During the beginning of summer, the US Federal Reserve was expected to gradually decrease its “ultra – easy” monetary policy of investing 85 billion dollars per month in bonds. As a result to this expectation, in July we witnessed the economies of India, Turkey, Brazil and many other emergent countries becoming abandoned by international investors. ..
Read moreLast week, on 23.02, a reader of this blog sent me the following question: “Euro at 7% is dangerous because EURIBOR is about 1%, but what about RON? It stands at 10% with ROBOR at 6%. Isn’t this more dangerous? On a 20 years loan in RON, how will the credits and the ROBOR be ..
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