ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Capital Cannibalism, Currency Chaos and the IMF

Ranjit Sau Two parts of financial markets can and do work at cross purposes. An inflow of foreign investment can be effectively reversed by taking positions in currency markets, spot and forward, The net outcome of such journeys with the time machine of financial instruments is called here 'capital cannibalism'. It is suspected that a sizeable amount of currency trade is engaged in such round-trips for private profit, but national waste.

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