Or so they say.
The logic behind the argument :
How do the Central Banks in emerging markets feel about the present situation ? Buying dollars at expensive rates and receiving 0.7%, while selling your own currency at an inexpensive rate and paying 4.3%+ is a recipe for disaster.
[...]
Governments are now looking at ways [...] to let their currencies naturally float.
Would you guys be happy to have more markets with a low spread ?
The logic behind the argument :
How do the Central Banks in emerging markets feel about the present situation ? Buying dollars at expensive rates and receiving 0.7%, while selling your own currency at an inexpensive rate and paying 4.3%+ is a recipe for disaster.
[...]
Governments are now looking at ways [...] to let their currencies naturally float.
Would you guys be happy to have more markets with a low spread ?