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Initially, they demanded convergence of currency rates and interest rates.
As their complex bets on global macroeconomic trends, or on the convergence of currency, stock or bond prices, started losing tens of billions of dollars in the late 90's, they gave way to Silicon Valley's venture capitalists as the rock stars of money management.
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Still, doomsayers who worry about the Year 2000 computer bug may want to take notice that the convergence of the currencies in "Euroland," the 11 member countries in the monetary union, appeared to take place without any significant computer glitches.
If there is no perfect historical precedent that shows the way out of the current crisis, one thing is shown time and time again: without a political union that allows for fiscal redistribution and a degree of economic convergence, currency unions tend to fail.
A type of currency.
The depletion of currency reserves?
Beware of currency charlatans.
Think of this in terms of currency.
We highlight differences between currency and FX swaps before presenting a real-life application of currency swaps.
Exodus of Currency.
(ii) Treatment of currency metabolites.
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