Ultimately, in the long run we need to immunise our system from being overly responsive to fluctuations in the exchange rate; that is, people should, by and large, be reasonably hedged, or they should borrow more in domestic currency rather than foreign currency.
Raghuram Rajan
Related We need to be very cautious about large fluctuations in the exchange rate. ZHANG TAO After the exchange rate reform, interest rate policy must be more responsive to smoothen exchange ra... ZHANG XUECHUN The stable outlook also reflects our expectation that San Miguel should be able to maintain its domi... GREG PAU Countries in the European community will have less need to hold U.S. dollars because they won't be w... ANDREW WEISS Over the long term, currency fluctuations tend to balance themselves out. GREGG WOLPER we have expressed our position on the currency exchange rate on many occasions; this within our sove... KONG QUAN This might increase people's motive to hold more foreign currency, thus largely decreasing our count... YI XIANRONG This should support the dollar. Rate expectations have been the driving force in currency markets th... BRAD JONES China needs to approach the currency exchange rate from the perspective of China's economic interest... JIN RENQING Clearly the outlook for the currency markets, and in particular the U.S. dollar/euro exchange rate w... ALAN WILLIAMSON Love is a currency; one should never run out of. ENRIQUE VEGA Domestic pressure for currency change is strong, not because of what the U.S. is saying, but because... PAUL CAVEY The exchange rate is again under the spotlight as a wave of protectionist rhetoric rushed through th... ADAM MESURIER The exchange rate is again under the spotlight as a wave of protectionist rhetoric rushed through th... ADAM LE MESURIER Britain is not in the single currency, and we're not going to be. But we all need the eurozone t... DAVID CAMERON But because we in the United States finance our current account deficit by borrowing in our own curr... MARTIN FELDSTEIN For the full year, the currency impact should be less than the 4 percent impact in the first quarter... DOMENICO SCALA We maintain our constructive stance on Philippine long-term foreign currency bonds and dollar-peso f... SAILESH JHA We will further improve the yuan exchange rate formation mechanism and constantly make the exchange ... HU XIAOLIAN At its core, bitcoin is a smart currency designed by very forward-thinking engineers. It eliminates ... PETER DIAMANDIS The euro is a hybrid of a fixed exchange-rate regime, like the 1980s ERM or the 1930s gold standard,... YANIS VAROUFAKIS A weaker currency is a national tariff. After we get a weaker currency, we have to take advantage of... UDAY KOTAK There's just tremendous demand from Chinese individuals for assets to invest in. And the assets they... ANDREW BERNARD Sharp declines in the government?s external debt indicators and structural improvements that, over t... AGOST BENARD This agreement contributes to the deepening liquidity in the foreign currency market in China. LEO MELAMED Love should be treated like a business deal, but every business deal has its own terms and its own c... AYN RAND We need to bolster the stability of existing capital markets and flows in the developing world by st... LARS THUNELL We need to break our dependency on foreign sources of oil, which leaves us at the mercy of foreign p... BOBBY JINDAL China has to move to a more flexible foreign currency trading system, no question about that. You mi... ARJUNA MAHENDRAN What there is no dispute about is whether or not China is a currency manipulator. They are a currenc... ADAM DAVIDSON Our view of the global economy suggests several more quarters of low volume growth and continued pri... CHARLES HOLLIDAY Between now and May, we'll continue to see concrete measures being announced to ease restrictions on... HONG LIANG The third trend is the resurgence of clean coal. And that's being driven by two things: technologica... JIM SIMS Besides the shortages of foreign currency, the sector is also facing problems relating to insufficie... DAVID MURANGARI The prospect of an interest-rate-hike lifeline for the currency has become even more remote. The com... CRAIG FERGUSON I believe our foreign assistance should be scrutinized, should be debated, and that we should strike... JOHN SUNUNU There is a common theme that economic fortunes look brighter in Japan and continental Europe than th... WILLIAM SULLIVAN Currency trading is unnecessary, unproductive and totally immoral. It should be stopped. MOHAMAD MAHATHIR The rand, as a commodity-based currency, should benefit from the surge in precious metals' prices as... MONALE RATSOMA Ever since the turn of the Millennium, we have experienced consistent, and sometimes spectacular gro... FRANS CLOETE China's side of the story. We'll also tell them that we are not manipulating the yuan exchange rate ... LIU JIANCHAO Currency is overshadowing the multinationals, the tech multinationals, whether it's Cisco Systems or... ULRIC WEIL Use your heart. Understand. Learn to see things in the now, not as they were or will be, or as ... E.J. PATTEN Rather than being incensed by the nature of the bruise, maybe we should be inspired by the possibili... CRAIG D. LOUNSBROUGH She was intimidating and all I could do was sit back on the couch as she paced back and forth, slowl... IN THE MAKING It is not an intelligent move to adjust exchange rates according to volumes traded while there is a ... JOHN ROBERTSON We did well in both our European and Asia/Pacific regions during the quarter, but some of this growt... GARRY O. RIDGE This will increase the political pressure from outside for China to allow the currency to appreciate... FRANK GONG Fuel is charged in dollars and if our currency is losing value to it then it means we have to