Re: Keynesian Christmas!-- and the collapsiing international

[Leonardo Vera <lvera@xxxxxxxxx>]

Kazuhiro;

The success of this new currency wil depend very much on its properties or
attributes. Does this new currency accomplish the medium of exchange and
store of value functions? are there well-organized, continuous spot markets
for those government bonds, (even against other currencies)? Is the
expected depretiation of that currency equal to zero? These are Davidsonian
questions.

If our answers to those questions are negative, then I do not see any
promising future for the "Argentino".

So, to me it is clear that there is much to be done yet

Leonardo.

At 04:46 p.m. 27/12/01 +0900, you wrote:
>According to FT, Argentina decided to introduce "third currency" called
the argentino. This is the denomination, except
>the point that its currency"will circulate alongside the peso and the US
dollar". I'd like to ask you how large effect
>the introduction of new currency has on getting the economy out of its
economic crisis.
>
> **************************************
>  Kazuhiro Kurose
>  Graduate School of Economics and Business
>  Administration, Hokkaido University
>  Kita 9 Nishi 7, Kita-Ku, Sapporo, Japan
>  060-0809
>    TEL: +81-11-716-2111 ex:2786
> **************************************
>
>
>

_____________________________
Leonardo  Vera
Universidad Central de Venezuela
FACES, Escuela de Economía
Caracas, 1050
Venezuela.