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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (6455)	9/16/1998 1:50:00 PM
From: Sam	Respond to of 9980

Thanks, Robert, for your reply. I misunderstood the excerpt about the international body--of course, they need to develop their regulatory agencies. This may be the reason why the IMF shouldn't just jump in whenever there is a crisis--perhaps it should be a precondition for IMF money, although exactly who will regulate the regulators is unclear, and perhaps that is why the IMF maybe shouldn't even exist in its current form, doling out money to countries that get into trouble. This would give them some incentives to actually regulate and get their companies to become more transparent. FWIW, my father was born in the same year as yours, and would undoubtedly have said very similar things if he was around to talk (though he would never have bought an Asai mutual fund).