On Sun, 14 Dec 2003 [EMAIL PROTECTED] wrote:
> > [I thought this was a surprising good discussion that covered all the
> > bases.]
>
> Interesting though, that the general principle that in a fixed rate
> system the burden of adjustment falls on the deficit country, is
> completely ignored; ie the
On Thu, 11 Dec 2003 13:16:55 -0500, Michael Pollak
wrote:
>
> [I thought this was a surprising good discussion that
> covered all the
> bases.]
>
Interesting though, that the general principle that in
a fixed rate system the burden of adjustment falls on
the deficit country, is completely ignored
[I thought this was a surprising good discussion that covered all the
bases.]
Financial Times, December 2, 2003
China must move to a flexible currency -- eventually
By Martin Wolf
To float or not to float, that is the question. To be more precise, it is
one of the questions. The Chinese authori
