Re: Keynesian Christmas!-- and the collapsiing international payments system -Argentina and the ensuing slippery slope

["Sean Reilly" <seanjreilly@xxxxxxxxxxx>]

Why not abandon the Dollar altogether?  The solution to this problem seems
obvious to me: devalue the currency.

----- Original Message -----
From: "Kazuhiro Kurose" <kurose@xxxxxxxxxxxxxxxxxxxxxx>
To: "PKT" <pkt@xxxxxxxxxxxxxxxx>
Sent: Thursday, December 27, 2001 2:46 AM
Subject: Re: Keynesian Christmas!-- and the collapsiing international
payments system -Argentina and the ensuing slippery slope


> 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
>  **************************************
>
>