On Fri, 27 Dec 1996, Steele, Jen wrote:
>
> I'm curious what pen-l folks have to say about capital mobility restictions,
> such as a return to a fixed exchange rate system, as a means for stabilizing
> local economies. Personally, I have a hard time inagining it. Do you think
> it's feasible? What other controls on capital mobility exist, here or in
> other countries? Any suggestions on short, current readings about this
> issue? Maybe this thread can get us off the personal stuff and back onto
> economic issues.
Jen,
I read (i believe in Schweickart's "Against Capital) that Thurow
(as in Lester) is now for a "flexible peg" and that he now regrets the
complete liberalization of exchange rates (a little late!)
Not much - but maybe helpful.
Ron Baiman
Roosevelt U.
Chicago
