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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Paul Berliner who wrote (2085)9/20/1999 12:37:00 PM
From: Thomas M.   of 3536
 
World Bank Reverses Position on Financial Controls and on Malaysia

stratfor.com

"The World Bank reversed its opposition to short-term capital controls and announced that Malaysia's experiment with capital controls was, in effect, a success. Since the World Bank acts on the distilled essence of conventional wisdom, this means that the international financial community no longer regards either capital control or Malaysia's prime minister as taboo."

Tom
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