A central bank with a policy rate which gives reserves for imports then sterilizes the dollar sales with adding new money to the banking system to suppress interest rates (soft-peg) effectively engages money financing of imports and private sector activity, by preventing a tightenin...
Because the stages carried gold, there were many robberies in Mendocino County during these years. In fact, the county has sometimes been called one of the lawless parts of the West. Interestingly, according to Laura Hopper Sankey in Mendocino Beginnings, the last shooting holdup in the county,...
While on 15 December the US dollar index registered 103.9 points higher by %8.8 compared to the closing of the index at 95.5 points at the end of year 2021. As a result of the increase in the US Dollars, the emerging countries currency retreated in value causing a hyperinfla...