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Technology Stocks : Cymer (CYMI)
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To: Kalyanaraman who wrote (5819)10/23/1997 10:35:00 AM
From: Sam Citron   of 25960
 
Kalyan,
RE: Asian Currency Problems

If you don't mind a naive question about currencies, why don't all countries simply float their currencies? Wouldn't this avoid the dislocations we are now experiencing? I realize it may be "convenient" to peg to some other currency, but this obviously distorts prices and can cause severe economic consequences.

SC
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