[lbo-talk] financial exchanges proportion ?

[SA]

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