[lbo-talk] financial exchanges proportion ?

SA s11131978 at gmail.com
Tue Feb 10 09:27:14 PST 2009


JC Helary wrote:


> Where did I read that financial exchanges volumes were 10 times (or
> something similar) more important than goods/services exchanges ?

http://www.ustreas.gov/offices/international-affairs/economic-exchange-rates/pdf/Dec-2007Appendix1.pdf

This US Treasury report says that the BIS put 2007 average daily turnover in the global foreign exchange market at $3.2 trillion, which on an annual basis would I guess be something on the order of 50 times global GDP.

SA



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