In his book on the 1929 stockmarket crash, economist John Kenneth Galbraith talked about the “bezzle”. This was the inventory of as-yet-undiscovered fraud which led to the false impression that ...
Hong Kong intervened to defend its peg, buying a record amount of US dollars after the city’s currency rose to the upper end of its trading band. The Hong Kong Monetary Authority spent HK$46,539 ...
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