Re: [Pen-l] currency controls and crying capitalists (an FT article)

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] currency controls and crying capitalists (an FT article)
From: "michael a. lebowitz" <mlebowit@xxxxxx>
Date: Thu, 21 May 2009 13:33:06 -0430
User-agent: Thunderbird 2.0.0.21 (Windows/20090302)

Sabri,
My inclination is to think the recent Brazil-China agreement is essentially symbolic but don't know anymore. In contrast, the currency control tightening in Venezuela I referred to is real and is about to have major impacts if the government doesn't blink.
michael

On 20/05/2009 1:51 AM, Sabri Oncu wrote:

Michael and others,

Below is not about currency controls, but it is relevant. An
interesting development! Do you think it would have been better if
Brazil was paying for Chinese goods with Chinese renminbi and China
was paying for Brazilian goods with Brazilian real?  Would it make any
difference when renminbi was converted into real and vice versa? I am
not sure, so just running it by you! Whatever the answer, this is not
good news for the US dollar.

Sabri

++++

-- 
Michael A. Lebowitz
Professor Emeritus
Economics Department
Simon Fraser University
Burnaby, B.C., Canada V5A 1S6

Director, Programme in 'Transformative Practice and Human Development'
Centro Internacional Miranda, P.H.
Residencias Anauco Suites, Parque Central, final Av. Bolivar
Caracas, Venezuela
fax: 0212 5768274/0212 5777231
www.centrointernacionalmiranda.gob.ve
mlebowit@xxxxxx

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  - From: Jim Devine

References:
- [Pen-l] currency controls and crying capitalists (an FT article)
  - From: Sabri Oncu

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Thread context:
- [Pen-l] Texas makes the next move, Jim Devine Wed 20 May 2009, 14:35 GMT
- [Pen-l] Toxic Textbooks, david barkin Wed 20 May 2009, 13:16 GMT
- [Pen-l] Timothy Burke on Jared Diamond, Louis Proyect Wed 20 May 2009, 12:55 GMT
- [Pen-l] currency controls and crying capitalists (an FT article), Sabri Oncu Wed 20 May 2009, 05:48 GMT
  - Re: [Pen-l] currency controls and crying capitalists (an FT article), michael a. lebowitz Thu 21 May 2009, 17:30 GMT
    - Re: [Pen-l] currency controls and crying capitalists (an FT article), Jim Devine Thu 21 May 2009, 17:54 GMT
      
      Re: [Pen-l] currency controls and crying capitalists (an FT article), michael a. lebowitz Thu 21 May 2009, 18:40 GMT
      
      Re: [Pen-l] currency controls and crying capitalists (an FT article), Jim Devine Thu 21 May 2009, 19:15 GMT
      
      Re: [Pen-l] currency controls and crying capitalists (an FT article), raghu Thu 21 May 2009, 19:35 GMT

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