Mixed messages

Article Abstract:

Interested parties are judging the currency crisis in Thailand from their own particular viewpoint. Some Asian countries which have been working towards deregulation have become cautious, and the central banks which support regulation are using the crisis to further their arguments. Foreign investors have also become cautious about the south east Asian markets. Thailand's main problem was the manner in which it deregulated its currency market. The process being followed in other countries, including Korea, Japan, and Taiwan, is discussed.

Taiwan, Laws, regulations and rules, Thailand, Southeast Asia, Korea, Foreign exchange market

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Here, try this: again, Tokyo attempts to spark a recovery

Article Abstract:

Japan's Ministry of Finance is encouraging financial institutions to make more foreign-currency transactions in the hope of weakening the yen, but reactions seem mixed. On Aug 2, 1995, the ministry announced looser rules, which had long been in the works but were accelerated when it appeared a new minister might come in and have to be persuaded all over again. Japanese investors have grown leery of overseas investing, so the Aug 8-10 U.S. Treasury auctions will be a crucial test, but the yen did slip against the dollar.

Management, Monetary policy, International finance, Japan. Ministry of Finance

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Speculators beware

Article Abstract:

Hong Kong maintains fixed exchange rates. It is, therefore, open for speculative attacks, but it is well prepared for such an eventuality and has managed to avoid any attacks throughout the crisis period in other Asian countries. Its resistance to speculative attacks stems from its sound economy, and from the strength of the Hong Kong Monetary Authority and its systems.

Currency Stabilization Programs, Prices and rates, Cover Story, Hong Kong, Currency stabilization, Dollar (Hong Kong)

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