August 11, 2011
Countries buy foreign exchange to suppress their currencies. That’s a surprising result given that the won is supposed to be a market-set exchange rate, whereas China’s is a managed float.
So why not make currency manipulation as easy as possible to keep the chaebols happy by ducking developed status for as long as it suits?
chaebol, economy, emerging markets, Financial Times, global markets, market, South Korea
Framing retail access of private credit as “misuse” risks oversimplifying what is, in reality, a broader structural shift underway across markets, writes Portfolio Construction Forum’s Nick Shoenmaker. Private markets are no longer accessed as standalone exposures and are integrated into portfolios through multi-asset managed account structures.
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