Abstract
International finance is frequently viewed as an esoteric subject, understood by only a few speculators in the euro and the Swiss franc and the Japanese yen, and a handful of central bankers. In part, the mystery results from the specialized use of everyday language –—‘gliding parities’ and ‘sliding bands,’ ‘support limits’ and ‘counter-speculation,’ ‘SDRs,’ and ‘derivatives,’ ‘zero coupon bonds,’ and ‘cross-rates’ and ‘tax havens’ and ‘transfer pricing.’ Most of the words are straightforward, but both the meanings and the significance are elusive. The reader is deterred because of the effort required to learn a specialized language.
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© 2011 Robert Z. Aliber
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Aliber, R.Z. (2011). Introduction. In: The New International Money Game. Palgrave Macmillan, London. https://doi.org/10.1057/9780230246720_1
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DOI: https://doi.org/10.1057/9780230246720_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-230-01897-6
Online ISBN: 978-0-230-24672-0
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