Krugman blames US geo-politics

[Arno Mong Daastøl]

Profesor of economics at MIT, Robert Krugman, claimed on CNBC TV station in
the program dot.com Aug. 29th 1998 (Saturday at 1030 GMT) that Rubin's
dumping of Sakakibara's (the Japanese official at MOF - Ministry of Finance)
propopsal in January 1998, to create a regional currency only had
geropolitical reasons. Along with others in the program, he instead called
for a dumping of political consiiderations in facour of technocratic
measures to deal with the crisis. He called for a reintroduction of exchange
controls. He admitted that the effects of the crisis was far larger than he
had imagined at the beginning.

Arno Mong Daastøl, Utsiktsveien 34, N-1410 Kolbotn, Norway,Ph: +47.6680 6373
/ 6680 6523, Mobile and answering machine: +47.9002 4956, Fax: +47.94035650,
PC-Fax : +47.6680 6373, ICQ# 11869628 Email: arno at daastol.com   URL:
http://daastol.com

Doctoral Candidate, University of Maastricht, Department of Public Finance,
P.O. Box 616, NL-6200 Maastricht MD, The Netherlands, Ph: +31.433 883636,
Fax: +31.433 258440
and:
SUM - Centre for Devlopment and Environment, University of Oslo, P.O.Box
1116 Blindern, N-0317 Oslo, Norway, Ph: +47.2285 8900, Fax: +47.2285 8920