As Steve Hanke explains on page 180, the experts are urging that something be done.
Steve Hanke responds: I share Mr. Aten's general views about former president Suharto's lack of credibility.
Hanke's recent column " Africa and economics" (May 28) represents an outstanding contribution to a critical subject.
President Suharto's eldest daughter, Tutut, reportedly called Hanke in Istanbul and asked him to brief her father.
Suharto's failure to act as he promised Hanke is not the first time politicians have violated campaign promises.
Hanke writes of his 1998 experience in Indonesia as economic adviser to then-president Suharto to support his case.
Hot money from abroad also chases the Chinese currency, as columnist Steve Hanke observes on page 102.
Mike Hanke's double put the visitors ahead until Naldo's 74th-minute equalizer for Bremen.
Mr Hanke argues that the experience of other countries shows such a system would bring interest rates tumbling down.
Mr. Hanke's central thesis is that Africa lacks private property rights, is awash with kleptocracy and hence lacks investment opportunities.
To ensure confidence, Hanke and Sekerke suggest that a currency board should be headquartered outside the country in, say, London or Basel.
An interview with Steve Hanke by Robert Lenzner and Nigel Holloway WHEW!
Hanke's work on China and its monetary issues was a finalist in the competitive Business Journalist of the Year judging in London.
In his Russia story ten months ago, Hanke forecast Russia's ruble blowup.
Hanke's attacks on pegged exchange rates in Brazil (Oct. 20, 1997) and Russia (Mar. 9, 1998) will not be surprised by current events.
Hanke says the game has a beginning, middle and end, and should take about a year and a half to come to its completion.
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Hanke predicted correctly that Brazil's then-president Fernando Henrique Cardoso would defend the real's peg through the 1998 elections, after which all bets were off.
"It's not over, " says Steve Hanke, FORBES columnist and Johns Hopkins applied economist, who is one of the world's leading experts on international currency movements.
Hanke is a professor of applied economics at The Johns Hopkins University in Baltimore and chairman of the Friedberg Mercantile Group, Inc. in New York.
For Hanke's latest analysis, see "The Drooping Euro, " in this issue.
Hanke is a professor of Applied Economics at The Johns Hopkins University in Baltimore, Maryland, and chairman of the Friedberg Mercantile Group Inc. in New York.
Then a year ago Hanke went to Google CEO Larry Page to tell him he had an idea and was leaving to start a new company.
Professor Hanke, for several months, throughout 2001, had been arguing that Argentina was in a position to dollarize its economy, if it so desired, and thus avoid a painful peso devaluation.
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Among other things, Hanke pointed to an unduly weak Japanese yen (it is since up 15% against the U.S. dollar), which effectively was being shorted by carry traders to buy speculative assets.
However, as the ever-wise economist Steve Hanke points out (see p. 222), China does not have enough reserves, given the size of its economy and the scale of its banking system's bad loans.
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