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                    [Title] => Asia not yet ready for free floating currencies — ADB
                    [Summary] => Most Asian nations fear adopting a fully-floating currency exchange rate regime even though Argentina’s economic debacle has shown it may be the only option left for them, the Asian Development Bank (ADB) said yesterday. 


Argentina plunged into economic and political turmoil late last year after its currency which was pegged to the US dollar under a so-called currency board fixed exchange rate system collapsed following 44 months of recession. 


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                    [ColumnID] => 133272
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                    [AuthorID] => 1637387
                    [AuthorName] => P. Parameswaran
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DIRECTOR PRADUMNA RANA

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                    [Title] => Asia not yet ready for free floating currencies — ADB
                    [Summary] => Most Asian nations fear adopting a fully-floating currency exchange rate regime even though Argentina’s economic debacle has shown it may be the only option left for them, the Asian Development Bank (ADB) said yesterday. 


Argentina plunged into economic and political turmoil late last year after its currency which was pegged to the US dollar under a so-called currency board fixed exchange rate system collapsed following 44 months of recession. 


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Asia not yet ready for free floating currencies — ADB

By P. Parameswaran | February 20, 2002 - 12:00am

Most Asian nations fear adopting a fully-floating currency exchange rate regime even though Argentina’s economic debacle has shown it may be the only option left for them, the Asian Development Bank (ADB) said...

Business