OECD Forum 2002 Forum Highlights: Forum Highlights
OECD
Il Sakong took another tack. In response to the International Monetary Fund''s ( IMF) insistence over the years on free-floating exchange rates, Il Sakong said: “ We believe that there is no single exchange-rate regime that is good for all countries at all times.” He used Argentina as an example, calling the country''s now-abandoned currency board a “good idea” when it was instituted, but one that was held on to long after it had become a liability. Il Sakong Il Sakong also took issue with ...