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He is the Director of the Pepperdine Private Capital Markets Project (privatecap.org) and Executive Director for the Pepperdine Most Fundable Companies competition (pepperdine.edu/mfc). His teaching and research interests include entrepreneurial finance, private capital markets, and entertainment finance. Dr. Everett He holds a Ph.D.
The main attraction of full dollarization is the elimination of the risk of a sudden, sharp devaluation of the countrys exchange rate, the IMF writers point out. This may allow the country to reduce the riskpremium attached to its international borrowing. However, there are pros and cons.
Data has been better than we expected, not only in the labor market but also consumer spending remains very resilient. The market still expects that the Fed will be able to continue rate cuts at a regular cadence into next year. It seems like markets tend to overreact both positively and negatively to the news.
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