The exchange crisis has even impacted Tapia, the clothing street merchant.
During the past 15 years or so international bank regulation has been concerned mostly with the ability of the system to sustain shocks, such as a stockmarket crash, a foreign-exchange crisis or a terrorist attack.
Ending a national currency and an exchange rate means that an exchange-rate crisis is not possible.
In the 1990s, he says, the U.S. essentially bailed out Mexico when it was having an exchange-rate crisis.
He was an adviser to Chancellor Norman Lamont during the Exchange Rate Mechanism crisis of the early 1990s and headed the inquiry into whether former Home Secretary David Blunkett misused his position.
BBC: Sir Alan Budd and Hector Sants on New Year Honours list
Its point was to pool members' foreign-exchange reserves to help crisis-hit countries suffering liquidity crunches.
ECONOMIST: Regional economic integration has a long, long way to go
From a historical basis, the G-8 industrialized countries have not intervened in the foreign exchange markets throughout the economic crisis, making intervention impractical and not politically feasible.
Many economists, including the heads of the US and British central banks, say China's high savings and its semi-fixed exchange rate helped cause the financial crisis by producing a glut of global liquidity.
The biggest emerging markets, with their huge foreign-exchange reserves, appear to be almost crisis-proof (at least outside eastern Europe) in contrast to the seemingly crisis-prone rich world.
Lastly, the G7 commitment to prevent exchange rate misalignment following the prolonged financial crisis in emerging markets has prompted policy initiatives to create a loose target-zone regime among the dollar, yen and euro.
Mr Geraschenko - nicknamed Hercules for his experience, independence and boldness - was highly praised for stabilising the exchange rate of the rouble after the financial crisis of 1998.
The system was also implicated in a payment crisis which hit the Calcutta stock exchange in March, when a sharp fall in stock prices left a group of brokers with big carry forward positions unable to honour their financial commitments.
Gold's surge may indicate that investors fear the next stage of the crisis will occur in the foreign-exchange markets.
China and India, two countries with exchange controls, have been largely isolated from the crisis - although China has been struggling to control illegal capital flight.
Culture is a French passion and a way to fight against the centrifugal force of the crisis, because without sharing, without exchange, without dialogue, there is no culture, any more than there can be commerce.
That financial crisis, in the course of which the Italian lira was ejected from Europe's pre-euro exchange-rate system (along with Britain's pound sterling) coincided with a huge political crisis, as corruption investigations brought crashing down the parties that had dominated Italian politics for the past 40 years.
Milton Friedman was pushing floating exchange rates and saying that they would end the perpetual crisis.
FORBES: Farewell to James Parthemos (Richmond Fed Research Director)
Regulators determined that off-exchange CDSs were the main culprit in the 2008 financial crisis.
The most important is the dysfunctional volatility of exchange rates that could sour international relations in time of crisis.
FORBES: Mundell's Dollar/Euro Fix Doesn't Fix Our Currency Mess
Recognizing the diversity of experiences at a national level, there should be an exchange of best practices concerning social policy responses to the crisis.
In the emerging-markets crisis that currently threatens the world economy, exchange-rate movements have not been absorbers of shocks but amplifiers and even creators of them.
In a way, the euro crisis has been caused by a version of fixed exchange rates.
Gold prices surged starting March 15, as the Cypriot banking crisis was erupting, as the euro-dollar exchange rate broke down.
FORBES: Central Banks Bought More Than $3B In Gold In 2013: UBS
The Kelly affair may yet claim some government scalps indeed, such is the scale of the crisis that it has even affected sterling's exchange rate.
At 1381 the benchmark Philippine Stock Exchange index, which doubled in 1999 from its 1998 Asia crisis lows, is now back down almost to crisis levels.
At a separate hearing Thursday morning in the Senate, Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke, and Securities and Exchange Commission Chairman Christopher Cox testified on the effects of the crisis on the economy and the efforts to fix the problems.
This is because the biggest impediment to a global capital market is not volatile exchange rates, nor timid investors, nor even the present Asian crisis.
He proposes making a deal with Democrats in which some of the Bush tax cuts become permanent in exchange for a carbon tax to deal with the global-warming crisis.
Travelzoo is exposed to general economic trends impacting the overall online travel market such as macroeconomic headwinds led by the European crisis, slowing growth rates in emerging markets and volatile foreign exchange.
Why have the securities regulators, namely the Securities and Exchange Commission, failed to punish the Wall Street banks that fueled the mortgage crisis by underwriting toxic mortgages and selling them to the public?
应用推荐