Carry trade
October 27, 2009 at 08:36 AM EDT
[Skip to the end] The article completely misses the point. There is no ‘cash pouring into’ anything. Nor is there a constraint on lending/deposits in any non convertible currency. It is not a matter of taking funds from one currency and giving them to another. There is no such thing. Yes, the interest rate differential may be driving one [...]