LOOSE CHANGE

LOOSE CHANGE

"Extremes dominate capital flows, and these are marked by fashion, passion and panic behaviour," Guy Heald, treasurer at HSBC Midland in London, told delegates attending Forex '98 in Geneva on June 6. Referring to the emerging markets of Asia, Heald said these markets will consist, not only of healthy tigers, but of very strong dragons if the financial markets are restructured and suitable products developed. The central banks of the region should consider selective use of controls on currency

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