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hot money |
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Hot money Money that moves across country borders in response to interest rate differences and that moves away when the interest rate differential disappears.
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| Whatever the explanation, the hot money is fueling the U. It is worth noting that the phenomenon of hot money is so gendered that I was completely unaware of its existence while I was working mainly with women; only when I turned my attention to men did it start to emerge as a crucial aspect of the social landscape. South Africa's high relative yield has produced a carry trade of hot money driving the rand from nearly 14 in late 2001 to 6. |
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