Raising interest rates not only does not substantially discourage speculators but it can also actually enrich those who have already sold the currency short in the forward exchange market, Prof Miller said.
2.
Raising interest rates not only does not substantially discourage speculators, but by virtue of interest rate parity theorem, actually enriches those speculators who have already sold the currency short in the forward exchange market.
3.
Minimising accounts receivable by shortening the average collection period; invoicing and setting contract price in local currency ) and external hedging ( e . g . using the forward exchange market; taking advantage of a favourable exchange rate by delaying or speeding up payment ).
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