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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (2297)	12/13/1999 10:14:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 3536

Chip, I agree. Stability of exchange rate relationships will be very important for maintaining economic growth globally. By baseline opinion on this has been that after a quarter century of free floating exchange rates the system has gotten to be pretty fluid and responsive. The markets respond quickly to questionable policies and price in an assessment very rapidly. This provides an immediate feedback to policy makers and they have generally responded quickly. This has led to greater synchronization in global policy and less volatility in currencies. The question is wheter the extent of the problems in Japan will eventually introduce greater stress into the system.