Asad Zaman
published in Express Tribune, june 7, 2015
We live in a world awash with money. Not only can the banks create twenty times more money than the amount they receive as deposits, but an enormous shadow banking system has come into existence which creates massive amounts of credit without any regulatory restrictions. At the time of the global financial crisis, the value of financial instruments was more than ten times the world GDP. Daily trade in foreign exchange is around $4 trillion, while actual merchandise trade is only $50 billion. This huge excess clearly represents speculation and gambling, rather than currency exchange for the needs of trade.
Wiki on Speculative Attach - 1st 2nd and 3rd generation models of speculative currency attacks.
Speculative Financial Attacks - Express Tribune Version
Responding to Currency Crises in Emerging Market Economies: - The IMF in Indonesia, Korea, and Brazil-- by Shinji Takagi
Good Basic Information - massive selling triggered by misinformation
Banking terms defined - example of Mexican Crisis and Black Wednesday spec attack on Britain by George Soros leading to a gain of Billion pounds
00 Short Articles on Money - Collection of news articles related to money