For those countries which peg or link their currencies to the dollar there are also problems as QE creates the prospect of increased capital flows.
Indeed, the usefulness of concentrating business services is all the greater in an era of much increased capital flows (the credit crunch notwithstanding).
At the Lima meeting Mr Larraín and the other ministers agreed to look at options for joint policies to deal with increasing capital flows and appreciating currencies, a result of quantitative easing in the European Union, United States and, most recently, Japan.
The result of this action will increase capital flows to securities attorneys and NOT entrepreneurs.
This would make carry trade even more attractive and increase capital flows and credit growth.
Throughout the 1990s, changes in the technology of trade and communication dramatically increased international capital flow and most Western countries abandoned fixed exchange rates.
Anything else? Increase capital requirements.
Increase capital requirements.
These hospitals have ever increasing capital needs.
These changes would increase the capital flowing to Asia and likely lead to currency appreciation.
