The end of the free market: impact on currencies and beyond
George SaravelosThere is no such thing as a free market anymore.
There is no such thing as a free market anymore. All developed central banks have cut rates to zero and buying trillions of assets. Inflation is very low. A global liquidity trap may be in the making. In a world of international yield curve control and administered asset prices, what does that mean for FX?
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