- 21.10.09 17:53
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Ošlejs komentāros dod šādu saiti: http://www.economist.com/businessfinanc
e/displaystory.cfm?story_id=14587377
It all started innocuously enough in the late 1980s. Many of Vorarlberg’s residents worked in neighbouring Switzerland and earned Swiss francs. So it seemed sensible enough to borrow in the same currency; Swiss interest rates were, after all, lower than those in Austria. Once the idea took off it spread fast and far. By the end of 2007 almost one-third of Austrian household borrowing was denominated in foreign currencies with low rates.
[...]
Austria’s financial regulators wrote rules in 2003 to protect consumers from huge currency swings (by, for instance, forcing the loans to convert into local currency if the value of the foreign debt rose above a certain threshold).