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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: robnhood who wrote (13273)1/20/1998 12:29:00 AM
From: Mark Nelson  Read Replies (1) | Respond to of 18056
 
Russ, Zeev,

Re: currency defense plan for Hong Kong

"Nobel Laureate economist Professor
Merton Miller delivered an intellectual
broadside on the Government's defence
of the currency peg yesterday and
proposed a radical plan that would
involve the Government selling currency
options as an insurance policy to restore
confidence and reduce interest rates."
scmp.com

Maybe the BOJ can issue puts on the Nikkei with a floating strike price!

(Don't worry, I didn't hurt myself thinking that one up)

G'night guys. Got an early day tomorrow.

Mark