BIS paper highlights growing risk of currency crises
The rise in cross-border money flows since the early 1970s has increased the threat of currency crisis, according to a paper published by the Bank for International Settlements (BIS) on Thursday, authored by Robert Aliber, professor Emeritus at the University of Chicago.
The paper is just one of many presented at the Third Public Investors Conference that took place on November 2–3, 2010 at the BIS's head office in Basel, Switzerland.
In his keynote address, Aliber described four cycles of cross
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