Currency Boards and Currency Restrictions

[Michael Cohen]

 What do you guys think of the idea of the Pacific rim imposing this.
It seems that the countries with the least economic liberalism i.e.
China
and Hong Kong with its currency board is doing about the best in this
crisis.  It seems that with a hugh flight of foreign capital in the
region currency
boards,... seem to be the best bet.

For you economic historians.
Also if I recall the US developed with the use of a very substantial
dose
of British Capital and we of course had major panics, depressions, ....
in the process.   How did the US keep from becoming a permanent
economic colony of Britain.
                 --mike




--
Michael Cohen mike at cns.bu.edu
Associate Professor, Center for Adaptive Systems
Work: 677 Beacon, Street, Rm313 Boston, Mass 02115
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