> On Feb 10, 2009, at 11:43 AM, JC Helary wrote:
>
>> Where did I read that financial exchanges volumes were 10 times (or
>> something similar) more important than goods/services exchanges ?
>
> At least. But you have to be more precise - stock exchanges? Foreign
> exchange? Credit markets?
Thank you Doug and SA for the replies.
I mean anything that is not related to buying goods or services. So I suppose that would include stock exchanges, foreign exchange (am I correct to assume that it does not include imports/exports, which would fall in the category of "money for goods" ?), credit markets etc.
But ultimately, is the proportion itself in direct relation with the impact the financial crisis has on the real economy ?
Jean-Christophe Helary