Open trading account 
Now where have we heard this theme before, `India in talks with other emerging economies to intervene in offshore currency markets`?? This objective obviously has some merit, in as much as if one is convinced that intervention is still a robust strategy, then better to have a much bigger collective purse to bring to the table. The rationale presumably being that this large stock of collective reserves will be sufficient to detract would be speculators from launching an assault on an individual c…
annatimone's Blog
Is Emerging Markets an Old Game in Town?
Forget about the NASDAQ trading suspension. The big story these days is emerging markets. During a slow summer week, attention turned away from the US and towards India, Indonesia, Turkey and Brazil. These once-sizzling markets are suffering large currency declines, which have prompted many of their central banks to announce intervention efforts to prop them up. Guess who’s to blame for the foreign fiasco? Yes, the US central bank chief Ben Bernanke is the goat once again. Emerging markets had b…