4 ms·
It matters what currency the debt is in and to whom it is owed.
by jplayer01 8y ago
It matters what currency the debt is in and to whom it is owed.
- Arnt 8y agoIn what way? Hedge funds have a long history now, and the core of their business model is (simplifying) to arbitrage such differences. So what's left? Whose currency is irrationally treated? Which lenders make a borrower more/less secure?