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This perhaps is easier to understand: take the mistakes that get made in a domestic context, then multiply them by ignorance due to distance and exchange-rate risk.The result is plain enough: recurring financial calamity; sovereign debt default; capital flight; currency crisis; bank failure; stockmarket crash.
Near-zero interest rates tag the dollar as the flight currency of choice for world markets.
If you don't collect the flight currency, transfer your Membership Rewards points from American Express to Skymiles, then use them to buy jet cards.
It is no longer seen as the flight currency - a safe currency.
Here we are today - political crisis in the mid-east; world economic crisis, THE FLIGHT CURRENCY OF THE PAST (THE DOLLAR), IS GOING DOWN.
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As capital takes flight, the currency should fall.
Capital flight and currency depreciation bankrupted many Asian companies because they had borrowed heavily abroad.
Concerns over the financial health of the formerly cash-rich emirate have also sparked a flight to currencies that are considered havens, including the yen.
Stay close to home in order to save on long flights, passports, currency exchanges and rental cars.
Once, that might have led to fears of capital flight and a currency devaluation.
And from Canada, the Washington Post looks at how Chinese currency flight is fuelling a property boom in Vancouver.
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