Because of the nature of the global economy and the reality that it relies upon the equilibrium and floating mechanism of rates, financial collapse of a country’s currency has become a real financial risk. A world economy integration remains in its earliest stages of development. Developed, emerging, and underdeveloped economies have become bound by the General Agreement of Tariffs and Trade, GATT and the World Trade Organization, WTO. Trade and currency valuations are intertwined in total coherence.

Each nation experiences populism that brings about a pressure to provide employment and higher standards of living. Some have conceded to alarming national fiscal financial irresponsibility. Exporting to enhance current account surpluses and thwart balance of payment has become paramount. These imbalances shatter currency positions and Read More