Currency swing (also referred to in German as “Currency changeover”)
A large-scale and sudden exchange of one currency (e.g. EUR) for another (e.g. USD or INR). It is triggered by corresponding expectations on the international financial markets; in the case of the EUR, above all by an assessment of the dangers posed by the unfavorable age dependency ratio or the high level of government debt. – See age ratio, deficit propensity, domino effect, Greek crisis, headline hysteria, herd behavior, crisis, systemic, Minhas-Gerais problem, government debt(s), Stability and Growth Pact, debt, debt stimulus, foreshadow effects.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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