February 8, 2009

High Forex Reserves Can Worsen Recession

Some posts ago, I had mentioned a couple of columnists I enjoy reading.. Today's Swaminomics column in TOI was simply brilliant.. Very educative and insightful... He speaks about the need for Asian countries to curb shoring up on Forex reserves or the Recession would turn to Depression, he prophesies... I tend to buy his argument and think its a very thoughtful article. I am copying the link here as its imperative policy makers read this and one of the ways is to circulate it on the net...

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