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Strategies & Market Trends : Asia Forum
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To: Mohan Marette who wrote (2148)2/16/1998 3:53:00 AM
From: tom  Read Replies (1) of 9980
 
I agree with almost everything you say but the fact is they don't have any choice! It's currency board or death. The IMF et al are all saying that they're against it for bargaining reasons. If they thought that Suharto would go through with the reforms then they would be happy with it.

Don't forget that currency boards are perfect for countries on the brink of meltdown. Bosnia has one that works fine and they haven't had the easiest of times recently
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