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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 (440)	8/20/1998 5:28:00 PM
From: X Y Zebra	Respond to of 3536

We have dozens of countries trying various approaches to maintaining their currencies. This is like a giant laboratory of trial and error. Everyone will copy the successful approach. Yes, but to achieve stability, long term planning and commitment must be made by local and foreign investors alike, for that as it has been pointed out earlier, respect for recognized law must be achieved. As each economy explodes and attempt to rebuild, each country must break away from the established mode and truly allow free markets to do their thing. In many countries such habits are hard to break, because it is "inbred" or because social pressures are already so pressing.... what is the best approach? My opinion still goes for free markets, but others, (specially those in the rough end), may not agree.... I guess, that after all, it is a laboratory. Reporting live....