The moment of no return, in any currency crisis, doesn't come when governments run out of options.
Almost all of their issues are of dual-currency bonds: in return for the privilege of redeeming their debt in, say, dollars, borrowers pay higher-than-usual yen interest rates.
They are right up to a point: investors carry less currency risk if some of a bond's return is denominated in domestic currency.
They will return to the principle of keeping the currency as stable and reliable as possible.
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Understand that the performance for Morgan's index is a total return, net of all expropriations and currency crises.
Hence, the return of fundamental drivers is likely to bring about currency realignment and a potential transition from phony to real currency wars.
How much of an impact does currency have on the total return in your foreign stock portfolio?
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Full integration would equalise the expected rates of return on countries' bonds when measured in a single currency.
In such an instance, a return to the old currency denomination would mean an instant devaluation of their cash.
He implored the nation to stop being "slaves to Brussels" and join his mission to return to the glory days of the guilder, the old Dutch currency.
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And it's enough to make people like Berlin businessman Horst Freiberg, who never felt much love for the euro currency, pine more than ever for the return of the German mark.
Together, the improving currency and rising stocks could produce a return for portfolio investors in excess of 60%.
The rouble fell 5% on news of Mr Primakov's return as Russians voted with their wallets for the American currency over their own.
Steve Forbes, the onetime Republican president candidate, predicted in 2011 that loss of confidence in paper currency would force the U.S. to return to the gold standard after the 2012 election.
He also warns that if Greece were to quit the euro and return to a national currency, such as the drachma, the move would result in years of turmoil and cost money the nation does not have.
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Mr. Fritsen says he doesn't support the anti-Islamic views of the Freedom Party, but he does support its call to return to the guilder, the Dutch national currency that the euro replaced.
There are many who think that strengthening the value of China's currency won't mean American jobs lost to China in the past decade return to US shores - the jobs will simply go to the next low-cost country like Vietnam or India.
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