Sentences with phrase «defended during a financial crisis»
Another reason is to have a float in case your currency needs to be defended during a financial crisis - i.e. to avoid a repeat of e.g. the 1997 Asian financial crisis.
If you recall, during one of her final speeches at the Jackson Hole symposium in August, Yellen defended the strict, broad - based financial regulations put in place after the financialcrisis — Dodd - Frank included.