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If the dollar were not weak, I think the euro would be the focus of currency traders.
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But the main focus of the currency market remained the U.S. dollar's contest with the yen.
But today I want to focus on currency policy.
This article focuses on currency (banknote) papers, one of the oldest forms of security papers, and how technological changes since 1960 have altered the course of the industry and determines the requirements of future security papers.
Under the leadership of Robert Diamond, Barclays expanded its investment banking operations throughout the decade, focusing on currency hedging and debt securitization.
How you do that and who is doing it well will be the focus of our Social Currency CrunchUp on July 30 at Stanford.
Recent empirical research on emerging markets debt, currency crises and fiscal sustainability has placed a significant focus on the role of currency mismatches with the emphasis placed on the currency composition of explicit government liabilities.
The other side of the argument belongs to the "chartalist" school, a group that looks past the thing of currency and focuses instead on the credit and trust relationships between the individual and society at large that currency embodies.
In the real world, there is a small fee charged for every transaction, but we have chosen to ignore that to focus solely on the timeseries properties of currency trading.
PIMCO, for example, offers three different emerging markets debt funds, each of which has a different focus: local currency (domestic) bonds, U.S. dollar-denominated bonds, and a mix of direct currency exposure with diversified bonds, loans and other instruments.
The main focus of their concern is China's currency.
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