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The 2000-2001 period saw Ecuador and El Salvador adopt the dollar as their national currency. The decision was to trigger much criticism, undermining the enthusiasm of a number of developing countries prepared to relinquish a degree of independence in return for more stability and credibility....
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The risks of hedge funds are embedded in their strategies in the pursuit of high performance. A combination of leverage and dependence on market liquidity makes them vulnerable to financial crises. Their reactions under stress can cause the spread of systemic risk. This is why the indulgent...
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the collapse of world trade during the recent crisis. The decrease of world demand has affected the imports of high …
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In the wake of the global crisis the G20 has largely substituted the G7 as the key forum for international economic … taken a direct hit on their banking and financial systems as a result of the crisis and they accordingly give priority to … the global turmoil, the provision of financial resources to countries in crisis, and the rebuilding of financial …
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