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

To: Robert Douglas who wrote (434)	8/20/1998 11:04:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 3536

Hello Robert, Excellant explanation..... From my modest understanding of this discussion, I think you are right, absoltly correct. Fundamental economic policies must be followed in order to maintain confidence in a currency. What I find intriguing about currency-boards is the straightforward right-out-there statement of intent. Fixing a currency to a single currency may not work in the longer-term as players become even more capable of manipulation. But I do believe that this high degree of transparency and allowance for free-market systems is an important factor in reaching for stability. Perhaps we will see future currency-boards fixed to a basket of commonities and/or with a mixture of hard assets. Chip