Suttong, a battery maker, was recently forced to raise money at 450 basis points over the prevailing rate in the bond market.
By binding tariffs near to the prevailing rate, a Doha agreement would have stopped policies taking a dramatic turn for the worse.
Second, is there a new rule of good corporate citizenship that any business or business person should pay the highest prevailing rate of tax possible, even if there is an easy and legal way of paying less tax?
Generally, there are two ways to mitigate investment risk and still trump the prevailing inflation rate.
If they're able to force producers to offer goods at prices below the prevailing market rate, shortages become inevitable.
Granted, this is far from a perfect solution, but given the prevailing interest rate environment, it is less risky than trying to predict unknown outcomes.
FORBES: Buffett's Right, Bonds May Fall Victim To Inflation But Hold Them For Now
Bankers and officials familiar with the move have said in recent weeks that the kyat will likely be set between 800 kyat and 820 kyat to the dollar, which is close to the prevailing unofficial street rate and far from the official rate of around six kyat.
If much of that is borrowed at the higher 3.5% interest rate prevailing today, that would deprive the French government of vital money to fund public services - which is not great news just days after France announced an emergency five-year 65bn euro package of tax rises and spending cuts to reduce its public-sector deficit.
In contravention of a public, competitive auction, Crusader conspired to rig the tax lien bidding by allocating certain liens to members of the conspiracy, thus ensuring that the prevailing bidder took the lien with an artificially higher interest rate than would likely have been derived from open competitive bidding.
But anticipating more recent work, Mr Phelps, the theory's other pioneer, has long emphasised the need for measures to lower the natural rate--essentially, by making more people employable at the prevailing level of wages.
Since the launch of the euro, moreover, Italy's debt managers have managed to extend the average term of its borrowing to almost seven years, locking in then-prevailing interest rates and ensuring that less of the outstanding debt is subject to abrupt rate increases.
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