Regulate the Carry Trade
When the global financial crisis occurred, exchange rates were the least interesting part of the macroeconomic debate, causing a 2011 French proposal for a sweeping reform of the international monetary regime to go nowhere. Today, they are the focus of intense anxiety, which is being fueled by one financial practice in particular.
https://prosyn.org/V6J4Vwz
PRINCETON – During the early years of the global financial crisis, exchange rates were the least interesting part of the macroeconomic debate. A French proposal in 2011 for a sweeping reform of the international monetary regime went nowhere. Today, the subject has become the focus of intense anxiety – and with good reason.