Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
You cannot have controlled exchange rates without controlling capital flow - that would render your monetary policy impotent. So if you have to either restrict capital flows or control the exchange rate, it has to be the former.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Jan 13th, 2009 at 05:10:22 AM EST
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