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Re: floating exchange rate

Paul Phillips wrote:

>Interesting,
>Last year I asked a leading banker/businessman in Slovenia the
>secret of Slovenia's macroeconomic success in the transition to a
>capitalist market economy.  His reply was "We didn't follow the
>advice of western economists and the IMF."
>
It would have been much more interesting if he had answered your
question in the positive sense rather than the negative sense.

William F Hummel
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