And although Britain's peacetime options were surely circumscribed by external debt piled up during the war, as well as by the termination of its special trade and currency relationships with former colonies, the terms of American aid simply could not have accounted for the huge gap in economic clout at war's end.
Carry trades are also short-term trades, as currency relationships change constantly, points out Marc Lowlicht, adviser at Further Lane Asset Management.
In the aftermath of the dollar's latest swoon against the German mark and Japanese yen, international experts say an extraordinary meeting of the seven leading industrial countries--Britain, Canada, France, Germany, Italy, Japan and the United States--will be convened, probably next month, to stabilize currency relationships.
And just as separatists in Scotland are grappling with questions about its currency and relationship with the EU, big questions remain about whether an independent Quebec should retain the Canadian dollar and be part of a currency union, and about its future within NAFTA.All of which suggests the PQ will continue to steer away from the sovereignty question.
Participants presented scripts that emphasized that in some situations the presence of sex as currency in relationship formation and endurance, especially where partner availability was limited.
Moreover, scripts endorsed women's use of sex as currency in relationship formation and endurance, and did not emphasize HIV risk.
Secrets are the currency of relationships, and managing secrets is a critical part of managing relationships, of both the wanted and the unwanted types.
Along with establishing relationship currency, see this new phase as a growth opportunity.
Have you had opportunities where you had to choose between getting paid in money versus in relationship currency?
Trust is the most important currency in the relationship between grantmakers, their grantees and communities.
