500% ränta
- Episode aired Nov 6, 2012
In 1992, the fixed exchange rate failed due to currency speculation. To defend the Swedish krona exchange rate, the marginal interest rate was raised very briefly, between September 16 and S... Read allIn 1992, the fixed exchange rate failed due to currency speculation. To defend the Swedish krona exchange rate, the marginal interest rate was raised very briefly, between September 16 and September 21, to 500%.In 1992, the fixed exchange rate failed due to currency speculation. To defend the Swedish krona exchange rate, the marginal interest rate was raised very briefly, between September 16 and September 21, to 500%.