cough ... MABVUTO BAMUSI Find the human in the technology. The currency marketers trade in has not changed even if the method... SIMON MAINWARING We need to have our showers, there's some guys in here who should be showering more often than they ... LINDSEY HUNTER The greatest threat facing America today is the disastrous fiscal policies of our own government, ma... RON PAUL This acquisition will enable us to move our board manufacturing closer to our customer base while in... ALAIN LEMAIRE The central predictions of the quantity theory are that, in the long run, money growth should be neu... ROBERT LUCAS, JR. In the long run, the electorate appreciates people being honest. People will understand that this is... DAVID KIMCHE It is so torturous to be in the crowd not only because the voice there is usually loud, but also oft... ANUJ SOMANY How significant and disruptive such adjustments turn out to be is an open question, ... shocks shoul... ALAN GREENSPAN We should be more anxious that our afflictions should benefit us than that they should be speedily r... ROBERT HALL Capital inflow to Taiwan is supporting the currency. Foreign investors will keep buying stocks in th... ISAHO NAKASHO The foreign currency gap appears to have narrowed, but it is because of the time of the month. Nobod... ERIC BLOCH Chinese government's goal over the reform of foreign exchange rate system is firm, continual, manage... JIN RENQING The Asian currency rally has arrived, ... most Asian currencies should appreciate by a much larger m... JAMES MCCORMICK I still had this idea that there was a whole world of marvelous golden people somewhere, as far ahea... RICHARD YATES During 2002 we entered the foreign currency market for the first time in my life, ... In 2003, we en... WARREN BUFFETT It's clear that people currently working should factor into their retirement planning the long-term ... JACK VANDERHEI What counts, in the long run, is not what you read; it is what you sift through your own mind; it is... ELEANOR ROOSEVELT It is your mind that matters economically, as much or more than your mouth or hands. In the long ru... JULIAN SIMON Rather than being medicalized or romanticized, mental disorders, or mental dis-eases, should be unde... NEEL BURTON What we want the government to do is to make it plain that currency values should reflect economic f... FRANK VARGO How do you know if something is real? That’s easy. Does it change you? Does it form you? Does it g... C. JOYBELL C. Now is the only time we have, and the only time that we have any control over. RICHARD CARLSON Beauty' is a currency system like the gold standard. Like any economy, it is determined by politics,... NAOMI WOLF To have the time to reminisce is one of the futures gifts. Don't think to much, don't live to fast, ... CALVIN WILSON We are the masters of our own destinies we shape and mould our lives into to the circumstances surro... GARY F EVANS... Bitcoin is two things which share a name. One, it's a payment system, and two, it's a curren... ERIK VOORHEES Voter apathy is a civic abdication. CHARLES M. BLOW We also have Brazil's strong trade surplus, and the reduction in the central bank offering of curren... FLAVIO FARAH I believe that people should take pride in what they do, even if it is scorned or misunderstood by t... TONY HAWK Trust is a core currency of any relationship. Sometimes our need to control and micromanage everythi... KRIS CARR Bulk currency smuggling is probably the most important part in the war on drugs, although it's not a... DAN BURKE Trust isn't just the greatest currency, it's the only currency. Once trust is gone in any form of cu... RICHIE NORTON Under the floating exchange rate system, the initiative to take on speculators is in the hands of th... BA SHUSONG Gold above $600 is frightening. It appears that people expect inflation, and that people don't have ... FELIX ROHATYN What's more, the kaleidoscopic blend of gender-variant and gender-typical traits that characterizes ... SIMON LEVAY Our democracy is predicated on the belief that our government should be accessible by the people. We... ERIK PAULSEN If there's a message, it's that the unlovable and unattractive parts of ourselves should be embraced... HELEN HUNT The large German banks now seem to be more interested in competing with Anglo-Saxon banks in interna... STEPHEN LEWIS The decline in the exchange rate will either be gradual, as domestic spending pressures ease, or it ... ALAN BOLLARD The impulse of the play is to alert us, in the face of increasing religious and political polarizati... ELIZABETH BRADLEY I view Bitcoin as the more democratic version of money and value transfer because no one controls it... OLAF CARLSON-WEE In the land of light there is only one currency. The currency of love. AMIT RAY Naira is our currency, belong to our country and belong to the people. Buy made in Nigeria to grow t... SAMINU KANTI The trade deficit is much more responsive to the growth and consumption differential than to exchang... DAVID MALPASS China has emphasized that they do not want to make the currency issue into a political issue, which ... QU HONGBIN He called out to his fellow monks,'Come quickly I am tasting stars. JOHN GREEN The currency may extend declines because of the prospect for further, more aggressive rate reduction... NUNO CAMARA I noticed that at least one-third of the community were wearing black shirts. I felt supported ... w... JADE CRAIG Failure is nothing more than limits established in our mind, purely conceived from negative thoughts... RICK PRICE 'Beauty' is a currency system like the gold standard. Like any economy, it is determined by ... NAOMI WOLF If Australia finds it has a strong Australian dollar, and it has higher unemployment, then it would ... BEN BERNANKE
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