Posts tagged ‘currency’

Swiss Currency Move Shocks Global Markets

On 15 January, the Switzerland’s central bank, the Swiss National Bank (SNB), surprised – no, shocked – economists and markets alike when it announced that it had abandoned the floor for their currency, the Swiss franc (CHF). Introduced in 2011, a minimum exchange rate target has been…

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Even a Monkey Would Struggle with a Decision to Defer

A new cottage industry has emerged in the financial world called “behavioral finance theory” (BFT).  The foundation of BFT is that people often make decisions that rational economic theory fails to predict.  In other words, there is something about human nature that drives us to make…

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