Re: (none)

To: pkt@xxxxxxxxxxxxxxxx
Subject: Re: (none)
From: <mosler@xxxxxxxx>
Date: Mon, 22 Apr 2002 07:22:46 -0400


No. What these statistics mean is that under a flexible exchange rate regime
there is a

PERCEIVED


need for substantially more reserves than under a fixed exchange
regime.  And this was pointed out by Prof. Sidney Weintraub (of the Univ. pf
Texas) many years ago in an article published in the JOURNAL OF POST KEYNESIAN
ECONOMICS.

ww
Paul

Paul Davidson
Editor, Journal of Post Keynesian Economics
University of Tennessee
SMC 523
Knoxville, Tennessee 37996-0550
phone # (865)974-4221; fax #(561)737-8262;
email pdavidson@xxxxxxx
http://econ.bus.utk.edu/davidsonextra/Davidson.html

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Thread context:
- Re: (none), (continued)
  - Re: (none), Gunnar Tomasson Sun 21 Apr 2002, 16:08 GMT
  - Re: (none), Henry C.K. Liu Sun 21 Apr 2002, 23:54 GMT
  - Message not available
    - Re: Flexible exchange rates and the need for reserves, Henry C.K. Liu Mon 22 Apr 2002, 15:23 GMT
      
      Re: Flexible exchange rates and the need for reserves, paul davidson Mon 22 Apr 2002, 16:31 GMT
  - Re: (none), mosler Mon 22 Apr 2002, 11:22 GMT
- [no subject], g kohler Sun 21 Apr 2002, 02:34 GMT
  - Re:, Leigh Harkness Mon 22 Apr 2002, 10:54 GMT
- Stiglitz' Global Greenbacks Idea, Gunnar Tomasson Sat 20 Apr 2002, 20:50 GMT
- The US and China and Other Superpowers, John Gelles Fri 19 Apr 2002, 16:28 GMT

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