
The recent upheavals within the world money markets were
squelched by the immediate intervention of each international money
establishments like the United Nations agency and of domestic ones within the
developed countries, like the Federal Reserve within the USA. The danger looks
to possess passed, though' recent tremors in Republic of Korea, Brazil and
Taiwan don't augur well. We tend to might face one more crisis of an equivalent
or a bigger magnitude momentarily.
What are
the teachings that we are able to derive from the last crisis to avoid the
next?
The first lesson, it might appear, is that short term and
long run capital...