Black Wednesday - ERM
Black Wednesday refers to the date 16 September 1992, when the UK was forced out of the ERM.
Black Wednesday - Related Articles
George Soros
Thinkers
George Soros is a financial speculator, stock investor, billionaire, philanthropist, and political activist, and is known for 'breaking the Bank of England' on Black Wednesday in 1992.
Black Wednesday
September 16th 1992: the day the pound was driven out of the Exchange Rate Mechanism. Known as White Wednesday by those who were happy to se...(Read more)
Black-Scholes Option Pricing Model ...
Black Wednesday
The day when the British government was forced to withdraw the pound from the European Exchange Rate Mechanism.
Developing countries in particular would often experience difficulties, though even advanced economies like Britain had issues, with Black Wednesday an example when she had insufficient reserves to counter the market.
 See also: Speculator, Exchange rate mechanism, Smith, Internal audit, Mergers
  
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