Financial institutions and financial markets play a central role in the effective and efficient allocation of capital in the real economy. 4/7  BIS central bankers' speeches  Financial institutions and financial markets help decide which projects are financed – and which ones are not.
From the end of August to the end of November 2011, Mexican peso depreciation reached more than 10 percent, a rate that is similar to that experienced by other currencies, such as the New Zealand dollar and the Brazilian real. Against the backdrop of widespread risk aversion, very few currencies other than the U.S. dollar have played the role of safe havens.