We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Medium of exchange

10 Jul 2019 By Christopher Beddor

As the two companies kicked off plans to raise some $20 bln combined, the currency bounced. In a place where stocks are worth over 1,000% of GDP, local money demands can move markets. Former central banker Joseph Yam’s warning about the challenges of such a system look prescient.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)