Currency deals serve hedging, speculation, and transnational investment entry and exit.
Evidence
Deals are made by investors, speculators, financial managers, central bankers, and others who want to avert or hedge against adverse currency moves, who want to profit from expected currency moves, or who need specific currencies to help them enter or exit transnational investments. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 50
Categorization
- XREF: connects to: Currency arrangements can function as wealth-transfer mechanisms between societies.; Indebted states now answer to transnational currency and stock markets — Max Haiven, Cultures of Financialization, 495; International trade led to the need for a global currency. — Neil MacGregor, A History of the World in 100 Objects, 1221 (+3 more)
Related
- Currency arrangements can function as wealth-transfer mechanisms between societies. (similarity 0.81)
- Currency arrangements can transfer wealth from colonies to metropolis (similarity 0.78)
Broader Connections
- Currency arrangements can function as wealth-transfer mechanisms between societies.
#expands(0.75) - Currency arrangements can transfer wealth from colonies to metropolis
#expands(0.74) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 20 - Indebted states now answer to transnational currency and stock markets
#expands(0.72) — Max Haiven, Cultures of Financialization, 495 - International trade led to the need for a global currency.
#expands(0.72) — Neil MacGregor, A History of the World in 100 Objects, 1221 - Foreign-backed monetary systems subordinate a state to that foreign country.
#expands(0.70) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 369 - Financial markets punish redistributive leaders with currency speculation.
#expands(0.70) — Clara E. Mattei, Escape from Capitalism, 303