Instead, Eximbank seems to be whistling past this graveyard by simply relying upon the assertion that Gazprom possesses a positive hard currency cash flow that can be accessed.
The new Tokyo government is hazarding to trigger currency and capital-flow movements that could as easily have harmful effects as helpful ones.
For international money there is no point investing in a stock if the currency it is held in keels over, so in a period of currency uncertainty money will flow dramatically between currencies rather than between stocks.
Often, an unequal flow of currency reduces the supply of money in the nation and can lead to an increase in the exchange rate relative to the dollar, leading to inflation and, in a worst case, labor market pressures leading to unemployment.
Games fly by, the in-game currency of renown begins to flow, and casual commanders become grizzled generals over the course of a few real matches.
More than 840 South Koreans were set to cross the border Monday to Kaesong, which provides a badly-needed flow of hard currency to a country where many face food shortages, according to Seoul's Unification Ministry.
Countries like Brazil could conceivably raise taxes on foreign investors buying local currency bonds to ward off dollar flow and sharp appreciation of the Brazilian real.
FORBES: Some Fund Flow Leaving Europe, Heads To Emerging Markets
In addition, data from 2007 to 2010 show that CBP and ICE have increased their seizure of southbound illegal currency and enhanced efforts to disrupt the flow of weapons into Mexico.
The free flow of goods and a common currency are one thing, but if companies have to deal with 15 different takeover codes when making cross-border acquisitions, a true single market is still an illusion.
This is a flow variable and so should largely exclude currency valuation effects, but the drawback is that it will usually overstate the amount of official FX intervention as it includes monthly foreign exchange transactions by the PBoC and commercial banks.
Mr. Chan predicted that the next phase of offshore yuan trade would involve "more balanced flow between the mainland and Hong Kong, " with Chinese currency moving in both directions as more Chinese exporters ask to accept yuan in payment for their goods from overseas buyers.
WSJ: The View From Hong Kong: Walking a Fine Line on Yuan Trade
Allowing companies to incorporate yuan into the ebb and flow of their treasury management operations marks another milestone in integrating the currency into the global economy.
This is extremely dangerous for many reasons, but perhaps the most severe is that if the flow of natural resources ever comes to a sudden stop the value of the currency will crash.
When the architects of Maastricht were unable to produce a political union some of them comforted themselves with the idea that a common currency would in and of itself bring further economic integration from which political integration would naturally flow.
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