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Post by zuolun on Dec 19, 2014 7:11:38 GMT 7
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Post by zuolun on Dec 19, 2014 7:51:50 GMT 7
Monetary policy of SwedenIn late 1992 (September 14, Monday) the British pound began a steep decline that made it "leave" the Exchange Rate Mechanism on the Wednesday of that week. At the same time the Swedish currency began to decline; the first reaction from the central bank was to try to keep the current fixed exchange rates in place, and they set a target for their equivalent to the federal funds rate ("marginal rate") at 500%. The bank began to sell short-term government securities in large amounts but soon realized that market forces were strong, so they lowered their target rate, and let everyone sell what they wanted to sell, and the country saw a large selling of SEK, and SEK denominated papers. Between September 1992 and February 1993 the Swedish currency "TCW" index went from 125 to 100 (20% fall), while the British currency XBP index fell from 200 to 142 (29% fall). Ruble in Ruins: Joe Weisenthal on the panic in Russia — 16 Dec 2014 Vladimir Putin left to deal with shock waves of Ruble trouble — 16 Dec 2014 Russian Ruble Crisis: Kremlin currency collapse could impact global economy — 16 Dec 2014
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Post by zuolun on Dec 21, 2014 7:46:02 GMT 7
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Post by zuolun on Dec 22, 2014 17:42:50 GMT 7
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Post by zuolun on Dec 22, 2014 22:57:54 GMT 7
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Post by zuolun on Dec 23, 2014 8:24:36 GMT 7
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Post by zuolun on Dec 24, 2014 6:32:17 GMT 7
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Post by zuolun on Dec 29, 2014 12:39:06 GMT 7
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Post by zuolun on Jan 9, 2015 14:26:32 GMT 7
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Post by zuolun on Jan 10, 2015 9:08:57 GMT 7
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Post by zuolun on Jan 16, 2015 7:24:01 GMT 7
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Post by zuolun on Jan 16, 2015 19:22:57 GMT 7
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Post by zuolun on Jan 19, 2015 1:05:30 GMT 7
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Post by zuolun on Jan 19, 2015 14:04:35 GMT 7
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Post by zuolun on Jan 20, 2015 7:36:46 GMT 7
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