Thomas Homer-Dixon

Writing

Displaying 1 of 182 results for: Financial Crisis


July 8th, 1996 —

How to Put a Brake on Currency Volatility

Conservative economists and policymakers claim that unfettered currency trading helps maintain market liquidity and penalizes countries lacking macroeconomic discipline. But the Mexican peso crisis was a good example of how speculators’ herd behavior can inflict pain on a country far beyond that needed to correct the government’s initial fiscal and monetary indiscipline.

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