Hot money is a term that is most commonly used in financial markets to refer to the flow of funds (or capital) from one country to another in order to earn a short-term profit on interest rate differences and/or anticipated exchange rate shifts. These speculative capital flows are called "hot money" because they can move very quickly in and out of markets, potentially leading to market instability.
Read more about Hot Money: Illustration of Hot Money Flows, Types of Hot Money, Estimates of Total Value, Sources and Causes, Impact, Control
Famous quotes containing the words hot and/or money:
“And deep into her crystal body poured
The hot and sorrowful sweetness of the dust:
Whereof she wanders mad, being all unfit
For mortal love, that might not die of it.”
—Edna St. Vincent Millay (1892–1950)
“The secret point of money and power in America is neither the things that money can buy nor power for power’s sake ... but absolute personal freedom, mobility, privacy. It is the instinct which drove America to the Pacific, all through the nineteenth century, the desire to be able to find a restaurant open in case you want a sandwich, to be a free agent, live by one’s own rules.”
—Joan Didion (b. 1934)