Related articles link .. Links ~ Myanmar February 16, 2012
Stiglitz Sees Progress on Myanmar Currency Regime
BANGKOK—Myanmar's government is making progress toward simplifying its unwieldy foreign exchange regime and is seriously pursuing other major reforms, Nobel laureate economist Joseph Stiglitz said after a visit to the Southeast Asian nation this week.
Speaking by phone to The Wall Street Journal upon his return to the U.S. after a series of meetings in Myanmar—including one with President Thein Sein and others with academics—Mr. Stiglitz said a consensus seemed to be building to steer Myanmar toward some form of "managed float" exchange-rate system, in which governments often intervene to influence exchange rates, rather than freely floating its currency, the
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