five- or ten-year time series?

And if I want to take a class that lets me understand the mechanics of how all this works, what kinds of words do I need to look for in the course description?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Sep 28th, 2009 at 03:38:49 PM EST
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