8 Jun 2008

一个国家不能拥有all of the following 3 items

(KL)

一个国家不能拥有all of the following 3 items:

1) Free currency movement

2) Indenpent currency policy (bank profit rate, currency totol amount...)

3) Fixed exchange rate

For China, it has 2) and 3) but no 1) For HongKong, it has 1) and 3) but no 2)

For Singpore, it is alike hongkong,

For Malaysia, it is alike China For US, it has 1) and 2), but no 3)


^O^

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