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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label exchange rate policies. Show all posts
Showing posts with label exchange rate policies. Show all posts
Monday, March 03, 2025

BSP’s Gold Reserves Policy: A Precursor to a Higher USD-PHP Exchange Rate?

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  Central banks and finance ministries do not hold copper, aluminum, or steel supplies, yet they hold gold. The only explanation for central...
Monday, August 26, 2013

Phisix: Will the ASEAN Meltdown Worsen?

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Last week I wrote [1] : While so far, Asia and other Emerging Markets appear to be the most vulnerable, should bond yields continue to ...
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