"Malaysia is still in a state of denial, " said Lye Thiam Wooi, who manages currencies and bonds worth $ 200 million at OUB Asset Management Ltd . in Singapore.
22.
Philippines'Secretary of Trade and Industry Cesar B . Bautista told reporters upon arrival for the 29th ASEAN Economic Ministers meeting Thursday that the region's economic ministers would rather focus on managing currency trading.
23.
Nearly shut down after World War II, the BIS has evolved into a helpmate for central banks, processing international payments, managing currency reserves and providing a discreet meeting place for top central bankers.
24.
Crossman co-chaired the Commission with Finance Secretary Miguel Cuaderno, Sr . The Commission studied Philippine financial, monetary, and fiscal problems and recommended a shift from the dollar exchange standard to a managed currency system.
25.
Thailand, and other parts of Asia, forced the pace of growth by pursuing policies that tampered with the working of the free market-- picking winning industries, managing currencies and financial markets, protecting specific firms.
26.
The central bank was forced to abandon the attempt last Friday and announced that it instead will allow the tightly managed currency to trade in a wider range, in effect allowing it to depreciate.
27.
The most important question for the future of the international monetary system may be what would happen if faith in central banks were damaged so badly that alternative ways of managing currency values were sought.
28.
Exchange rates can be adjusted by government in a rules based or managed currency regime, and when left to float freely in the market they also tend to change in the direction that will restore balance.
29.
Despite the central bank's commitment to a market-determined exchange rate, the peso remains a highly managed currency, with the central bank quickly intervening to stem any volatility that threatens a sharp fluctuation in the peso-dollar exchange rate.
30.
Federal Reserve Chairman Alan Greenspan told the panel that a well-managed currency board could create " a number of extra useful elements of economic stabilization ", but the authorities had to be totally committed to making it work.
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