The Cellar - View Single Post - Would someone give me the short version of this basic economics question?

07-25-2005, 08:04 PM

What? Are you writing a term paper? In one word - confidence. Why don't people buy Mexican pesos or Brazilian cruzeros? Because no one has much faith in the Mexican or Brazilian government's ability to put its money where its mouth is.

07-25-2005, 08:04 PM	#2
marichiko Guest Posts: n/a	What? Are you writing a term paper? In one word - confidence. Why don't people buy Mexican pesos or Brazilian cruzeros? Because no one has much faith in the Mexican or Brazilian government's ability to put its money where its mouth is.