Data Update 3 for 2021: Currencies, Commodities, Collectibles and Cryptos
Musings on Markets
JANUARY 27, 2021
In my last post , I described the wild ride that the price of risk took in 2020, with equity risk premiums and default spreads initially sky rocketing, as the virus led to global economic shutdowns, and then just as abruptly dropping back to pre-crisis levels over the course of the year. Currencies : A currency serves three functions.
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